Economy

Hyundai, Kia parts supplier in Alabama fined for child labor | Business and Economy News

The US Department of Labor found workers aged 13-15 at a parts supplier to automakers Hyundai Motor Co and Kia Corp and fined the firm. Authorities found children as young as 13 working at a Korean-operated parts supplier to automakers Hyundai Motor Co and Kia Corp, and have fined the company and a labor recruiter, …

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Watch Randall Park in the trailer for Netflix’s Blockbuster

Randall Park in BlockbusterGraphic: Netflix Remember Blockbuster? Netflix sure does, even though the company’s mail-order DVDs and streaming service put the video rental chain out of business. After appearing in the streamer’s projects Always Be My Maybe and Human ResourcesRandall Park stars in the new series Blockbuster as Timmy, the manager of the last-ever location …

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Analysts predict more insurers could leave Florida following Hurricane Ian

Six property insurers have left Florida so far this year, and industry analysts expect more to leave by the end of 2022. Florida’s property insurance market was already in a crisis before Hurricane Ian, and the storm could be making a bad situation even worse. [TRENDING: Orlando FreeFall coming down after 14-year-old boy fell to …

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South Korean President Yoon vows to deal with economic shocks Business and Economy

South Korean leader’s remarks come after the country’s government bond market sees sharp fluctuations. South Korean President Yoon Suk-yeol has promised to appropriately deal with economic shocks in one of the most direct indications about measures to stop the spread of a sense of panic in financial markets. The comments on Thursday came as the …

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More than half of Silicon Valley residents want to leave: ‘The mood is darkening’

More than half of all residents in the Big Tech hub of Silicon Valley are planning to ditch the region due to spiraling costs and quality-of-life issues, according to the results of a poll released this week. A whopping 64% of residents in Silicon Valley, home to corporate heavyweights such as Google, Meta and Apple, …

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Why Credit Suisse is battling rumors of a Lehman-style crash | Business and Economy

Credit Suisse is at the center of market turmoil amid rumors the bank could be on the brink of collapse. Investors have rushed to sell the Zurich-based bank’s shares amid concerns about its financial health as it prepares to unveil a costly restructuring plan due later this month. Speculation that the bank could fail has …

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Asian shares rise after ‘relief rally’ on Wall Street

TOKYO (AP) — Asian shares rose Tuesday, encouraged by a rally in US shares after some weak economic data raised hopes that the Federal Reserve might ease away from aggressive interest rate hikes. Japan’s benchmark Nikkei 225 added 2.3% in morning trading to 26,811.08. Australia’s S&P/ASX 200 surged 2.4% to 6,610.50. South Korea’s Kospi jumped …

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East Africa: Why Internet Is So Expensive in Uganda Compared to Other Countries in East Africa

Uganda’s telecom companies have invested heavily in infrastructure services to boost internet access but the low number of users have limited their ability to lower internet costs for their customers including the Small and Medium Enterprises. This was revealed by Enid Edroma, the general manager, Corporate Affairs at MTN Uganda who said only about 35% …

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