China’s Insurance Industry Assets Reach 4.12 Trillion USD in 2023: Significant Growth in Premium Revenue and Expenses

The total assets of China’s insurance industry stood at 29.6 trillion yuan (about 4.12 trillion U.S. dollars) in the first three quarters of this year, data showed. This figure represents an increase of 10.8% over one year, said the National Financial Regulatory Administration. According to the administration, insurance premium revenue increased 11 percent to 4.3 … Read more

French Author Marie NDiaye Condemns Far-Right Violence Against Brother, Pap Ndiaye

French Author Marie NDiaye Condemns Far-Right Violence Against Brother, Pap Ndiaye

French author Marie NDiaye, on tour this week in New York for the translation of her novel “Vengeance belongs to me”, denounced “delirious violence” of the French far right against his brother Pap Ndiaye when he was Minister of National Education. “When my brother was appointed minister (in May 2022) the reactions from the extreme … Read more

Ford Temporarily Dismisses Hundreds of Employees Amid Strike: Updates on UAW Negotiations

Ford Temporarily Dismisses Hundreds of Employees Amid Strike: Updates on UAW Negotiations

The American automobile manufacturer Ford, affected like its competitors General Motors and Stellantis since mid-September by a strike, announced Monday October 2 the temporary dismissal of hundreds of additional employees as a result of this social movement. “Our production system is highly interconnected, which means the UAW’s targeted strike strategy (syndicat United Auto Workers, NDLR) … Read more

Federal State Budget Paralysis: Civil Servants Face Temporary Layoffs and Unpaid Work

Federal State Budget Paralysis: Civil Servants Face Temporary Layoffs and Unpaid Work

Civil servants could be placed on temporary unemployment or forced to work without pay as early as Sunday. Soon to be temporarily laid off or forced to work without pay, civil servants in the United States received official notifications on Thursday, September 28, of the paralysis of the federal state budget, which will begin on … Read more

Manufacturing activity in New York region shows unexpected growth in September

Manufacturing activity in New York region shows unexpected growth in September

By Le Figaro with AFP Published on 09/15/2023 at 2:40 p.m., Updated on 09/15/2023 at 2:43 p.m. On the labor market side, indicators “point towards a slight decline in employment levels and the average length of the working week”. MTM / Manueltrinidad – stock.adobe.com Manufacturing activity in the highly industrialized New York region recovered unexpectedly … Read more

Surprising Increase in US Crude Oil Inventories: Stocks Rise by 4 Million Barrels

Surprising Increase in US Crude Oil Inventories: Stocks Rise by 4 Million Barrels

By Le Figaro with AFP Published 1 hour ago, Updated 1 hour ago The country’s stocks were filled by an additional 4 million barrels. jutawat / stock.adobe.com With an additional 4 million barrels, commercial crude oil inventories rose more than expected last week, according to figures released Wednesday by the U.S. Energy Information Administration (EIA), … Read more

New York Stock Exchange Attempts Timid Rebound After Declining Sessions

New York Stock Exchange Attempts Timid Rebound After Declining Sessions

By Le Figaro with AFP Published 4 hours ago, Updated 4 hours ago The New York Stock Exchange opened slightly lower on Friday. SPENCER PLATT / AFP The New York Stock Exchange opened slightly lower on Friday, attempting a timid rebound after three sessions of decline, in the absence of major macroeconomic news in the … Read more

New York Stock Exchange Opens Lower Amid Global Economic Concerns and Rising Oil Prices

New York Stock Exchange Opens Lower Amid Global Economic Concerns and Rising Oil Prices

By Le Figaro with AFP Posted 1 minute ago, Just updated The New York Stock Exchange opened lower on Wednesday. MICHAEL M. SANTIAGO / AFP The New York Stock Exchange opened lower on Wednesday, still concerned about global economic conditions and the specter of a return to high inflation with soaring oil prices. In early … Read more

Arm Aims for $52 Billion Valuation with New York IPO

Arm Aims for  Billion Valuation with New York IPO

By Le Figaro with AFP Posted 8 minutes ago, Just updated The British company Arm, a subsidiary of the Japanese SoftBank, is a world reference in semiconductors manufactured under license for the global smartphone market. DADO RUVIC / REUTERS British microprocessor champion Arm, a subsidiary of Japan’s SoftBank, is aiming for a valuation of up … Read more