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☆ A nationwide strike in Argentina poses major test to Milei’s economic ‘shock therapy’
▼ + stars: | 2024-01-24 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Argentina's largest labor union grouping on Wednesday is expected to hold a nationwide general strike to protest President Javier Milei's shock economic agenda. The strike represents a significant test for Milei, who has announced sweeping measures to deregulate Latin America's third-largest economy. "The general strike is more of a political test for the labour unions than for Milei," Jimena Blanco, head of Americas at risk consultancy Verisk Maplecroft, told CNBC via email. "Regardless of attendance, the strike caters to the unions' own support base and, at this stage, is not representative of wider social sentiment. However, it has the potential to grow in the future as the impacts of the economic shock plan become palpable."

Persons: Javier Milei, Javier Milei's, del Trabajo, Jimena Blanco, Verisk Maplecroft Organizations: Economic, Analysts, CNBC Locations: Davos, Switzerland, Argentina, Americas

CNN —Argentina’s labor unions began a nationwide general strike on Wednesday against austerity measures and reforms by the country’s libertarian President Javier Milei. Thousands of people marched toward Congress in the capital of Buenos Aires on Wednesday amid the strike, which began at 10 a.m. “This is not the Argentina that I want for my grandchildren or for the future of Argentina. The strike has led to transport disruptions with flag carrier Aerolíneas Argentinas saying that it canceled all its operations on Wednesday. He famously brandished a chainsaw at several of his rallies as an illustration of his plans to slash public spending.

Persons: Javier Milei, Milei, ”, Español Organizations: CNN, of Labor, CGT, Milei, Ministry, Security Locations: Buenos Aires, Argentina

Labor union leaders said Thursday they are paying close attention to what the libertarian president-elect says and what they are hearing is in opposition to their interests. “In the moment they move forward with reforms related to labor rights, both individual and collective, and when the labor organizations affected by these adjustments request it, the CGT will take a stance,” Dear said. “We expect absolutely nothing from Javier Milei.”Catalano was one of the representatives of labor unions and social organizations who joined the Mothers of Plaza de Mayo in their weekly march in downtown Buenos Aires Thursday. There’s also concern among human rights organizations about a potential setback in policies that allowed for the prosecution of perpetrators of crimes against humanity during the dictatorship. Leaders of leftist social organizations also held a meeting Thursday to discuss their response to Milei’s policies and “a plan for struggle against austerity” that will involve street protests.

Persons: Javier Milei, ” Héctor, Pablo Biró, Milei, ”, ” Daniel Catalano, ” Catalano, There’s, “ it’s, Nicolás Saldías, ” Sadias, —, Débora Rey Organizations: Labor, Confederation, Airline Pilots Association, Aerolineas Argentinas, Milei, State Workers ’ Association, de Mayo, Economist Intelligence, Latin, Associated Press Locations: BUENOS AIRES, Argentina, “, Buenos Aires, Latin America, Caribbean, ” Argentina

Snowballs of Paris 2024 Olympics and a miniature of the Eiffel Tower are displayed at the official store during the Paralympic Day at Place de la Republique, Paris, France October 8, 2023. "If we don't have commitments at the beginning of 2024, then in January, February, March, April, we will take action," CGT union representative Celine Verzeletti told Reuters. The French government and the Paris 2024 organising committee did not immediately reply to a Reuters request for comment. France's Alliance police union this week gave the government a Dec. 31 deadline to respond to its demands. State-owned transport operator RATP has also started talks with workers, offering daily extra payments of 15 euros, according to French media reports.

Persons: Sarah Meyssonnier, Celine Verzeletti, Stanislas Guerini, Verzeletti, Emmanuel Macron's, David Leyraud, Tassilo Hummel, Toby Davis Organizations: Eiffel, Republique, REUTERS, Rights, CGT, Reuters, Labour, Games, Paris, France's Alliance police, Alliance, France, HP, State, Thomson Locations: Paris, France

☆ French asylum-claims workers strike over new immigration law, workload
▼ + stars: | 2023-11-14 | by ( Layli Foroudi | ) www.reuters.com time to read: +2 min

People attend a demonstration before the start of debate on an immigration bill at the French Senate in Paris, France, November 6, 2023. The placard reads "No to the asylum and immigration law. Workers at OFPRA rarely go on strike and the last time they did so was in 2018, to oppose a law on immigration that was being passed. Regarding asylum claims, an amendment was adopted by lawmakers in the Senate, proposing the creation of kiosks in police stations at a local level, with the intention of speeding up asylum claims. The CGT estimated that around a quarter of OFPRA workers took part in Tuesday's strike.

Persons: Claudia Greco, Sabine Trapateau, Anouk Lerais, Layli, Bernadette Baum Organizations: French, Rights, CGT, OFPRA, Workers, Thomson Locations: Paris, France, OFPRA

☆ Argentina's Peronists seek rebirth from ashes of economic crisis
▼ + stars: | 2023-11-14 | by ( Nicolás Misculin | ) www.reuters.com time to read: +5 min

Argentina's main political force for decades, the ruling Peronists only months ago looked down and out. It has a new front-man, Sergio Massa, who is in a tight race to win Sunday's presidential election run-off with anti-establishment outsider Javier Milei. "If Massa wins, he will build a different leadership. PERONISM: LEFT OR RIGHT? "If Massa wins, he will have to betray CFK (Kirchner): in Peronism there is no room for two commanders," said political analyst Andres Malamud.

Persons: Sergio Massa, Agustin Marcarian, Long, Juan Peron, Evita, Javier Milei, Cristina Fernandez de Kirchner, Kirchner, Alberto Fernandez, Massa, Santiago Cafiero, Fernandez, he's, Milei, Ignacio Avalos, Julia Saggini, CFK, Andres Malamud, Nicolas Misculin, Candelaria Grimberg, Lucila Sigal, Adam Jourdan, Rosalba O'Brien Organizations: CGT, of Labor, REUTERS, Voters, Peronist, Economy, Argentine, Reuters, Massa, Thomson Locations: Buenos Aires, BUENOS AIRES, Bolivia, Cuba, United States, Peronism

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, BJ's, Ferrari, Disney, Birkenstock & more
▼ + stars: | 2023-11-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: KBW upgrades Bank of America to market perform from underperform KBW upgraded the banking giant with long-term rates declining. Bank of America downgrades Paramount to underperform from buy Bank of America said the backdrop is too challenging for the media stock. Bank of America reiterates Nvidia as buy Bank of America said it's bullish on the stock heading into earnings later this month. Goldman Sachs initiates Birkenstock as buy Goldman initiated the shoe company with a buy and said Birkenstock shares are compelling. Bank of America reiterates Apple as neutral Bank of America said it's sticking with its neutral rating on shares of Apple .

Persons: KBW, Mizuho, it's, BILI, Lee jeans, it's bullish, Goldman Sachs, Goldman, EBITDA, Raymond James downgrades Bloomin, Raymond James Organizations: Bank of America, Underperform, Corp, Deutsche Bank, Deutsche, Mizuho, TAM, UBS, Amazon, Citi, Disney, " Bank of America, Paramount, Barclays, Nvidia, AMD, Dominion, Biotech, JPMorgan, HSBC, RBC, Apple, of America Locations: China, FY24E, CLX, Russia, Ukraine

☆ Thousands Gather in Paris for First Authorised Pro-Palestinian Demo Since Oct. 7 Hamas Attacks
▼ + stars: | 2023-10-22 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

PARIS (Reuters) - Thousands of people waving Palestinian flags and chanting "Gaza, Paris is with you" gathered on Sunday for the first pro-Palestinian demonstration allowed by police in the French capital since the Oct. 7 Hamas attacks on Israel. Police said that the protest was authorised, unlike others, because the declaration by organisers condemned the Oct. 7 attacks on Israel, which killed 1,400 people. On Thursday, a protest was authorised at the last minute only after a Paris court overturned the police decision to ban it, and in the last few days, other protests have been authorised in cities across France. This came following a ruling by France's highest administrative court stating that pro-Palestinian protests were to be banned on a case-by-case basis, not systematically as an earlier instruction by the French interior minister had suggested. (Reporting by Layli Foroudi; Editing by Nick Macfie)

Persons: Catherine Colonna, Israel, Layli Foroudi, Nick Macfie Organizations: PARIS, Republique, Police, France Palestine Solidarity, French Locations: Gaza, Paris, Israel, France, Cairo

☆ Thousands gather in Paris for first authorised pro-Palestinian demo since Oct. 7 Hamas attacks
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +2 min

[1/5] French labour unions and organisations call for peace and an immediate ceasefire in Gaza during a demonstration at Place de la Republique in Paris, France, October 22, 2023. REUTERS/Benoit Tessier Acquire Licensing RightsPARIS, Oct 22 (Reuters) - Thousands of people waving Palestinian flags and chanting "Gaza, Paris is with you" gathered on Sunday for the first pro-Palestinian demonstration allowed by police in the French capital since the Oct. 7 Hamas attacks on Israel. Police said that the protest was authorised, unlike others, because the declaration by organisers condemned the Oct. 7 attacks on Israel, which killed 1,400 people. On Thursday, a protest was authorised at the last minute only after a Paris court overturned the police decision to ban it, and in the last few days, other protests have been authorised in cities across France. Reporting by Layli Foroudi; Editing by Nick MacfieOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Catherine Colonna, Israel, Layli Foroudi, Nick Macfie Organizations: la Republique, REUTERS, Rights, Republique, Police, France Palestine Solidarity, French, Thomson Locations: Gaza, la, Paris, France, Israel, Cairo

[1/5] Apple France workers on strike holding CGT labour union flags gather in front of the Apple Store near Place de l'Opera during a protest to demand higher pay and better benefits on the day Apple launches its iPhone 15, in Paris, France, September 22, 2023. REUTERS/Abdul Saboor Acquire Licensing RightsPARIS, Sept 22 (Reuters) - Workers at Apple (AAPL.O) stores in France began a nationwide strike over pay and working conditions on Friday in a protest designed to coincide with the launch of the iPhone 15. Staff at an Apple store in Barcelona, where about 250 people were queuing to enter the store on Friday morning, were set to join colleagues in France in protesting. "We have been talking since August to our colleagues on strike in France. In Spain, unlike them, not all the unions have agreed to strike," Paredes said.

Persons: Abdul Saboor, Anais Durel, Tarek, Pablo Paredes, Paredes, Manuel Ausloos, Louise Dalmasso, Horaci Garcia, Corina Pons, Charlottte Van Campenhout, Charlie Devereux, Sharon Singleton Organizations: Apple, REUTERS, Rights, Workers, CGT, Unsa, CFTC, Management, Staff, Paseo de, CNT Apple, Reuters, Thomson Locations: Apple France, Paris, France, Opera, Barcelona, Paseo, Paseo de Gracia, Spain, Madrid

☆ Apple France workers call strike ahead of iPhone 15 launch
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +1 min

[1/2] An Apple logo is pictured outside an Apple store in Lille, France, September 13, 2023. REUTERS/Stephanie Lecocq/File Photo Acquire Licensing RightsPARIS, Sept 20 (Reuters) - Unions at the Apple (AAPL.O) France stores have called for a strike on Friday and Saturday ahead of the iPhone 15 launch, demanding better pay and working conditions. "Management having decided to ignore our perfectly legitimate demands and concerns, the four unions of Apple Retail France ...call for a strike on Sept. 22 and 23," CGT Apple Retail said in a union front statement on social media platform X, formerly Twitter, on Wednesday. CGT Apple Retail union member Karine Chouchane told French daily Liberation that Apple France workers may mobilise in three quarters of Apple's stores in France. Apple France could not immediately be reached for comment.

Persons: Stephanie Lecocq, Paris Opera Garnier, Karine Chouchane, Apple, Geert De Clercq, Louise Heavens Organizations: Apple, REUTERS, Rights, Management, Apple Retail France, Apple Retail, Paris Opera, Thomson Locations: Lille, France, Paris, Liberation, Apple France

☆ The iPhone 15 launch in France could be disrupted after Apple store workers voted to strike on release day
▼ + stars: | 2023-09-20 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Apple store workers in France are set to strike on the same day the tech giant launches the iPhone 15. Workers at France's 20 Apple stores are set to walk out on Friday and Saturday, the same time the company's latest iPhone is due to hit shelves. Apple unveiled the iPhone 15 at its "Wonderlust" event last week. The latest iPhone comes with a range of new features, including a customizable "action button" and a titanium body on the high-end Pro range. Some fans have been unimpressed by the new model, however, with the iPhone 15 being branded "boring" and "underwhelming" by some on social media.

Organizations: Apple, Service, Workers, Apple Retail, CGT, French, Liberation Locations: France, Wall, Silicon, Apple Retail France, Europe

But officially colour-blind France has long refused to acknowledge any racial factor was at play. "From that point on, unions were involved in everything that's co-managed, including the managing of human resources," he told Reuters. But these fines are rare and rights groups say police officers often end up with light sentences, fuelling a sense of impunity. A rise in lethal police shootings over the last few years has been linked to a law reform in 2017, which broadens the circumstances in which an officer can use their firearm. "It is completely vague, and it allows to shoot much more freely," said Caille of the left-wing CGT police union.

Persons: Cedric Mas, Olivier Cahn, that's, " Cahn, Christophe Castaner, Gerald Darmanin, Franck Louvrier, Nicolas Sarkozy, Darmanin, Ravina Shamdasani, Anthony Caille, –, Sebastian Roche, Michel Rose, Angus MacSwan Organizations: Rights, Twitter, Cergy University, Reuters, Socialists, United Nations, Police, CGT Police, of, Society, CGT, Thomson Locations: PARIS, Britain, France, United States, Paris, Moroccan, – France, U.S, Nice

☆ Protesters prepare last-ditch bid to stop French pension overhaul
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +3 min

"Protests have been going on for six months, it's unprecedented," Sophie Binet, the new leader of the hardline CGT union said on BFM TV. "There's a lot of anger but also fatigue," she said, adding that strikers were feeling the pinch on paychecks. Between 400,000 and 600,000 people are expected to turn out at protests across France, authorities said, which would be down from more than a million who took part in marches at the height of the pension protests earlier this year. But unions hope a big protest turnout could pressure lawmakers into reviewing the bill anyway and holding a vote. Opposition lawmakers, meanwhile, say the bill being rejected would revive public anger, branding any such move "antidemocratic".

Persons: Emmanuel Macron's, Sophie Binet, I'm, Jean, Claude Mailly, Macron, Michel Rose, Hugh Lawson Organizations: CGT, Inter, SNCF, Thomson Locations: Macron, France, Paris, Orly

☆ France plans major police presence for June 6 day of protest
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +1 min

In a tweet, French Interior Minister Gerald Darmanin said the extra policing would "ensure the security of the demonstrations and guarantee the right to demonstrate". Macron's reform to raise the retirement age to 64 from 62, has already sparked weeks of protests and strikes. "We are not asking to bring down the government, but to bring down the retirement reform," said Sophie Binet, leader of France's hard-left CGT union, on BFM TV on Sunday. The months-long battle against Macron's push to raise the retirement age has raised the profile and membership of France's unions, which have drawn interest from younger and private sector workers. Reporting by Kate Entringer and Mimosa Spencer; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Emmanuel Macron's, Gerald Darmanin, Sophie Binet, Binet, Kate Entringer, Mimosa Spencer, Barbara Lewis Organizations: French, CGT, Thomson Locations: Paris

☆ Justine Triet: French film director attacks Macron during Palme d'Or acceptance speech
▼ + stars: | 2023-05-28 | by ( Niamh Kennedy | ) edition.cnn.com time to read: +3 min

CNN —French film director Justine Triet condemned what she called French President Emmanuel Macron’s “shocking” repression of the pension reform protests during her Palme d’Or acceptance speech at the Cannes Film Festival on Saturday. “The commodification of culture that the neoliberal government defends is in the process of breaking the French cultural exception,” Triet continued. Triet is just the third woman to win the Palme d’Or, one of cinema’s tpp prizes, after New Zealand’s Jane Campion and France’s Julia Ducournau. “Happy to see the Palme d’Or awarded to Justine Triet, the 10th for France! France’s social unrest has cast a shadow over this year’s instalment of the film festival.

☆ Pension reform defiance brings new blood to French trade unions
▼ + stars: | 2023-05-18 | by ( Leigh Thomas | ) www.reuters.com time to read: +5 min

Interest is growing among younger and private sector workers, where unions tend to be less well represented. Vacheron said that more than 30% of the CGT's recent joiners were under the age of 35 while 70% were coming from the private sector, which traditionally is dominated by the CFDT. "Since the retirement reform is contested by the young and old, public and private sector workers, they see a utility in belonging to unions, unions are attractive," Vacheron said. "Unions are rebuilding themselves from the ground up through recruitment and not only street protests," sociologist Michel Wieviorka said. Labour relations consultant Stephanie Matteudi-Lecocq said that the momentum coming from pension reform pushback could ultimately put unions back on more solid footing in companies.

☆ Cannes Film Festival 2023 kicks off with 'all killer, no filler' line-up
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +4 min

"We have 'Indiana Jones,' we've got Martin Scorsese's new film with Leonardo DiCaprio. Festival director Thierry Fremaux pushed back against criticism that Depp was a controversial choice for an opening-night film, telling Variety magazine the actor had not been banned from working. Other jury members include Brie Larson of "Captain Marvel" and Julia Ducournau, one of two women to win the Palme d'Or. Out of competition, Harrison Ford will return as adventurous archaeologist Indiana Jones, 15 years since the last film in the franchise, in the world premiere of "Indiana Jones and the Dial of Destiny" on Thursday. Festival organizers are concerned the unrest seen during the pension reform protests could also make its way to the festival, said Roxborough.

☆ Cannes director open to letting green activists onto red carpet
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +2 min

CANNES, May 15 (Reuters) - Cannes Film Festival director Thierry Fremaux said on Monday he was open to letting climate demonstrators onto the red carpet, as the showbiz extravaganza prepared to launch amid bursts of activism on both sides of the Atlantic. But the confluence of at least three major protest movements has put unusual pressure on the organisers. "It's not impossible that we will welcome them at the top of the steps to express themselves," he added. It was too early to tell what effect the writer's strike would have on the festival, he said, but the right to strike had to be respected. Reporting by Miranda Murray and Mindy Burrows; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

[1/5] People attend the traditional May Day labour march, a day of mobilisation against the French pension reform law and for social justice, in Nantes, France May 1, 2023. "It will serve to say that we will not move on until this (pension) reform is withdrawn." Macron says the reform is needed to keep one of the industrialised world's most generous pension systems in the black. French pension payments as a share of pre-retirement earnings are comfortably higher than elsewhere and a French man typically spends longer in retirement than those in other OECD nations. But the trade unions say the money can be found elsewhere.

☆ France pension protests explained: France is still mad -- but can the protests last?
▼ + stars: | 2023-05-01 | by ( Joseph Ataman | ) edition.cnn.com time to read: +7 min

In 1995, weeks-long mass protests forced the government of the day to abandon plans to reform public sector pensions. For many in France, the pensions system, as with social support more generally, is viewed as the bedrock of the state’s responsibilities and relationship with its citizens. Nathan Laine/Bloomberg/Getty ImagesIn contrast, during the Yellow Vest protests, started in opposition to hikes in fuel prices, violence gradually soured public support. That these pensions protests continue to hold such popular goodwill is an ominous sign for Macron’s future plans. The size and violence of pensions protests spiked when Macron forced the legislation past the country’s lower legislative house without a vote.

[1/9] A demonstrator throws a tear gas during the traditional May Day labour march, a day of mobilisation against the French pension reform law and for social justice, in Nantes, France May 1, 2023. Sophie Binet, leader of the hardleft CGT union, said the pension reform had left Macron isolated. Macron says the French reform is needed to keep one of the industrialised world's most generous pension systems in the black. French pension payments as a share of pre-retirement earnings are comfortably higher than elsewhere and a French man typically spends longer in retirement than those in other OECD nations. Trade unions say the money can be found elsewhere.

☆ Protesters storm Paris Euronext building in anger over pension law
▼ + stars: | 2023-04-20 | by ( Noemie Olive | ) www.reuters.com time to read: +3 min

REUTERS/Benoit TessierPARIS, April 20 (Reuters) - A group of protesters briefly invaded offices of stockmarket operator Euronext in Paris' La Defense business district on Thursday, saying big companies must pay up to finance pensions, as part of wider protests against a rise in the retirement age. Waving union flags, the group of a few hundred protesters occupied Euronext's lobby, engulfed in red smoke from flares, and chanted words popular with pension protesters: "We are here, we are here, even if Macron does not want it we are here." At the weekend, Macron signed into law the rise in the retirement age which means citizens must work two years longer, to 64, before receiving their state pension. "We'll continue until the (pension law's) withdrawal," protesters shouted in La Defense's central square, standing by a banner that read: "No to the pension reform". Macron himself faced protests on Thursday during his second public outing since signing the bill into law.

Unions - and protesters - will pressure Macron not to promulgate the law, and try to find another way out. The Council's decision is expected late afternoon or early evening, likely after 1600 GMT. It could strike down the bill, but this is something it has rarely done and constitutional experts and government sources see this as unlikely. Political observers say the widespread discontent over the government's reform could have longer-term repercussions, including a possible boost for the far right. "I'm not that optimistic about the Constitutional Council's decision," far-right leader Marine Le Pen, who opposes the pension legislation, said earlier this week.

☆ French pension protesters flood LVMH headquarters in Paris
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +2 min

[1/3] Security members stand in front of the headquarters of luxury retailer Louis Vuitton after a protest action French SNCF workers, members of French CGT and Sud Rail labour unions in Paris as part of the 12th day of nationwide strikes and protests against French government's pension reform, in Paris, France, April 13, 2023. REUTERS/Bart BiesemansPARIS, April 13 (Reuters) - Scores of French workers protesting against pension reforms flooded into the Paris headquarters of luxury group LVMH (LVMH.PA) on Thursday, calling for the rich to contribute more to financing the state pension. France's labour unions have been staging strikes and marches since mid-January in protest against President Emmanuel Macron's plans to raise the legal retirement age. The government says it is necessary to raise the retirement age for most workers to balance the pension budget in years to come. Reporting by Bart Biesemans and Ingrid Melander, writing by Mimosa Spencer; editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

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