Tag: unemployment
French trade union federations are deciding on their next major mobilisation!
THE FRENCH trade union federations were meeting on Thursday to decide their next mobilisations after MPs in the National Assemby on June 8 failed...
Capitalism has reached the end of the road – it’s...
THE economic and political crisis gripping capitalism is causing despair and despondency amongst the bourgeoisie and its media representatives at the highest levels. This week,...
Tories tearing themselves apart – time for a general strike to...
THE political crisis tearing the Tory government apart has assumed epic proportions over the release of Boris Johnson’s WhatsApp messages and private notebooks to...
Biden contemplates unilateral action against the US debt mountain and organising...
PRESIDENT Biden on Sunday, speaking in Hiroshima, the scene of a US-UK atom bombing, was forced to address the US banking crisis and whether...
June 6–fourteenth national pension strike in France – as German food...
TUESDAY June 6 is scheduled, at the call of the national inter-union, which will be the fourteenth day of national strike in France against...
2.3m workers and youth marched all over France on May Day
FRENCH union federation Force Ouvriere congratulated workers for their May Day action. It said: ‘2.3 million young people, employees and retirees marched all over France,...
US debt crisis will crash Wall Street and plunge the US...
THE US economy, the largest and most powerful capitalist economy in the world, is in the grip of a crisis that will plunge America...
Bank crisis spreads while US government faces running out of money...
THE BANKING crash has continued, with First Republic being the third US bank to collapse within three months. First Republic was taken over by the...
Deal Macron’s pension plans a massive blow this May Day! –...
FRENCH trade union federation the CGT is calling ‘on the entire world of work to make May Day a powerful day of demonstration to...
NUMSA to march on President Ramaphosa’s office
THE National Union of Metalworkers of South Africa (NUMSA) will march on Wednesday, April 19th to President Cyril Ramaphosa’s office to protest against security...
World bankers are in charge as the IMF justifies turning the...
THE INTERNATIONAL Monetary Fund (IMF) made a wildly optimistic prediction yesterday that soaring UK inflation would become nothing more than a historical blip in...
Airports across France cancel flights as strike wave continues!
Many flights operating out of French airports like Paris-Orly, Toulouse, Nantes were cancelled over the weekend due to ongoing strike action by air traffic...
FRANCE: Biggest rallies in living memory
FRANCE’S small and mid-size towns have been at the forefront of the battle against President Emmanuel Macron’s contentious pension reform – in some places...
‘The West is trying to bring down the Russian financial system’...
THE WEST tried to hit Russian citizens themselves with sanctions, Russian Prime Minister Mikhail Mishustin said on Thursday in his annual government report to...
Credit Suisse sold at knockdown price in last ditch attempt to...
THE CAPITALIST world banking system hurtled even deeper into a massive crash this weekend when the central banks of Europe, UK and US forced...
Banking crash spreads like wildfire through capitalist financial world
LAST Friday, the US Silicon Valley Bank (SVB) was forced to close down and had its assets seized by the US Federal Reserve following...
Greece Erupts As 200,000 Workers March In Athens!
THE VOLCANO of people’s rage which was building up its fury over the last few months, erupted in Greece on Wednesday in an unprecedented...
Power cuts and 43% unemployment dominate SA State of the Nation...
THE following is a statement by COSATU: ‘DESPITE three vacancies in the executive and a deputy president who wants out, South Africa’s President Cyril Ramaphosa...
Central banks cutting off ‘free money’ means a world economic...
NOT EVERY bourgeois economic commentator has swallowed the upbeat line peddled by central bankers that capitalism has weathered the storm of its economic crisis...
Bank of England trapped by inflation crisis – socialism the only...
THE BANK of England is due to meet this week to announce an increase in interest rates, with ‘experts’ predicting an increase of 0.5%...
South African health unions demonstrate in Pretoria for more hospital doctors
SOUTH African health unions demonstrated outside the Health Ministry in Pretoria on Friday demanding that the ANC government increase the health care budget and...
Four million children growing up in poverty! – ‘Heart-breaking & wrong’...
‘IT’S HEART-breaking and wrong’ that a million children under 4 are growing up in poverty, says the Joseph Rowntree Foundation (JRF) charity. Almost 3 in...
‘Return retirement age to 60’ says French CGT union
‘WHILE more than 2 million of us took to the streets on January 19th, a new day of inter-union mobilisation is scheduled for Tuesday...
TUC attempting to dump the fight against Tory anti-union laws!
IN advance of the national ‘protect the right to strike’ day of demonstrations on Wednesday 1st February the TUC has published a statement headed...
South African trade unions battle inflation as food prices rise by...
SAFTU – the South African Federation of Trade Unions – notes the stubborn inflation which remains high above 7%, and averaged 7,2% in December...
‘March with UCLH nurses to Downing Street today’ – urges Homerton...
OVER 2,000 trade unionists, workers and youth joined an emergency 6.00pm demonstration called by the trade unions in Whitehall opposite Downing Street on Monday...
The Tories are planning to smash the trade unions – To...
THE General Council of the TUC is set to meet on Tuesday, in a meeting that has been kept a secret, lest large numbers...
Latest IMF warning that 2023 is year of world recession –...
THE HEAD of the International Monetary Fund (IMF), Kristalina Georgieva, has delivered a stark New Year warning that a third of the world economy...
2023 – Will be the year for World Socialist Revolution! –...
THE News Line Editorial Board sends revolutionary greetings for 2023 to all our readers, and to the working class, youth and the poor, who...
Bankers raise interest rates to deepen the slump, and make...
THE Bank of England has raised UK interest rates to their highest level for 14 years as it battles to stem soaring prices, by...
Meet Tory preparations to fight it out with working class by...
30 MILLION people in Britain will be unable to afford a decent standard of living in the coming year according to a study published...
SAFTU calls for President Ramaphosa’s immediate resignation
AGAINST a background of rolling blackouts, rising poverty and an out-of-control cost of living crisis, the South African government of Cyril Ramaphosa now faces...
Israeli army West Bank killing spree – 3 shot dead yesterday
The Israeli occupation forces shot and killed three Palestinians in the occupied West Bank yesterday (Tuesday) morning, one in Beit Ummar in the south...
Sunak pledges limitless billions of pounds to prolong war on Russia...
TORY prime minister Rishi Sunak, in his first major policy speech last night, pledged to maintain and even increase military aid to Ukraine to...
SAFTU condemns interest rates hike as postal workers strike for 15%...
The South African Federation of Trade Unions (SAFTU) on Friday condemned the South African Reserve Bank (SARB)’s Monetary Policy Committee (MPC) hiking of the...
53rd Anniversary of News Line – 82nd Anniversary of Trotsky’s assassination
FIRST speaker at the News Line Anniversary Rally on Saturday was Bill Rogers, ASLEF Chingford Branch Chairman, who said: ‘This rally is being held...
Super Inflation, The Result Of US–UK Intervention Into The Ukraine War,...
AS THE US and the UK continue to fuel and arm the war in the Ukraine, the economic outlook for Europe and the EU...
CGT national strike over wages and retirement at 60
STRIKES and demonstrations took place across France on Thursday, with the CGT union federation declaring: ‘November 10 for wages and retirement at age 60.’ ‘For...
UK capitalism is in its death agony – It is time...
THE Bank of England yesterday raised interest rates by the most in 33 years from 2.25% to 3%, and accompanied its action with a...
Bank Raised Rates To 3% Predicts 2-Year Slump & Double Unemployment
THE Bank of England has warned the UK is facing its longest recession since records began, as it raised interest rates by the most...
US workers join unions at Amazon-Starbucks & museums – as 63%...
Workers at a combined Starbucks and Amazon store in Times Square filed a petition for union recognition last Friday, saying they’re being required to...
SA government says that ‘austerity is a necessary pain for the...
IN THE much-anticipated medium term budget policy statement (MTBPS), the Minister of Finance, Enoch Godongwana, will, like his counterparts at the South African Reserve...
Nablus under siege for two weeks!
A DELEGATION of five ministers from the Palestinian cabinet visited the northern West Bank city of Nablus on Monday to investigate the ongoing Israeli...
Uprising In Tunisian Capital Against Kais Saied Coup
Protesters clashed with police in the Tunisian capital of Tunis on Saturday, October 15, for the second night running. Riot police fired tear gas to...
The Tory Party is blowing apart! TUC must call a general...
Liz Truss was only installed as Prime Minister little more than 4 weeks ago but yesterday a senior Tory minister, Foreign Secretary James Cleverly,...