Russia strikes Turkish-owned bulk vessel off Ukraine’s southern coast
A bulk carrier struck during a Russian attack on Ukraine’s southern coast on Friday is owned by a Turkish company, a source familiar with the incide...
Los Angeles businesses report significant losses as immigration raids prompt many workers and customers to stay home, raising concerns over broader economic effects.
At Los Angeles' central fresh produce market, normally busy with suppliers and small businesses, activity has slowed significantly following a series of immigration raids by U.S. Immigration and Customs Enforcement (ICE).
Juan Ibarra, who operates a fruit and vegetable outlet, reported that many of his regular customers — including street vendors and restaurant workers — have not returned since the enforcement actions began. “It’s almost COVID-like. People are scared. We can only last so long like this,” Ibarra said.
The decline in foot traffic has resulted in significant financial losses. Ibarra, who typically earns about $2,000 a day, now reports daily revenues of around $300. He has also been forced to dispose of unsold produce due to decreased demand.
Other business owners in Los Angeles and across California have experienced similar challenges. According to the American Immigration Council, approximately one-third of California’s workforce is made up of immigrants, while 40% of entrepreneurs in the state are foreign-born.
The Trump administration, in response to concerns about economic consequences, has recently instructed ICE to pause enforcement actions targeting farms, restaurants, and hotels. However, some business owners report that the damage has already been done.
Pedro Jimenez, who has run a Mexican restaurant in Los Angeles for 24 years, said weekly revenues have fallen by approximately $7,000. “This is really hurting everybody’s business,” he said.
Protests have also taken place in response to the enforcement actions. In reaction, National Guard troops and U.S. Marines have been deployed to Los Angeles. A White House spokesperson stated that protests were contributing to business disruptions, while local officials expressed concerns about the federal response.
Andrew Selee, president of the Migration Policy Institute, noted that the recent focus on workplace raids marks a shift from earlier policies that primarily targeted individuals with criminal records. “The more immigration enforcement is broad rather than targeted, the more it disrupts the American economy,” he said.
Some workers have chosen to stay home to avoid possible encounters with enforcement officials. Luis, a Guatemalan street vendor, said he has been limiting his activities. “I have to work to survive, but the rest of the time I stay inside,” he said.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
Iran's President Massoud Pezeshkian has begun a two day visit to Kazakhstan, with officials from both sides describing the trip as an opportunity to advance cooperation in trade, transport, industry, mining and cultural exchanges.
China’s Ministry of Foreign Affairs has urged Afghanistan and Pakistan to resolve their tensions through dialogue and engagement, as it pledged to work with the international community to help improve relations between the two countries.
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75% following its two-day policy meeting, according to an official statement issued on Wednesday, 10 December.
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
U.S. industrial production rose by 0.1% in September, rebounding after a decline in August, while capacity utilisation remained unchanged, according to Federal Reserve data on Wednesday.
Google’s YouTube has announced a “disappointing update” for millions of Australian users and creators, confirming it will comply with the country’s world-first ban on social media access for under-16s by locking affected users out of their accounts within days.
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