Austerity
Supreme Court returns luxury vehicles after controversy
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The Supreme Court of Justice of the Nation acquired nine armored Jeep Grand Cherokee vehicles for about two million pesos each, but returned them after President Claudia Sheinbaum's intervention. This incident highlights the contradiction between the Fourth Transformation's austerity rhetoric and privileged practices in the Judiciary. The purchase took place amid economic inequality and widespread poverty in Mexico.
Prime Minister Mostafa Madbouly announced on Monday that Egypt will raise the national minimum wage and implement government spending cuts to mitigate the domestic economic impact of regional military escalation. The decisions came during a meeting of the Central Crisis Management Committee, chaired by Madbouly, to monitor repercussions from US-Israeli operations in Iran and broader regional developments.
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Grassroots organisations from across South Africa are set to gather at St George’s Cathedral from 23 to 25 February for the People’s Assembly on Unemployment, Austerity and the Fight for Decent Work. Convened by the Assembly of the Unemployed and Cry of the Xcluded, the event precedes a national budget expected to deepen austerity measures. It contrasts with an upcoming elite conference on the same topic hosted by News24 and opened by President Cyril Ramaphosa.