Economy
Beijing, May 17 (EFE).- China announced on Sunday that it has together with the United States committed, in principle, to reduce tariffs on products of equal relevance to both parties, while confirming the purchase of US aircraft, during US President Donald Trump’s recent state visit to Beijing. The Chinese Ministry...
Washington (EFE).- Economist Jerome Powell stepped down on Friday as chairman of the United States Federal Reserve (Fed) after an eight-year tenure marked by the ravages of COVID-19, the subsequent high inflation, and the pressure exerted by US President Donald Trump (the person who originally nominated him) to influence monetary...
Washington (EFE).- Economist Kevin Warsh became the new Chairman of the United States Federal Reserve on Wednesday after the Senate approved his nomination to lead the central bank of the world’s largest economy with a vote of 54 to 45. Party discipline held tight, with the sole exception of Democratic...
By Henry Chirinos Maracaibo, Venezuela (EFE).- Just as Venezuela attempts to lure foreign investment with the promise of a new economic era to recover key sectors, electricity rationing offers no respite in regions like Zulia (bordering Colombia in the northwest) increasing skepticism about the possibility of overcoming years of infrastructure...
Panama City (EFE).- The Secretary-General of the International Maritime Organization (IMO) Panamanian Arsenio Domínguez affirmed on Thursday that around 20,000 crew members and 1,500 ships are «trapped» in the Persian Gulf due to the crisis in the Middle East, which has placed the maritime industry in difficult circumstances. “Right now,...
Paris (EFE).- Agreements are meant to be kept. The aforementioned message was delivered by the European Commissioner for Trade, Maroš Šefčovič, to the United States Trade Representative, James Greer, in Paris on Tuesday, in response to US President Donald Trump’s threat to impose a 25% tariff on European vehicles. «A...
By Javier Picazo Feliú Madrid, May 2 (EFE).- Diablo IV hit the market in Jun. 2023 and became a genuine phenomenon. It quickly became the fastest-selling game in Blizzard’s history, with 10 million copies sold in its first days and revenue exceeding 1 billion dollars. After years of requests from...
Nicosia (EFE).- European Union leaders called on Friday for the deployment of more «specific» measures to alleviate the impact of the Middle East war and the closure of the Strait of Hormuz on energy prices. This is particularly urgent given the rebound in oil prices, which threatens to pose supply...
Washington (EFE).- The candidate nominated by United States President Donald Trump to chair the Federal Reserve, Kevin Warsh, pledged on Tuesday to safeguard the institution’s autonomy regarding interest rates during a contentious Senate confirmation hearing. «Monetary policy independence is essential,» Warsh told the Senate Banking Committee in his opening statement,...
Washington (EFE).- Since the naval blockade of Iran’s coasts began, the United States Navy has prevented some 27 ships from navigating, according to the US Central Command (CENTCOM). Washington maintains the blockade amid ongoing negotiations for a peace agreement with Tehran. «Since the commencement of the blockade against ships entering...
Washington (EFE).- The International Monetary Fund (IMF) and the World Bank (WB) kicked off their spring meetings on Monday with the complex task of projecting the immediate global future amid the uncertain outcome of the US-Israel war against Iran, after a month and a half with the Strait of Hormuz...
Bogotá, Apr 10 (EFE).- Colombia will raise tariffs on Ecuadorian imports from 30% to 100% in response to its neighbor’s decision to increase the “security tax” imposed by President Daniel Noboa’s administration from 50% to 100%, marking a new escalation in the trade war between the two countries. Colombia’s Minister...
