Economy

By Judith Mora London, Jan 31 (EFE).- On the fourth anniversary of Brexit, a group of Britons who dream of returning to the European Union demonstrated Wednesday in front of Parliament in London, many holding banners that read «Brexit, was it worth it?» Waving European Union and British flags, with...

Buenos Aires, Jan 31 (EFE) – The Argentine government said on Wednesday that it will challenge the ruling by an appeals court that declared that the labor reform included by President Javier Milei in the Decree of Necessity and Urgency is «constitutionally invalid.» «We will appeal to all of the...

Kyiv, Jan 31 (EFE).- Ukraine’s military intelligence unit on Wednesday claimed responsibility for the cyberattack against Russia that on Tuesday took down a server used by Moscow’s defense ministry. “On January 30, 2024, as a result of a cyberattack, the server of the Ministry of Defense of the aggressor state...

By Carlos Meneses São Paulo, Brazil, Jan 20 (EFE).- The wealth of Brazil’s elite is growing three times faster than that of the general population. Such a surge has not been seen since the military dictatorship (1964-1985) and defies President Luiz Inácio Lula da Silva’s goal of fighting inequality. Brazil...

Washington, Jan 18 (EFE).- The United States Congress on Thursday approved a stopgap budget extension, avoiding a partial government shutdown a day before funding was set to expire. House Budget Committee Chairman Jodey Arrington (C-R) is seen in a mirror speaking to reporters following a debt commission markup inside the...

Davos, Switzerland, Jan 16 (EFE).- Spain is playing a leading role in the field of artificial intelligence (AI), Google’s director for global affairs told Efe in an interview on Tuesday. Google’s Cyber Security Engineering Center (GSEC) in Malaga and coding and research work being done in Madrid and Barcelona, as...

Tokyo, Jan 17 (EFE).- Fast Retailing, parent company of the Japanese casual wear retailer Uniqlo, is suing Chinese fast fashion company Shein for allegedly copying its most popular bag. The Japanese company filed the suit against Shein Japan, Roadget Business and Fashion Choice (the latter two linked to the first)...

Davos, Switzerland, Jan 16 (EFE). – Chinese Premier Li Qiang called on Tuesday for greater multilateral coordination on macroeconomic policies, international cooperation on green development, and better North-South cooperation at the World Economic Forum 2024 Annual Meeting in Davos. In his speech at the annual meeting in Switzerland, Li asserted...

Brussels, Jan 15 (EFE).- European Commissioner for Economy Paolo Gentiloni called on Monday to monitor Houthi attacks on the Red Sea, as they may begin to impact the European economy, particularly energy prices and inflation. Speaking to the press upon his arrival at the Eurogroup meeting, Gentiloni noted the «increasing...

London, Jan 15 (EFE).- The wealth of the world’s five richest men has more than doubled since 2020, while almost 5 billion people have lost money, said a report on inequality released by the non-governmental organization Oxfam on Monday. The CEO of the French luxury group Louis Vuitton Moët Hennessy...

Sana’a, Jan 13 (EFE). – The United States launched a new bombing campaign on Saturday against a military base of Yemen’s Houthi rebels in the port city of Al Hudaydah. The US bombed insurgent positions for the second consecutive day in response to their attacks in the Red Sea, witnesses...

Tokyo, Jan 12 (EFE).- The Japanese company Mitsubishi Heavy Industries on Friday launched an information-gathering satellite, Optical-8, into orbit using its H-II A rocket. The rocket took off from the Japanese aerospace center of Tanegashima at 1:44 pm local time (4:48 GMT), the company said in a statement. Mitsubishi Heavy...