Economy

Washington, Jan 11 (EFE). – The United States demanded Thursday that Iran immediately release the oil tanker it captured hours earlier in the Sea of Oman. Iran seized the tanker, which was carrying Iraqi crude to Turkey, on the authority of an Iranian court order in retaliation for the US...

Concepción M. Moreno Buenos Aires, Jan 11 (EFE). – Argentina closed 2023 with an inflation rate of 211.4% year-on-year, the highest since the hyperinflation of 1989-1990, 34 years ago. The National Statistics and Census Institute (Indec) reported that consumer prices rose 25.5% in December, an acceleration of 12.8% from the...

Islamabad, Jan 11 (EFE).- Hundreds of protesters on Thursday continued their sit-in, which has been going on for nearly three months, near the Chaman border crossing between Pakistan and Afghanistan against the government’s new visa policy for traders involved in informal cross-border trade. On Oct. 10, the federal government of...

Washington, Jan 10 (EFE).- The American multinational coffee shop Starbucks was sued on Wednesday by a consumer advocacy group for false advertising, as it claims commitment to ethical sourcing while, allegedly, sourcing coffee and tea from plantations where labor abuses and human rights have been registered. The false advertising lawsuit...

Berlin, Jan 10 (EFE).- Germany’s train drivers began a three-day strike on Wednesday over working hours and pay, causing massive disruptions and impacting millions of passengers, German rail operator Deutsche Bahn (DB) said. “The strike has had a massive impact on train services in Germany,» said Deutsche Bahn spokeswoman Anja...

Caracas, Jan 9 (EFE).- Hundreds of public sector workers protested Tuesday in Caracas and throughout Venezuela against «starvation wages» and demanded a «decent» income that would allow them to cover their basic needs, and denounced «harassment at work.» Health, transportation, and education, among other unions, called for at least three...

Jakarta, Jan 9 (EFE).- Indonesian authorities temporarily suspended the operations of three Boeing 737 Max 9 aircraft from Lion Air after an aircraft of the same model from Alaska Airlines lost part of its fuselage in flight. Following the incident on Friday in the United States, the Indonesian aviation regulator...

Bangkok, Jan 8 (EFE).- Thailand hopes to double the number of Chinese tourists visiting the southeast Asian country this year to 8 million, officials said Monday. Last week Thailand announced that visa requirements would be lifted for Chinese tourists, who will now be able to visit the country for 30...

Tokyo, Jan 7 (EFE).- Flight cancellations continued at Haneda airport in Tokyo on Sunday, affecting more than 200 domestic flights due to runway closure days after the deadly collision of two planes a few days ago. The air traffic disruptions are expected to continue until Monday, while the authorities investigate...

Dhaka, Jan 6 (EFE).- Traffic was thin on the streets as Bangladesh’s main opposition, the Bangladesh Nationalist Party (BNP), and its allies began enforcing a 48-hour strike urging people to refrain from voting in Sunday’s general election. Local television channels showed most of the buses on long-distance routes staying off...

Kathmandu, Jan 4 (EFE).- India signed an agreement on Thursday to buy 10,000 megawatts of energy over the next 10 years from Nepal, in an agreement seen as a way to restore declining relations between the two neighboring countries in the face of Chinese influence over the Himalayan country. The...

Buenos Aires, Jan 3 (EFE).- Argentina’s National Chamber of Appeals for Labor has temporarily suspended the labor reform contained in the Decree of Necessity and Urgency signed by Argentine President Javier Milei on Dec. 20 as part of a broad deregulation of the economy. Judges Andrea García and Alejandro Sudera...