Economy
Colombo, Dec 20 (EFE).- The World Bank said on Wednesday that it released a second tranche of $250 million in aid for Sri Lanka’s economic reforms following a severe crisis. The World Bank pledged $500 million in budgetary support and released its first tranche in June to help the island...
Sydney, Australia, Dec 20 (EFE).- A court in Australia on Wednesday ordered accommodation provider Airbnb to pay a AUD15 million ($10.2 million) fine for deceiving about 63,000 customers in the country by putting prices in US dollars without specifying that it was doing so. Airbnb Ireland, which operates the website...
Tokyo, Dec 20 (EFE).- Japanese automaker Daihatsu Motor, a subsidiary of Toyota, announced on Wednesday the suspension of shipments within the country and overseas after irregularities were detected in safety tests of many of its models. The company has taken this measure after receiving the results of an independent investigation...
By Paloma Almoguera Iskandar Puteri, Malaysia, Dec 19 (EFE).- Rising from the trees just after crossing the strait between Singapore and Malaysia, Forest City is an imposing sight, the tall apartment blocks clashing with the surrounding landscape. These homes are part of the most ambitious foreign project in the country...
New Delhi, Dec 19 (EFE).- The International Monetary Fund (IMF) warned on Tuesday of a possible «excessive» intervention in the foreign exchange market by New Delhi to favor the Indian rupee, a criticism that the Reserve Bank of India (RBI, or central bank) considered unjustified and selective. According to an...
Guillermo Ximenis Madrid, Dec 18 (EFE). – Attacks on commercial vessels in the Red Sea have prompted some of the world’s largest shipping companies to suspend operations in the area, disrupting the global supply chain and threatening to affect oil and gas importing countries. Mediterranean Shipping Company (MSC), the world’s...
Sanaa/Cairo, Dec 15 (EFE).- A series of attacks launched from Yemen territory on Friday, on top of those carried out in recent days, have sparked an escalation that has put global trade in the vital Red Sea-Arabian Sea route on red alert as Yemeni Houthis seek to prevent any Israeli...
Buenos Aires, Dec 14 (EFE). – The Argentine government warned Thursday that security forces will no longer allow road, highway or company blockades as a form of social or union protest. «The streets will not be occupied. We will organize the country so that the people can live in peace,»...
Paris, Dec 14 (EFE).- Thirteen of the 45 journalists killed worldwide in connection with their work in 2023 were in the Gaza Strip since the start of the Israel-Hamas war on Oct. 7, the nonprofit Reporters Without Borders (RSF) said Thursday. In its annual report on journalists persecuted for their...
Natalia Kidd Buenos Aires, Dec 13 (EFE). – Argentina reacted on Wednesday to the first «shock» measures announced by the government of Javier Milei with calm in the alternative currency markets following the sudden 50% devaluation of the official exchange rate, and with steep price increases in supermarkets and gas...
Washington, Dec. 13 (EFE).- The United States Federal Reserve announced Wednesday a new pause in raising interest rates, the third consecutive pause after the eleven increases it has made since March 2022. The US central bank decided to keep interest rates at their current range of 5.25% to 5.5%, the...
Sydney, Australia, Dec 13 (EFE).- The Australian government announced Wednesday a reduction in the budget deficit amid high living costs and forecasts of moderate economic growth. The projected deficit for this fiscal year – which runs from July 1 to June 30, 2024 – is AUD 1.1 billion ($721 million),...
