Economy

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),...

Dhaka, Dec 13 (EFE).- The International Monetary Fund (IMF) has agreed to disburse $681 million for Bangladesh in the second tranche of a $4.7 billion loan package as a much-needed economic relief for the South Asian country. The decision was taken on Tuesday in Washington when the IMF Executive Board...

Buenos Aires, 12 Dec (EFE). – Argentina has announced an economic package centered on a sharp reduction in government spending to achieve fiscal balance and nip in the bud the money printing that is the cause of Argentina’s high inflation, according to the new government’s diagnosis. Economy Minister Luis Caputo,...

Washington, Dec 12 (EFE). – The inflation rate in the United States has continued to slow down and stood at 3.1% year-on-year in November, according to data published on Tuesday by the Office of Labor Statistics (BLS). On a monthly basis, consumer prices rose just 0.1% from October, mainly due...

Sydney, Australia, Dec 12 (EFE).- Australia announced Tuesday that China had lifted the restrictions imposed on imports of meat products from three major Australian slaughterhouses. “This is another positive step towards the stabilization of our relationship with China,” Australian Trade Minister Don Farrell said in a statement. China suspended meat...

Beirut/Amman, Dec 11 (EFE).- A general strike was held in Lebanon and Jordan on Monday to demand an “immediate” ceasefire in Gaza, where more than 18,000 Palestinians have died since Oct. 7. Palestinians in East Jerusalem and the West Bank also joined the strike, which was called by the Palestinian...

Buenos Aires, Dec. 10 (EFE) – The new president of Argentina, libertarian Javier Milei, gave his first address as head of state on Sunday, anticipating a tough adjustment and «stagflation» for several months, but promising that it would be the «last bitter pill to swallow» before the «reconstruction» of the...

Los Angeles, US, Dec 7 (EFE).- “Barbie” and “Oppenheimer” were among the 10 best movies of 2023, according to the American Film Institute (AFI) in its annual awards on Thursday. (L-R) Cast members Matt Damon, Emily Blunt, Cillian Murphy, and Florence Pugh attend the UK premiere of Oppenheimer in central...

Helsinki, Dec 7 (EFE) – The Finnish Transport Workers’ Union (AKT) announced on Thursday its «full support» for the strike that Swedish mechanics have been maintaining since the end of October against the American electric car manufacturer Tesla. The Finnish union decided on Thursday to join the strike and declared...

Beijing, Dec 7 (EFE).- The European Union and China should manage their differences “responsibly” when conflicting interests arise, European Commission President Ursula von der Leyen told Chinese President Xi Jinping on Thursday. “China is the EU’s most important trading partner,” von der Leyen said after meeting Xi in the Chinese...

Rio de Janeiro, Dec 6 (EFE).- Foreign ministers of the Southern Common Market (Mercosur) on Wednesday sought to maintain the possibility of reaching an agreement with the European Union after the latest setback in negotiations, while Paraguay expressed concern over the lack of progress and Argentina reluctance as it prepares...