Economy
Natalia Kidd Buenos Aires, Oct 12 (EFE).- Inflation in Argentina continued to grow at a double-digit monthly rate in September, reaching 138.3% year-on-year, its highest level in three decades—a turbulent economic scenario on the eve of the presidential elections on October 22. According to the National Institute of Statistics and...
New Delhi, Oct 12 (EFE).- Indian billionaire Mukesh Ambani, of the Reliance conglomerate, regained the position as India’s richest man with an estimated fortune of $92 billion, according to the Forbes list. Ambani’s return to the top is driven in part by the fall in the fortune of his rival...
Washington, Oct 11 (EFE).- A strike by the leading US automobile workers’ union spread to Ford’s largest and most profitable assembly plant in the country on Wednesday. Members of the United Auto Workers union (UAW) gather in front of the Ford Michigan Assembly Plant during the first day of a...
San Salvador, Oct 11 (EFE).- El Salvador’s Foreign Ministry has declared a $500 million agreement between Google and President Nayib Bukele’s government secret for seven years, according to an Access to Public Information (UAIP) resolution obtained by EFE. The document, dated October 5, was included in the reply to a...
Washington, October 11 (EFE).- The majority of the Federal Open Market Committee of the United States Federal Reserve (Fed) estimated in its last meeting that another increase in interest rates may be necessary before the end of the year. The US central bank published on Wednesday the minutes of its...
New York, Oct 10 (EFE) – The New York fraud and money laundering trial against FTX founder, Sam Bankman-Fried (SBF), featured on Tuesday the prosecution’s star witness, SBF’s ex-partner and right-hand woman Caroline Ellison, who claimed that the businessman ordered her to «commit these crimes». Ellison, 28, was called to...
Buenos Aires, Oct 10 (EFE). – The «blue» dollar broke a new historical record in Argentina on Tuesday, surpassing the 1,000 pesos per unit barrier, opening a gap close of 190% difference with the official exchange rate, amid the country’s unstable macroeconomic situation and pre-election uncertainty. The «blue» dollar, to...
Beijing, Oct 10 (EFE).- Chinese Commerce Minister Wang Wentao has asked the United States to «precisely» define its concept of national security and avoid «politicizing and instrumentalizing it» to restrict its investments and trade with Chinese companies. Wang met the bipartisan delegation of the US Senate led by Majority Leader...
Paris, Oct 10 (EFE).- Global natural gas demand has eased amid declining consumption in mature markets, especially Europe, according to the International Energy Agency (IEA), which expects the sector to hit peak consumption by the end of this decade. In its Gas 2023 Medium-Term Market Report published on Tuesday, the...
Vienna/Riyadh, Oct 9 (EFE).- The Organization of the Petroleum Exporting Countries (OPEC) said on Monday that the world oil industry would require investments of $14 trillion by 2045 and that an eventual lack of these capital flows could lead to chaos in the market. “The upshot is there is no...
Washington, Oct 6 (EFE).- Job creation in the United States has surprisingly reached its highest rate in eight months, as 336,000 new non-farm jobs were added to the labor market in September, according to data released on Friday. It is the most significant job creation since January 2023 and is...
Singapore, Oct 5 (EFE).- Owning a car in Singapore, one of the world’s wealthiest places, has become even more expensive, after the price for a certificate for a family-size car soared to a new record of over 100,000 dollars. The island’s population’s aspiration for the five «C’s» – condo, car,...
