Economy
New Delhi, Aug 3 (EFE).- The Indian government on Thursday announced immediate restrictions on the import of laptops, tablets and personal computers for sale, in an attempt to boost the purchase and local manufacturing of electronic products. «Import of laptops, tablets, all-in-one personal computers and ultra small-form factor computers (…)...
Colombo, Jul 29 (EFE).- France’s President Emmanuel Macron, during a short visit to Sri Lanka, held bilateral discussions with his counterpart, Ranil Wickremesinghe, and pledged assistance to the country’s battered economy, according to official sources Saturday. During the discussions, which took place on Friday, Macron reaffirmed his “willingness” and “commitment”...
By Genesis Carrero Soto Caracas, Jul 28 (EFE) – With pension income of no more than $5 a month and other retirement payouts also woefully insufficient, older adults in Venezuela have been forced to return to the workforce out of pure necessity. If not, they would have no means of...
Moscow, Jul 28 (EFE).- Egypt President Abdelfatah al Sisi on Friday urged Russia to unblock the grain deal that would allow the export of Ukrainian agricultural products through the Black Sea after Moscow withdrew from the agreement last week. A handout photo made available by TASS Host Photo Agency shows...
Seoul, July 28 (EFE).- The North Korean economy contracted 0.2 percent in 2022, its third consecutive year of decline, as the effects of international sanctions and pandemic-induced strict border control measures dragged on. An estimate published on Friday by the Bank of Korea (BoK) in Seoul said summer storms affected...
Washington, Jul 26 (EFE).- The US Federal Reserve raised its benchmark interest rate by a quarter-point on Wednesday, a move that comes after the central bank decided to pause its monetary tightening in June. The decision after the latest two-day meeting of the Federal Open Market Committee, the central bank’s...
By Sarah Yañez-Richards New York, July 24 (EFE).- Elon Musk has made one of his biggest moves at Twitter since acquiring the company last year, dropping the brand’s iconic blue bird logo and replacing it with a black-and-white «X.» That decision marks his first step toward making X.com (a domain...
Sydney, Australia, Jul 21 (EFE).- The Australian government will take into account life expectancy, inclusion and sustainability, among other indicators, to prepare its budget after releasing its first national well-being framework on Friday. This initiative, similar to those previously adopted by New Zealand, Scotland and Canada, is based on 50...
La Paz, Jul 20 (EFE).- Bolivia has 23 million tons of lithium, the world’s largest reserve of the white metal that is central to plans for a transition to clean energy, President Luis Arce said Thursday. During an event in the southwestern town of Coipasa, he presented the latest figures...
Moscow/Kyiv, Jul 19 (EFE).- Moscow said Wednesday that the United Nations has three months to implement the terms of a memorandum on Russian agricultural exports before it resumes talks on reinstating a grain deal that allows Ukrainian exports through the Black Sea. The deal, known as the Black Sea initiative,...
Manila, July 19 (EFE).- The Asian Development Bank (ADB) on Wednesday maintained its growth outlook for developing economies in Asia in 2023 at 4.8 percent,driven by «robust domestic demand» and «moderating inflation.» «Asia and the Pacific continues to recover from the pandemic at a steady pace,» ADB’s Chief Economist Albert...
Seoul, July 19 (EFE).- South Korea’s Minimum Wage Commission on Wednesday approved a 2.5 percent increase in minimum wage in 2024 to 9,860 won ($7.80), sparking protests from union representatives, who had asked for a 26.9 percent hike. The commission agreed to the increase after an hours-long meeting that began...
