Economy

Brussels, May 16 (EFE).- Ministers from India and the European Union were meeting in Brussels on Tuesday at the first-ever EU-India Trade and Technology Council Summit. Some of India’s highest-ranking politicians, including foreign minister Subrahmanyam Jaishankar and trade minister Piyush Goyal, were meeting with their counterparts from the European Commission,...

Quito, May 10 (EFE).- Ecuador became the fourth Latin American country Wednesday to sign a trade agreement with China, which since last year displaced the United States as its main non-oil trading partner. After a negotiation of 10 months, the country joined Chile, Peru and Costa Rica, the other three...

Washington, May 1 (EFE).- US Treasury Secretary Janet Yellen warned Monday that the country could default on its debt by June 1 unless the Congress approved a suspension of the debt ceiling as soon as possible. “After reviewing recent federal tax receipts, our best estimate is that we will be...

Sydney, Australia, May 2 (EFE).- Qantas Group has appointed its first woman chief executive officer and managing director in its 103-year history, the Australian airline announced Tuesday. Vanessa Hudson is Qantas’ chief financial officer and will be CEO designate and take up a seat on the Qantas Board, before taking...

Santo Domingo, Apr 28 (EFE).- The Dominican Republic and India held here Friday a business forum coinciding with the first-ever visit to the Caribbean nation by an Indian foreign minister. Dr. S. Jaishankar, who arrived in Santo Domingo from Colombia on a Latin American tour that took him earlier to...

Panama City, Apr 24 (EFE).- India wants to see Panama turn into a regional logistics hub for Indian companies in the region, Foreign Minister S. Jaishankar said, as New Delhi seeks to widen its footprints in Latin America. Jaishankar is on a historic visit to the Central American country and...

By Federico Segarra Pagpag: recycled food out of necessity Manila, Apr 24 (EFE).- With food prices rising relentlessly, Manila’s poorest residents are increasingly resorting to eating “pagpag”, a stew cooked with scraps of meat and bones scavenged from rubbish bins that is cooked or refried again and seasoned with sauce....

Shanghai, China, Apr 18 (EFE).- China’s gross domestic product (GDP) expanded 4.5 percent in the first quarter of the year compared to the same period in 2022, official data on Monday showed. The figure exceeded analysts’ expectations that had pointed to an increase of 4 percent. The world’s second largest...

Shanghai, China, Apr 11 (EFE).- Inflation in China in March dropped to levels not seen since September 2021, the National Bureau of Statistics (NBS) reported Tuesday. China’s consumer price index (CPI), a leading measure of inflation, rose 0.7 percent in March, year-on-year, making it the first time consumer inflation fell...

By Jose Miguel Blanco Boao, China, Mar 30 (EFE).- Spanish prime minister Pedro Sánchez put his nation forward as a «reliable» partner for China in trade, investment and conflict resolution at the Boao Forum in China’s Hainan province on Thursday. Sánchez’s intervention at the opening of the annual summit was...

New York, Mar 28 (EFE).- Twitter boss Elon Musk has announced that from Apr.15, only verified accounts on the social network, obtained by paying a fee, will be recommended to other users. Musk published a tweet on Tuesday announcing these new measures that involve a reorganization of the so-called «Twitter...

Beijing, Mar 25 (EFE) .- Apple’s CEO Tim Cook on Saturday, during an unannounced visit to Beijing, underlined the rapid advances in innovation in the Asian country and predicted that it would only speed up further, Chinese state media reported. Cook was taking part in the China Development Forum, where...