New York, United States, Sept 21 (EFE).- The heads of international economic institutions described a panorama of “hopelessness” for Latin America at the Global Forum on Latin America and the Caribbean 2023, held Thursday in New York, and called for political commitments to put an end to the cycles of ups and downs that repeatedly … Read more
Manila, Sep 20 (EFE).- The Asian Development Bank (ADB) on Wednesday warned that the ongoing property crisis in China could weigh down its economic growth in 2024, although the impact could be mitigated through the implementation of appropriate policies. “The analysis shows that further property market weakness may slow the domestic economy, but policy action … Read more
Beijing, Sep 20 (EFE).- China’s Ministry of State Security accused US intelligence agencies on Wednesday of infiltrating the servers of Chinese technology giant Huawei since 2009. In an article posted on its official Wechat account, the ministry said that the Office of Tailored Access Operations of the United States’ National Security Agency began to infiltrate … Read more
Toronto, Canada, Sep 19 (EFE).- US carmaker Ford Motor and the Canadian union Unifor announced late Tuesday that they have reached a tentative contract agreement for the next few years. File photo of Ford workers. EFE-EPA/Kai Försterling The agreement now has to be ratified by the around 5,600 Ford workers represented by Unifor. The details … Read more
America Desk, Sept. 19 (EFE) – Argentina’s far-right candidate Javier Milei’s proposal to dollarize Argentina has once again brought the dollarization debate to Latin America. Countries like Panama, El Salvador, and Ecuador have adopted the US currency for years, and others like Cuba and Venezuela have solid underground markets. In Argentina, Milei, the candidate of … Read more
By Eric San Juan Ho Chi Minh City, Vietnam, Sep 19 (EFE).- Vietnam has held its first public auctions of lucky numbers for vehicle license plates, raising $3.4 million for 11 license plates, with a price over $1 million for the ones most sought after, due to superstitious beliefs and the importance of status. In … Read more
Susana Madera Zamora Chinchipe (Ecuador), Sept 18 (EFE). – Fruta del Norte, the largest gold mine in Ecuador and one of the two recently operating large-scale mining operations in the country, is behind the recent “boom” in exports. In 2022, mining exports were among the star products sent abroad by Ecuador, with sales of more … Read more
Buenos Aires, Sept 18 (EFE).- Argentina is debating dollarization after decades of failure to tackle inflation, which has been above triple digits throughout 2023. The discussion comes in response to a proposal by far-right candidate Javier Milei, who is well-positioned to win the presidency in October. Milei’s polemic plans have captured the imagination of a … Read more
Islamabad, Sep 16 (EFE).- Pakistan has increased the prices of petroleum products to all-time-highs even as a massive economic crisis affects the country, which has been aggravated by high inflation and rise in electricity bills, which have affected millions of people. In the early hours of Saturday, the ministry of finance raised the price of … Read more
Washington, Sep 14 (EFE).- The United Auto Workers (UAW) union announced that it will strike at three US assembly plants of General Motors (GM), Ford Motor and Stellantis if an agreement is not reached with the companies before midnight. UAW President Shawn Fein made the announcement at 10 pm on Thursday, two hours before the … Read more
Brasilia, Sept 14 (EFE).- Brazilian President, Luiz Inácio Lula da Silva, and his American counterpart, Joe Biden, will use next week’s United Nations (UN) General Assembly to launch a global initiative for “decent work” in the 21st century, according to official sources. The issue has been discussed by the two leaders for several months, and … Read more
Washington, Sept 14 (EFE).- National Aeronautics and Space Administration (NASA) announced on Thursday that it would create a special department to study Unidentified Aerial Phenomena (UAP) after determining that UFOs need to be adequately investigated. It also promised transparency in any potential discovery. NASA Administrator Bill Nelson said that the agency had appointed a new … Read more
