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Ecuador says officials hid information amid energy crisis

Ecuador says officials hid information amid energy crisis

The Government of Ecuador said that more than 20 high-level officials of the Ministry of Energy were accused of intentionally hiding information about problems in the supply of electricitywhile the country deals with a serious crisis that has generated planned cuts. A drought caused by the El Niño climate phenomenon has affected the production of ...

IMF sees global growth in 2024 at 3.2% and projects Colombia's GDP at 1.1%

IMF sees global growth in 2024 at 3.2% and projects Colombia's GDP at 1.1%

The International Monetary Fund raised its global economic growth expectations for this year, citing the strength of the US and some emerging markets, while warning that the outlook remains cautious given the persistence of inflation and geopolitical risks. . Global economic activity will grow 3.2% this year, according to the World Economic Outlook report released ...

The risks and challenges that the World Bank sees among countries requesting loans

The risks and challenges that the World Bank sees among countries requesting loans

The spring meetings of the International Monetary Fund, IMF, and the World Bank began. On the first day, an alert was launched about the points that pose a challenge for countries seeking financing. Firstly, there is the increase in poverty in those territories that want credit, as well as a slow level of GDP growth. ...

US industrial production increases again due to manufacturing

US industrial production increases again due to manufacturing

U.S. industrial production rose for a second month in March, driven by a bigger-than-expected rise in factory output as the manufacturing sector shows new signs of stabilization. The 0.4% increase in output at factories, mines and utilities matched the previous month's revised increase, Federal Reserve data showed Tuesday. Mining and energy extraction fell, while utility ...

Markets weigh risk of retaliation after Iran's massive attack on Israel

Markets weigh risk of retaliation after Iran's massive attack on Israel

Financial markets will face the new week worried about geopolitics, with much at stake over whether Iran's unprecedented weekend attack on Israel triggers rounds of retaliation. The escalation of the Middle East crisis, already roiled by inflation and the prospect of higher interest rates for longereither, will inject new volatility when trading resumes. When Hamas ...

Petro calls for the United Nations to meet urgently after Iran attack

Petro calls for the United Nations to meet urgently after Iran attack

Amid the tensions unleashed by Iran's attack on Israel, Colombian President Gustavo Petro made an urgent call for caution. According to X, the president said that “we are facing the prelude to World War III” at a time when the world “should rebuild its economy toward the rapid goal of decarbonization.” The president's words come ...

North American Olympic athletes criticize Nike for its women's clothing

North American Olympic athletes criticize Nike for its women's clothing

Nike's US women's track and field kit is unnecessarily revealing and sexist, several female athletes said after the US sportswear brand unveiled the clothing for the Olympics. The images made public on Thursday of the women's kit on a mannequin, in which a very high cut of the panties can be seen, They unleashed criticism ...

Emerging market currencies hit two-month lows

Emerging market currencies hit two-month lows

A gauge of emerging market currencies fell to the lowest level in more than two months as rising Geopolitical tensions added to a rise in risk aversion amid a change in the outlook for US rates this week. Msci's currency indicator for developing economies fell 0.2% in a third day of declines as investors sought ...

An attacker killed six people with a knife in an Australian shopping center

An attacker killed six people with a knife in an Australian shopping center

An attacker who fatally stabbed six people in a shopping center was shot dead by police on Saturday in Bondi, a coastal suburb of Sydney, as hundreds of people fled the scene. The attacker was killed by a police officer after attacking shoppers at the busy Westfield Bondi Junction shopping centerthe police reported in a ...