The Central Bank of Brazil called new spot dollar auctions on Thursday, in a bid to boost the local currency after it hit record lowsat a time when the country is dealing with a financial market crisis. The monetary authority sold US$3 billion early in the day, in an auction that was announced late on ...
President Joe Biden announced plans on Friday to cancel student debt for about 55,000 public sector workers, as his administration pushes to zero out more people’s balances in the final weeks of his administration. The measure, which represents the cancellation of US$4.28 billion owed in federal loans, brings to nearly 5 million the total number ...
President-elect Donald Trump’s advisers are recommending a two-pronged approach to reshaping the American auto industry: cutting federal subsidies to boost sales of electric vehicles while fostering a domestic supply chain to produce them. Together, the suggestions highlight how Trump’s campaign promise to “end” electric vehicle mandatesIt could manifest itself in policies that prioritize domestic car ...
Today the Federal Reserve is expected to announce another 25 basis point cut to its interest ratesin what is their last meeting of 2024. This would mark the third consecutive reduction this year and with which we bet for bringing borrowing costs to the 4.25%-4.5% range (from the current 4.75% level). But while the world’s ...
The Security Service of Ukraine (SBU) on Tuesday killed Russian Lieutenant General Igor Kirillov in a special operation in Moscow, an agency source told Reuters. The source said kyiv considered Kirillov a war criminal and an “absolutely legitimate target”, accused of ordering the use of banned chemical weapons against Ukrainian forces. In the war, they ...
Brazil’s Treasury projected on Monday that the gross debt of Latin America’s largest economy will only begin to decline in 2028, after an increase of 10 percentage points during the current mandate of President Luiz Inácio Lula da Silva. In its fiscal projections report, the treasury estimated that the country’s gross debt-to-GDP ratio will peak ...
A year in which inflation fell enough for monetary policy to begin to be relaxed in most advanced economies is about to conclude with a series of 24-hour decisions led by the Federal Reserve. The US announcement will take center stage on Wednesday, followed by peers in Japan, the Nordics and the UK the following ...
SoftBank Group CEO Masayoshi Son will announce a $100 billion investment in the United States over the next four years during a visit Monday to US President-elect Donald Trump’s Mar-a-Lago residence , Cnbc reported. Masayoshi Son will also promise in a joint announcement with Trump the creation of 100,000 jobs focused on artificial intelligence (AI)and ...
The World Economic Forum, WEF, presented two studies that call on the productive sector to act against the risks of the climate crisis, these are ‘The Cost of Inaction: A CEO’s Guide to Tackling Climate Risk’ and ‘Business on the Edge: How to Strengthen Industry Resilience to Climate Risks’. With them, he warns that companies ...
The UK and Australia plan to underline their determination to maintain a defense pact with the United States at a meeting on Mondayandn amid concerns about President-elect Donald Trump’s commitment to the deal. UK Foreign Secretary David Lammy and UK Defense Minister John Healey will host their Australian counterparts in London for the annual meeting, ...
