Australia

Iceland has the highest inflation rate in Western Europe at 9.25%

Iceland has the highest inflation rate in Western Europe at 9.25%

The Central Bank of Iceland kept interest rates on holds unchanged for the sixth consecutive meeting, as higher borrowing costs in Western Europe have yet to bring inflation under control on the Atlantic island. Sedlabanki officials on Wednesday kept the 7-day deposit rate at 9.25%, The central bank’s own survey of market participants and the ...

Brookfield in talks with banks to refinance €10 billion in debt

Brookfield in talks with banks to refinance €10 billion in debt

Brookfield moves piece in the public acquisition offer (opa) that is studying to launch on Grifols with the founding familyThe Canadian fund is negotiating with banks up to 9.5 billion euros to be used to refinance the blood derivatives manufacturer’s huge debt. According to reports Bloomberg, The investment firm has asked the banks to provide ...

Hopes for missing in Lynch yacht wreck fade

Hopes for missing in Lynch yacht wreck fade

Divers resumed their search Wednesday for six people missing after the British tech entrepreneur’s yacht sank Mike Lynch off the coast of Sicily two days ago, although hopes of finding them alive were diminishing. The Bayesian, a 56-metre-long, British-flagged superyacht, was carrying 22 people and was anchored off the port of Porticellonear Palermo, when it ...

US Embassy in Havana gives green light to visa application for "cultural exchange"

US Embassy in Havana gives green light to visa application for “cultural exchange”

The U.S. Embassy in Havana on Monday approved applications for some nonimmigrant visas for Cubans on the island.services that were suspended since the administration of former President Donald Trump. “Effective Monday, August 19, the U.S. Embassy in Havana is expanding visa services to include certain categories of temporary work visas and exchange programs.”the diplomatic headquarters ...

Airbnb will have to incorporate the General Sales Tax into its rates in Peru

Airbnb will have to incorporate the General Sales Tax into its rates in Peru

Starting October 1, digital platforms such as Netflix, Spotify and Airbnb will have to incorporate the General Sales Tax (IGV) into their rates. In addition, the recent changes announced by the Executive will allow the National Superintendence of Customs and Tax Administration (Sunat) access detailed information on the behavior of Airbnb users who rent properties ...

Fed's Kashkari says September rate cut debate is appropriate

Fed’s Kashkari says September rate cut debate is appropriate

Minneapolis Fed President Neel Kashkari said it was appropriate to discuss a possible US interest rate cut in September. due to the growing possibility of a weakening labor market, The Wall Street Journal reported Monday. “The balance of risks has changed, so the debate about a possible rate cut in September is appropriate”Kashkari told WSJ ...

Chile's gross domestic product rose 1.6% in the second quarter, the Central Bank said

Chile’s gross domestic product rose 1.6% in the second quarter, the Central Bank said

Chile’s Gross Domestic Product (GDP) grew 1.6% year-on-year in the second quarteraccording to data released Monday by the Central Bank. Meanwhile, Seasonally adjusted GDP fell by 0.6% in the quarter compared to the previous quarter. “From an expenditure perspective, gross domestic product (GDP) growth was supported by a higher level of exports. Domestic demand, on ...

Israel 'cautiously optimistic' over new US truce proposal

Israel ‘cautiously optimistic’ over new US truce proposal

Israel expressed cautious optimism about prospects for a ceasefire in Gaza after high-level talks with mediators on a new US proposalputting the onus on Hamas to withdraw its objections. A statement from Prime Minister Benjamin Netanyahu’s office said he spoke with his negotiators after his return from two days of meetings with senior Qatari and ...

New mpox strain offers Denmark another way to flex its pharmaceutical muscles

New mpox strain offers Denmark another way to flex its pharmaceutical muscles

After the World Health Organization warned this week that a rapidly spreading strain of mpox poses a global threat, Denmark once again holds a potential solution and has underlined its ability to eclipse traditional powers the United States and the United Kingdom. From diabetes treatments to depression, the Nordic nation of 6 million people has ...