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Cemex shares rebound on operating profit that beat estimates

Cemex shares rebound on operating profit that beat estimates

Cemex shares rallied on Thursday after the Mexican cement maker posted better-than-expected operating profit, which offsets a loss of sales due to bad weather in its largest market and a weaker peso. Operating income in the second quarter was $665.9 million, according to a filing, above the average estimate of $615.2 million compiled by Bloomberg. ...

How much has Venezuela's GDP per capita fallen since Maduro came to power?

How much has Venezuela’s GDP per capita fallen since Maduro came to power?

This Sunday, July 28, Venezuelans will go to the polls again to elect a new president. This time there is greater hope that Nicolás Maduro will close a mandate that has already lasted 11 years, the popular voice prevails, which according to the polls 59.1% is with the opposition candidate Edmundo González, the country emerges ...

Chilean government seeks to create Latin America's first AI computing center

Chilean government seeks to create Latin America’s first AI computing center

Chile seeks to create the first center ofand artificial intelligence computing in Latin America next year, to support research, start-up development, announced this Wednesday the Minister of Science, Aisén Etcheverry. He also explained that the development bank of Latin America and the Caribbean CAF is working on a feasibility study so that the center can ...

US warns Maduro of need for free elections, says 'we are watching'

US warns Maduro of need for free elections, says ‘we are watching’

Venezuelans will go to the polls in a presidential election in which Maduro is seeking a third term against opposition candidate Edmundo González. “We support peaceful elections,” White House spokesman John Kirby said.at a regular briefing in Washington. “Any political repression and violence is unacceptable.” Asked whether Maduro had the ability to rig the election ...

Reckitt, the owner of Dettol and Vanish, will sell some home care brands

Reckitt, the owner of Dettol and Vanish, will sell some home care brands

Reckitt Benckiser Group plans to sell some home care brands and review options for its infant formula business as the consumer company seeks to revive growth after a period of underperformance. Slower-growing home care products, including Cillit Bang cleaners and Airwick air fresheners, generated almost £2 billion ($2.6 billion). in revenue last year, the U.K.-based ...

Anglo American sells its Caspiche mining projects in Chile and Onslow Iron

Anglo American sells its Caspiche mining projects in Chile and Onslow Iron

Financial Daily – Santiago Following a thorough review of all its assets initiated in February of this year, the mining multinational Anglo American It plans to divest the less profitable ones and focus on expanding copper production. after the failed attempt to BHP to acquire the company. And with that goal in mind, Anglo American ...

Chilean government proposes long-term financing for TVN and creation of a radio station

Chilean government proposes long-term financing for TVN and creation of a radio station

The Minister Secretary General of Government, Camila Vallejo, described the substitute indication that the Executive will present with various changes to the corporate governance and financing method of Televisión Nacional de Chile as a “necessary transformation and modernization”(TVN)which includes funding via endowment of the State estimated at US$ 30 million. That is, a fund that ...

Benetton to launch mega green hydrogen project in Argentina

Benetton to launch mega green hydrogen project in Argentina

Compañía de Tierras del Sud Argentino, the local arm of the Benetton family holding company, is the largest landowner in the country and its businesses are beginning to transcend their agricultural core with disruptive diversifications.Its CEO, Agustín Dranovsky, told El Cronista that the group is facing a mega project to produce green hydrogen in the ...

Kamala Harris announced that she will run for president as a Democrat

Kamala Harris announced that she will run for president as a Democrat

US Vice President Kamala Harris announced that will seek the Democratic presidential nomination after Joe Biden’s exit from the 2024 racewhile endorsing his former running mate to take his place. “I am honored to have the President’s endorsement and intend to win this nomination,” Harris said in a statement Sunday.I will do everything in my ...

Israel continues its offensive against Gaza after a deadly attack on a camp

Israel intensifies bombings in Gaza, leaving dozens dead in 24 hours

Israeli forces shelled several areas in the Gaza Strip on Saturday, killing at least 30 Palestinians.according to health officials, as tanks advanced west and north of Rafah. Among the dead were local journalist Mohammad Abu Jasser, his wife and two children, by an Israeli attack on their home in the northern Gaza Strip, a doctor ...