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Javier Milei achieves a pyrrhic victory with approval in Congress of his reforms

Javier Milei achieves a pyrrhic victory with approval in Congress of his reforms

The Argentine Senate approved in the early hours of Thursday a package of liberal reforms proposed by Javier Milei that gives a signal of governability to the marketsalthough the Upper House introduced extensive modifications to the rule and rejected tax changes by the ultra-liberal president. In an extremely even vote – the president of the ...

Apple shares hit $207 after “AI for the rest of us” announcement

Apple shares hit $207 after “AI for the rest of us” announcement

Shares of Apple Inc. rose on Tuesday, briefly hitting a new record high as investors' sentiment toward the iPhone maker improved. Shares rose as much as 7.26% to $207.15. The stock is up more than 20% from its April low, a rally that has added more than $500 billion to its market capitalization and returned ...

Russian warships carry out missile exercises in the Atlantic heading to Cuba

Russian warships carry out missile exercises in the Atlantic heading to Cuba

A Russian naval frigate and a nuclear-powered submarine conducted missile exercises in the Atlantic Ocean while en route to CubaThe Russian Defense Ministry reported on Tuesday. The exercises carried out by the Kazan submarine and the Admiral Gorshkov warship consisted of firing high-precision missiles against simulated enemy targets from a distance of more than 600 ...

Drone attack in Ukraine damaged Russia's most advanced stealth fighter plane

Drone attack in Ukraine damaged Russia's most advanced stealth fighter plane

Ukraine attacked Russia's most advanced stealth plane for the first time in a drone strike aimed at limiting Moscow's ability to fire missilessaid a person familiar with the matter. The Su-57 fighter jet was hit by Ukrainian-made drones at the Akhtubinsk air base in Astrakhanin southern Russia, about 590 kilometers (366 miles) from the battlefield, ...

Inflation in Egypt at its lowest in a year due to low prices in food and beverages

Inflation in Egypt at its lowest in a year due to low prices in food and beverages

Egyptian inflation slowed to the slowest pace in a year and a half, even after a sharp currency devaluation and a historic move to increase the cost of subsidized bread. Consumer prices in urban areas of the North African country grew 28.1% annually in May, compared to 32.5% the previous month, state statistics agency CAPMAS ...

Swiss voters back more green energy, reject limit on health insurance

Swiss voters back more green energy, reject limit on health insurance

Swiss voters backed a government plan to boost domestic renewable energy, a decision that will facilitate the construction of solar and wind plants in the Alps and ensure the continuity of subsidies. The proposal was approved by 69% of voters, the government said on Sunday. Switzerland's largest political group, the right-wing Swiss People's Party, had ...

The current ruling party in Mexico affirmed that it will respect the legislative process

The current ruling party in Mexico affirmed that it will respect the legislative process

The leader of Mexico's ruling party in the lower house said the bloc will be “very cautious.”” in taking advantage of his strong lead in Congress amid concerns that he could rush passage of the legislation before President-elect Claudia Sheinbaum takes office. The party will “respect the legislative process” and wait for the votes to ...

Russia refrains from raising rates even as war economy overheats

Russia refrains from raising rates even as war economy overheats

Russia's central bank extended its pause on interest rates, But he noted that monetary tightening remains an option as the country's war in Ukraine continues to overheat the economy and fuel inflation. For the fourth consecutive meeting, authorities kept their benchmark at 16% on Friday. A narrow majority of economists surveyed by Bloomberg had predicted ...

Bogotá, Medellín and Barranquilla, best positioned cities in Oxford Economics

Bogotá, Medellín and Barranquilla, best positioned cities in Oxford Economics

One of the most important economic advisory firms in the world, Oxford Economics Citiespublished its annual “Global Cities” report in which it ranks 1,000 cities in the world in categories such as economic performance, human capital, quality of life, commitment to the environment and governance. The first results reflect that New York is the city ...