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Xi to discuss Chinese stocks with regulators as rescue bets rise

Xi to discuss Chinese stocks with regulators as rescue bets rise

Expectations are rising that the Chinese government adopt stronger measures to end the country’s stock market crisis, and regulators are scheduled to brief President Xi Jinping on the market this Tuesday. Chinese stocks extended their rebound after Bloomberg reported that regulators led by the China Securities Regulatory Commission plan to update top leaders on market ...

Nayib Bukele sweeps the elections in El Salvador and wins 85% of the votes

Nayib Bukele sweeps the elections in El Salvador and wins 85% of the votes

Salvadorans voted on Sunday in an election in which President Nayib Bukele achieved a landslide victory allowing him to extend his mandate until 2029thanks to the resounding success of its “war” against gangs that has turned the Central American country into one of the safest in America. “According to our numbers, we have won the ...

Estée Lauder shares rise after plan to cut up to 5% of its workforce

Estée Lauder shares rise after plan to cut up to 5% of its workforce

Estée Lauder soared after announcing it will cut up to 3,000 jobs as part of a restructuring plan to restart one of the world’s largest beauty companies. The owner of the Ordinary and Clinique brands has a global workforce of approximately 62,000 employees announced that it will eliminate between 3% and 5% of those positions. ...

Deaths from forest fires in Chile rise to 99;  more deaths are expected

Deaths from forest fires in Chile rise to 99; more deaths are expected

The death toll from the forest fires in Chile rose to 99, President Gabriel Boric reported on Sunday, adding that the numbers will grow “significantly.” in the next few hours while firefighters, soldiers and brigade members battled to put out several outbreaks in the center and south of the country. Most of the fire spread ...

Reforms by Andrés Manuel López Obrador will mark the last period of Congress

Reforms by Andrés Manuel López Obrador will mark the last period of Congress

El Economista – Mexico City This Thursday the opening of the second and last period of ordinary sessions of the third year of exercise of the LXV Legislature of the Chamber of Deputies and the Chamber of Senators was formally declared, which will be marked by the package of labor, electoral, to the Judiciary, which ...

US attacks Syria and Iraq after attack kills three soldiers

US attacks Syria and Iraq after attack kills three soldiers

The US launched airstrikes against Iranian-backed militias in Syria and Iraq in retaliation for a drone strike that killed three US soldiers last week.marking a new escalation in a conflict that erupted with the attack by Hamas militants on Israel almost four months ago. The United States attacked several targets in both countries, according to ...

Meta and Amazon increase their profits by US$279 billion after cuts

Meta and Amazon increase their profits by US$279 billion after cuts

The cuts in Meta Platforms Inc. and Amazon.com Inc. paid off in a big way, with both companies reporting better-than-expected earnings that sent stock prices soared by a combined US$279 billion in pre-market operations. Profits received a boost thanks to tens of thousands of job cuts starting in 2022 and strong sales that beat analyst ...

Denmark, the most competitive nation in economic terms according to IMD ranking

Denmark, the most competitive nation in economic terms according to IMD ranking

The National Institute for the Development of Management, in its most recent publication, highlighted Ireland as the nation with the best domestic performance of its economy for the first time, surpassing countries such as the United States and Singapore in a ranking that studies 64 countries in the world and in which Colombia is one ...

Chicago's rich raise $66 million to fight crime

Chicago’s rich raise $66 million to fight crime

Wealthy families and principals Chicago business leaders have raised $66 million to help fund the city’s fight against crime. Donors, including the Crown and Pritzker family foundations, contributed just over 30% of the US$200 million needed for an initiative to reduce gun violence, representing more than half of the US$100 million that the business community ...

The Federal Reserve maintains its frozen rate policy at 5.25% to 5.5%

The Federal Reserve maintains its frozen rate policy at 5.25% to 5.5%

US Federal Reserve officials, as the market expected, held interest rates steady at their highest level in 23 years. In their last four meetings (including this one on Jan. 31), U.S. central bank officials made no changes to their policy rate, but debated whether to raise rates further. Now, The Fed is focusing its attention ...