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IMF reduces Argentina's growth projection due to Javier Milei's policies

IMF reduces Argentina’s growth projection due to Javier Milei’s policies

The International Monetary Fund revised downwards its growth estimate for Argentina, predicting that South America’s second largest economy will contract for two years consecutive as the president, Javier Milei, pushes for a “significant adjustment of policies.” Argentina’s Gross Domestic Product, GDP, will contract 2.8% this year as inflation soars, after a fall of 1.1% in ...

Peru registers the worst drop in the world ranking of corruption perception since 2012

Peru registers the worst drop in the world ranking of corruption perception since 2012

Peru once again hits rock bottom in matters fight against corruption. According to the “Corruption Perceptions Index (CPI) 2023”, prepared annually by Transparency International, The country has recorded its worst drop in the global ranking since 2012, falling from 101st place to 121st place, now finding itself in the bottom third and sharing a position ...

Inflation report in Spain indicates an increase of three tenths in January to reach 3.4%

Inflation report in Spain indicates an increase of three tenths in January to reach 3.4%

Inflation debuts in 2024 with a year-on-year increase of 3.4%, three tenths more than in December, according to the leading indicator of the Consumer Price Index (CPI), which will not be confirmed until next February 15, and may suffer slight upward or downward alterations. Inflation is once again registering increases after two consecutive months of ...

Reddit weighs analysis that points to a valuation of at least $5 billion

Reddit weighs analysis that points to a valuation of at least $5 billion

Reddit Inc. is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at least $5 billion, according to people familiar with the matter. even when estimated below that figure in the volatile private equity market. The San Francisco-based social media company and its advisers ...

United Airlines CEO begins talks with Airbus amid Boeing delays

United Airlines CEO begins talks with Airbus amid Boeing delays

United Airlines has contacted Airbus to purchase more A321neo aircraft to fill the possible gap left by the delayed Boeing 737 MAX 10, in a move that could ease the impasse over a long-delayed separate order for larger planesaccording to industry sources. United Chief Executive Scott Kirby recently flew to Toulouse to sound out the ...

Microsoft and Apple, 20 years exchanging leadership in market capitalization

Microsoft and Apple, 20 years exchanging leadership in market capitalization

Apple and Microsoft have for decades traded leadership as the world’s most valuable company in terms of market capitalization. In the 1990s, Microsoft dominated by capitalizing on the success of Windows, displacing General Electric as the most valuable company in the United States. Apple fell on hard times, on the verge of bankruptcy amid intense ...

H&M began a collective layoff plan in Spain and is preparing to close 28 stores

H&M began a collective layoff plan in Spain and is preparing to close 28 stores

H&M announced the opening of a collective dismissal procedure in Spain for organizational and economic reasons that will lead to the closure of 28 stores and affect 588 workersas reported by Ccoo in a statement. Specifically, the union has reported that the fashion firm has presented this staff adjustment for organizational, productive and economic reasons ...

The first nitrogen execution in US history was carried out in Alabama

The first nitrogen execution in US history was carried out in Alabama

The second time was the charm. Alabama executed Thursday afternoon Kenneth Eugene Smith, a man sentenced to death for the murder of a pastor’s wife in March 1988. The southern state had already tried to end the prisoner’s life in November 2022 with a lethal injection, but they gave up when they could not find ...

The economists who from now on will lead the Council of the Central Bank in Chile

The economists who from now on will lead the Council of the Central Bank in Chile

Financial Diary – Santiago The year begins with changes among those who have the responsibility of taking care of the monetary policy of Chileans. The Board of the Central Bank unanimously appointed Stephany Griffith-Jones as the entity’s new vice president, replacing Pablo García. Griffith-Jones will hold her new position until December 24, 2025, the date ...

Fox to face new $2.7 billion defamation lawsuit from Smartmatic

Fox to face new $2.7 billion defamation lawsuit from Smartmatic

Fox was ordered to face a US$2.7 billion defamation lawsuit brought by Smartmatic Corp.one of two election technology companies falsely accused on Fox News of rigging the 2020 US presidential election. Wednesday’s decision by a New York state judge is the latest setback for Fox after the media giant agreed in April to pay $788 ...