Australia

Opec+ will raise oil production targets again starting in September

Opec+ will raise oil production targets again starting in September

OPEC+ is likely to agree, when it meets on August 2, to a further increase in its oil production targets starting in September, three sources said, even though the US war with Iran is once again preventing some members of the group from increasing their output. Sources indicated that it is likely that seven key ...

China's public spending plummets to lowest level since October

China’s public spending plummets to lowest level since October

China’s public spending plunged in June to its lowest level since October, suggesting the government further tightened fiscal policy despite growing calls for more support as economic growth slows. According to calculations of Bloomberg based on data from Ministry of Financepublic spending fell 11.9% in June compared to the same month of the previous year. ...

China risks reaching 20% ​​youth unemployment if the labor crisis extends

China risks reaching 20% ​​youth unemployment if the labor crisis extends

Youth unemployment in China could reach levels not seen for more than three years, as record numbers of graduates prepare to enter the job market at a time when artificial intelligence threatens to displace more entry-level jobs. According to data published this week by the National Statistics Officethe rate of unemployment in urban areas for ...

Washington condemns Ortega's decision to eliminate elections in Nicaragua

Washington condemns Ortega’s decision to eliminate elections in Nicaragua

The president of Nicaragua, Daniel Ortegareceived harsh criticism from Washington after stating that the country will stop holding elections, consolidating the family dictatorship it has built for decades. “The declaration of Daniel Ortega “that under the dictatorship of his family Nicaragua will never hold elections again exposes the true authoritarian nature of the regime,” said ...

Attacks by the United States and Iran leave two soldiers dead in attacks

Attacks by the United States and Iran leave two soldiers dead in attacks

The United States and Iran engaged in an accelerating series of attacks on each other, causing fresh chaos in the Middle East over the weekend after attacks by the Islamic Republic killed two US service members in Jordan. According to Iranian media, US forces attacked the island of Qeshm in the Persian Gulf overnight, as ...

Wind generation in Mexico has increased 87% since 2018 from 5,356 gigawatts

Wind generation in Mexico has increased 87% since 2018 from 5,356 gigawatts

El Economista – Mexico City In Mexico, wind generation faces a crucial moment of potential expansion, both because of the prospects for its growth in the coming years, and because of the record of effective production that has been achieved. In the accumulated of the first five months of the year, 10,020 gigawatts per hour ...

Chip stocks brace for bear market on AI divestment

Chip stocks brace for bear market on AI divestment

The sell-off in chipmaker stocks accelerated on Friday, pushing the group that has led this year’s stock rally into a bear market amid concerns that spending money on artificial intelligence is becoming harder to justify. This week’s decline in the semiconductor sector is shaping up to be the worst since the April 2025 tariff collapse, ...

Lilly would close an agreement with the maker of psychedelic drugs AtaiBeckley

Lilly would close an agreement with the maker of psychedelic drugs AtaiBeckley

According to sources close to the matter, Eli Lilly & Co. is in talks to acquire AtaiBeckley Inc., which highlights the growing interest of big pharma in the previously marginal field of psychedelic medicine. According to the sources, who asked not to be identified because the information is private, the pharmaceutical group could announce the ...

Learn about the countries where you can buy a home with low taxes

Learn about the countries where you can buy a home with low taxes

Acquire one dwelling Abroad is no longer just an investment decision or a luxury, but has become a global mobility strategy. While the global tax burden often eats into the margins of real estate investors, there are currently nations without annual property taxes; according Immigrant Investamong them are countries such as Malta, Vanuatu and the ...

Victims of the fires in Spain question the authorities' version of the alerts

Victims of the fires in Spain question the authorities’ version of the alerts

The son of a Belgian man who died in fires in Spain disputed authorities’ claims that his father and other victims ignored official advice to shelter in place, and said emergency services did not give them any guidance. The Belgian virologist Thomas-Wolf Verdonckt said to Reuters who spoke on the phone with his father, the ...