Microsoft Corp. announced its largest investment to date in Australia, pledging to spend 25 billion Australian dollars ($17.9 billion) by the end of 2029, in its quest to further penetrate the artificial intelligence market in the Asia-Pacific region. The American giant will significantly expand its Azure AI cloud and supercomputing infrastructure in Australia, while also ...
The Observer – Montevideo The Monetary Policy Committee, Copom, of the Central Bank, BCU, meets this Tuesday in a scenario marked by low local inflation and growing international volatility. After seven consecutive cuts in the Monetary Policy Rate, TPM, The market is beginning to wonder if the expansionary cycle has come to an end. The ...
Chile’s new right-wing government said it is focused on improving the performance of state copper giant Codelco, rather than trying to introduce private capital or sell assets. “The ownership of Codelco is established in the Constitution, and any change would require a national decision that transcends any particular government,” declared the Minister of Finance, Jorge ...
European stocks fell on Monday as hopes for peace in the Middle East faded following escalating tensions.after Washington seized control of an Iranian cargo ship trying to circumvent the blockade and Tehran vowed to retaliate. Investors are increasingly nervous as the US-Iran ceasefire, which expires on Tuesday, appears fragile. Iran rejected new peace talks with ...
Airbnb has decided to add independent hotels to its platformin a pivot by the company, known for short-term rentals, toward more traditional accommodations as it tries to boost its growth. The platform has launched a pilot program in cities such as New York, Los Angeles, Paris and Madrid, which allows users to choose from a ...
European Central Bank President Christine Lagarde said two main factors surrounding the war in Iran are hampering efforts to define a monetary policy response. The duration of the disruption and the possible pass-through of energy prices into broader inflation are complicating the ECB’s work, Lagarde said Monday in Berlin. “This double uncertainty about the duration ...
Venezuelan opposition leader María Corina Machado hopes to return to her country before the end of 2026 and is urging the United States to accelerate plans for holding elections. In an interview with Reuters on Sunday night, the Nobel Peace Prize winner said she “absolutely” saw herself returning to Venezuela soon, and warned that The ...
The main leader of the Venezuelan opposition, María Corina Machado, said that she is “coordinating” her return to the country with the United States, without specifying a date.. Machado, in a press conference held on Saturday in Madrid, claimed to be in “permanent” contact with Trump administration officials and “trusts” the gradual process that Washington ...
Gasoline prices have skyrocketed across the United States as a result of the war with Iran, But this increase is causing greater economic problems in some cities than others. And it’s not necessarily the places where gas prices have risen the most, like Chicago or Los Angeles. Instead, it is concentrated in smaller, more dispersed ...
The American oil trading and supply firm George E. Warren LLC has agreed to acquire a shipment of one million barrels of Venezuelan Merey heavy crude oil, which will be shipped between late April and early May, according to a maritime transport document seen by Reuters. The licenses Americanswhich increasingly allow transactions in the Venezuelan ...
