Argentina’s President-elect, Javier Milei, remains resolute in his pledge to close the country’s central bank, denouncing any speculations or rumors that suggest otherwise. In an official statement posted on social media platform X, Milei declared that the central bank’s closure is a “non-negotiable matter.” This controversial campaign promise has garnered significant attention and debate, as
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The war in Gaza has left behind a trail of destruction, not only in terms of its buildings but also its fragile economy. The United Nations World Food Programme had already classified a majority of Gazans as food insecure, with limited access to affordable and nutritious provisions. However, the recent conflict has exacerbated the situation
Australia is currently grappling with a mutton glut, resulting in plummeting prices and significant challenges for farmers. The oversupply of sheep can be attributed to favorable weather conditions in recent years, which led to increased breeding and the accumulation of a massive sheep flock. However, this surplus has now become a burden for farmers who
After briefly falling to their lowest level in two months, yields rebounded, contributing to a rise in stocks on Wednesday. The Dow Jones Industrial Average saw a gain of 178 points, or 0.5%, while the S&P 500 climbed 0.4%. The Nasdaq Composite also advanced, with an increase of 0.5%. The positive momentum of the November
India’s travel landscape is undergoing significant changes as the country establishes itself as a powerhouse in the tourism sector. While Indian travelers were previously known for their willingness to splurge on international trips, recent research highlights a shifting pattern. According to Booking.com and McKinsey, most Indians are now choosing to explore their own country rather
It has only been a few days since the unexpected departure of Sam Altman, former CEO of OpenAI, and already his replacement has been announced. In a surprising twist, Emmett Shear, the former co-founder and CEO of Twitch, will be taking over the reins of the renowned AI company. Shear’s appointment comes after a weekend
The upcoming presidential runoff election in Argentina has captured international attention as voters decide the destiny of South America’s second-largest economy. The choice between the populist candidate, Javier Milei, and Economy Minister Sergio Massa of the Peronist party, is seen as a significant shift in political ideology. As Argentina faces skyrocketing inflation and increasing poverty,
Renown short seller Jim Chanos has decided to make a significant change to his investment strategy. According to CNBC, Chanos will be converting his hedge fund, Chanos & Co., into a family office and advisory business. This move marks a departure from his previous role running a limited partnership or an offshore fund. As part
In a rapidly shifting landscape for new energy vehicles (NEVs), Chinese brands have taken the lead, leaving global giants such as Volkswagen, Nissan, and Hyundai struggling to keep pace. According to CNBC’s analysis of public data for the first three quarters of this year, Volkswagen is on track for its smallest year of sales in
Asia-Pacific markets are expected to experience a mixed session on Thursday as investors process the outcomes of the recent high-level discussions between U.S. President Joe Biden and Chinese President Xi Jinping. The two leaders met face-to-face for the first time in a year on the sidelines of the Asia-Pacific Economic Cooperation conference held in San