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World Bank forecasts modest growth for Latin America, highlights climate risks

The World Bank on Tuesday forecast modest economic growth in Latin America and the Caribbean, warning that risks from high energy prices and the climate phenomenon El Nino could impact the region.

IMF warns cost-of-living shocks cause 'lasting deterioration' in affordability

The International Monetary Fund warned Tuesday that price increases for necessities like food and energy, fuelled by the wars in Iran and Ukraine, were more persistent than previously expected.

Last news

Spain to eliminate tax on olive oil to ease price jump

Spain's leftist government said Friday it will remove the value-added tax on olive oil, a staple of Spanish cuisine which has soared in price due to a severe drought that has caused a sharp drop in the country's olive harvest.

Argentina has surplus harvest, but farmers want more from Milei

In the pampas, Argentina's vast and fertile grasslands outside Buenos Aires, grain silos overflow with this year's harvest -- but nobody is selling just yet.

Trump promises US green card for foreign graduates

Donald Trump said he wants to grant green cards to foreign graduates from US colleges, in an apparent softening of his typically hard-line view on immigration, a key election issue.

Japan inflation ticks up in May to 2.5%

The pace of Japanese inflation accelerated in May partly due to higher energy bills, government data showed Friday, as analysts speculate on the timing of the Bank of Japan's next rate hike.

French rally against far-right ends in clashes

Riot police clashed with demonstrators in the French city of Rennes on Thursday in the latest rally against the rise of the far-right ahead of a national election this month.

IMF signs off new $786 million Tanzania loan agreement

The IMF executive board approved a new loan program with Tanzania worth around $786 million on Thursday to help it "build resilience to climate change," and also unlocked the latest tranche of money under an existing agreement.

US bans Russia's Kaspersky antivirus software

The United States on Thursday banned Russia-based cybersecurity firm Kaspersky from providing its popular antivirus products in the country on national security grounds, the US Commerce Department announced.

Hundreds in Paris protest 'anti-Semitic' gang rape

Several hundred people protested against anti-Semitism and "rape culture" in Paris on Thursday after the gang rape of a 12-year-old Jewish girl at the weekend sparked nationwide outrage.

European stocks advance, AI propels US into record territory

European stock markets rose Thursday as central banks made interest rate calls while AI enthusiasm pushed Wall Street higher from record closes.

Thousands of young Kenyans protest tax hikes

Thousands of mostly young demonstrators took to the streets across Kenya on Thursday to protest tax hikes, blowing whistles and chanting slogans in a vivid show of anger by Gen-Z protesters against the government.

French-Chinese probe to hunt universe's biggest explosions

A French-Chinese telescope satellite will blast off this weekend on a mission to hunt down gamma-ray bursts, the most powerful explosions in the universe.

Bank of England freezes rate before UK election

The Bank of England on Thursday kept its key interest rate at a 16-year high despite slowing UK inflation, opting against a cut before Britain's general election next month.

As UK election looms, Bank of England set to sit tight on rate

The Bank of England was set to hold its interest rate steady on Thursday despite slowing UK inflation, with higher price risks and Britain's looming election preventing a cut, according to analysts.

Japan seeks more visitors despite overtourism woes

Japan's tourism chief said Thursday its ambitious goal of luring 60 million foreign tourists a year -- more than double the current level -- is well within reach, despite surging overtourism concerns.

Asian markets swing as traders assess rates outlook

Asian markets drifted Thursday as investors try to gauge the outlook for US interest rates, while also keeping tabs on developments in France as it heads for crucial elections.

As election looms, BoE set to sit tight on UK rate

The Bank of England was set to hold its interest rate steady on Thursday despite slowing UK inflation, with higher price risks and Britain's looming election preventing a cut, according to analysts.

Ecuador experiences hours-long nationwide power outage

Ecuador suffered a nationwide blackout for several hours Wednesday as the electrical grid failed, with metro services, road traffic and other critical services crippled.

Booking.com sounds alarm on AI-enabled travel scams

As travellers rush to book their summer getaways, Booking.com's internet safety boss says watch out for supercharged AI scams.

Last collective-run Paris cinema saved

The last Paris cinema run by a collective has been saved from closure with the help of Martin Scorsese and Quentin Tarantino, as supporters announced Wednesday they had raised the funds to buy it.

Air pollution linked to nearly 2,000 child deaths a day: report

Nearly 2,000 children die every day from health problems linked to air pollution, which is now the second biggest risk factor for early death worldwide, a report said Wednesday.

S.Africa's Ramaphosa sworn in for second full term as president

South Africa's Cyril Ramaphosa was sworn in for a second full term as president in Pretoria on Wednesday, after his weakened African National Congress (ANC) struck a government coalition deal.

France arrests 8 in New Caledonia including independence leader

French police arrested eight people in Pacific territory New Caledonia Wednesday, prosecutors said, including one of the leaders of the pro-independence CCAT movement that organised weeks of sometimes deadly unrest last month.

Shouts, fights, vomit: Polish city grapples with drunk tourists

Late evening, downtown Krakow goes from historic landmark to hub for stag nights, pub crawls and wild parties. Now, fed up with the ruckus, disgruntled locals are taking Poland's second city to court.

EU to warn France, Italy and more over unruly budgets

The European Union is expected on Wednesday to rebuke nearly 10 governments, including France and Italy, over their excessive spending after new budget rules entered into force this year.

Most Asian markets advance after latest Wall St record

Equities rose across most of Asia on Wednesday following yet another record day in New York fuelled by data that boosted US interest rate cut hopes, though expectations were tempered by cautious comments from Federal Reserve officials.

South Africa's Ramaphosa to be sworn in as president

South Africa's Cyril Ramaphosa is to be sworn in as president at a ceremony in Pretoria on Wednesday, after his weakened African National Congress (ANC) struck a government coalition deal.

Mouse shakers, power naps: Corporate America fights 'keyboard fraud'

A US banking giant fired more than a dozen employees for "simulating keyboard activity," highlighting a battle within productivity-obsessed corporate America to tame a culture of faking work with gizmos such as mouse jigglers.

Fresh records for Nvidia, Nasdaq despite sluggish retail sales data

Nvidia edged out other tech giants Tuesday to become the world's most valuable publicly traded company, a rise that also helped lift the Nasdaq to a seventh straight record close.

US LGBTQ club shooter given another 55 life sentences

A mass shooter who killed five people at an LGBTQ club in the US state of Colorado pleaded guilty to hate crimes Tuesday over the horrifying 2022 massacre and was given another hefty sentence.

AI goes mainstream as 'AI PCs' hit the market

A new line of PCs specially made to run artificial intelligence programs hit stores on Tuesday as tech companies push toward wider adoption of ChatGPT-style AI.

Kenya scraps most new tax hikes amid protest clashes

Kenya's government on Tuesday scrapped plans to impose multiple tax hikes, the presidency said, amending a controversial bill that sparked protests where hundreds of demonstrators were arrested.

Boeing CEO recognizes 'gravity' of safety crisis but sees 'progress'

Boeing's CEO acknowledged to a US congressional panel Tuesday that the company's culture was imperfect, but insisted the aviation giant was making progress and committed to improving safety.

Volkswacht Bodensee - Economy (English)