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Colombia Stands Firm on 2025 Budget Amid Economic Challenges

Colombia Stands Firm on 2025 Budget Amid Economic Challenges

Colombia's government maintains its 2025 budget proposal at 523 trillion pesos, despite opposition. Finance Minister discusses contingency plans, interest rates, and economic forecasts in a recent interview.

Economics, Politics •   •  506 views
Martinique Unrest: Police Injured in Cost-of-Living Protests

Martinique Unrest: Police Injured in Cost-of-Living Protests

Violent demonstrations in Martinique over high living costs resulted in injuries to six police officers. Authorities arrested two suspects and reported looting, calling for calm amidst ongoing unrest.

Society, Economics, Politics •   •  553 views
FTX Case: Prosecutors Seek Leniency for Key Witness Caroline Ellison

FTX Case: Prosecutors Seek Leniency for Key Witness Caroline Ellison

U. S. prosecutors advocate for a reduced sentence for Caroline Ellison, citing her crucial role in convicting FTX founder Sam Bankman-Fried. Her cooperation was deemed "extraordinary" despite intense public scrutiny.

Business, Economics •   •  584 views
German Finance Ministry Refutes Claims of Commerzbank Stake Sale Plans

German Finance Ministry Refutes Claims of Commerzbank Stake Sale Plans

German officials deny Bloomberg report on Commerzbank divestment intentions. UniCredit's recent stake acquisitions in the bank spark interest, as government pledges thorough analysis before future decisions.

Business, Economics, Politics •   •  565 views
Hero Future Energies Unveils $20 Billion Green Power Expansion Plan

Hero Future Energies Unveils $20 Billion Green Power Expansion Plan

Hero Future Energies announces a $20 billion investment to boost its renewable capacity to 30 GW by 2030. The move aligns with India's ambitious clean energy goals and follows similar pledges by industry rivals.

Business, Economics, Science •   •  691 views
Norway Leads Global EV Revolution: Electric Cars Surpass Gas-Powered Vehicles

Norway Leads Global EV Revolution: Electric Cars Surpass Gas-Powered Vehicles

Norway achieves a world-first as electric vehicles outnumber gas-powered cars. Government incentives and wealth drive rapid EV adoption, with aims to end new fossil fuel car sales by 2025.

Society, Economics •   •  801 views
House to Vote on Controversial Government Funding Plan Amid Shutdown Concerns

House to Vote on Controversial Government Funding Plan Amid Shutdown Concerns

Speaker Johnson's funding proposal faces opposition from both parties as the government shutdown deadline looms. The plan, lacking sufficient Republican support, could lead to a setback in negotiations.

Economics, Politics •   •  632 views
India Eliminates Windfall Tax on Crude Oil Amid Price Decline

India Eliminates Windfall Tax on Crude Oil Amid Price Decline

India scraps windfall tax on petroleum crude, effective September 18. Decision follows significant drop in global oil prices, with Brent crude falling below $75 per barrel.

Economics, Politics •   •  663 views
FTSE 100 Hits Two-Week High as Retail Stocks Surge; Defense Sector Dips

FTSE 100 Hits Two-Week High as Retail Stocks Surge; Defense Sector Dips

UK's FTSE 100 reached a two-week peak, driven by retail and personal goods sectors. Investors await central bank decisions, while defense stocks decline amid potential Ukraine ceasefire talks.

Business, Economics •   •  544 views
Amazon Seeks Dismissal of Audiobook Monopoly Lawsuit by Authors

Amazon Seeks Dismissal of Audiobook Monopoly Lawsuit by Authors

Amazon defends Audible's exclusivity program in court, citing market competition. Authors claim unfair practices in audiobook distribution, seeking class-action status for thousands of rights holders.

Business, Economics •   •  535 views
EU's New Climate and Competition Chiefs to Spearhead Clean Industrial Deal

EU's New Climate and Competition Chiefs to Spearhead Clean Industrial Deal

European Commission unveils new team focused on climate and competitiveness. Climate chief to set emission targets, while competition head supports EU businesses against foreign subsidies.

Economics, Politics •   •  524 views
EU Appoints First Defence Commissioner to Boost Arms Industry

EU Appoints First Defence Commissioner to Boost Arms Industry

The European Union has nominated its inaugural defence commissioner, focusing on enhancing the continent's arms industry and joint procurement. The role faces significant challenges amid rising security concerns.

Economics, Politics •   •  465 views
Major Fire Erupts at Greek Oil Refinery, Prompting Evacuations

Major Fire Erupts at Greek Oil Refinery, Prompting Evacuations

A significant fire broke out at a major oil refinery near Athens, Greece. Authorities issued evacuation alerts for the surrounding area as firefighters battled the blaze.

Business, Economics •   •  407 views
Algerian President Tebboune Begins Second Term After Landslide Victory

Algerian President Tebboune Begins Second Term After Landslide Victory

Abdelmadjid Tebboune sworn in for second term as Algerian president following a decisive electoral win. The ceremony marks the continuation of his leadership amid increased voter turnout and political debates.

Economics, Politics •   •  432 views
Canada's Inflation Hits 2% Target, Sparking Rate Cut Expectations

Canada's Inflation Hits 2% Target, Sparking Rate Cut Expectations

Canada's annual inflation rate reached the 2% target in August, with core prices at 40-month lows. This development fuels expectations for significant interest rate cuts by the Bank of Canada in the coming months.

Business, Economics •   •  470 views
Vanguard's Proxy Voting Pilot: Low Turnout, Big Ambitions

Vanguard's Proxy Voting Pilot: Low Turnout, Big Ambitions

Vanguard's recent proxy voting pilot saw minimal participation, but the company remains committed to expanding investor choice. The asset manager aims to overcome communication challenges and scale up the program by 2025.

Business, Economics •   •  430 views
SEC Fines 12 Municipal Advisors $1.3M for Communication Record Failures

SEC Fines 12 Municipal Advisors $1.3M for Communication Record Failures

The SEC has fined 12 municipal advisors over $1. 3 million for failing to preserve electronic communications. This action is part of a broader crackdown on "off channel" communications in the financial sector.

Business, Economics •   •  524 views
US Retail Sales Edge Up as Fed Weighs Interest Rate Cuts

US Retail Sales Edge Up as Fed Weighs Interest Rate Cuts

Retail sales in the US saw a modest 0. 1% increase in August, reflecting consumer resilience amid economic pressures. The Federal Reserve considers rate cuts as inflation eases to 2.5%.

Economics, Politics •   •  623 views
Kroger-Albertsons Merger Faces Triple Legal Challenge in Antitrust Battle

Kroger-Albertsons Merger Faces Triple Legal Challenge in Antitrust Battle

Kroger's $25 billion bid to acquire Albertsons encounters legal hurdles in three states. Regulators and state attorneys general argue the merger could increase grocery prices and impact workers.

Business, Economics, Politics •   •  2332 views
German Investor Confidence Plummets in September, ZEW Reports

German Investor Confidence Plummets in September, ZEW Reports

German economic sentiment index falls to 3. 6 points in September, significantly below expectations. ZEW president notes fading hopes for quick economic recovery as situation assessment reaches lowest point since May 2020.

Business, Economics •   •  7440 views
Sweden Boosts Defense Budget, Aligning with NATO Commitments

Sweden Boosts Defense Budget, Aligning with NATO Commitments

Sweden plans to increase its defense spending to 2. 4% of GDP in 2025, with further growth projected. This move follows the country's recent NATO membership and reflects ongoing regional security concerns.

Economics, Politics •   •  2405 views
Asian Markets Mixed as Fed Meeting Looms; U.S. Stocks Hit New Highs

Asian Markets Mixed as Fed Meeting Looms; U.S. Stocks Hit New Highs

Asian markets show mixed performance ahead of crucial Fed meeting. U.S. stocks reach new highs, with Dow Jones surpassing previous record. Investors eagerly await potential interest rate cut decision.

Business, Economics •   •  679 views
South African Consumer Confidence Hits 5-Year High in Q3 2023

South African Consumer Confidence Hits 5-Year High in Q3 2023

South African consumer sentiment improved in Q3 2023, reaching its highest level since 2019. Factors include potential interest rate cuts, lower inflation, and new retirement policies, though low-income households still face challenges.

Economics, Politics •   •  521 views
Russia Plans Major Fuel Pipeline Project in Republic of Congo

Russia Plans Major Fuel Pipeline Project in Republic of Congo

Russia agrees to construct a fuel pipeline in Congo, linking Pointe-Noire to Brazzaville. The project, with 90% Russian control, aims to strengthen Moscow's ties with Africa amid Western tensions.

Economics, Politics •   •  434 views
EU Commission Reshuffle: New Roles and Challenges Ahead

EU Commission Reshuffle: New Roles and Challenges Ahead

European Commission President set to assign key positions, focusing on competitiveness and defense. Gender balance efforts fall short as the EU's executive body prepares for upcoming challenges.

Economics, Politics •   •  665 views
India's Wholesale Inflation Eases to 1.31% in August, Below Estimates

India's Wholesale Inflation Eases to 1.31% in August, Below Estimates

India's wholesale price index rose 1. 31% in August, lower than economists' predictions. Food prices increased while fuel costs decreased, potentially influencing future monetary policy decisions.

Business, Economics •   •  690 views
Deadly Tribal Conflict Erupts Near Papua New Guinea Gold Mine

Deadly Tribal Conflict Erupts Near Papua New Guinea Gold Mine

Over 35 people killed in tribal violence near a gold mine in Papua New Guinea's Enga province. The conflict, linked to illegal mining, has halted operations and prompted a humanitarian response.

Society, Economics, Politics •   •  780 views
Gates Urges More Aid for Africa Amid Global Funding Shifts

Gates Urges More Aid for Africa Amid Global Funding Shifts

Bill Gates calls for increased support to African nations as development funds shift to Ukraine. Gates Foundation report highlights child malnutrition concerns and advocates for targeted interventions.

Society, Economics •   •  437 views
China Raises Retirement Age, Balancing Fiscal Needs and Social Impact

China Raises Retirement Age, Balancing Fiscal Needs and Social Impact

China approves gradual increase in retirement age to address demographic challenges and pension fund sustainability. The reform aims to bolster workforce amid economic slowdown, with cautious implementation over 15 years.

Society, Economics •   •  347 views
Australia-UAE Trade Deal: Tariff Cuts to Boost Exports by A$678 Million Annually

Australia-UAE Trade Deal: Tariff Cuts to Boost Exports by A$678 Million Annually

Australia and UAE reach a trade agreement, eliminating tariffs on 99% of Australian goods. The deal is expected to increase exports by A$678 million yearly and save A$135 million in the first year.

Business, Economics •   •  590 views