Asian markets fluctuate ahead of expected US rate cut
Asian markets were mixed Monday as traders geared up for an expected interest rate cut by the Federal Reserve this week. Equities have enjoyed a strong run-up over recent weeks as a string of data on jobs and inflation provided the US central bank with enough leeway to resume its rate reductions. Wednesday’s policy decision […]
Chinese factory, consumer activity slow amid economy struggles
China’s economy showed further signs of weakness last month, with key data Monday revealing factory output and consumption rising at their weakest pace for around a year. Beijing has struggled to fully reignite the world’s number two economy since the end of the Covid-19 pandemic, with the once-booming property sector mired in a debt crisis […]
US ‘very close’ to TikTok deal with China: US Treasury chief
The United States is “very close” to a deal with China to settle their dispute over TikTok, US Treasury Secretary Scott Bessent said Monday as the two sides resumed trade talks in Madrid. Bessent and Chinese Vice Premier He Lifeng opened the latest round of discussions in Madrid on Sunday, seeking to narrow differences on […]
Colombia coal exports plummet after ban on Israel sales
Colombia’s coal exports fell by almost half in July compared to the same month last year, official figures showed Wednesday, amid a global price crisis and days after President Gustavo Petro’s ban on sales to Israel. Colombia is Latin America’s leading coal producer but the sector has contracted for five consecutive quarters due to the […]
Record French fines for Google and Shein over cookies
France’s data protection authority on Wednesday issued record fines against search giant Google and fast-fashion platform Shein for failing to respect the law on internet cookies. The two groups, each with tens of millions of users in France, received two of the heaviest penalties ever imposed by the CNIL watchdog: 150 million euros ($175 million) […]
Asia markets tick up after Wall Street rebound
Asian stock markets were mostly up Thursday morning, tracking gains made on Wall Street as a weak labour market report in the United States boosted hopes for an interest-rate cut. European and US equities rebounded Wednesday as a global bond selloff eased, with shares in Google parent Alphabet jumping after a favourable court ruling. Meanwhile, […]
Jury tells Google to pay $425 mn over app privacy
A US federal jury on Wednesday ordered Google to pay about $425 million for gathering information from smartphone app use even when people opted for privacy settings, the company confirmed. “This case is about Google’s illegal interception of consumers’ private activity on consumer mobile applications (apps),” attorneys for the plaintiffs charged in a class action […]
Trump’s pick for US Fed governor vows to uphold independence
Donald Trump’s pick to join the Federal Reserve’s board of governors pledged Thursday to uphold US central bank independence if confirmed, as the institution faces growing political pressure from the president to slash interest rates. “The Federal Open Market Committee is an independent group with a monumental task, and I intend to preserve that independence,” […]
Reinerstrom Launches Major Expansion Across Central America, Ushering in a New Era of Fintech-Powered Clean Energy Access
In a bold move that signals the growing convergence of financial technology and renewable energy, Reinerstrom—a leading Latin American fintech focused on solar energy—has announced a significant regional expansion, adding multiple solar farms across Central America and preparing for a landmark investment initiative this November. Founded by visionary entrepreneur Frederick Peter Gimpel, Reinerstrom is redefining […]
From Vision to Impact: How Juan David Cadavid Ospina is Building a Global Ecosystem of Purpose-Driven Enterprises
In a world where entrepreneurship is often reduced to numbers and quarterly projections, Juan David Cadavid Ospina stands out with a refreshing approach: building companies that serve not just markets, but humanity. From an early age, Ospina knew he was destined to be a builder—not just of businesses, but of opportunities. With a degree in […]