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Tag: BLOOMBERG

Companies

China’s $1.4 Billion Investment to Upgrade TAZARA Railway

March 20, 2025March 20, 2025 - by Allegra Nguyen - Leave a Comment

China Civil Engineering Construction Corp (CCECC) is investing $1.4 billion to modernize the TAZARA railway line linking Zambia’s copper mines to Tanzania’s largest port, aiming to address existing operational challenges, …

China’s $1.4 Billion Investment to Upgrade TAZARA Railway Read More
Companies

Jio Financial and Allianz SE Collaborate for New Insurance Venture in India

March 20, 2025March 20, 2025 - by Carmen Mendez - Leave a Comment

Jio Financial Services and Allianz SE have made a preliminary agreement to create an insurance business in India, following Allianz’s sale of its stake in a Bajaj Finserv joint venture. …

Jio Financial and Allianz SE Collaborate for New Insurance Venture in India Read More
Business / Companies / economics

Brazil’s Central Bank Increases Interest Rate Amid Rising Inflation Concerns

March 20, 2025March 20, 2025 - by Marcus Chen - Leave a Comment

Brazil’s Central Bank has raised its benchmark interest rate to 14.25% for the third consecutive time to address inflation, which has surged to 5.06% due to rising costs in essential …

Brazil’s Central Bank Increases Interest Rate Amid Rising Inflation Concerns Read More
Companies

Colombia Aims to Shift Electricity Debt to Prevent Utility Closures

March 20, 2025March 20, 2025 - by Liam Nguyen - Leave a Comment

Colombia’s Energy Minister proposes that wealthier households and corporations take on government debts owed to power distributors to avert utility closures. The proposal needs Congress’s approval and comes in light …

Colombia Aims to Shift Electricity Debt to Prevent Utility Closures Read More
Business / Companies / economics

Argentina’s Economy Shows Growth Amid Anticipated IMF Agreement

March 20, 2025March 20, 2025 - by Sofia Nawab - Leave a Comment

Argentina’s economy experienced a 1.4% growth in Q4 2024, its second consecutive quarter of expansion under President Javier Milei. This growth, along with a potential IMF agreement, enhances Milei’s electoral …

Argentina’s Economy Shows Growth Amid Anticipated IMF Agreement Read More
Business / economics

Congress Supports Milei’s Decree for New IMF Agreement in Argentina

March 20, 2025March 20, 2025 - by Marcus Chen - Leave a Comment

Argentina’s lower house of Congress approved President Milei’s decree to support a new IMF deal. The legislation, which only required one chamber’s approval, facilitates the announcement of programme details. Protests …

Congress Supports Milei’s Decree for New IMF Agreement in Argentina Read More
Global news

Potential Putin-Trump Meeting in Saudi Arabia Amid Ukraine Ceasefire Discussions

March 20, 2025March 20, 2025 - by Liam Nguyen - Leave a Comment

A potential summit between Vladimir Putin and Donald Trump may occur in Saudi Arabia, focusing on negotiations for a ceasefire in Ukraine. US Special Representative Steve Witkoff expressed optimism about …

Potential Putin-Trump Meeting in Saudi Arabia Amid Ukraine Ceasefire Discussions Read More
Climate change

Cyclone Jude Leaves 17 Dead and Causes Extensive Damage in East Africa

March 19, 2025March 19, 2025 - by Carmen Mendez - Leave a Comment

Cyclone Jude has led to 17 fatalities, with 16 in Mozambique and 1 in Madagascar. The cyclone has caused severe injuries, displacement of thousands, and damage to infrastructure. Approximately 400,000 …

Cyclone Jude Leaves 17 Dead and Causes Extensive Damage in East Africa Read More
Business

Codelco Considers I-Pulse Technology to Enhance Mining Operations

March 19, 2025March 19, 2025 - by Sofia Nawab - Leave a Comment

Codelco is exploring a partnership with I-Pulse Inc., led by Robert Friedland, to utilize pulsed power technology for rock fragmentation. This collaboration aims to enhance mining efficiencies and reduce environmental …

Codelco Considers I-Pulse Technology to Enhance Mining Operations Read More
Technology

Ecuador’s Petroecuador Declares Force Majeure Due to Oil Spill Crisis

March 19, 2025March 19, 2025 - by Marcus Chen - Leave a Comment

Ecuador’s Petroecuador declared force majeure on the SOTE pipeline after a landslide caused an oil spill, impacting export commitments, particularly to Shell Plc. The spill contaminated the Esmeraldas River, prompting …

Ecuador’s Petroecuador Declares Force Majeure Due to Oil Spill Crisis Read More

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