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Tag: BLOOMBERG

Business / economics

Brazil’s Consumer Prices Surge, Intensifying Inflation Concerns for Lula

March 12, 2025March 12, 2025 - by Sofia Nawab - Leave a Comment

Brazil’s consumer prices increased by 1.31% in February, marking the highest jump since 2022, causing concerns for President Lula. Annual inflation reached 5.06% with significant rises in housing and education …

Brazil’s Consumer Prices Surge, Intensifying Inflation Concerns for Lula Read More
Business / economics

TotalEnergies’ Mozambique LNG Seeks Crucial US Loan for Project Revival

March 12, 2025March 12, 2025 - by Marcus Chen - Leave a Comment

TotalEnergies SE is awaiting a critical decision from the US Export-Import Bank regarding a $4.7 billion loan for its $20 billion liquefied natural gas facility in Mozambique. The project has …

TotalEnergies’ Mozambique LNG Seeks Crucial US Loan for Project Revival Read More
Business / Companies / economics

Absa CEO Urges Policy Certainty for Economic Growth in South Africa

March 12, 2025March 12, 2025 - by Carmen Mendez - Leave a Comment

Charles Russon, CEO of Absa, stresses the importance of macroeconomic consistency for South African growth during an interview. The upcoming budget presentation is critical for investment stability as South Africa …

Absa CEO Urges Policy Certainty for Economic Growth in South Africa Read More
Business / economics / Global news

Argentina’s President Milei Signs Decree to Advance IMF Programme Negotiations

March 11, 2025March 11, 2025 - by Sofia Nawab - Leave a Comment

President Javier Milei signed an emergency executive decree to facilitate a new IMF deal, bypassing Congress’s typical approval process. The government claims that borrowing from the IMF will help reduce …

Argentina’s President Milei Signs Decree to Advance IMF Programme Negotiations Read More
Politics

Ecuador President Noboa’s Oil Field Plan Faces Collapse Ahead of Election

March 11, 2025March 11, 2025 - by Allegra Nguyen - Leave a Comment

Ecuador’s President Daniel Noboa is experiencing turmoil over his Sacha oil field revitalization plan, facing criticism and potential electoral defeat. His ultimatum to the foreign consortium risks jeopardizing vital investment …

Ecuador President Noboa’s Oil Field Plan Faces Collapse Ahead of Election Read More
Politics

President Mahama Urges IMF and World Bank to Respect Ghana’s Cultural Sovereignty

March 10, 2025March 10, 2025 - by Allegra Nguyen - Leave a Comment

President John Dramani Mahama has cautioned the World Bank and IMF against interfering in Ghana’s internal matters, especially regarding LGBTQ+ rights. He contends that these institutions should confine themselves to …

President Mahama Urges IMF and World Bank to Respect Ghana’s Cultural Sovereignty Read More
Global news

North Korea Conducts Ballistic Missile Launches Amid Rising Tensions

March 10, 2025March 10, 2025 - by Carmen Mendez - Leave a Comment

North Korea has launched several ballistic missiles, marking the first such activity since Donald Trump’s return to power. The launches, likely involving short-range missiles, followed strong criticism directed at joint …

North Korea Conducts Ballistic Missile Launches Amid Rising Tensions Read More
Business / economics

Trump Administration to Provoke Further Sanctions on Venezuela Operations

March 10, 2025March 10, 2025 - by Allegra Nguyen - Leave a Comment

The Trump administration is preparing to order more companies to cease operations in Venezuela, following orders to Chevron. Companies like Etablissements Maurel & Prom and those owned by Harry Sargeant …

Trump Administration to Provoke Further Sanctions on Venezuela Operations Read More
Business / economics

Ghana’s Economic Growth Faces Challenges Amid Cocoa Sector Decline

March 10, 2025March 10, 2025 - by Allegra Nguyen - Leave a Comment

Ghana’s economic growth slowed to 3.6% in Q4 2024 from 7.2% in Q3. Industrial growth was minimal at 0.2%, and agriculture grew by 2.9%. The cocoa sector suffered a 21.4% …

Ghana’s Economic Growth Faces Challenges Amid Cocoa Sector Decline Read More
Companies

Hess Corp. Asserts Confidence in Winning Exxon Mobil Arbitration Related to Chevron Merger

March 10, 2025March 10, 2025 - by Allegra Nguyen - Leave a Comment

Hess Corp. is confident of winning arbitration with Exxon Mobil Corp. over a claim involving its stake in the crucial Stabroek block for a $53 billion Chevron takeover. CEO John …

Hess Corp. Asserts Confidence in Winning Exxon Mobil Arbitration Related to Chevron Merger Read More

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