New York, US (EFE).— Oracle co-founder Larry Ellison became the world’s richest person on Wednesday after a surge in the company’s stock boosted his net worth to 393 billion dollars, according to the Bloomberg Billionaires Index. Ellison, 81, who serves as Oracle’s chairman and chief technology officer, saw his fortune jump by 101 billion dollars … Read more
Washington, Aug 4 (EFE). – United States President Donald Trump announced Monday that he will increase tariffs on Indian exports because the country continues to buy Russian oil. “India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big … Read more
By Christian Sandoval America Desk (EFE).- New tariffs imposed by United States President Donald Trump’s administration on coffee imports are shaking Latin America’s coffee industry, threatening key export economies like Brazil, Colombia, and Mexico just as US retail prices reach an 8-dollar-per-pound record. The measures, taking effect Aug. 1, aim to reshape trade ties but … Read more
Bangkok, May 26 (EFE).— Vietnamese low-cost carrier VietJet Air signed an agreement on Monday with European aerospace giant Airbus to purchase 20 A330-900neo wide-body aircraft, coinciding with the visit of French President Emmanuel Macron to Hanoi as part of his Southeast Asia tour. VietJet President Nguyen Thi Phuong Thao signed the deal in the Vietnamese … Read more
Washington, Apr 23 (EFE) – Treasury Secretary Scott Bessent said Wednesday that the United States would seek a significant overhaul of the International Monetary Fund and the World Bank. “The IMF and World Bank serve critical roles in the international system,” Bessent said, adding that “President Donald Trump Administration is eager to work with them … Read more
By Natalia Kidd Buenos Aires, April 12 (EFE) – Argentine President Javier Milei’s decision to lift the exchange rate cap after securing millions in International Monetary Fund and other loans is a “bold” move in a complex global context, which could lead to sudden devaluation of the Argentine peso and inflation. However, as announced on … Read more
Washington, Apr 4 (EFE). – United States President Donald Trump’s announcement of widespread tariffs has not only caused international concern but also raised alarms on Friday about possible inflation in the US and even sparked a backlash within the Republican Party. On Wednesday, Trump imposed global tariffs of 10% on all imports, with higher taxes … Read more
Washington, Mar 13 (EFE).- US President Donald Trump Thursday threatened to slap a 200 percent tariff on European wine and spirits in retaliation for Brussels’ plan to tax American whiskey imports, a move that risks deepening the ongoing transatlantic trade dispute. Declaring the European Union was “created to take advantage” of the US, Trump warned … Read more
Washington, Feb. 13 (EFE). – United States President Donald Trump announced Thursday during a White House meeting with Indian Prime Minister Narendra Modi that the Asian country will buy more oil and gas from the US to reduce the trade imbalance. “We have more oil and gas than any other country in the world by … Read more
Washington, Feb 12 (EFE).— The United States will impose a 50 percent tariff on aluminum and steel imports from Mexico and Canada, as the 25 percent duty announced earlier by President Donald Trump will be compounded by existing tariffs on goods from both countries, a White House official told EFE. As a result, Mexico and … Read more
Washington, Feb 11 (EFE).- United States President Donald Trump signed an executive order on Tuesday to “significantly reduce the size of government” by instructing the heads of federal departments and agencies to implement plans for “large-scale reductions in force.” Trump’s latest order directs the federal government to implement a “workforce optimization initiative” created by Elon … Read more
Brussels/Strasbourg, France, Feb 11 (EFE).- European Commission President Ursula von der Leyen said Tuesday that the EU would respond with “firm and proportionate countermeasures” to the 25 percent tariffs on all steel and aluminum imports imposed by US President Donald Trump the previous day. “I deeply regret the US decision to impose tariffs on European … Read more