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US says working on new $20 bn 'facility' for Argentina
US Treasury Secretary Scott Bessent on Wednesday said he was working to help corral the private sector around a new $20 billion "facility" to support Argentina's embattled economy. Bessent added that he had spent "weeks" working on the private-sector solution to Argentina's upcoming debt payments, which would come on top of the $20 billion US swap line the US Treasury recently set up.
Canada fears for auto jobs after Stellantis announces US investment
Canadian leaders said Wednesday that Jeep-maker Stellantis's decision to invest $13 billion in the United States threatens Canadian jobs, urging action to counter what they called another casualty of President Donald Trump's trade war.
US Treasury chief: Beijing's rare earths move is 'China vs world'
US Treasury Secretary Scott Bessent slammed Beijing's rare earth export curbs Wednesday as "China versus the world," vowing that Washington and its allies would "neither be commanded nor controlled." But he expressed hope that China would back off its rare earth curbs.
Greece weighs disputed 13-hour workday reform
Greece's parliament on Wednesday debated a controversial reform proposed by the conservative government, which would allow 13-hour workdays under exceptional circumstances, drawing fire from unions and opposition parties. But opposition parties and unions argue that workers will risk layoffs if they refuse longer hours.
'Absolutely critical' to boost growth in Europe: IMF official
It is absolutely critical for European countries to boost growth and productivity to catch up with the United States, a senior IMF official told AFP, calling on policymakers to make "smarter" spending choices.
Pokemon brushes up decades-old formula with 'Legends: Z-A'
New challenges will test Pokemon trainers' reactions in their virtual beast battles, as the near-30-year-old saga's latest instalment hits Nintendo consoles on Thursday. The beasts' often-cute appearance belies their fearsome powers, which players can deploy in battles against other trainers.
Huge telecom takeover bid raising alarms in France is rejected
French telecom firm SFR on Wednesday rejected a buyout bid by three rivals, as the government and labour unions warned the deal could harm consumers and employees.
Award-winning Nigerian agronomist dreams of a cassava 'revolution'
Mercy Diebiru-Ojo's ambitions are straightforward -- increase Nigerian yam and cassava yields by 500 percent, fight hunger and raise her country's position on the agricultural value chain from a mere grower to a processor.
Ethiopia's weavers struggle to keep garment tradition alive
Behind the looms of a workshop in the heart of Addis Ababa, dozens of weavers deftly repeat the same motions to craft traditional dresses -- a centuries-old skill now threatened by Ethiopia's economic hardships.
AFP
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