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US judge orders Argentina to sell 51% stake in oil firm YPF
US judge orders Argentina to sell 51% stake in oil firm YPF

A federal judge in New York ordered Argentina on Monday to sell its majority stake in oil firm YPF, the latest blow to Buenos Aires in a decade-long international legal saga. To partially satisfy the outstanding sum, Preska on Monday ordered Argentina to transfer its 51 percent stake of YPF to an intermediary, with instructions that the shares then be handed over to the plaintiffs.

by  AFP

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Shakira concerts give multimillion-dollar boost to Mexico
Shakira concerts give multimillion-dollar boost to Mexico
by  AFP

Shakira fans flocking to see the Colombian star in concert are generating tens of millions of dollars for Mexico, according to the local chamber of commerce, underscoring the economic signicifance of major musical events.

Trump to impose sharp tariff on countries buying Venezuelan oil
Trump to impose sharp tariff on countries buying Venezuelan oil
by  AFP

US President Donald Trump announced Monday steep tariffs on imports from countries buying oil and gas from Venezuela, a punitive measure that could hit China and India, among others, and sow fresh global trade uncertainty. These could hit China and India, with experts noting that Venezuela exports oil to both those countries, as well as the United States and Spain.

UK targets spending cuts to mend public finances
UK targets spending cuts to mend public finances
by  AFP

Britain's Labour government will deliver a highly anticipated fiscal update on Wednesday, with finance minister Rachel Reeves expected to detail billions of pounds of spending cuts to address the country's struggling economy.

Chinese EV giant BYD surpasses rival Tesla with record 2024 revenue
Chinese EV giant BYD surpasses rival Tesla with record 2024 revenue
by  AFP

Chinese carmaker BYD saw a surge in revenue last year, surpassing the $100 billion mark and beating rival Tesla as the electric vehicle giant accelerates its overseas expansion. That figure eclipsed the $97.7 billion in revenue last year announced previously by Tesla.

Greenland PM denounces US 'foreign interference' ahead of visit
Greenland PM denounces US 'foreign interference' ahead of visit
by  AFP

Greenland's prime minister, Mute Egede, accused Washington on Monday of interfering in its political affairs by sending a US delegation to the Danish territory, which is coveted by US President Donald Trump. - Coveted region - With no officials to welcome the US delegation, "they will be pushing this point that ok, nobody's in control here, there's a need for us to step in", Pram Gad said.