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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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Cryptocurrency promoted by Argentina's Milei crashes
Cryptocurrency promoted by Argentina's Milei crashes
by  AFP

Argentina's President Javier Milei admitted making a mistake on Saturday after promoting a cryptocurrency whose value soared and then crashed, with his office announcing an "urgent investigation".

Trump tariffs fuel US auto anxiety
Trump tariffs fuel US auto anxiety
by  AFP

A flood of presidential trade policy announcements has kept US automakers on edge since Donald Trump returned to the White House last month. Auto analysts believe foreign automakers may in the coming months unveil plans to expand or build new factories in the United States.

China winter sports sector zooms along despite climate risk ahead
China winter sports sector zooms along despite climate risk ahead
by  AFP

Packed slopes, plush turtle butt pads and 11-dollar passes: this is low-cost skiing in China, where winter sports are on a government-greased track to take in a projected $137 billion this year. The cheapest daytime passes at the two-slope ski area cost around $11 for two hours, including gear hire.

Trump tariffs loom large in South Korea's 'steel city'
Trump tariffs loom large in South Korea's 'steel city'
by  AFP

Smoke billows from chimneys as factories churn in South Korea's steelmaking heartland, now under threat from Washington's swingeing new tariffs on the port city's largest export. It is home to the nation's top steelmaker, POSCO, a major force in South Korea's industrialisation and development as an export powerhouse, alongside giants like Hyundai Steel and Dongkuk Steel.

Spanish tourist hotspot Malaga to ban horse-drawn carriages
Spanish tourist hotspot Malaga to ban horse-drawn carriages
by  AFP

A pair of tourists admire the shimmering Mediterranean from their horse-drawn carriage on the seaside promenade in Spain's southern port of Malaga -- a postcard image whose days are numbered. Animal rights activists criticise horse-drawn carriages for tourists because of the strain they put on the animals, especially during the searing summer heat.

OpenAI board rejects Elon Musk-led buyout offer
OpenAI board rejects Elon Musk-led buyout offer
by  AFP

OpenAI's board chairman on Friday said it has unanimously rejected an Elon Musk-led offer to buy the hot artificial intelligence company for $97.4 billion. "OpenAI is not for sale, and the board has unanimously rejected Mr. Musk's latest attempt to disrupt his competition," chairman of the board Bret Taylor said in a statement posted by the company on Musk-owned X, formerly Twitter.