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Mexico touts foreign investments as IMF warns about reforms
Mexico touts foreign investments as IMF warns about reforms
by  AFP

Seeking to calm investor jitters over controversial judicial reforms, Mexico's new president said Tuesday that four foreign companies would invest around $20 billion in the Latin American nation next year. While the confirmed total was more than $20 billion, actual investments could exceed $30 billion by 2025, he said.

Trump's crypto platform falters on first day of sales
Trump's crypto platform falters on first day of sales
by  AFP

Former US president Donald Trump's cryptocurrency platform had a faltering sales launch Tuesday, with only a fraction of its digital tokens that went on the market finding a buyer. The tokens can be used as cryptocurrencies and give buyers a vote on the platform's governance.

Italy turns to banks to balance tight budget
Italy turns to banks to balance tight budget
by  AFP

Italian lawmakers adopted a draft 2025 budget late Tuesday financed in part by banks and insurance companies while also offering tax cuts for low-income families, a priority issue for far-right Prime Minister Giorgia Meloni.

United announces $1.5 bn share buyback as earnings top estimates
United announces $1.5 bn share buyback as earnings top estimates
by  AFP

United Airlines announced a $1.5 billion share buyback on Tuesday as its earnings for the third quarter topped analyst estimates. Alongside its earnings, United also announced a new $1.5 billion share repurchase program -- its first since the onset of the Covid-19 pandemic.

Turkish govt delays tax plan to fund defence industry
Turkish govt delays tax plan to fund defence industry
by  AFP

The Turkish government on Tuesday postponed until 2025 a parliamentary debate on a proposed tax on credit cards, which it sought to fund the arms industry as conflict rages in its neighbourhood. The bill stipulated that people with a credit card limit of at least 100,000 liras (nearly $3,000) would have to pay an annual 750 lira ($22) in tax from January to bolster the defence industry.

Trump says 'obnoxious' tariffs will bring factories to US
Trump says 'obnoxious' tariffs will bring factories to US
by  AFP

US Republican candidate Donald Trump on Tuesday said that companies will drop plans to build factories overseas when faced with the threat of high tariffs on shipping goods to the United States. "The higher the tariff, the more likely it is that the company will come into the United States," the former president Trump told an audience at the Economic Club of Chicago.