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.
Sweden, Finland, Norway and Lithuania plan to beef up military capabilities around the Baltic Sea with a joint order for several hundred CV90 combat vehicles, Swedish Prime Minister Ulf Kristersson said Tuesday. "Our focus right now is on a potential coordinated acquisition of the CV90 infantry fighting vehicles with Sweden, Lithuania, Finland and Norway together," Kristersson said.
The union had earlier issued an ultimatum to NIMET stating their demands. With the expiration of the ultimatum, strike commences tonight at all Nigerian airports.
The US dollar has hit its lowest in three years following President Donald Trump's tariff policies, while the Nigerian naira appreciated against the euro
Policymakers should find a way to reduce the uncertainty over trade policy kicked up by Donald Trump's tariff plans in order to boost global growth, the International Monetary Fund's chief economist said in an interview.
The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the effect of US President Donald Trump's new tariff policies on the world economy.
The IMF said Tuesday it now believed China's economy will only grow by four percent this year, well below Beijing's official target as it fights a mounting trade war with the United States that threatens to hammer the global economy.
The first US official to visit Southeast Asia since Washington announced punitive tariffs on the region's countries on Tuesday issued a robust defence of President Donald Trump's foreign policy approach. The two-day meeting between Washington and the 10-country Association of Southeast Asian Nations bloc is being held in the city of Siem Reap.
Swiss pharmaceutical giant Roche on Tuesday announced plans to invest $50 billion in the United States over the next five years. "Our investments of $50 billion over the next five years will lay the foundation for our next era of innovation and growth, benefiting patients in the US and around the world." noo/ach/rjm
Paris has everything -- stunning architecture and arguably the best food and fashion in the world. That may be about to change thanks to one of the wealthiest families in the world.
Economy
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