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Business trade

Colombia and Venezuela sign deal to revive trade

 Colombia and Venezuela on Thursday signed an agreement to revive trade between the two countries during a ceremony on a border bridge at which Colombia’s President Gustavo Petro and Venezuela’s President Nicolas Maduro both signed. The deal “updates everything having to do with tariffs, with goods traded, (and) lays the foundations for a new dynamic, […]

Business Energy

Canada unveils sustainable jobs plan to prepare workers for future green economy

 Canada on Friday released a long-awaited sustainable jobs plan, laying out how the federal government plans to help train workers for roles in the coming clean energy economy as the world aims for net-zero carbon emissions by 2050. The plan, to be followed by legislation later this year, includes steps such as setting up a […]

Business Finance

Powerful Tunisian trade union defies president with mass protests

Thousands of members of Tunisia’s powerful UGTT trade union took to the streets of eight cities on Saturday to protest against President Kais Saied’s policies, accusing him of trying to stifle basic freedoms including union rights. The protests in eight cities marked an escalation in the union’s confrontation with Saied and followed its criticism of […]

Environment World

Cyclone death toll in New Zealand rises to nine as recovery continues

The death toll from Cyclone Gabrielle in New Zealand rose to nine on Saturday as the clean-up continued on the battered North Island and authorities worked to find missing people. The cyclone hit the uppermost region of the North Island on Sunday and tracked down the east coast, causing widespread devastation. Police on Saturday said […]

World

Leaders of Armenia, Azerbaijan set for first meeting since October

The leaders of Armenia and Azerbaijan are set to meet for the first time since October at trilateral talks with U.S. Secretary of State Antony Blinken in Munich on Saturday, the U.S. State Department said. Tensions have escalated between the two South Caucasus nations over a two-month blockade of the Lachin corridor, the only land route giving […]

Economy World

Time to step up policy coordination in the euro area

The euro area economy has weathered the shock emanating from Russia’s invasion of Ukraine with impressive resilience. In spite of initial worst-case scenarios, it now looks like the euro area could avoid a recession altogether and recent readings suggest that inflation rates may have peaked already. Irrespective of these positive macroeconomic developments, risks abound on […]

Business Technology

China’s Lenovo posts worst revenue fall in 14 years as PC demand slumps

China’s Lenovo Group Ltd reported a 24% revenue decline for the third quarter, its largest revenue fall in 14 years as global demand for electronics slumped, and said it would look to cut spending and make workforce adjustments. The world’s largest maker of personal computers (PCs) said on Friday that total revenue during the October-December quarter […]

Business Technology

Exclusive: Microsoft’s Bing plans AI ads in early pitch to advertisers

Microsoft has started discussing with ad agencies how it plans to make money from its revamped Bing search engine powered by generative artificial intelligence as the tech company seeks to battle Google’s dominance. In a meeting with a major ad agency this week, Microsoft showed off a demo of the new Bing and said it plans […]