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IMF confirms talks with Argentina about new loan agreement
The IMF and Argentina have begun negotiations over a new loan agreement as the current program draws to a close, a spokesperson for the international financial institution confirmed Thursday. The IMF's current 30-month loan agreement with the South American country expires on December 31, and is worth around $44 billion, making it the largest program it has.
Thousands of US Amazon staff strike days before Christmas
Thousands of Amazon workers on Thursday launched what they called the "largest strike against Amazon in US history" seeking to maximize pressure on the retail behemoth at the height of the holiday shopping season. In Germany, an affiliate of the union ver.di also launched a stoppage at an Amazon facility in the western part of the country, saying it was operating in solidarity with the US union.
Tariffs could cause 'massive' price increases: Top Biden advisor
Sweeping tariffs under consideration by Donald Trump could cause "massive" increases to the cost of producing everyday goods including coffee and chocolate, President Biden's top economic advisor said Thursday. "So you could see a real, massive change in their cost structures, which would lead to massive increases in their prices."
Turkey's Pegasus Airlines says to buy 200 Boeing 737 aircraft
Turkey's Pegasus Airlines said Thursday it would buy 200 Boeing 737 MAX 10 aircraft in its largest-ever order worth some $36 billion as it seeks to expand its service. "Pegasus has signed an agreement with The Boeing Company for 200 Boeing 737-10 aircraft," the low-cost airline said in a statement that valued the "historic" contract at "approximately $36 billion".
US govt shutdown looms as Trump, Musk kill funding deal
The United States was staring down the barrel of a holiday-period government shutdown Thursday as a late-hour intervention by Donald Trump and Elon Musk threatened efforts in Congress to keep the lights on through the New Year.
Amazon workers in US strike days before Christmas
Thousands of workers at Amazon facilities across the United States went on strike Thursday, the Teamsters Union said, halting work at the height of the busy holiday gift-giving season. Less than a week before the Christmas holiday, the strike threatens a significant disruption of deliveries of Amazon orders as Americans rush to send last-minute gifts.
BoE holds interest rate after inflation rise
The Bank of England on Thursday kept its key interest rate at 4.75 percent, deciding against a cut in line with the US Federal Reserve, as UK inflation rises again. The BoE reduced its key interest rate in August for the first time since early 2020, from a 16-year high of 5.25 percent as UK inflation returned to normal levels.
Portugal, Spain, France bust contaminated seafood ring
A European operation has spared revellers a potential food poisoning nightmare before Christmas, seizing 30 tonnes of molluscs illegally fished in polluted waters and arresting 62 suspects, authorities said on Thursday. Law enforcement in Portugal, France and Spain seized the molluscs and six tonnes of glass eels worth up to 10 million euros ($10.4 million) on the seafood market, Europol said.
US-based Friedkin Group complete Everton takeover
The US-based Friedkin Group have completed the takeover of Everton, the Premier League club announced Thursday. The Premier League said the Friedkin Group had purchased a 98.8 percent stake in Everton which becomes the 10th English top-flight club under majority American ownership.
AFP
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