Business and Economy

Business and Economy Latest News

IMF urges Germany to enact 'pro-growth' reforms
IMF urges Germany to enact 'pro-growth' reforms
by  AFP

The International Monetary Fund said Wednesday that Germany's public spending ramp-up must be accompanied by "pro-growth" reforms to ensure Europe's beleaguered top economy makes a sustained recovery. There is growing unease about Merz's economic plans however -- critics say public spending is moving too slowly, is being misdirected, and there is little focus on deep reform.

China likely to bid on building new Panama Canal ports
China likely to bid on building new Panama Canal ports
by  AFP

China is among parties interested in bidding to build two new ports on the Panama Canal, its administrator said Tuesday, despite US talk of retaking control of the vital trade route. The Panama Canal Authority, which has begun meeting with interested parties ahead of the bidding process, plans to award contracts for the two terminals in late 2026 and begin operations in 2029.

Pele's brand acquired by family business of Neymar Jr.
Pele's brand acquired by family business of Neymar Jr.
by  AFP

Iconic footballer Pele's brand came under the ownership of another prominent Brazilian athlete, Neymar Santos Jr., after the company owned by his father said Tuesday it had bought the rights to use it. Neymar Santos Sr., owner of NR Sports, announced the news at the Pele Museum in Santos, the coastal Brazilian city made famous by the legendary late player.

Energy

Money

Industry

Technology

Economy