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Economía

Bitcoin tops 0,000 for the first time

Bitcoin hits $120,000 milestone for the first time

Bitcoin has reached a new all-time high, climbing above the $120,000 mark for the first time in its history. The digital asset, often seen as a barometer for the broader cryptocurrency market, continues to draw strong interest from institutional and retail investors alike, propelled by a mix of market optimism, macroeconomic factors, and increasing mainstream acceptance.This most recent increase in value represents an important milestone for Bitcoin, whose price has varied greatly over the years. From initial doubt and opposition from regulators to its present status as a commonly traded financial asset, Bitcoin's path has been far from traditional. Crossing…
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Asia is reeling from Trump's tariff salvo – is anyone winning?

Asia is reeling from Trump’s tariff salvo – what are the consequences?

The financial environment throughout Asia is facing increased unpredictability due to the recent series of tariff threats from ex-U.S. President Donald Trump. Trump's assertive approach to trade, a long-standing feature of his economic policies, is again affecting global markets, supply networks, and diplomatic interactions. With tensions climbing, analysts are debating if any side genuinely gains from this growing trade conflict.At the heart of the matter is Trump’s renewed focus on imposing tariffs as a means of addressing what he perceives as imbalances in the global trading system. In particular, Asian economies—many of which have built their growth strategies around export-driven…
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Reeves disappointed after economy unexpectedly shrinks

Economic shrinkage surprises, disappoints Reeves

The United Kingdom’s economy has recorded an unexpected contraction, prompting a response from Chancellor of the Exchequer Rachel Reeves, who voiced her concern over the latest figures and the implications they hold for the country’s economic recovery. The downturn has raised fresh questions about the resilience of the UK economy, the effectiveness of current fiscal policies, and the broader challenges that continue to weigh on growth.As reported by the latest figures, the economy contracted in the last quarter, taking aback numerous experts who had expected slight expansion or steady conditions. This downturn occurs while the UK is endeavoring to restore…
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Nutella’s parent company Ferrero is buying cereal maker WK Kellogg for .1 billion

Nutella’s parent company Ferrero is buying cereal maker WK Kellogg for $3.1 billion

In a significant development within the global food industry, Ferrero Group, the renowned Italian confectionery company best known for producing Nutella, has announced its agreement to acquire the cereal manufacturer WK Kellogg Co for a reported $3.1 billion. This strategic acquisition marks a major expansion for Ferrero, signaling its intent to strengthen its presence in the breakfast foods sector and broaden its footprint in the North American market.Ferrero, which has built its reputation over decades through iconic brands such as Ferrero Rocher, Kinder, and Tic Tac, has steadily diversified its portfolio beyond chocolates and sweets. The company’s decision to purchase…
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Brazil vows to match US tariffs after Trump threatens 50% levy

Brazil to impose equal tariffs as US after Trump warns of 50% levy

In an action highlighting ongoing strains in international trade connections, Brazil has declared its plan to implement matching tariffs following recent threats by former US President Donald Trump to establish a substantial 50% duty on some Brazilian products. This declaration represents the newest event in a sequence of economic strategies challenging the ties between two of the largest economies in the Western Hemisphere.The dispute was ignited when Trump, during a campaign rally, revisited an old complaint about what he considers to be inequitable trade practices by Brazil. In his speech, Trump highlighted the disparities in trade and emphasized the necessity…
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Lesotho declares state of disaster amid US tariff uncertainty

Lesotho’s disaster declaration follows US tariff uncertainty

Lesotho has formally announced a state of disaster in response to growing economic concerns linked to potential changes in United States trade policies. This declaration underscores the small African nation's vulnerability to international economic shifts and highlights the pressing need for both immediate assistance and long-term strategies to mitigate external risks.The future of Lesotho's preferential trade status under the African Growth and Opportunity Act (AGOA) is generating concerns. This U.S. law permits qualified sub-Saharan African nations to export products to the U.S. market without paying duties. Lesotho's economy, which relies significantly on textile exports, especially clothing, has greatly benefited from…
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US delays higher tariffs but announces new taxes for some countries

Increased tariffs delayed in US, new taxes announced for some nations

El gobierno de Estados Unidos ha comunicado su decisión de postergar los aumentos programados en los aranceles de una variedad de productos importados, al mismo tiempo que presenta nuevas medidas fiscales dirigidas a ciertos países. Esta medida refleja las continuas complejidades de las relaciones comerciales internacionales, ya que el gobierno estadounidense sigue equilibrando las prioridades económicas locales con las dinámicas globales cambiantes.The delay in raising existing tariffs offers temporary relief to several key trading partners and industries, many of which had expressed concerns over the potential economic fallout of higher import duties. At the same time, the decision to impose…
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Ramaphosa opposes Trump's 30% tariff on South Africa

Ramaphosa rejects Trump’s 30% tariff on South Africa

Cyril Ramaphosa, the President of South Africa, has openly voiced his disapproval of the suggested 30% duty on South African products, which was recently introduced by the former U.S. leader Donald Trump. This tariff suggestion, part of a broader economic plan associated with shifts in trade, has sparked worries not just in South Africa but also among worldwide trade analysts who dread its possible effects on international relations and developing market economies. The proposed tariff, aimed specifically at South African exports to the United States, is part of Trump’s ongoing rhetoric emphasizing national self-interest and the protection of American industries.…
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