Argentina managed to comply with the reduction of the fiscal deficit and the Central Bank’s reserve purchase specifications, established by the International Monetary Fund, for which it will receive a disbursement of USD 800 million in June.

The South American country passed the IMF’s eighth review of these two key agreements, so the Milei government was not forced to request “a waiver” to obtain a disbursement next month.

The IMF statement said: “Based on better-than-expected results – all performance criteria for the first quarter were over-met – IMF staff and Argentine authorities reached an understanding on policies to continue strengthening the disinflation process, reconstitute international reserves, support the recovery and keep the program firmly on track.”

Monitoring by the international organization in Argentina continues; In fact, the agreements will be reviewed in the coming weeks to approve other disbursements according to the agreement.

Despite the fact that Milei received a country in crisis, the IMF recognized achievements such as “the first quarterly fiscal surplus in 16 years, the rapid fall in inflation, the change in the trend of international reserves and a strong reduction in sovereign risk.”

Changes are still expected in key sectors, such as fiscal, monetary and exchange policy, as well as macroeconomic reforms.

M.Pino

Source: ambito

(Reference image source: Juan Pablo Mascanfroni en Unsplash)

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YouTube announced that starting from June 26, the option to create stories will no longer be available on the platform, and those published on the same day will expire seven days after being first shared.

Stories are short videos that have a lifespan of one week and can only be created with mobile devices. With them, content creators can connect with their audiences in an informal way, no matter where they are.

Until now, this format was in beta phase and available to channels with over 10,000 subscribers, although once a channel reaches this audience, the functionality may take up to seven days to appear.

YouTube does not allow creating these stories if the channel’s content has been marked as made for kids or if this audiovisual content application is being used through a supervised account.

The company has now announced that the option to create stories will no longer be available starting from June 26 of this year, and those published on the same day will have their usual duration of seven days, after which they will disappear.

YouTube has stated that although this format will disappear, it considers other alternatives it offers, such as YouTube Shorts and Community posts, as “excellent alternatives that can provide valuable connections and conversations with the audience”.

Finally, in a statement, YouTube expressed its commitment to “invest in new and innovative tools” to help content creators increase their audience on YouTube.

Source: dpa

(Reference image source: Christian Wiediger, Unsplash)

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The PixelOpus video game developer, belonging to Sony Interactive Entertainment, announced the cessation of its activity as of June 2, as part of the result of a recent review process of the Japanese manufacturer in which its closure was decided.

PixelOpus is an American studio that was launched in 2014 as part of Sony, managing to publish well-known titles such as Entwined, released that same year, and Concrete Genie, which was published in 2019. Currently, it was working on a project in collaboration with Sony Pictures Animation.

The developer has announced its closure as of June 2nd, as detailed in a Twitter post, where it has indicated that “the adventure has come to an end”, but also stressed that they look “towards new futures”.

Likewise, the PixelOpus team wanted to thank “the millions of passionate gamers” who have supported their “mission” to create “beautiful and imaginative games with heart.”

In this regard, as detailed by Sony in a statement, the closure of PixelOpus was completed after carrying out one of the regular evaluations of its “portfolio and the status of studio projects“, in order to guarantee that the strategic objectives are met. of the organization in the short and long term.

Source: dpa

(Reference image source: Igor Karimov, Unsplash)

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Apple plans to delay the presentation of its mixed reality headset until the Worldwide Developers Conference (WWDC), which usually takes place in June, according to Bloomberg.

At this event, the company often highlights the latest innovations in iOS, iPadOS, macOS, watchOS, and tvOS, connecting developers with Apple engineers and technologies to continue creating new apps and interactive experiences.

Apple’s first headset, which combines virtual reality and augmented reality technologies, was scheduled to be released in January 2023. In late December, analyst Ming Chi-Kuo said it would be delayed due to “software-related difficulties.”

Already in early January, Bloomberg journalist Mark Gurman pointed out that this device, whose initial name is Reality Pro and is known internally as N301, would arrive in the fall of this year because the company still “has many problems to solve with the device, involving ‘hardware’, ‘software’ and services”.

Now, Gurman has indicated that the company will postpone the presentation of the helmet from April to June, according to people related to the company. At this developer event, Apple will tell all the details of the viewer.

The journalist recalled that these headphones will have a new operating system called internally xrOS, which “presents a 3D-like appearance of a complete iPhone interface, with applications such as Messages, Mail, Safari and TV.

In recent months, Apple has been working to fix issues with the sensors in the device, in order to enable an efficient hand and eye control mechanism. Likewise, the company has focused on striking a balance between battery life and performance.

Bloomberg also pointed out a month ago that Apple is developing a cheaper version of the viewer, which will be presented in 2024 or early 2025 and that it will be equipped with components from its ‘smartphones’, instead of those included in the high-end, assembled with Mac components.

Source: dpa

(Reference image source: Stella Jacob, Unsplash)

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The Gross Domestic Product (GDP) of the United States experienced an increase of 0.6% in the third quarter of 2022, according to the first estimate of the data published this Thursday by the US government’s Bureau of Economic Analysis (BEA).

In this way, the United States left the technical recession in which it had entered the second quarter, when the economy contracted by 0.1 %, after having observed a fall of 0.4 % in the first three months of the year. Technical recession is called, according to the consensus of economists, the economic situation that occurs when two quarters of economic contraction are chained together.

The BEA detailed that, between July and September, there was a small decrease in investment in private inventories, although non-residential fixed investment accelerated and government spending increased. Residential fixed investment also fell and consumer spending slowed.

In purely annualized terms, the Bureau’s preferred way of presenting the data, US GDP rose 2.6 % in the third quarter of the year, compared with a 0.6 % decline in the second quarter. The annualized decline in the first quarter was 1.6 %.

In the third quarter, the BEA indicated that the saving rate of Americans was 3.3 %, one tenth less than in the previous three months. On its side, disposable income increased by 1.7 %, after having fallen by 1.5 % between April and June.

K. Tovar

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Source: El Español

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The year-on-year inflation rate in the United States stood at 8.5 % last July, six tenths below the 9.1 % observed in June and the lowest rise in prices since last April, according to the United States Bureau of Labor Statistics.

The relief from the rise in prices in July responded to the moderation in the rise in energy prices to 32.9 % from 41. 6% in June, while in the case of food the rise in prices accelerated to 10 .9% from 10.4 % in June, the largest increase since May 1979.

Excluding the impact of food and energy, the US core inflation rate in July was 5.9 %, in line with the figure for the previous month.

Compared to the month of June, the monthly rate of inflation remained stable, after registering a monthly increase of 1.3 % last month.

On July 27, the Federal Open Market Committee (FOMC) of the United States Federal Reserve (Fed) raised the country’s interest rates by 75 basis points, to a target range of between 2.25 % and 2.5 %, its highest level since December 2018.

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Source: dpa

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Binance, faced with the growing increase in the volume of cryptocurrencies that was observed between 2020 and 2021, has been in a mass information campaign on this topic in the African community.

Mainly, university students from the southeast of Nigeria have been the ones who have shown the most interest in this sector.

To add value to this process, Binance will hold the Blockchain and Cryptocurrency Awareness Tour (BCAT) in June. Specifically, it is planned that the event will take place on the 4th of this month.

Despite being the world’s smallest crypto economy in terms of market penetration, Africa is embracing digital assets at a faster rate as locals seek alternatives to weak financial infrastructure and a lack of payment ramps.

The Binance event also aims to fill the expectations of a common space for conversation about cryptocurrencies, especially in a place where central banks have restricted the use of digital assets.

K. Tovar

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Source: Cointelegraph

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Apple announced that its annual WWDC2021 developer conference will be held from June 7 to 11, with an entirely online format, repeating the format adopted in the 2020 edition on the occasion of the coronavirus pandemic.

WWDC shows the news of the company’s operating systems, iOS, iPadOS, macOS, watchOS, and tvOS. It will teach developers the new technologies, tools and frameworks with which they can build new experiences for the different platforms.

“We are working to make WWDC21 the best and largest so far,” the company said in a statement.

The conference will feature a ‘keynote’, which will announce the software news of the company’s products, as well as different sessions for developers to interact with Apple engineers and designers.

K. Tovar

Source: Xataka

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