Russia will stop using the dollar and the euro in its international trade transactions, Russian Deputy Foreign Minister Alexander Pankin announced on Friday.
According to the statement by the Russian official, “the only way to guarantee the stability of trade, economic and investment relations…
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United States
Biden signs Inflation Reduction Act
Joe Biden signed the Inflation Reduction Act on Tuesday, which he described as one of the most important in history. It is a key law that contemplates more funds to combat climate change, increases taxes on companies and expands medical…
Citgo posted record profits in the second quarter of the year
This Thursday, Citgo announced that it obtained record net profits during the second quarter of the year thanks to an increase in crude processing volumes as well as stronger margins.
According to the refiner's report, the results show an…
US inflation was subdued
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…
Volkswagen starts production of the electric ID.4 in the United States
The Volkswagen group has started production of its ID.4 electric compact SUV in Chattanooga in the state of Tennessee, becoming the company's first electric vehicle assembled in the United States, the company said in a statement.
The…
Meeting between presidents of Argentina and the United States was postponed
The meeting between the presidents of Argentina and the United States scheduled to be held this July 26 in Washington was postponed. At the moment the new date of the meeting between Alberto Fernández and Joe Biden is not known.
This would…
The US Treasury highlights the importance of CBDC
The US Treasury's Bureau of Financial Research recently indicated that central bank digital currencies (CBDC) can increase the stability of the banking system.
The institution's researchers indicated that in difficult times, clients often…
Uber would have broken laws to enter the market
The American company Uber managed to penetrate the main cities around the world thanks to a strategy that included breaking laws, deceiving and lobbying in the highest spheres, according to a leak from the International Consortium of…
Voyager Digital enters into Bankruptcy Law
Cryptocurrency trading and lending platform Voyager Digital voluntarily filed for Chapter 11 protection of the United States Bankruptcy Law in order to undertake the restructuring of the company and maximize value for all stakeholders.
The…
US seeks alternatives to tighten monetary policy
The president of the United States Federal Reserve (Fed), Jerome Powell, assured that there are ways for the agency to tighten monetary policy without plunging the country into a recession.
At an event organized in Portugal by the European…
Biden considers temporarily freezing gasoline taxes
Joe Biden, president of the United States, is evaluating the possibility of temporarily freezing the federal tax on gasoline, a measure that could place the price of a gallon at 18.4 cents for drivers.
Biden affirmed that he was analyzing…
The Fed decreed a new increase in interest rates
The Federal Reserve of the United States (FED) decreed a new increase in reference interest rates in the order of 0.5 percentage points to place them in a range that oscillates between 0.75 % and 1 % with the purpose of avoiding a increase…