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US kicks off controversial financial rescue plan for Argentina
Posted onThe US has purchased Argentine pesos, taking the next step in a controversial effort to calm a currency crisis hitting the South American country and its president, Trump ally Javier Milei. Treasury Secretary Scott Bessent announced the purchase on social media, while saying the US had finalised terms of a planned $20bn (£15bn) financial rescue…
Formula 1 tech used to improve train Wi-Fi on GWR
Posted onLaura CressTechnology reporter GWR Some of the Great Western Railway fleet will use a hybrid system including low earth orbit satellites in space to create a more-reliable wi-fi connection A new UK-first pilot scheme is aiming to create fast and more reliable train wi-fi, using technology originally developed for Formula 1 cars. It will see…
Venezuelan MPs approve bill to open up oil sector to private firms
Posted onThe assembly, dominated by lawmakers who are allies of former president Nicolás Maduro, passed the bill with the backing of interim President Delcy Rodríguez, who assumed office after Maduro was seized in a US military operation earlier this month.
Reeves acknowledges she is looking at tax and spending ahead of Budget
Posted onChancellor Rachel Reeves has acknowledged she is “looking at tax and spending”, ahead of her autumn Budget next month. Reeves said she would “always make sure the numbers add up”, in an interview with Sky news against a backdrop of slow economic growth and mounting government debt. The chancellor has previously hinted at tax rises,…
