Business

As Europe rearms, Italy’s fragmented space sector faces a scale test

Italy's space sector is known for niche engineering expertise but remains dominated by small and medium-size companies.

SK Hynix to buy back, cancel $29 billion worth of treasury shares

South Korea's SK hynix unveils record US$28.9 billion share buyback

Chile Jails Four Fund Executives Before Trial in an Alleged US$193 Million Fraud

They have not been convicted of anything in the criminal case. But eight of the eleven were already fined by the regulator last year — and that distinction is the story. The post Chile Jails Four Fund Executives Before Trial in an Alleged…

Mercado Libre’s Founder Faces a Criminal Usury Complaint Over Loans Costing Up to 1,375% a Year

The headline figure is the total cost of credit, not the interest rate. It sits on the company's own public rate sheet. The post Mercado Libre’s Founder Faces a Criminal Usury Complaint Over Loans Costing Up to 1,375% a Year appeared first…

Burundi to Complete East African Payment System Link by December 2026

Burundi has been an East African Payment System member since 2020 without ever going live. Its central bank now targets December 2026 to finish the cross-border link. The post Burundi to Complete East African Payment System Link by…

Government prepares crackdown on ‘front shops’ linked to illegal immigration

Portugal’s government is preparing measures to tackle the proliferation of so-called “front shops” suspected of being used for illegal accommodation, irregular immigration and human trafficking. The Ministry of Economy and The post…

UK Inflation Accelerates as Energy Bills Surge

UK consumer prices climbed to a four-month high after energy bills rose, ending a short period of respite for hard-pressed British households. Matt Bunny of Bloomberg Economics has the details. (Source: Bloomberg)

Bolivia’s Congress Votes to Force Out Its Economy Minister

Bolivia's legislature censured Economy Minister José Gabriel Espinoza by 91 votes to 34. The constitution obliges the president to remove him within 24 hours. The post Bolivia’s Congress Votes to Force Out Its Economy Minister appeared…

SK Hynix Announces $28.6 Billion Share Buyback on AI Boom

SK Hynix Inc. said it would buy back 40 trillion won ($28.6 billion) worth of shares as part of a shareholder return plan.

Goldman studied where AI is squeezing labor markets. Here's what it found

Goldman Sachs found that AI is starting to weigh on employment across developed economies.

South Africa Invites Chinese Tyre Companies to Build US$123 Million Plant

South Africa is inviting Chinese tyre companies to build factories at home. Sailun Group is studying a US$123 million plant at Coega, a year after Goodyear closed Kariega. The post South Africa Invites Chinese Tyre Companies to Build…