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...Oil production is at historic lows of 1.5mn barrels a day and it is increasingly becoming a drag on the national budget....
...European Central Bank president Christine Lagarde has said rate-setters “did not, we did not, discuss rate cuts at all” ahead of Thursday’s policy announcement....
...Alejandro Giammattei was president until Sunday, when a fraught day of delays eventually led to the swearing in of President Bernardo Arévalo....
...“It’s a historic day that allows us Panamanians to start to believe that the end of impunity is possible,” said Lina Vega Abad, president of the Fundación Libertad Ciudadana, the local chapter of Transparency...
...“From day one, Arévalo’s challenge will be that there is no guarantee that he can build and maintain a coalition for the four years,” said political scientist Jonatán Lemus....
...Like many others, Márquez has been won over by the improvement in day-to-day security brought about by Bukele’s draconian crackdown on gangs, in which mass arrests have helped to dismantle groups that once...
...I’m Marc Filippino, and here’s the news you need to start your day. [MUSIC PLAYING] A record number of people in China have defaulted on their debts since the pandemic broke out....
...Card issuers also have to pay back retailers within days, versus 30 days in Brazil....
...Christine Lagarde hands over a small white paper bag with something surprisingly heavy inside after sweeping through the restaurant with her customary assured elegance....
...Its president Christine Lagarde dismissed reporters’ questions on Thursday about whether its decisions would be swayed by the Fed....
...The authorities have for the first time reduced the number of crossings, which by February will be limited to only 18 ships a day....
...This year, for the first time, canal authorities in the central American nation cut the number of ships that can cross each day, reducing it to 31 a day, down from the average of about 36....
...European stocks held steady in early trading on Monday as traders look ahead to a busy day of commentary from central bank policymakers on both sides of the Atlantic....
...Crossings will be limited to 25 a day beginning this week, then gradually reduced to 18 per day by February 2024, canal authorities said on Tuesday....
...Governments and companies in emerging markets have sold a record $50bn in debt in the first days of 2024 as they rush to lock in a recent sharp drop in borrowing costs....
...But its president Christine Lagarde told reporters that a small minority of policymakers had argued for an immediate cut....
...ECB president Christine Lagarde will speak at a press conference shortly after the policy decision is announced....
...ECB president Christine Lagarde pushed back against market expectations for it to cut rates as early as March, saying “we should absolutely not lower our guard” against inflationary pressures....
...A severe water crisis caused by drought meant that at one point last year the entire city was restricted to just six hours of water per day....
...The NHC was also tracking post-tropical cyclone Tammy across the Atlantic and Caribbean this week, as it weakened after five days as a hurricane, noting it was still producing winds of 140km per hour (85mph...
...‘Tribal’ unrest What is Christine Lagarde playing at?...
...For each day that the crossings are closed, Union Pacific must hold 60 trains — or almost 4,500 rail cars — with an equivalent amount of goods stranded in Mexico, the company said....
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