Economy

Panama marks 25 years of sovereignty over the Panama Canal

Panama marks 25 years of sovereignty over the Panama Canal

This year marks a significant milestone for Panama as the nation celebrates 25 years since it assumed full control of the Panama Canal. On December 31, 1999, the canal was officially transferred to Panama by the United States under the terms of the Torrijos-Carter treaties signed in 1977. The historic transfer symbolized a triumph of sovereignty and national pride for the Panamanian people, who see the canal as vital part of their identity and economic backbone. President José Raúl Mulino presided over the anniversary celebrations, underlining the importance of the canal to Panama's sovereignty and development. In a message shared…
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Jake Paul vs. Conor McGregor: A potential blockbuster fight stirs sportsbooks

Jake Paul vs. Conor McGregor: A potential blockbuster fight stirs sportsbooks

UFC superstar Conor McGregor has revealed his plans to return to the ring, teasing a potential fight against social media influencer and WWE star Logan Paul's older brother Jake Paul. The news has sent shockwaves through the world of combat sports, with fans and pundits speculating about the bout's implications, while bookmakers are already crunching numbers for what could become one of the most-watched boxing events in history. The hype for a McGregor-Jake Paul bout isn't entirely new; Rumors about this possibility have been circulating for months. Now, according to ESPN's Salvador Rodriguez, the matchup is officially under consideration for…
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Notre Dame vence a Indiana y avanza al Sugar Bowl contra Georgia

Notre Dame vence a Indiana y avanza al Sugar Bowl contra Georgia

No. 7-ranked Notre Dame earned a decisive 27-17 victory over No. 10 Indiana in the opening game of the expanded 12-team College Football Playoff on Friday night in South Bend, Indiana. The Fighting Irish now turn their attention to their highly anticipated matchup against top-seeded Georgia in the Sugar Bowl on Jan. 1. This win marked a significant moment for Notre Dame, as they demonstrated their defensive supremacy and postseason readiness in front of their home crowd. . The game started with a bang as Notre Dame's Jeremiyah Love stunned fans with a breathtaking 98-yard touchdown run. This first play…
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Rohit Chopra testifies before Congress as CFPB takes legal action against Zelle

Rohit Chopra testifies before Congress as CFPB takes legal action against Zelle

Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), testified before the Senate Committee on Banking, Housing, and Urban Affairs in late November 2023, addressing ongoing consumer financial protection issues. A few weeks later, the CFPB stepped up its efforts by filing a lawsuit against Zelle, a major peer-to-peer payments network, and its three largest operators – JP Morgan Chase, Bank of America and Wells Fargo – for failing to fight fraud. and adequately compensate victims. The lawsuit marks a significant step in the CFPB's broader campaign to hold financial institutions accountable for fraud-related customer losses. According to the…
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Trump threatens EU with tariffs over trade deficit, demands increased US energy purchases

Trump threatens EU with tariffs over trade deficit, demands increased US energy purchases

President-elect Donald Trump ramped up his rhetoric on trade on Friday, warning the European Union that it must significantly reduce its trade deficit with the United States by buying more American oil and gas or face tariffs. “I told the European Union that it must make up for its huge deficit with the United States by buying our oil and gas on a large scale. Otherwise, it will just be tariffs,” Trump posted on his Truth Social platform shortly after 1 pm ET. The trade deficit between the United States and the EU in goods and services amounted to 131.3…
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Congress approves plan to avoid government shutdown amid Republican divisions

Congress approves plan to avoid government shutdown amid Republican divisions

The US Congress narrowly avoided a partial government shutdown on Friday, after weeks of partisan wrangling over federal spending limits and debt ceiling extensions. The crisis came as Republicans, responding to pressure from former President Donald Trump, debated proposals to raise the debt limit while addressing broader fiscal concerns. President of the Chamber Mike Johnsona Republican, he managed to push a plan through his chamber, which is narrowly controlled by his party, while also securing enough bipartisan support to pass it in the Democratic-majority Senate. Speaking to reporters earlier in the day, Johnson expressed cautious optimism: “We have a plan.…
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Neuralink gains approval for new brain implant study aimed at restoring mobility and digital freedom

Neuralink gains approval for new brain implant study aimed at restoring mobility and digital freedom

Neuralink, the brain technology startup founded by Elon Musk, announced that it has received approval to launch a new feasibility study using its experimental brain implant and robotic arm technology. This initiative, called FIRST studywill evaluate the safety and functionality of the company's wireless brain-computer interface (BCI) and its surgical robot. The study is specifically aimed at helping people with tetraplegia-a severe form of paralysis: controls external devices using only their thoughts. The announcement was made via Neuralink's social media channels, where the company described the study as a significant step toward advancing its technology. “This is the first step…
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Wholesale prices and labor market trends fuel mixed economic outlook

Wholesale prices and labor market trends fuel mixed economic outlook

November brought an unexpected rise in wholesale prices, casting doubt on the pace of inflation's decline, according to data released Thursday by the Bureau of Labor Statistics (BLS). The producer price index (PPI), a key measure of what manufacturers charge for goods and services, rose 0.4% on the month, beating the Dow Jones estimate of 0.2%. On a year-over-year basis, PPI rose 3%, the biggest annual gain since February 2023. Excluding food and energy price volatility, core PPI increased 0.2%, in line with market expectations. Furthermore, excluding commercial services, the monthly PPI increase fell to just 0.1%. However, the core…
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Kamala Harris urges resilience as Democrats regroup after election loss

Kamala Harris urges resilience as Democrats regroup after election loss

Vice President Kamala Harris appealed to Democrats still reeling from last month's election defeat, urging them to remain steadfast in their commitment to progress. Speaking days before Donald Trump returned to the White House, with Republicans retaining full control of Congress, Harris encouraged supporters to remain engaged in the political fight despite their disappointment. In a motivational speech, Harris acknowledged the frustration and disillusionment felt by many Democrats since the election, but stressed the importance of resilience. “Many people have told me they feel angry, even defeated,” Harris said. “They said they don't have the strength or desire to stay…
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U.S. court upholds law mandating ByteDance to sell TikTok or face ban

U.S. court upholds law mandating ByteDance to sell TikTok or face ban

A US federal court has upheld legislation requiring Chinese tech giant ByteDance to relinquish ownership of the popular social media platform TikTok in the US by early next year or face a nationwide ban. The ruling marks a significant victory for the Justice Department and TikTok critics, who have long expressed concern about the app's ties to China. However, the decision constitutes a major setback for ByteDance as it now faces the possibility of losing access to the app's 170 million US users. The ruling raises the likelihood of an unprecedented ban on a social networking app widely used in…
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