In recent years, the Nhon Trach 3 and 4 thermal power plants in Dong Nai, Vietnam have been facing significant financial losses due to delays in their construction. According to reports, these plants are expected to lose around 13 billion VND daily in interest and revenue from electricity generation. The progress of the Nhon Trach…
The Central Bank of the Argentine Republic is set to introduce a new 10,000 peso bill, which will replace the previously circulating 1,000 and 2,000 peso bills. This new denomination comes in response to the country’s high inflation rate of 287 percent over the past year. The constant devaluation of the Argentine peso has necessitated…
The price of gasoline saw a small relief last week, marking its first decrease in four months and ending a streak of fifteen consecutive weekly increases. Diesel prices also fell for three consecutive weeks, following a drop in the price of crude oil, its main raw material, which is currently around $84 per barrel. This…
The national strike on May 9, led by the General Confederation of Labor (CGT), is expected to cost Trenes Argentinos $200 million, according to the Secretary of Transportation. About 1 million people who rely on metropolitan, regional, and long-distance train services are affected by the strike. In total, at least 6.6 million users are left…
The defense industry in Israel is booming, thanks to new deals with countries like Turkey, Germany, and India. Government-owned Tomer is hiring about 60 new employees to support the development and expansion of production lines. Companies like Elbit are also securing contracts for the supply of defense systems, including the Crossbow unmanned turret mortar system….
President Biden responded to polls showing disapproval of his handling of the economy and trust in former President Trump on the issue with dismissiveness. During an interview with CNN host Erin Burnett, Biden asserted that the economy has already turned around, despite low consumer confidence and concerns about rising housing costs, declining real income, and…
The economy of Iran is currently facing significant challenges as sanctions continue to have a severe impact, according to Gholamhossein Mohammadi Golpayegani, the Supreme Leader’s chief of staff. Despite the difficulties caused by the sanctions, Golpayegani expressed confidence that the government will be able to find solutions to overcome these problems. Recent data from the…
Ramesh Sidambi has been appointed as the new CEO of Dubai Duty Free, effective June 1, 2024. Salah Tahlak will assume the role of Executive Vice President at the company, taking over from Colm McLoughlin, who will be transitioning to an advisory role within the organization. McLoughlin played a pivotal role in Dubai Duty Free’s…
The cost of health insurance has been on the rise in recent years, and this has led to an increase in the overall price of insurance policies. This is due to a number of factors, including the increase in medical services costs and a cut in Kela compensation last year. Despite the rising costs, the…
In an effort to address the energy crisis, Rewe Austria has introduced wine in plastic bottles. The PET bottles, described as lightweight, visually appealing, easy to handle, and unbreakable by Herbert Toifl, managing director of the Wegenstein winery, are part of an own brand of the Rewe Group. This wine is produced by 600 predominantly…