Economy

World heading into 'the Age of Electricity': IEA
World heading into 'the Age of Electricity': IEA

More than half of the world's electricity will be produced by low-emission sources before 2030 but the deployment of clean energy is "far from uniform" across the globe, the International Energy Agency said Wednesday.

Mexico touts foreign investments as IMF warns about reforms
Mexico touts foreign investments as IMF warns about reforms

Seeking to calm investor jitters over controversial judicial reforms, Mexico's new president said Tuesday that four foreign companies would invest around $20 billion in the Latin American nation next year. While the confirmed total was more than $20 billion, actual investments could exceed $30 billion by 2025, he said.

Trump's crypto platform falters on first day of sales
Trump's crypto platform falters on first day of sales

Former US president Donald Trump's cryptocurrency platform had a faltering sales launch Tuesday, with only a fraction of its digital tokens that went on the market finding a buyer. The tokens can be used as cryptocurrencies and give buyers a vote on the platform's governance.

Italy turns to banks to balance tight budget
Italy turns to banks to balance tight budget

Italian lawmakers adopted a draft 2025 budget late Tuesday financed in part by banks and insurance companies while also offering tax cuts for low-income families, a priority issue for far-right Prime Minister Giorgia Meloni.

United announces $1.5 bn share buyback as earnings top estimates
United announces $1.5 bn share buyback as earnings top estimates

United Airlines announced a $1.5 billion share buyback on Tuesday as its earnings for the third quarter topped analyst estimates. Alongside its earnings, United also announced a new $1.5 billion share repurchase program -- its first since the onset of the Covid-19 pandemic.