Economy

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US says working on new $20 bn 'facility' for Argentina
US says working on new $20 bn 'facility' for Argentina
by  AFP

US Treasury Secretary Scott Bessent on Wednesday said he was working to help corral the private sector around a new $20 billion "facility" to support Argentina's embattled economy. Bessent added that he had spent "weeks" working on the private-sector solution to Argentina's upcoming debt payments, which would come on top of the $20 billion US swap line the US Treasury recently set up.

US Treasury chief: Beijing's rare earths move is 'China vs world'
US Treasury chief: Beijing's rare earths move is 'China vs world'
by  AFP

US Treasury Secretary Scott Bessent slammed Beijing's rare earth export curbs Wednesday as "China versus the world," vowing that Washington and its allies would "neither be commanded nor controlled." But he expressed hope that China would back off its rare earth curbs.

Greece weighs disputed 13-hour workday reform
Greece weighs disputed 13-hour workday reform
by  AFP

Greece's parliament on Wednesday debated a controversial reform proposed by the conservative government, which would allow 13-hour workdays under exceptional circumstances, drawing fire from unions and opposition parties. But opposition parties and unions argue that workers will risk layoffs if they refuse longer hours.

Pokemon brushes up decades-old formula with 'Legends: Z-A'
Pokemon brushes up decades-old formula with 'Legends: Z-A'
by  AFP

New challenges will test Pokemon trainers' reactions in their virtual beast battles, as the near-30-year-old saga's latest instalment hits Nintendo consoles on Thursday. The beasts' often-cute appearance belies their fearsome powers, which players can deploy in battles against other trainers.