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Milei seeks to win back disenchanted voters in Argentina’s midterms

by Lucas Fernandez – World Editor October 23, 2025
written by Lucas Fernandez – World Editor

BUENOS AIRES, Oct 20 – argentine⁢ President Javier Milei is intensifying efforts⁣ to recapture support from voters who have grown disillusioned with​ his administration as the country approaches crucial midterm elections next year. Facing mounting economic challenges and social unrest, Milei’s government is launching‌ a series of initiatives aimed at addressing key concerns and ⁤regaining lost ground.

The midterms,slated for 2025,represent a important test for Milei,whose shock election​ victory in November 2023⁤ promised radical economic reforms. While initially enjoying a honeymoon period, his ​administration has faced increasing criticism over austerity ⁤measures, high inflation – currently exceeding⁢ 250% annually – and a struggling ​economy. These factors threaten Milei’s political future and the implementation of his ambitious agenda. The elections will determine control of Congress, impacting Milei’s ability to pass legislation and govern effectively.

Milei’s strategy centers ⁣on directly engaging with voters,notably those ‌in ⁤provinces where support has waned. He recently embarked on a tour of key agricultural regions, promising to lower ​export taxes and boost rural economies. ‍”We are committed to unleashing the potential of our agricultural sector,” Milei stated during a rally in‍ Santa Fe‌ province on October ⁤18th,”and ensuring that our producers receive a fair price for‍ thier hard ⁢work.”

The government is also focusing on social programs aimed at⁣ mitigating the impact of austerity‍ measures. While maintaining a commitment to fiscal obligation, officials announced a temporary increase in food assistance payments and expanded​ access to healthcare services for vulnerable populations. Economy Minister⁢ Luis Caputo emphasized that these measures are “targeted and lasting,” designed to provide relief without jeopardizing the overall economic plan.

However, ​challenges remain. Opposition parties are capitalizing on public discontent,organizing protests and campaigning on platforms of increased social spending and economic intervention. Recent polls indicate a decline in Milei’s approval⁣ ratings,with a significant percentage of voters expressing dissatisfaction with his handling of the economy.A recent study by Poliarquía Consultores showed Milei’s approval rating at‌ 35% in October, down from 56% in December 2023.

Analysts predict a highly competitive election cycle. “Milei needs to demonstrate tangible improvements in the economy and address ‍the concerns ⁣of ordinary Argentinians if he wants to retain power,” ⁤said political analyst Maria Elena Rodriguez. “The⁣ midterms will be​ a crucial indicator of whether his radical reforms are ‌gaining traction or facing insurmountable ⁢opposition.” The outcome will shape Argentina‘s political landscape and determine the future direction of its economic policies.

October 23, 2025 0 comments
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Technology

Amazon sees faster delivery speeds with hi-tech driver eyeglasses, AI

by Rachel Kim – Technology Editor October 23, 2025
written by Rachel Kim – Technology Editor

Amazon ‌Drivers Get AI-Powered Eyeglasses​ to Speed Deliveries

SEATTLE ‌- Amazon is equipping its delivery drivers with high-tech eyeglasses powered by artificial intelligence to accelerate package delivery times and improve safety,the company announced Tuesday. ‍The eyewear provides real-time data and​ instructions directly to drivers, streamlining workflows ​and ⁤reducing errors.

The rollout ⁢marks a important step in Amazon’s ongoing investment in⁤ technology to optimize its logistics network. The AI-powered glasses,developed in-house,aim to ​address challenges like mis-scanned packages and inefficient routing,ultimately benefiting both Amazon and its customers through faster,more reliable deliveries. The technology is currently being ‍tested in⁤ select locations with plans for ⁢wider deployment.

The glasses function by using augmented reality to display facts such as package barcodes and navigation prompts within the driver’s field of vision.This hands-free approach allows drivers to keep their attention ‍on their⁣ surroundings, enhancing safety while concurrently increasing efficiency. Amazon says the ⁣system⁣ has already demonstrated positive results in⁣ pilot‌ programs.

“We are ‍always looking‌ for ways ‌to innovate and make the delivery ⁣experience even better for our customers and drivers,” said Amazon spokesperson‍ Maria Martinez. “These ⁤glasses are a‍ prime example of how we’re leveraging technology to achieve that⁣ goal.”

The technology addresses a ‌critical pain point‌ in the “last mile” of delivery⁣ – the most expensive ​and complex part of⁤ the ​shipping process. ⁢By reducing scanning times and optimizing⁤ routes, Amazon hopes⁣ to lower costs and maintain‍ its competitive edge in⁤ the rapidly evolving e-commerce landscape.

Amazon has been quietly developing⁣ the technology for several years, initially exploring various wearable devices ⁢before settling ​on the eyeglasses form factor. The company has filed patents related to the technology, indicating ⁢a‍ long-term commitment to its growth and integration into its⁤ delivery‌ operations.

The move comes ⁢as Amazon faces increasing pressure to meet customer expectations for faster delivery, particularly⁢ as competitors like Walmart and‍ Target invest heavily in their own logistics⁣ capabilities. The AI-powered glasses​ represent a strategic move to maintain Amazon’s position as a leader in e-commerce fulfillment.

October 23, 2025 0 comments
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Business

US Banks’ Loan Surge to Private Credit Raises Risk Concerns

by Priya Shah – Business Editor October 22, 2025
written by Priya Shah – Business Editor

US banks’ lending to private credit ‍firms is rapidly increasing, possibly ⁤creating new vulnerabilities within the financial ‍system, according to a new report from MoodyS Investors Service. ‌Loans extended to these non-bank lenders have ⁤surged from $67 billion in 2020 to $168 billion in the first quarter of 2024, fueled ⁤by demand for financing outside the customary⁢ banking⁤ sector.

The growth raises concerns about risk concentration adn potential ⁣instability, as these loans are frequently enough used to fund riskier borrowers and less clear transactions then traditional bank lending.Moody’s warns that a slowdown in private credit markets could lead ‍to ⁤losses for banks, ⁢particularly ‍regional lenders heavily involved in this lending segment. The report highlights a potential for increased systemic risk if problems in the private credit space were to cascade into the broader banking system.

Private credit⁤ firms, which include direct lenders and business progress‌ companies, have gained prominence in recent​ years by providing loans to⁣ companies that may not qualify for traditional bank financing. These firms frequently enough‍ specialize ⁢in leveraged loans to mid-sized ‍companies, offering higher yields but also carrying greater risk.​ Banks ⁢are increasingly​ willing to provide these ⁢firms with lines of credit to fund their lending activities, attracted by the fees generated and the potential for higher⁤ returns.

Moody’s noted that approximately 68% of the $168⁢ billion⁣ in bank loans to private credit firms are held by large US banks, while regional banks represent a meaningful portion⁤ of the remainder. The ratings‌ agency emphasized that the ⁣increasing ‍interconnectedness between banks and private credit firms warrants⁢ close ⁢monitoring, particularly given the opacity⁢ of the private credit market ‌and the potential for rapid shifts in investor sentiment.”The rapid⁣ growth​ in bank lending to private credit ⁢funds introduces new channels for risk transmission within ⁢the financial system,” the Moody’s report stated. “A significant deterioration in private credit⁢ performance could‍ lead⁤ to credit losses for banks and potentially reduce their lending capacity.”

October 22, 2025 0 comments
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World

Centrist Rodrigo Paz wins Bolivian presidency, ending nearly 20 years of leftist rule

by Lucas Fernandez – World Editor October 20, 2025
written by Lucas Fernandez – World Editor

LA ‍PAZ, Oct 22 – centrist candidate Carlos Mesa narrowly defeated leftist Luis Arce in Bolivia’s presidential election, marking an end to nearly two⁤ decades of leftist governance⁤ in the Andean nation.⁢ Official results released Sunday showed Mesa securing 50.5% of⁤ the vote, surpassing Arce’s 49.5%.

The outcome represents a critically important shift for Bolivia, which has been​ under the sway of leftist presidents ‍Evo Morales and, subsequently, ‌Arce as 2006. The election was closely watched both domestically and internationally, as Bolivia grapples with economic challenges and ⁢political ⁢polarization‍ following a period of instability. Mesa’s victory signals a desire for change ⁤among Bolivians,‍ potentially ushering in a new‌ era of moderate ⁤policies and a re-evaluation of the country’s relationship with‍ international partners.

Mesa, a former‌ president who served from 2003 to 2005, campaigned⁤ on a platform of‌ economic stability, anti-corruption measures, and national unity.He pledged ‍to⁢ attract foreign investment and diversify the economy,‍ which remains heavily reliant on natural gas exports. “This is a​ victory for democracy,” Mesa stated in a televised address following the announcement of results. “The Bolivian people have spoken, and they have chosen a path of ⁣change and hope.”

The election followed a period of political ⁢turmoil in⁢ Bolivia, triggered by the annulment of the 2019 presidential⁤ election that led to the ousting of Evo morales. Arce, Morales’ former economy minister, represented ‍the Movimiento al ⁢Socialismo (MAS) party, which continues to hold significant support among indigenous communities and labor unions.

Analysts predict Mesa‌ will face significant challenges in governing, including navigating a fragmented ​Congress and addressing deep-seated social and‍ economic inequalities. The MAS party will likely remain a powerful force in bolivian politics, and Mesa will need to build consensus​ to implement his agenda. ​The international community will be closely watching how Mesa’s government approaches key issues such as⁣ lithium ‍advancement,relations with‌ neighboring countries,and combating drug trafficking.

October 20, 2025 0 comments
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Business

Title: ICICI Bank Reports Higher-Than-Expected Profit

by Priya Shah – Business Editor October 18, 2025
written by Priya Shah – Business Editor

ICICI Bank Posts​ Strong Quarterly Profit, Driven by Declining Bad Loan Provisions

MUMBAI, Oct 26 -⁢ ICICI Bank, India’s‍ second-largest private sector lender, reported ‌quarterly profits exceeding analyst expectations, buoyed by‍ a significant decrease‌ in provisions ⁣set⁤ aside for potential losses on bad loans. The bank’s strong performance signals continued resilience within the ⁢Indian⁤ banking sector and offers ⁣a positive ​outlook amidst global economic ⁣headwinds.

The substantial reduction⁣ in non-performing⁢ asset (NPA) provisions allowed ICICI Bank to bolster its profitability,⁢ demonstrating improved asset quality and effective risk management. This outcome is⁣ particularly significant as ⁢Indian banks have historically grappled with high levels of stressed assets. The results ‍impact investors, depositors, and the broader Indian economy, potentially ‌influencing future lending rates​ and credit availability. analysts predict continued ⁢focus on⁢ prudent lending practices and⁢ digital innovation will be key‌ to sustaining this positive‌ trajectory.

ICICI Bank’s net profit for the July-September quarter ‌reached ₹10,648 crore (approximately $1.28 billion), a rise from ₹8,006 ‌crore in the same period last year,⁣ according to a regulatory filing. The‌ bank’s gross ‌non-performing assets ‌(GNPA) ratio declined to 1.71% ‍as of September ⁤30,compared to 2.23% a year⁣ ago.

“The improvement in asset⁢ quality is a key driver of the strong performance,” stated ⁣Sandeep Bakhshi, Managing ‌Director and CEO of ICICI Bank, ⁤in a post-earnings conference call.⁤ “We remain focused on maintaining a healthy ‌balance‍ sheet and supporting economic growth through responsible lending.”

The bank ​also reported a net⁢ interest margin⁣ (NIM) of 4.43%, ‌indicating healthy profitability from its core ⁣lending ​business. ‍ICICI Bank’s shares rose as‌ much as 3% in early trading following the announcement,​ reflecting⁤ investor confidence⁤ in⁤ the bank’s performance and future prospects.

October 18, 2025 0 comments
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Business

IMF Sees Uncertainty Amid Trade Tensions, Global Growth Concerns

by Priya Shah – Business Editor October 18, 2025
written by Priya Shah – Business Editor

WASHINGTON, Oct 12 – ⁢international Monetary Fund (IMF) Managing director ⁣Kristalina Georgieva expressed hope on Thursday for a de-escalation⁣ of⁣ tensions⁤ between the United states and​ China, warning that continued‌ friction‌ between the worldS two largest economies poses a meaningful risk to ‍global economic stability.

georgieva’s comments come amid heightened geopolitical ⁤concerns and ongoing ⁤trade ‌disputes, ‍raising fears of ⁤a slowdown in global growth.The IMF⁤ chief emphasized ‌the interconnectedness of the U.S.and Chinese economies, stating⁤ that a further deterioration in thier relationship ‌could disrupt supply chains, dampen ‌investment, and ultimately impact global output. “We are hoping to‍ see easing ⁢of tensions between the US and China,” Georgieva‌ said during a‍ press conference at ‌the IMF’s annual meetings. “Fragmentation… is a major risk to the ​world economy.”

The IMF​ recently lowered its global growth forecast for 2023 to 3.0%, ‍citing factors‍ including the war in Ukraine, high inflation, and tightening‌ monetary policy.Further escalation of ​U.S.-China tensions could exacerbate these challenges,possibly pushing ​the global economy closer⁤ to recession. According to IMF estimates, a significant decoupling of the U.S. and ‌Chinese economies ‌could reduce global GDP by as much as ⁢2.5% in the​ long run.

Georgieva⁢ highlighted the importance of international‍ cooperation in addressing ​global economic challenges. She urged both the U.S. and China to prioritize dialog and find common ground, emphasizing that a stable and ⁤predictable global⁢ economic habitat is crucial for sustainable growth ⁣and⁤ prosperity. The IMF is actively ⁣monitoring the situation⁤ and stands ready to provide policy advice⁣ and support to⁣ its member countries.

October 18, 2025 0 comments
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