Mexican President Claudia Sheinbaum said on Thursday that her government is considering imposing tariffs on imports from countries that do not have trade agreements with Mexico, including China, Reuters reported. The tariffs would be part of "Plan Mexico", an initiative to boost domestic industry amid tariffs imposed by U.S. President Donald Trump on some imports from Mexico.
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North Korean hackers are saturating the cryptocurrency industry with credible-sounding job offers as part of their campaign to steal digital cash, according to new research, raw data, and interviews, Reuters reported. The problem is becoming so common that job applicants now regularly screen recruiters for signs they might be acting on Pyongyang's behalf. Twenty-five experts, victims, and corporate representatives that Reuters spoke to agreed that the problem was ubiquitous.
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Liquidators of China Evergrande, once the country's largest property developer, have asked a Hong Kong court to appoint receivers to identify and preserve the assets of founder Hui Ka Yan, who has not disclosed his worldwide properties, Reuters reported. The move is the liquidators' latest effort to recover $6 billion in dividends and remuneration paid to Hui and other former executives, as they fight court battles to freeze offshore assets of the founder and his former spouse, among others.
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Turkish inflation continued to ease as the third quarter progressed, clearing the way for the country’s central bank to keep trimming interest rates despite still-hot growth in the economy, the Wall Street Journal reported. Consumer prices were 33% higher on year in August, a rate of annual inflation that eased from 33.5% in July, figures from statistics office Turkstat showed Wednesday. Turkey’s central bank at its last meeting renewed cutting interest rates as inflation eases, having earlier in the year been forced to lift rates in response to market concerns over Turkish politics.
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Australia's central bank is exploring how emerging technologies like artificial intelligence could influence the economy, with possible implications for inflation and the labour market, its governor said on Wednesday, Reuters reported. In a speech in Perth, Reserve Bank of Australia (RBA) Governor Michele Bullock said there was a lot of uncertainty about how the technological change will affect the economy, but policymakers needed to be alert to different possible impacts. "Technological change has always reshaped the labour market, and AI is no exception," said Bullock.
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The cumulative number of insolvency cases initiated by operational creditors such as raw material suppliers and vendors against defaulters trailed that by financial creditors for the first time since fiscal 2017, show latest data, the Economic Times of India reported. According to officials, this suggests a growing preference among operational creditors in recent years for out-of-court settlements.
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The Delhi High Court has asked the Centre to revisit its bid conditions that impose blanket ban on the companies having undergone corporate insolvency resolution process in the last seven years from participating in the government tenders, the Economic Times of India reported. It said that while the courts cannot introduce or delete any tender condition, the government as also the tender issuing authority must examine the issue.
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The National Company Law Tribunal (NCLT) has admitted Canara Bank's insolvency plea against Supreme Best Value Kolhapur (Shiroli) Sangli Tollways Pvt Ltd, a special purpose vehicle promoted by BSE-listed Supreme Infrastructure India Ltd, over a default of ₹347 crore, the Economic Times of India reported. The tribunal also appointed Rajesh Jhunjhunwala as the interim resolution professional (IRP) to oversee the process.
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