BoC to raise rates 25 bps on July 12, possibly the last

Economist Víctor Fuentes expressed concerns regarding Petroperú’s financial woes, as Peru’s state oil company reported losses exceeding $500 million in 2023. Talking to Sputnik, he said terrible management for many years is why the company is failing. He warns that getting back into oil production is risky. The company’s financial report shows big problems. By […]

Telecom leaders Ericsson and Nokia are taking bold steps. They now create their own chips, a move Huawei first made. This change aims to make them more competitive in the 5G and AI fields. It shows how crucial advanced chip technology is for better networks and new ideas. By making chips themselves, these firms are […]