16:45
Landmark in renewable energy: Kela photovoltaic Power Station
In the serene landscapes of southwest China’s Sichuan Province, a groundbreaking project is redefining renewable energy.
IMF and Egypt Reach Agreement for $1.2 Billion Disbursement
Reuters
This agreement could pave the way for a $1.2 billion disbursement as part of the $8 billion, 46-month programme initiated in March.
Egypt has been grappling with soaring inflation and a severe foreign currency shortage, challenges further exacerbated by a sharp decline in Suez Canal revenues over the past year due to regional tensions.
As part of the agreement, Egypt’s government has committed to raising its tax-to-revenue ratio by 2% of its GDP over the next two years. The focus will be on removing tax exemptions rather than introducing new taxes.
The IMF highlighted that this fiscal adjustment would enable Egypt to allocate more resources for social spending, providing much-needed support to vulnerable groups amidst the ongoing economic challenges.
13:19
Vladikavkaz Shopping Mall
Explosion at Vladikavkaz Shopping Mall Leaves One Dead, Nine Injured
An explosion rocked the Alania Mall in Vladikavkaz, Russia, on Wednesday, December 25, killing one person and injuring nine others, according to the Ministry of Emergency Situations.
12:27
Brazilians forced to cross river by boat after deadly bridge collapse
Brazilians forced to cross river by boat after deadly bridge collapse
12:23
Panama leaders reassert sovereignty over Panama Canal after Trump threat
Panama leaders reassert sovereignty over Panama Canal after Trump threat
12:23
China and Japan to discuss seafood trade amid ongoing export ban
China and Japan to discuss seafood trade amid ongoing export ban
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