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The abrupt departure of Argentina's economy minister and lack of a clear successor could threaten to further destabilize an economy already shaken by sky-high inflation, rising energy costs and growing fears over possible new defaults on debt. Martin Guzman, the architect of the South American country's recent $44 billion deal with the International Monetary Fund (IMF), resigned on Saturday as tensions within the government boiled over as to how to handle the economic crisis in one of the world's top grain producers. A relative moderate, he had clashed with the more militant wing of the ruling Peronist coalition around powerful Vice President Cristina Fernandez de Kirchner, who had publicly criticized Guzman and called for more public spending.
Passengers have been facing long queues, cancelled flights and lost baggage in recent days.
Airlines cancelled several hundred US flights Saturday at the start of a long and almost certainly messy holiday travel weekend as carriers struggled to staff their planes.
Andrew Bailey is poised to clash with Rishi Sunak, the Chancellor, over a plan that would allow ministers to reverse decisions by City regulators.
Elon Musk was laughing. Tesla, the entrepreneur’s electric car maker, had just delivered its first ever back-to-back quarterly profits and the ebullient chief executive was delighting in telling Wall Street just how he’d pulled it off.
Tesla's deliveries of electric vehicles fell in the second quarter compared to the previous one due mainly to a weeks-long closure of its factory in China, the company said Saturday.
Elon Musk’s Tesla is facing a $440m (£363.5m) writedown on its Bitcoin holdings after a spectacular slump in the digital currency’s value.
The UK looks set for a recession and a longer battle with inflation than many of its neighbours. This is why
Britain's defence industry is still being held back by “bonkers” ESG rules despite hopes that Russia’s invasion of Ukraine would prompt a rethink among investors.
The move, which takes effect from Monday, has already been attacked by nurses, especially as cases and hospital admissions are rising.
Couriers who deliver for Just Eat were sacked by email and wrongly accused of taking ‘excessive detours’
Planned action by the airline’s Spain-based cabin crew over working conditions will increase disruption for holidaymakers
Polish banks will be taxed more if they don't offer clients higher interest on their deposits, the leader of Poland's ruling party said on Saturday, intensifying government pressure on the sector to share the benefits of rising rates with savers. Poland's main interest rate is at its highest level since 2008, boosting banks' profits but squeezing household budgets in a country where floating rate mortgages are the norm. "I do not want to decide for the bankers, but it must be a solid percentage, not at the level of inflation, but enough for people to feel that this money will lose much less value when it is in the bank," Jaroslaw Kaczynski said during a speech in the eastern city of Bialystok.
Funding model also criticised for letting factories ‘off the hook’ with planning decision due this week
From home pubs to nature escapes, 21 unique garden sheds have been shortlisted in Cuprinol's Shed of the Year 2022 competition.
A group trying to take over one of Britain's last fertiliser plants will this week appeal to Boris Johnson for support after ministers refused to back the rescue bid.
Thousands of holiday-makers are continuing to face travel chaos at airports.
Britons are lifting around £8.5m a day from their children as costs continue to soar, survey found
The City watchdog is being sued by a former staff member over claims that she suffered a back injury caused by a malfunctioning lift in its East London headquarters.
Savers are throwing away hundreds of pounds a year by keeping their cash in low-paying easy-access accounts with rates as small as 0.01pc.