Author: James W. Brown

The 45th anniversary act of the founding of the Nicaraguan Army was marked by speeches by President Daniel Ortega and Vice President Rosario Murillo. During the event, Ortega addressed various issues, including the challenges faced by countries such as Venezuela and Honduras. In his speech, the president left peace as the only path to the tangible destiny of Nicaraguans. He mentioned the educational opportunities of the city and the progress in building child development centers, as well as the provision of free technical and university courses. He also emphasized the importance of building and equipping hospitals throughout the country, ensuring access to health for the population. Ortega explained that the Nicaraguan health system has improved significantly, with the opening of...

New York – A broad-based selloff in technology stocks weighed heavily on the Nasdaq Composite on Wednesday, overshadowing gains in other sectors. The broader market also came under downward pressure, with the S&P 500 closing lower. The tech-heavy Nasdaq fell 2.2%, marking a continuation of the recent rotation away from high-growth stocks. Mega-cap tech companies, including Apple, Netflix and Alphabet, contributed significantly to the index's losses. The semiconductor sector was hit particularly hard, with shares plummeting after reports of potential new export controls on advanced chip technology to China. The VanEck Semiconductor ETF (SMH) and Nvidia Corporation, a leading chipmaker, suffered substantial declines. In contrast, the Dow Jones Industrial Average managed to eke out a modest ...

London – The International Monetary Fund (IMF) has raised its growth projections for the UK in 2024, a positive indicator for the newly elected Labour government. The global financial institution now expects the UK economy to expand by 0.7% this year, up from its previous estimate of 0.5%. The updated forecast comes as a welcome relief after two years of economic stagnation and a brief recession at the end of 2023. Recent data showing GDP growth of 0.4% in May and expected economic boosts from events such as the Euro 2024 football championship and Taylor Swift concerts have contributed to the optimistic outlook. Major financial institutions, including Goldman Sachs and Deutsche Bank, also expressed confidence in the UK's economic trajectory. These firms raised their growth forecasts, citi...