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☆ IMF's Argentina predicament: Seek reforms and tango on or kill the music
▼ + stars: | 2023-09-15 | by ( Jorgelina Do Rosario | ) www.reuters.com time to read: +7 min

But that programme failed to put South America's second-largest economy back on its feet. Even if he wins the Oct. 22 election and takes power in December, Milei would need alliances in Congress to push through reforms and a new IMF programme - Argentina's 23rd. That effort paved the way for the $57 billion programme, which ultimately failed and was replaced by the current one. Reuters Graphics Reuters GraphicsPREFERENTIAL TREATMENTThe current programme could end before its expiration in September 2024, but Argentina will still require funds. Without mentioning Argentina, the U.S. - holding the largest voting power in the Fund - recently raised its concerns.

Persons: Javier Milei, Agustin Marcarian, Mauricio Macri's, Mark Sobel, Milei, Sobel, Sergio Massa, Martin Muehleisen, Muehleisen, Nestor Kirchner, Stephen Nelson, Nelson, Walter Stoeppelwerth, Simon Quijano, Evans, Gemcorp Capital, Jay Shambaugh, Jorgelina, Karin Strohecker, Paul Simao Organizations: Argentine, La Libertad Avanza, REUTERS, IMF, International Monetary Fund, South, Peronist, Analysts, Graphics, Review Department, U.S ., Northwestern University, Reuters Graphics Reuters, Gletir SA, Gemcorp, Thomson Locations: La Plata, Buenos Aires, Argentina, Washington, U.S, Chicago, Zambia, Sri Lanka, Ghana, Egypt, Burundi, Saharan Africa, Rosario

REUTERS/Ken CedenoWASHINGTON, April 12 (Reuters) - Zambia could lose gains achieved so far from macroeconomic reforms if its ongoing debt restructuring is further delayed, Treasury Secretary Felix Nkulukusa said on Wednesday. The next IMF payout to Zambia from the loan is contingent upon its bilateral creditors reaching an agreement on the long-delayed debt restructuring. The country recently completed the first review of the programme, and the next one is expected in about three months. Ceyla Pazarbasioglu, director of the IMF's Strategy Policy and Review Department, was more optimistic about Zambia's debt restructuring during the panel. The IMF official said that creditors have asked to share and exchange information "sooner" during debt restructuring talks, and added that the Washington-based lender is willing to do so.

☆ Elon Musk may be luring Apple into a fight with Republicans
▼ + stars: | 2022-11-29 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

Vance, both Republicans, made remarks about Apple's situation that show how Musk could put Apple in a tough spot. It's just one of a vast number of apps on the App Store, and it isn't a huge moneymaker for Apple through in-app purchases. He also accused Apple of threatening to pull the Twitter app from the App Store . Over the past week, Twitter owner Elon Musk has been poking Apple , the big bear of Silicon Valley, which controls app distribution to every iPhone. But Apple would be much more likely to pull the Twitter app if it tries to cut Apple out of its platform fees.

☆ Elon Musk claims Apple has threatened to remove the Twitter app
▼ + stars: | 2022-11-28 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Twitter owner Elon Musk claimed on Monday in a series of tweets that Apple had threatened to remove the Twitter app from the App Store as part of its app review moderation process. "Apple has also threatened to withhold Twitter from its App Store, but won't tell us why," Musk tweeted. Apple's App Store is the only way to distribute software to iPhones. If the Twitter app were pulled, the social network would lose one of its main distribution platforms, although the service is available for the web. In addition, Apple requires iPhone app makers to pay between 15% and 30% of any digital goods sold through their apps.

☆ Mark Zuckerberg takes veiled shots at Apple after releasing $1,499 VR headset
▼ + stars: | 2022-10-11 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Mark Zuckerberg on Tuesday hinted that he sees Apple as Meta's main competitor in virtual and augmented reality, which it calls the "metaverse." The remarks came after the Meta CEO unveiled the company's latest virtual reality headset, the $1,499 Quest Pro. "In every generation of computing, there's been an open ecosystem and a closed ecosystem, there was Windows and Mac, then Android and iOS," Zuckerberg said. Zuckerberg sees virtual reality and augmented reality as the start of a new platform that could supplant the smartphone eventually. "The fundamental technologies across the stack to build augmented reality glasses are coming together.

☆ In the war on recession, Uncle Sam wants YOU — to party, party, party
▼ + stars: | 2022-08-25 | by ( Desmond Lachman | ) www.businessinsider.com time to read: +8 min

Eventually the slowing demand spreads out across the economy: lower wages, higher unemployment rates, less consumer spending, and fewer homebuyers. This conventional view on the inevitability of a recession is highly plausible and should not be dismissed lightly. This soaring demand for goods coupled with crippled supply led to a shortage of goods — and sent prices soaring. And while concerns about the economy and the possibility of a recession have increased, people have kept spending. But as price inflation of goods cools, the shift to spending on services can keep the economy going.

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