Argentina devalues peso by over 50% as part of Milei's shock economic therapy

Argentina's peso opened down 54.24% at 801 per dollar on Wednesday, following a devaluation of the currency carried out by the country's new government as part of its economic shock therapy aimed at fixing the economy. The South American nation will also cut energy subsidies and cancel tenders of public works, new economy minister Luis Caputo said a day earlier.Caputo said the plan would be painful in the short-term but was needed to cut the fiscal deficit and bring down triple-digit inflation.

from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/zu91SiH

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Taliban launch 'massive attack' on Afghan city of Kunduz

The militants, who have demanded that all foreign forces leave Afghanistan, now control or hold sway over roughly half of the country and are at their strongest since their 2001 defeat by a US-led invasion. Such attacks are seen as strengthening their negotiating position. from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/347NQeG

37 killed in 424 US, UK strikes on Yemen: Houthi leader

Abdul Malik al-Houthi cited 37 casualties and 30 injuries from 424 US and British airstrikes in Yemen, disrupting global shipping with 34 assaults and 125 ballistic missiles, targeting Red Sea international vessels to aid Palestinians in the Israel-Hamas conflict. from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/gmSPbLw

North Korea to redevelop flagship tourist resort

The resort -- once a prominent symbol of inter-Korean economic cooperation -- was built by South Korea's Hyundai Asan on one of the North's most scenic mountains, drawing hundreds of thousands of Southern visitors. from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/3atz9Io

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