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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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Harvard University's president will retain her job after criticism for hesitating to state whether advocating for the genocide of Jews violated Harvard's code of conduct. The institution's governing body reaffirmed support for her leadership but expressed dissatisfaction with the university's initial response to Hamas's October 7 attacks. Israel reported casualties and hostages during the attacks, leading to widespread destruction in Gaza. The university's response should have been an immediate condemnation, according to the governing board. from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/vExBoW6

The United States unveiled sanctions Tuesday on individuals and companies based in China, Turkey, the United Arab Emirates and other countries, aiming to disrupt Moscow's military procurement networks amid its war in Ukraine. These include Chinese national Hu Xiaoxun and his China-based private defense company Jarvis HK Co. Companies in Turkey and the UAE were also targeted, alongside other China-based entities such as satellite imagery firms Beijing Yunze Technology Co and Chang Guang Satellite Technology Co. Both were said to have provided high-resolution imagery to private military company Wagner, said the Treasury. from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/R0apI8E

Recently acquitted Thomas Malik, who endured 27 years of wrongful imprisonment, filed a $50 million lawsuit against New York City and two detectives. His lawyers claim a culture of reckless law enforcement caused him grave psychological damage. Malik's co-defendants Vincent Ellerbe and James Irons also seek compensation. The convictions of all three were overturned last year due to false confessions and unreliable evidence. Malik's lawsuit highlights the violation of citizens' rights and his trauma, including abuse suffered in prison. from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/yIa1UHc

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