World economy

Fintech firm Airwallex buys MexPago to expand in Latin America

Fintech firm Airwallex buys MexPago to expand in Latin America

The deal, which is subject to regulatory approvals, marks a major push from Airwallex into Latin America. Airwallex Global fintech giant Airwallex on Thursday said it has agreed to acquire MexPago, a rival payments company based out of Mexico, for an undisclosed sum to help the firm expand its Latin America footprint. The company, which …

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Canada pulls out diplomats from India as Sikh killing tensions escalate

Canada pulls out diplomats from India as Sikh killing tensions escalate

Heavy security deployed at High Commission of Canada on September 19, 2023 in New Delhi, India. Hindustan Times | Hindustan Times | Getty Images Canada has pulled 41 diplomats and their families from India, after New Delhi threatened to have their diplomatic immunities revoked if Ottawa did not comply with demands for parity in diplomatic …

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Power balance in offices may be shifting back to bosses

Power balance in offices may be shifting back to bosses

In the American workplace of 2023, a new labor market trend has taken over where “quiet quitting” left off. Quiet cutting. “Quiet cutting is what some people consider a subcategory of quiet firing,” said Nadia De Ala, a leadership and negotiation coach. “It’s a way for companies to avoid layoffs and potentially save money on …

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Political analysts react to deadly Hamas attack

Children are seen in a destroyed house after Israeli attacks in Gaza City, Gaza on October 07, 2023. Mustafa Hassona | Anadolu Agency | Getty Images From being labeled “Israel’s 9/11,” to the culmination of a “50-year time bomb,” political analysts are reacting to the Israel-Hamas conflict and contemplating what happens next as the fighting …

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German structural reforms ‘are a must,’ IMF chief insists

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), speaks to the media following talks at the Chancellery on November 29, 2022 in Berlin, Germany. Carsten Koall | Getty Images News | Getty Images Structural reforms in Germany are needed given the current global economic headwinds, International Monetary Fund Managing Director Kristalina Georgieva told …

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