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Market correction: Trump stock tumbles after buoyant debut
Market correction: Trump stock tumbles after buoyant debut
Economy
by  AFP

After a winning debut on Wall Street last month, Donald Trump's media group has suffered a bruising retreat, denting the Republican candidate's wealth as he faces legal challenges. Since entering public markets on March 26, Trump Media and Technology Group has seen its market value plummet from around $11 billion to under $4.5 billion.

IMF confirms Kristalina Georgieva for second 5-year term
IMF confirms Kristalina Georgieva for second 5-year term
Economy
by  AFP

The IMF executive board confirmed Friday that it had reappointed Kristalina Georgieva to serve for a second five-year term at the helm of the international financial institution. Georgieva, a 70-year-old Bulgarian, has run the IMF since 2019, and told AFP last month that she was making herself "available to serve, if people want me to serve."

Biden rule hikes fees for oil projects on public lands
Biden rule hikes fees for oil projects on public lands
Economy
by  AFP

Oil companies drilling on public lands must post larger bonds and pay higher royalties under a rule finalized Friday by the Biden administration. "Let's be real: We need to get these oil companies off our public lands," said Evergreen Action's Mattea Mrkusic.