Bolivia's Markets Rally on IMF-Backed Reforms as Fuel Subsidy Cuts Fuel Public Anger
President Rodrigo Paz's push to scrap fuel subsidies and float the boliviano has unlocked a $1.9 billion IMF program and cheered investors, even as diesel price hikes of more than 80% stoke threats of renewed street protests.
Policy
New York Launches $10 Million AI Jobs Institute in Queens, Aiming to Train 40,000 Workers
Governor Hochul announced a new Long Island City hub, run by workforce group Pursuit, to connect lower-income New Yorkers to AI careers, with funding and training credits from Google, Wells Fargo, OpenAI and Anthropic.
Business
PG&E Says It May Spin Off Gas Business If California Doesn't Overhaul Fire Liability Rules
CEO Patti Poppe said the utility's 4 million gas customers are effectively subsidizing the borrowing costs tied to PG&E's wildfire-exposed electric business, as the company weighs separating, selling or spinning off its gas operations.
