The man picked to lead Costa Rica’s central bank rejected Citigroup Inc.’s forecast that economic growth will be cut in half next year after Intel Corp. and Bank of America Corp. said they would fire 3,000 people.
European car sales advanced a seventh consecutive month as new models to replace aging vehicles and an economic rebound in the U.K. boosted demand at Renault SA, Ford Motor Co. and PSA Peugeot Citroen.
In the five years since bitcoin was created, the hunt for them has consumed enough electricity to keep the Eiffel Tower lit for 260 years. One man’s way around the utility bills: the family power plant.
Costa Rican President-elect Luis Guillermo Solis appointed his economic team as the Central American country moves to reassure investors and the public after two foreign investors announced plans to cut jobs.