Stories for 2021

Tuesday, January 26th 2021 - 09:30 UTC
Petrobras oil output hits record in 2020, 2,3 million bpd

By Irina Slav for Oilprice.com – Crude oil output from fields operated by Brazil's energy major Petrobras hit a record last year despite the pandemic, at an average 2.3 million BPD, Bloomberg reported, comparing the production rate to that of Kuwait.
Tuesday, January 26th 2021 - 09:27 UTC
ILO: Pandemic in 2020 has caused massive loss of working hours, equivalent to 255 million full time jobs

Tentative signs of recovery are emerging in global labor markets, following unprecedented disruption in 2020 due to the Covid-19 pandemic, according to the latest report from the International Labour Organization, ILO.
Tuesday, January 26th 2021 - 09:24 UTC
“Journey of recovery” in 2021 will be accompanied by a high level of uncertainty, Christine Lagarde

Christine Lagarde, president of the European Central Bank (ECB), said on Monday that the “journey to recovery” in 2021 would most likely be accompanied by a “very high level of uncertainty” before a transition to a “new economy.”
Tuesday, January 26th 2021 - 09:21 UTC
Janet Yellen Secretary of the Treasury: ample bipartisan support

By an overwhelming majority, the United States Senate voted on Monday to confirm Janet Yellen as the 78th Secretary of the Treasury. Yellen, 74, is the first woman to hold the position in the Treasury’s 231-year history, and only the second person to ever have served as both Federal Reserve chair and Treasury Secretary.
Tuesday, January 26th 2021 - 09:20 UTC
Argentina's mining output fell 70% in 2020 compared to the previous year

The Argentine Chamber of Mining Entrepreneurs (CAEM) reported that the country’s mining output fell by 70% y-o-y in 2020 due to the effects of the Covid-19 pandemic. CAEM also said that small and medium-sized mining operations, which tend to be family-owned, saw a 40-50% fall in production.
Tuesday, January 26th 2021 - 09:14 UTC
“Buy American”, one of the lessons learnt from the pandemic, Biden underlines

United States President Joe Biden on Monday signed a “Buy American” executive order to ensure that the federal government invests taxpayers' money on U.S.-made goods in an effort to revitalize the country's manufacturing industry and resilient supply chains.
Tuesday, January 26th 2021 - 08:58 UTC
G7 will meet in June in Cornwall to make the future fairer, greener and more prosperous

Prime Ministers and Presidents from the world’s leading democracies will come together in Cornwall, England in June to address shared challenges, from beating coronavirus and tackling climate change, to ensure that people everywhere can benefit from open trade, technological change, and scientific discovery.
Tuesday, January 26th 2021 - 08:47 UTC
Colombian ex paramilitary boss deported back from the US

REUTERS – A Colombian ex paramilitary boss accused of crimes including torture and murder was deported from the United States on Monday, Bogotá migration authorities revealed. Hernan Giraldo, 72, was extradited to the United States from Colombia in 2008, where he served a 12-year sentence for drug trafficking offenses.
Tuesday, January 26th 2021 - 08:35 UTC
EU warns on export rules for Covid-19 vaccines if supplies to the 27 member block are limited

The European Union has warned it will tighten rules on exports of Covid vaccines, amid a row with AstraZeneca over a cut in planned supplies to the 27-member bloc. Health Commissioner Stella Kyriakides said the EU “will take any action required to protect its citizens.”
Tuesday, January 26th 2021 - 08:27 UTC
Merkel and Biden agree to closer cooperation in pandemic, defense and trade

REUTERS – German Chancellor Angela Merkel spoke on Monday to US president Joe Biden to congratulate him and agreed on closer cooperation in tackling world challenges, particularly the pandemic, defense, and trade.