Stories for February 2022

Saturday, February 19th 2022 - 09:33 UTC
Number of fatalities in Petropolis keeps rising as rescue work affected by rain

Rains have kept falling in the Brazilian city of Petropolis in the Brazilian State of Rio de Janeiro, which has affected relief work and taken the death toll up to 136, it was reported Friday, as the number of missing people rose to 213. Some 700 people were still sheltering in schools and churches after being evacuated from their homes.
Saturday, February 19th 2022 - 09:22 UTC
WTO Fisheries to end subsidies committee: Agreement to finalize negotiations as soon as possible

The World Trade Organization committee to eliminate subsidies for illegal, unreported and unregulated fishing and banning certain forms of fisheries subsidies to impede overcapacity and overfishing, have agreed to continue working and conclude negotiations as soon as possible,
Saturday, February 19th 2022 - 09:19 UTC
Ahead of another major blunder, an Argentine haircut for the IMF

By Willem H. Buitter – By approving an unprecedentedly large loan to Argentina in mid-2018, despite the country's failure to meet basic borrowing conditions, the International Monetary Fund committed a major blunder. Rather than compounding the mistake with another similar program, it should accept reality – and responsibility.
Saturday, February 19th 2022 - 09:16 UTC
Strong jump in global 2021 trade of goods and services ,to pre-Covid-19 level, UNCTAD report

The United Nations Conference on Trade and Development UNCTAD has published the Global Trade Update report, which shows that in 2021, world trade in goods remained strong and trade in services finally returned to its pre-COVID-19 levels.
Saturday, February 19th 2022 - 08:14 UTC
US top leader in revenue from beef exports; Brazil leads in volume

United States keeps breaking records and slowly taking the global beef exports leadership, at least in terms of revenue according to the latest figures from the US Department of Agriculture, USDA. A situation which is having its impact on Brazil, a longtime top of the list in beef exports.
Saturday, February 19th 2022 - 08:03 UTC
Audis, Porches and Lamborghinis adrift in the north Atlantic

Some four thousand brand new models of Audis, Porches, and Lamborghinis are adrift in the North Atlantic, close to the Azores islands when the freighter carrying them caught fire and the crew had to be rescued.
Saturday, February 19th 2022 - 07:50 UTC
Historic shift for US: from net crude exporter in 2020, to net importer in 2021 and 2022

By Michael Kern for Oilprice.com - Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net petroleum exporter in 2020, the U.S. Energy Information Administration (EIA) said on Friday.
Friday, February 18th 2022 - 21:32 UTC
Eduardo Bolsonaro says Milei's role should be reassessed

Brazilian Deputy Eduardo Bolsonaro, son of President Jair Bolsonaro, Thursday praised his Argentine colleague Javier Milei, whom he found way different from former President Mauricio Macri, it was reported.
Friday, February 18th 2022 - 20:55 UTC
Rebels evacuate Ukrainian civilians as violence escalates

Pro-Russian separatists in East Ukraine have started evacuating civilians towards Moscow, as an all-out war looks more imminent by the hour, according to leaders from the self-proclaimed Luhansk People's Republic (LPR) and Donetsk People's Republic (LPR) Denis Pushilin and Leonid Pasechnik respectively.
Friday, February 18th 2022 - 20:51 UTC
Sanctions are coming up regardless, Putin says

Russian President Vladimir Putin Friday downplayed the seriousness of threats from Western powers in case of an Ukraine invasion. He said the Western countries would impose sanctions on Russia anyhow.