Economy

Saturday, May 8th 2021 - 09:10 UTC
Quarantine has catastrophic consequences on Argentina's economy, report shows

Argentina's Federal Tax Bureau AFIP data shows 235,381 jobs were lost and around 23,000 companies had closed as the result of the contraction in the economy due to the health measures to control coronavirus, it was reported Friday.
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Saturday, May 8th 2021 - 08:15 UTC
Argentina's inflation for the year 2021 forecast at 47.3%

Argentina's monthly inflation for April 2021 is expected to be around 3.8%, according to consulting firms surveyed by the Central Bank.
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Saturday, May 8th 2021 - 06:41 UTC
Paraguayan President Abdo meets with Spain's FM

Paraguay's President Mario Abdo Benítez Friday welcomed Spain's Foreign Minister Arancha González Laya at the presidential residence of Mburuvicha Roga in Asunción. The presence of Spain's top diplomat is linked, among other issues, to Mercosur's trade deal with the European Union.
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Friday, May 7th 2021 - 09:05 UTC
Brazilian FM underscores China's significance to the South American country

Brazil's Foreign Minister Carlos França Thursday expressed his country's intentions to expand and diversify its economic and trade relations with China, which has grown to become its largest trading partner.
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Friday, May 7th 2021 - 08:57 UTC
China open to trade deal either with Uruguay or with all of Mercosur, says Ambassador

China's Ambassador in Montevideo Wang Gang Wednesday underlined his country's “open attitude” towards a trade agreement “either bilateral or en bloc” with Mercosur (Argentina, Brazil, Paraguay, Uruguay) “when Uruguay or the bloc as a whole are ready.”
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Friday, May 7th 2021 - 08:28 UTC
Unemployment in Uruguay falls bellow 10% in March

Uruguay's labour market showed some recovery Thursday as unemployment in March fell to 9.7% from February's 11.1%, according to a report released by the National Institute of Statistics (INE).
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Thursday, May 6th 2021 - 23:59 UTC
Falklands economy boasts healthy trade surplus but income inequality increases

The value of goods exported from the Falkland Islands recorded a compound annual growth rate of 8.1% between 2010 and 2019, according to the Falkland Islands Government’s State of the Economy report.
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Thursday, May 6th 2021 - 09:33 UTC
Uruguay's inflation projected at 6.8% year on year fits within government’s target

Uruguay has managed to keep inflation at 6.8%, which is within the government's target range for the first time in 36 months, it was announced Wednesday.
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Thursday, May 6th 2021 - 08:48 UTC
Brazil's Central Bank ups basic interest rate to curb growing inflation

In a move to curb growing inflation, Brazil's Central Bank Wednesday decided to raise the basic interest rate by 0.75 percentage points, to 3.5% per year. It was the second time in a row that the monetary authorities responded to this type of measure.
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Thursday, May 6th 2021 - 08:36 UTC
London has a new, logical post-Brexit foreign ambassador

The British government of Prime Minister Boris Johnson finally agreed to grant the representative of the European Union the diplomatic status held by all foreign ambassadors, which seemed natural after Brexit, but not for those who claimed the EU is not a nation-state.
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