Economy

Thursday, July 14th 2022 - 09:10 UTC
Ukraine war: Euro cheaper than the US dollar for the first time in two decades

As Ukraine war continues and fears that Russia could further restrict Europe's supplies of gas, increasing the chances of a recession in the Eurozone, the European common currency has fallen below the dollar for the first time in nearly 20 years.
Thursday, July 14th 2022 - 08:01 UTC
Panamanian protesters to stay in the streets until their demands are met

Thousands of Panamanians took to the streets over the past few days to protest against the seemingly unstoppable inflation and Government corruption, while measures offered by the administration of President Laurentino Cortizo regarding the price of fuel and food were deemed insufficient.
Wednesday, July 13th 2022 - 22:47 UTC
Still 132 years before gender parity, World Economic Forum report heralds

The planet will reportedly need to wait another 132 years before total parity between men and women is achieved in the economic, political, educational, and health fields, according to a World Economic Forum (WEF) report on the gender gap released Wednesday.
Wednesday, July 13th 2022 - 09:47 UTC
Argentina targeting export industries, facilitates the import of fertilizers

Argentina has eased conditions for importers of fertilizers and crops' protection products, among other issues by facilitating access to much scarce foreign currency. The Central Bank has increased restrictions on sumptuary imports, traveling, and overseas purchases given the lack of sufficient dollar reserves for the purchase of industry imports.
Wednesday, July 13th 2022 - 09:45 UTC
Scioli off to Brazil in a move to cut down Argentina's trade deficit

Argentina's Productive Development Minister Daniel Scioli is taking center stage this week as he leaves Wednesday for Sao Paulo on a mission to overcome the sustained trade deficit between his country and Brazil, where he has served as Ambassador up until last month when he was summoned to Buenos Aires to replace Matías Kulfas.
Tuesday, July 12th 2022 - 19:32 UTC
Brazilian record corn crop stored in the open; 11 million tons of soybeans remain unsold

Warehouses in Brazil are still full of soybeans, harvested just a few months before corn. In the state of Mato Grosso, soybean production was high this season, but at the same time sales are slower than usual, leaving warehouses with no space for corn, according to Cleiton Gauer, superintendent of the Mato Grosso Institute of Agricultural Economics (IMEA).
Tuesday, July 12th 2022 - 19:05 UTC
Heathrow caps number of departing passengers to avoid overcrowding

Managers at London's main airport announced they were imposing a 100,000-daily-passenger cap in a move to curb traveler lines and luggage delays amid recurrent cancellations and other nuisances. Heathrow serves 203 destinations in 84 countries.
Tuesday, July 12th 2022 - 18:59 UTC
Argentina's trade balance with Brazil in the red for 6th month in a row

Bilateral trade between Mercosur partners Brazil and Argentina was reported to have reached US$ 2,937 million in the month of June of 2022, a 46.9% increase against the same period of 2021, according to the Argentine Chamber of Commerce (CAC) document released earlier this week.
Tuesday, July 12th 2022 - 18:54 UTC
Euro-zone inflation, things will get worse before they begin to improve

The Euro-group, (countries using the Euro) finance ministers said that combating inflation was their number one priority. The announcement follows on the European Commission revised economic forecast anticipating dwindling growth and increasing geopolitical and natural disruptions to business as the biggest drags on the economy as a whole.
Tuesday, July 12th 2022 - 13:08 UTC
Inflation in Chile at record level since June 1994

Inflation in Chile reached 0,9% in June, 7,1% in the first half of the year and 12,5% in the last twelve months, which is the highest since 28 years, in June 1994.