Economy

• Wednesday, February 23rd 2022 - 20:07 UTC

  Federal tax collection in Brazil 18.3% up in January

  

  Collection of federal taxes in Brazil has reached its peak since 1995, according to a report from the Economy Ministry released Wednesday, which showed revenues had reached R$ 235.3 billion in the month of January of 2022.

• Wednesday, February 23rd 2022 - 10:04 UTC

  Trump says Putin's strategy was that of a “genius”

  

  Former US President Donald Trump Tuesday said Vladimir Putin's strategy in the Ukrainian case has been a “savvy” way around things, the doings of a “genius.” Trump expressed in a radio interview he thought what Putin had done was “smart.”

• Wednesday, February 23rd 2022 - 09:58 UTC

  Fitch warns about sanctions to Russia's oil and gas sector: barrel could exceed US$100

  

  If Western sanctions lead to Russia’s oil exports being completely cut off, the world can expect the international energy market to collapse, a senior figure at the US rating agency Fitch said on Tuesday.

• Wednesday, February 23rd 2022 - 09:54 UTC

  World Bank support for Argentina in 2022 expected to reach US$ 2bn

  

  A top-level Argentine economic and strategic delegation met in Washington with the World Bank Managing Director of Operations to address close bilateral relations, cooperation, and solid support from the bank for South America's second-largest economy.

• Wednesday, February 23rd 2022 - 09:24 UTC

  No more VAT for Uruguayan hotels to boost domestic travel

  

  The Government of Uruguay has decided to scrap the Value Added Tax (VAT) from hotel bills paid by local nationals between March 1 and April 17 in a move to boost domestic tourism. The measure, which was already in force for foreign travelers, seeks to help the leisure industry, heavily affected by the COVID-19 pandemic.

• Wednesday, February 23rd 2022 - 08:01 UTC

  Foreign Secretary Liz Truss announced the initial tranche of sanctions on Russia

  

  Following the Prime Minister-s announcement to the House of Commons, Foreign Secretary Liz Truss on Tuesday 22 February designated the initial tranche of sanctions on Russia. The sanctions package targets oligarchs and banks associated with the Kremlin.

• Tuesday, February 22nd 2022 - 10:50 UTC

  Uruguay has what world investors need, President Lacalle tells Dubai fair

  

  Uruguay's President Luis Lacalle Pou told attendees at the Expo Dubai 2022 international fair that the private sector made a country thrive and urged investors to pour into the South American country to become “owners, partners or shareholders of the food generation.”

• Tuesday, February 22nd 2022 - 10:04 UTC

  Sanctions impact on Belarus potash fertilizer and global food production

  

  Some of the first consequences of the Ukraine conflict? Belarus, a close ally of Russia's Vladimir Putin, has announced that the Belarus Potash Corporation, BPC, will no longer abide by some contracts following sanctions imposed by the United States and other countries.

• Tuesday, February 22nd 2022 - 09:58 UTC

  Brazil and South Korea share it's a good moment to advance with the Mercosur agreement

  

  Brazil's leading think tank, Getulio Vargas Foundation, believes that in the current global trade situation with bottlenecks, shortages of inputs and transport challenges there is a great opportunity to reach an integral trade agreement between Mercosur and South Korea.

• Monday, February 21st 2022 - 09:21 UTC

  IMF's Kristalina Georgieva: “We must fight inflation without impairing the recovery”

  

  International Monetary Fund Managing Director Kristalina Georgieva made the following statement at the virtual meeting of the G20 Finance Ministers and Central Bank Governors: