Economy

• Saturday, February 19th 2022 - 10:06 UTC

  IMF says draft of deal with Argentina almost ready

  

  A high-ranking International Monetary Fund (IMF) official Friday announced a full deal with Argentina “is very close,” as the Government of President Alberto Fernández hopes it will be next week, so that it can be put up for Congressional approval at the start of the new Legislature, March 1.

• 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.

• 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 - 20:29 UTC

  Uruguayan President promised new investments by Argentine group

  

  Uruguayan President Luis Lacalle Pou met this week with representatives from the Argentine Grupo Werthein to discuss further developments and investments in the country, it was reported.

• Friday, February 18th 2022 - 10:25 UTC

  Argentina’s Central Bank raises interest rates amid growing inflation

  

  Argentina’s Central Bank (BCRA) Thursday increased interest rates to 42.5%, it was announced. The measure is consistent with recent talks between the Government of President Alberto Fernández and the International Monetary Fund (IMF).

• Friday, February 18th 2022 - 09:24 UTC

  Falklands' Chamber of Commerce organizes First Environmental Business Symposium

  

  The Falkland Islands Chamber of Commerce has announced the first Falkland Islands Environmental Business Symposium, will be held at 12:30 on the 18th of March. The Chamber is bringing together speakers from organizations across the Falklands to share knowledge and discuss what businesses can do to reduce or offset their environmental impacts.