Economy

• Friday, April 22nd 2022 - 09:19 UTC

  Economic sanctions “destroy bridges” and stimulate “economic wars”, minister Guedes

  

  President Jair Bolsonaro Economy minister, Paulo Guedes said that Brazil clearly condemns the Russian invasion of Ukraine but is point blank against imposing economic sanctions on Moscow, a close BRICS partner.

• Thursday, April 21st 2022 - 09:59 UTC

  IMF: inflation is Argentina's main threat

  

  International Monetary Fund (IMF) Managing Director Kristalina Georgieva Wednesday said the greatest risk facing Argentina was inflation. She made those remarks during a speech at the Joint Assembly of the IMF and the World Bank in Washington, DC.

• Wednesday, April 20th 2022 - 09:44 UTC

  IMF revises Argentina's projected growth upwards

  

  The International Monetary Fund (IMF) has raised its projections for Argentina's growth during 2022 to 4%, it was reported Tuesday in Washington DC. These figures show an improvement from those released just days ago by other agencies such as the World Bank (3.6%).

• Tuesday, April 19th 2022 - 09:54 UTC

  Problems and challenges Brexit brought for the Falklands' economy still pending

  

  Brexit has “brought problems” for the Falkland Islands’ fishing industry, a Labour former defense minister has warned. Derek Twigg, chairman of the Falkland Islands All-Party Parliamentary Group (APPG), said there had “been a lot of concern” over the impact of the UK’s exit from the EU on Falkland Islands fishing exports, such as squid.

• Tuesday, April 19th 2022 - 09:50 UTC

  Bolsonaro, WTO chief agree on Brazil's role as food supplier

  

  President Jair Bolsonaro Monday acknowledged Brazil's role amid increasing global food insecurity as he met with the World Trade Organization (WTO) Director-General of Ngozi Okonjo-Iweala of Nigeria in Brasilia.

• Tuesday, April 19th 2022 - 09:42 UTC

  Record, two Falklands' full year inflation in a month in Argentina

  

  The Falkland Islands inflation during the last decade, on average has been below 4% annually. This however does not mean the Falklands are not vulnerable to the volatility of world energy and food prices.

• Tuesday, April 19th 2022 - 09:33 UTC

  Argentine Gov't proposes new tax to alleviate burden on the neediest

  

  The Argentine Government of President Alberto Fernández Monday announced it planned a new tax which was called “the windfall income,” to be levied on companies that last year had profits over AR$ 1 billion (around US$ 5 million at the unofficial exchange rate).

• Tuesday, April 19th 2022 - 03:38 UTC

  Brazil again top global beef exporter, followed by India, USA and Australia

  

  Brazil during March exported 203,490 tons of beef, up 28% year on year, and the UN Department of Agriculture anticipated that the country is projected to become once again the largest beef exporter in 2022., with shipments 12,1% higher than in 2021.

• Monday, April 18th 2022 - 22:55 UTC

  Pepe Mujica against blanket VAT reduction

  

  Former Uruguayan President José “Pepe” Mujica said the Government's blanket cut to the VAT should apply only to the needy people; otherwise, it becomes a benefit to those who can actually afford to pay full tax.

• Monday, April 18th 2022 - 15:29 UTC

  China lowers banks' reserves to stimulate the economy

  

  China's central bank announced last Friday a flat reduction of 25 basis points of in banks' reserve requirements, as part of the anticipated pro-growth measures to stimulate the world´s second-largest economy. The slowing down of domestic consumption in the first half of the year, flared by the outbreaks in Shanghai, are expected to be stronger in the second half.