Economy

• Wednesday, October 12th 2022 - 09:43 UTC

  France with gasoline and diesel outages because of oil refineries strikes

  

  Industrial conflict in French oil refineries has left many gasoline stations without fuel forcing the government to requisition with a court order, essential workers to staff oil depots of companies in conflict.

• Wednesday, October 12th 2022 - 09:26 UTC

  IMF anticipates recession in Germany and Italy next year and an almost halt for the UK economy

  

  The International Monetary Fund (IMF) on Tuesday predicted that Germany and Italy would both fall into recession next year, while Great Britain the G7 best performing economy this year, will come to an almost halt in 2023, following on the announcement of the mini budget by the Liz Truss government.

• Tuesday, October 11th 2022 - 17:56 UTC

  Argentina burdened by high inflation and multiple exchange rates

  

  Argentina's economy seems to have a dark future ahead, according to reports in Buenos Aires media highlighting that inflation in the first week of October alone reached 2.8 % in the price of food.

• Tuesday, October 11th 2022 - 10:29 UTC

  World Bank, IMF heads foresee recession ahead

  

  The planet must prepare itself for a full-size recession, according to forecasts announced Monday by the heads of the International Monetary Fund (IMF) and the World Bank, who spoke of economic headwinds ahead.

• Monday, October 10th 2022 - 18:55 UTC

  Nobel Economics Prize split among 3 US scholars

  

  The Nobel Prize in Economics was awarded to Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig of the United States “for their research on banks and financial crises,” it was announced in Stockholm Monday.

• Saturday, October 8th 2022 - 10:16 UTC

  Uruguay launches stamp, announces coin commemorating Andes plane crash

  

  Uruguayan President Luis Lacalle Pou Friday took part in a ceremony marking the 50th anniversary of the so-called Andes tragedy, an airplane crash that made history since many victims survived after being left for dead.

• Saturday, October 8th 2022 - 10:13 UTC

  Colombian president desists from taxing extractive industries

  

  The government of president Gustavo Petro is back stepping from one of his electoral campaign pledges, taxing extractive industries to have Colombia rapidly transit a green, environment friendly economy.

• Saturday, October 8th 2022 - 10:05 UTC

  Argentina passes IMF test, gets US$ 3.8 billion

  

  The International Monetary Fund's Board of Directors Friday approved the 2022 second semester review, thus clearing the way for a US$ 3.8 billion disbursement in favor of Argentina.

• Friday, October 7th 2022 - 10:20 UTC

  Blinken discusses bilateral issues with Boric in Santiago

  

  US Secretary of State Antony Blinken met with Chilean President Gabriel Boric Font Wednesday at the Palacio de la Moneda, in Santiago, to discuss further investments in the South American country, it was reported.

• Friday, October 7th 2022 - 10:18 UTC

  Brazil files key memorandum to join OECD

  

  The Government of Brazil has taken yet another step toward joining the Organization for Economic Cooperation and Development (OECD) by sending the initial memorandum of accession, it was reported Thursday. The OECD brings together the most industrialized economies on the planet.