Economy

Tuesday, April 12th 2022 - 09:04 UTC
What is a non-dom? The tax status claimed by UK Chancellor Sunak’s wife and other wealthy people

By Ronen Palan (*) – It has emerged that British Chancellor of the Exchequer Rishi Sunak’s wife, Akshata Murty, claims non-domicile (or “non-dom”) tax status, meaning that she does not have to pay UK taxes on income earned elsewhere. This revelation has drawn criticism, especially in light of Sunak raising taxes for working households. An expert answers our questions.
Monday, April 11th 2022 - 23:39 UTC
Argentina foresees foreign trade surplus for 2022, study shows

Due to the international increase in the price of agricultural products, Argentine traders foresee a trade surplus of US$ 14.1 billion for this year, because while imports would total US$ 70.6 billion, exports would reach US$ 84.4, according to a report by the Department of Information and Economic Studies of the Rosario Stock Exchange (BCR).
Monday, April 11th 2022 - 09:40 UTC
Former CAF, OAS agree on climate action and biodiversity agenda

The Organization of American States (OAS) and the Development Bank of Latin America -formerly known as Corporación Andina de Fomento (CAF)- have signed a memorandum of understanding whereby both institutions pledged to tackle environmental and climate issues together, it was announced.
Monday, April 11th 2022 - 09:32 UTC
Brazil's inflation for March 2022 disclosed: highest in 28 years

Brazilian economic authorities have last week disclosed the monthly inflation for March of 2022: It was 1.62%, the highest for the same period in the last 28 years, making the year-on-year accumulation reach 11.30%, way above expectations.
Monday, April 11th 2022 - 09:00 UTC
World food commodity prices 33,6% higher than in March 2021, FAO report

World food commodity prices made a significant leap in March to reach their highest levels ever, as war in the Black Sea region spread shocks through markets for staple grains and vegetable oils, the Food and Agriculture Organization of the United Nations (FAO) reported.
Saturday, April 9th 2022 - 08:20 UTC
Chile's inflation for March above market projections

For a month that began under one president and finished under the new one, Chile's inflation for March of 2022 reached 1.9%, slightly above market projections of up to 1.4%.
Saturday, April 9th 2022 - 08:08 UTC
Petrobras lowers price of cooking gas

Brazil's state-run Petrobras Friday announced a reduction in the price of Liquefied Petroleum Gas (LPG) sold to distributors and which is used for cooking and heating in households.
Saturday, April 9th 2022 - 07:33 UTC
Brazil's overall crop expected to reach 258,9 million tons

IBGE, the Brazilian Institute of Geography and Statistics cut the country's cereals, pulses, and oilseeds output estimate. According to the Statistics of Agricultural Production, conducted in March, Brazil will harvest an output of 258.9 million tons in 2022, 1% below (2.7 million tons less) than anticipated in February.
Friday, April 8th 2022 - 09:55 UTC
Argentina: Wage bargaining cushions margin to fight inflation

Argentine labor unions are negotiating wage adjustments of around 60% in an attempt to outpace the country's rampant inflation, it was reported in Buenos Aires.
Friday, April 8th 2022 - 09:19 UTC
Venezuela's monthly inflation stays within one-digit figures

Venezuela's economic authorities have reported one-digit monthly inflation once again for a country that had grown accustomed to astronomic figures. However, independent observers consider this data to be absurd.