Economy

Saturday, November 6th 2021 - 09:38 UTC
UK Overseas Territories in support of COP26 and marine biodiversity

The Association of United Kingdom Overseas Territories has published a joint statement in support of COP 26 and its commitment to protecting 30% of the world's oceans by 2030. The UK and its OTs are described as the world's fifth-largest marine estate.
Saturday, November 6th 2021 - 09:30 UTC
October FAO's food price index at its highest since July 2011

The world food price barometer surged to a new peak reaching its highest level since July 2011, the Food and Agriculture Organization of the United Nations (FAO) reported.
Friday, November 5th 2021 - 18:29 UTC
CAF, World Bank to join efforts financing climate actions

Latin America's Development Bank CAF and the World Bank’s Latin America and the Caribbean Region have pledged at COP-26 to join efforts to implement climate action strategies throughout, Latin America and Caribbean (LAC) countries, it was announced Friday.
Friday, November 5th 2021 - 09:30 UTC
Third month of Chinese ban on Brazilian beef; speculations as to commercial or technological motives

Brazil's beef exports plummeted during October as a consequence of the ban on purchases from its main client, China. Last October sales dropped to 82,180 tons compared to 162.880 a year ago, according to Secex, Brazil's foreign trade secretariat.
Friday, November 5th 2021 - 09:29 UTC
Argentine Central Bank takes action to keep exchange rate under control

Argentina's Central Bank (BCRA) Thursday ordered banking institutions nationwide not to increase their holdings in foreign currency until the end of the month, amid a market pressure on the exchange rate.
Friday, November 5th 2021 - 09:15 UTC
More Brazilians in debt amid growing inflation

Brazil's economic crisis has led to an unprecedented number of households being unable to repey their debts, it was reported Thursday.
Thursday, November 4th 2021 - 09:55 UTC
Argentina's trade balance with Brazil ends up positive for 2nd straight month

Argentina's trade balance with Brazil yielded positive results for the second straight month in October 2021. However, numbers for the first 10 months of the year are still in the red.
Thursday, November 4th 2021 - 09:45 UTC
UK flagged fishing vessel released by French court; London and Paris officials to meet to de escalate dispute

A UK trawler impounded by French authorities over a fishing licenses' dispute with Britain was released on Wednesday by a French court overturning an earlier demand that it pays a €150,000 bond.
Thursday, November 4th 2021 - 09:40 UTC
Venezuelan aircraft banned in the US carries Evo Morales to Buenos Aires

Former Bolivian President Evo Morales landed in Buenos Aires aboard a Venezuela-registered aircraft blacklisted by the United States Treasury Department.
Thursday, November 4th 2021 - 09:33 UTC
Federal Reserve begins gradual monthly tapering of stimulus this month

Finally, following a two-day meeting, it's official: the US Federal Reserve announced on Wednesday it will begin tapering stimulus to the economy this month but also leaving the door open for possible changes if there are shifts in the scenario because of the pandemic. Likewise, inflation was described as “transitory” because of supply chain issues in the post-pandemic recovery.