Economy

Tuesday, March 8th 2022 - 09:11 UTC
FAO food price soars in February but profit margins are squeezed by energy, fertilizer and feed costs

The benchmark gauge for world food prices went up in February, reaching an all-time high, led by vegetable oils and dairy products, the Food and Agriculture Organization of the United Nations (FAO) has reported.
Monday, March 7th 2022 - 09:40 UTC
Globally-known credit cards no longer of use for Russians

The world's leading credit cards issued by Russian banks will no longer be accepted outside the country, while those issued abroad will not be valid for transactions, it was announced over the weekend.
Monday, March 7th 2022 - 09:38 UTC
China's fisheries policy changing? Diverting fuel subsidies from vessels to good WTO fishing practices

China is growing up to its international commitments: two coastal provinces following instructions from the Ministry of Agriculture and Rural Affairs have started to award “fishery stewardship subsidies” to its vessels depending on how they implement measures such as catch volumes, respecting opening and closure of seasons, during the previous year.
Saturday, March 5th 2022 - 09:59 UTC
Financial sanctions on Russia expected to hit harder on its ally Venezuela

Measures and sanctions targeting Russia's economy and banking system because of its military invasion of Ukraine, are having a great impact in world trade but the situation is anticipated will be particularly worse for some Latin American countries close to Moscow and the Vladimir Putin regime.
Saturday, March 5th 2022 - 09:50 UTC
Covid-19 measures and real estate debt are slowing economic growth, admits Beijing

China finally admits that the economy has suffered because of Covid 19 measures and the crackdown on real estate debt, and is this new “volatile, grave and uncertain” environment, the growth target has been lowered to “around 5,5%”.
Saturday, March 5th 2022 - 09:24 UTC
Business Officer for the Falkland Islands Development Corporation

The Falkland Islands Development Corporation. FIDC has announced the appointment of their new Business Engagement Officer, Jane Clarke, who took up this exciting new position on the 1st of March.
Thursday, March 3rd 2022 - 09:55 UTC
IMF deal draft due at Argentine Congress Thursday

Argentina's Finance Ministry looked all set Wednesday to send over to Congress the intended deal with the International Monetary Fund (IMF), it was reported. But it was still unclear how things would play out since the ruling Frente de Todos does not have an absolute majority in either House.
Thursday, March 3rd 2022 - 09:54 UTC
Financial rescue for embattled Ukraine from IMF and World Bank

The World Bank Group announced on Wednesday that it had stopped all its programs in Russia and Belarus, with immediate effect, as a result of the Russian invasion of Ukraine and hostilities against the people of Ukraine.
Wednesday, March 2nd 2022 - 09:55 UTC
Argentine president says IMF deal being fine-tuned

Argentine President Alberto Fernández Tuesday said his country was still fine-tuning details of an agreement with The International Monetary Fund (IMF) regarding the repayment of a US $ 44 bn loan taken during the Mauricio Macri administration.
Wednesday, March 2nd 2022 - 09:36 UTC
US and allies agree to release 60 million barrels of their oil reserves

The United States and allies will be releasing 60 million barrels from their reserves, in an effort to contain the effect on supply and prices of the Russian invasion of Ukraine. Thirty million will come from the US Strategic Petroleum Reserve and the other half from allies in Europe and Asia.