Economy

Saturday, February 26th 2022 - 09:18 UTC
UEFA moves Champions League final from St Petersburg to Paris; Gazprom sponsorship cancelled

The Union of European Football Associations, UEFA finally decided on Friday to move the 2022 Champions League final from Saint Petersburg to Saint-Denis in the wake of Russia's invasion of Ukraine.
Thursday, February 24th 2022 - 09:40 UTC
Boris Johnson at business roundtable to discuss limiting Russian access to UK financial services

The Prime Minister on Wednesday met with some of the UK’s leading city firms, regulators and trade associations, to discuss the first package of economic sanctions being implemented against Russia, due to their recognition of Donetsk and Luhansk.
Thursday, February 24th 2022 - 09:25 UTC
Soybeans above US$ 615 in Chicago but Argentine producers angry

The threat of a full-scale war has increased fears of shortages in the near future, driving prices up. The ton of soybeans rose 2.4% and closed at US$ 615.45, while corn grew 1.3% to close at US$ 269.19 and wheat climbed 3.6% and to reach US$ 321.87, it was reported.
Thursday, February 24th 2022 - 09:10 UTC
World Trade Organization back to business in June for the twice suspended Ministerial Conference

World Trade Organization members agreed on Wednesday that the postponed 12th Ministerial Conference (MC12) will now take place during the week of 13 June in Geneva. The decision at a meeting of the organization’s General Council was taken following the easing of COVID-19 pandemic restrictions in the host country Switzerland.
Wednesday, February 23rd 2022 - 20:07 UTC
Federal tax collection in Brazil 18.3% up in January

Collection of federal taxes in Brazil has reached its peak since 1995, according to a report from the Economy Ministry released Wednesday, which showed revenues had reached R$ 235.3 billion in the month of January of 2022.
Wednesday, February 23rd 2022 - 10:04 UTC
Trump says Putin's strategy was that of a “genius”

Former US President Donald Trump Tuesday said Vladimir Putin's strategy in the Ukrainian case has been a “savvy” way around things, the doings of a “genius.” Trump expressed in a radio interview he thought what Putin had done was “smart.”
Wednesday, February 23rd 2022 - 09:58 UTC
Fitch warns about sanctions to Russia's oil and gas sector: barrel could exceed US$100

If Western sanctions lead to Russia’s oil exports being completely cut off, the world can expect the international energy market to collapse, a senior figure at the US rating agency Fitch said on Tuesday.
Wednesday, February 23rd 2022 - 09:54 UTC
World Bank support for Argentina in 2022 expected to reach US$ 2bn

A top-level Argentine economic and strategic delegation met in Washington with the World Bank Managing Director of Operations to address close bilateral relations, cooperation, and solid support from the bank for South America's second-largest economy.
Wednesday, February 23rd 2022 - 09:24 UTC
No more VAT for Uruguayan hotels to boost domestic travel

The Government of Uruguay has decided to scrap the Value Added Tax (VAT) from hotel bills paid by local nationals between March 1 and April 17 in a move to boost domestic tourism. The measure, which was already in force for foreign travelers, seeks to help the leisure industry, heavily affected by the COVID-19 pandemic.
Wednesday, February 23rd 2022 - 08:01 UTC
Foreign Secretary Liz Truss announced the initial tranche of sanctions on Russia

Following the Prime Minister-s announcement to the House of Commons, Foreign Secretary Liz Truss on Tuesday 22 February designated the initial tranche of sanctions on Russia. The sanctions package targets oligarchs and banks associated with the Kremlin.