Economy

• Monday, June 14th 2021 - 10:01 UTC

  G7 Summit ends with signing of Carbis Bay Declaration to “end the pandemic”

  

  The world's wealthiest democracies Sunday signed the Carbis Bay Declaration whereby they all pledged to “end the pandemic and prepare for our futures” as well as to “build back better.”

• Saturday, June 12th 2021 - 09:55 UTC

  Argentina still resists drive to make Mercosur more flexible

  

  A top official from the Argentine Government spoke yet again against a bid from Brazil and Uruguay to make Mercosur more flexible and allow members to broker one-on-one deals with other countries or blocs.

• Saturday, June 12th 2021 - 09:20 UTC

  G-7 leaders gather in England, hope for a greener, more prosperous future

  

  Leaders from of the seven wealthiest democracies – the United States, Canada, France, Germany, Italy, Japan and the United Kingdom – Friday started three days of talks at the tiny village of Carbis Bay, near St. Ives in Cornwall, England, in pursuit of a greener, more prosperous and equitable future under the “build back better” motto.

• Saturday, June 12th 2021 - 08:00 UTC

  Taxing corporate profits: Is change coming to the world’s economic weather?

  

  By Gwynne Dyer – It’s not Bretton Woods, but it’s a start. The decision by finance ministers from G7 countries to create a global minimum tax rate on corporate profits, and reaffirmed by world leaders meeting in Cornwall, is a step in the right direction if only a baby step. The tide was due to turn about now, according to one theory, and maybe it’s finally happening.

• Saturday, June 12th 2021 - 07:52 UTC

  Queen Elizabeth and royal family host a reception for G7 leaders

  

  Britain’s Queen Elizabeth hosted on Friday reception for leaders of the Group of Seven (G-7) richest nations, who are holding a three-day summit. The reception was held at Cornwall’s Eden Project, an attraction that features the world’s largest indoor rainforest within giant domes.

• Thursday, June 10th 2021 - 21:15 UTC

  Cruise industry interested in returning to Uruguay for the 2021/22 season

  

  Uruguay has received over 200 requests for cruise vessels to call in Montevideo and Punta del Este for the coming 2021/22 season, (October/March), according to reports in the local media. Of the 200, 140 requests are for Montevideo and 60 for the international seaside resort of Punta del Este.

• Thursday, June 10th 2021 - 17:02 UTC

  Copa America loses leading sponsoring brewery

  

  The Ambev brewery has announced Wednesday that they had decided to withdraw from the much controversial Copa America football tournament of South American national teams due to start in Brazil this coming weekend.

• Thursday, June 10th 2021 - 09:30 UTC

  Bitcoin legal tender in El Salvador, first country ever

  

  The Parliament of El Salvador has passed with 62 out of 84 votes a bill submitted by President Nayib Bukele to classify Bitcoin as legal tender, thus becoming the first country in the world to adopt a cryptocurrency. Its use as legal tender will go into law in 90 days.

• Thursday, June 10th 2021 - 09:05 UTC

  Falklands Governor: a “superb season” for Fisheries based on catch volumes

  

  On June first Falklands governor Nigel Phillips CBE, delivered the annual address to the Islands Legislative Assembly on the budget for the new financial year. The following is the chapter on Fisheries and the “superb season”, based on the catch numbers.

• Wednesday, June 9th 2021 - 09:20 UTC

  Maersk encouraged by the boom in global trade and container business

  

  The growth of China’s exports to the United States is expected to boost global trade in 2021, according to Moller-Maersk. The logistics company predicts that global container trade is expected to increase between 5% and 7% in 2021 as consumers shift their demands, prioritizing the purchase of consumer goods over services.