Economy

• Wednesday, June 2nd 2021 - 01:15 UTC

  Falklands publishes ‘prudent budget’ for 2021/22

  

  The Falkland Islands Government yesterday published its budget for the upcoming financial year, describing it as a prudent budget that focuses on stability and continuity. The budget forecasts operating expenditure of £78.3m and revenues of £92.2m, as well as a capital programme totalling £53.5m for the upcoming financial year.

• Tuesday, June 1st 2021 - 09:43 UTC

  OECD foresees Argentina's economy will recover but still below pre-pandemic levels

  

  The Organization for Economic Cooperation and Development (OECD) forecast that Argentina's economy will expand in 2021 and 2022, but will nonetheless remain way below pre-pandemic levels, according to its semi-annual report on World Economic Outlook released Monday in Paris.

• Monday, May 31st 2021 - 09:06 UTC

  Caricom-Mercosur Chamber to attend WHO forum on post covid-19 trade

  

  The World Trade Organization (WTO) has invited the Inter-Regional CARICOM–MERCOSUR Trade Council (CCICaMe) to take part in the 2021 Public Forum “Trade after covid-19: Building Resilience,” to be held at its headquarters in Geneva, Switzerland, it was announced.

• Monday, May 31st 2021 - 08:14 UTC

  New Zealand is backing Australia in the “barley dispute” with China

  

  New Zealand has decided to support Australia in its dispute with China on barley tariffs, signaling goodwill to work on differences in how to approach Beijing. The announcement came on Sunday when Prime Minister Scott Morrison arrived in New Zealand for a Monday summit with Jacinda Ardern.

• Saturday, May 29th 2021 - 09:16 UTC

  Paraguay's Central Bank keeps interest rates at 0.75%; eyes 4% yearly inflation

  

  After a study through which it was determined that international factors remained favourable. Paraguay's Central Bank (BCP) Friday announced that its Monetary Policy Committee (CPM) unanimously decided to maintain the monetary policy interest rate at 0.75% annually.

• Friday, May 28th 2021 - 09:53 UTC

  Minister Guedes says Brazil favors the modernizing of Mercosur

  

  “We are liberal but not stupid,” said Brazil's Economy Minister Paulo Guedes Thursday during a virtual event where he explained that his country has no intention of leaving Mercosur, but it does want to modernize it.

• Friday, May 28th 2021 - 09:31 UTC

  Argentina: Bans on layoffs extended for 30 days

  

  The Argentine Government of Alberto Fernández Thursday decided to extend a ban on layoffs for another 30 days so that workers who were affected by the recent full-scale quarantine decreed de the President does not result in workers losing their jobs, it was announced.

• Friday, May 28th 2021 - 09:00 UTC

  Ban on flights to, from and through Belarus change map of Europe's commercial aviation

  

  The Russian government Thursday banned at least two European flights from landing in Moscow because they intended to avoid Belarusian airspace as per the European Union's advise, it was reported.

• Thursday, May 27th 2021 - 09:50 UTC

  Spain eyes Latin America and Mercosur for its new international economy strategy

  

  Spanish Prime Minister Pedro Sánchez Wednesday said his country intends to have a greater presence in Latin American markets and for that it is willing to invest more than 4,5 billion euros (almost US $ 5,5 billion).

• Wednesday, May 26th 2021 - 08:55 UTC

  Covid-19 deals 10-year setback to Latin America income levels, IMF top official says

  

  The International Monetary Fund (IMF)'s Director of the Western Hemisphere Department Alejandro Werner has said that the current coronavirus pandemic will result in a 10-year setback to the income levels of the region.