Economy

Tuesday, February 23rd 2021 - 09:07 UTC
February a poor month for industrial confidence in Brazil

A survey from the prestigious Getulio Vargas foundation showed that Brazilian industrial confidence fell in February for a second consecutive month, further evidence that the economy is losing steam and could even contract in the first quarter.
Tuesday, February 23rd 2021 - 08:45 UTC
“No chance at the moment for ratification of trade deal with Mercosur”, France

There is no chance at the moment that France will ratify a free-trade deal between the European Union and the Mercosur group, an official at the presidential palace in Paris said on Monday.
Tuesday, February 23rd 2021 - 08:24 UTC
Boeings 777 grounded after incident when an engine caught fire and pieces fell over Denver

Boeing has called for the grounding of 128 of its 777 planes across the world as US regulators investigated a United Airlines flight whose engine caught fire and fell apart over a suburban area of Denver in Colorado State.
Tuesday, February 23rd 2021 - 08:11 UTC
Bolsonaro's arrogance plunges Bovespa index 4% and Petrobras shares 21%

Brazil’s benchmark Bovespa index fell more than 4% Monday following President Jair Bolsonaro's decision last week to replace the chief executive of state oil company Petrobras. The company's shares plunged more than 21% on news that the government nominated an army general with no oil and gas industry experience as its new CEO.
Monday, February 22nd 2021 - 08:15 UTC
Northern Ireland Democratic Unionist Party will take legal action against Brexit

Members of Northern Ireland's Democratic Unionist Party (DUP) are set to take part in legal action challenging part of Brexit, the party said on Sunday. DUP opposes the Northern Ireland protocol, which covers post-Brexit trade between Britain and Northern Ireland, because it creates barriers between the British region and the rest of the UK and has caused disruptions.
Monday, February 22nd 2021 - 07:03 UTC
Bank of England divided over the use of negative interest rates

A member of Bank of England's Monetary Policy Committee, Gertjan Vlieghe, openly supported the use of negative interest rates if the U.K. needs more stimulus, while Deputy Governor Dave Ramsden said the bank still had scope for more quantitative easing. which has been a tried and tested policy.
Sunday, February 21st 2021 - 17:17 UTC
WTO chief calls on rich countries to share vaccines now, rather than waiting for the surplus

The World Trade Organization, WTO, chief said that UK and other wealthy nations should send Covid-19 vaccines to poorer countries now rather than waiting for the surplus.
Friday, February 19th 2021 - 07:58 UTC
US will keep Trump tariffs on Chinese goods, Treasury Secretary Yellen

Treasury Secretary Janet Yellen said on Thursday that US will keep tariffs imposed on Chinese goods by the Trump administration in place for now, but will evaluate how to proceed after a thorough review.
Friday, February 19th 2021 - 07:45 UTC
Canada determined to follow Australia and France, and make Facebook pay for news content

Canada is following Australia and vowed on Thursday to make Facebook Inc pay for news content, seeking allies in the media battle with tech giants and pledging not to back down if the social media platform shuts off the country's news.
Friday, February 19th 2021 - 07:30 UTC
Super Mario to the rescue of Italy with full support from all the political arch

Italian Prime Minister Mario Draghi on Thursday secured final parliamentary approval for his government of national unity. The lower house, Chamber of Deputies, backed the former European Central Bank (ECB) chief and his mixed Cabinet team of technocrats and politicians with 535 votes in favor, 56 against and five abstentions.