Economy

• Tuesday, December 22nd 2020 - 07:22 UTC

  PM Johnson pledges to unblock trade across the Channel, but situation sounds chaotic

  

  British Prime Minister Boris Johnson on Monday sought to sound a note of calm saying he was working “as fast as possible” to unblock trade across the Channel after France shut its borders to UK haulers in a bid to contain a new variant of the coronavirus.

• Monday, December 21st 2020 - 08:45 UTC

  French mayor threatens with a “Falklands' war” if no accord is reached on UK/EU fishing waters

  

  The French Mayor Frederic Couvillier, of the city of Boulogne-sur-Mer, has threatened the UK with a “Falklands War” pertaining the dispute over the fishing waters with the European Union. Furthermore, the mayor warned of the threat of an armed conflict in light of the looming Brexit deadline.

• Saturday, December 19th 2020 - 07:52 UTC

  US approves GM pigs for use as food and for medical products

  

  The United States Food and Drug Administration (FDA) has approved a genetically modified pig to be used as food and for medical products.

• Friday, December 18th 2020 - 08:54 UTC

  Unemployment in Argentina during the third quarter remains at two digits

  

  The unemployment rate in Argentina fell in the third quarter from the previous three months as an economic activity seems to be tepidly recovering. The rate fell to 11,7% at the end of September compared to 13,1% in the second quarter, according to the country's stats office, Indec.

• Friday, December 18th 2020 - 08:14 UTC

  CBI calls on the EU for a customs grace period after Brexit: UK firms “still on the dark”

  

  Britain's biggest business lobby group called on the European Union to delay introducing new customs checks after Brexit because firms haven't had enough time to prepare amid the coronavirus pandemic.

• Thursday, December 17th 2020 - 10:55 UTC

  Uruguay closes borders from 21 December to 10 January to help contain its Covid-19 first wave

  

  Uruguay announced it will regulate the constitutional right to assembly when a sanitary emergency, lockdown access to the country from 21 December to 10 January, limit the number of passengers in long range transport, and have government staff take their annual vacation and those remaining, unless essential personnel, will work from their homes.

• Thursday, December 17th 2020 - 10:50 UTC

  IMF working constructively with Argentina until the country “has clarity about its medium term objectives”

  

  The managing director of International Monetary Fund (IMF), Kristalina Georgieva, highlighted that “they are working constructively with Argentina” and ratified the commitment so that the country ”has clarity about its medium-term objectives.”

• Thursday, December 17th 2020 - 10:16 UTC

  Fed urges more fiscal stimulus and confirmed monthly purchase of US$ 120 billion in bonds

  

  The Federal Reserve concluded its final meeting of a tumultuous year on Wednesday, as policymakers weigh a mixed bag of economic signals in setting the central bank’s course for the new year and beyond.

• Thursday, December 17th 2020 - 10:08 UTC

  US and UK in talks to seal a mini-deal to reduce trade tariffs

  

  The outgoing US administration is in talks with the UK to try to seal a mini-deal to reduce trade tariffs, Trump's trade chief has told the BBC. US Trade Representative Robert Lighthizer said he was hopeful for a deal that could see punitive tariffs on Scottish whisky lowered.

• Thursday, December 17th 2020 - 10:00 UTC

  IMF chief says 62% of lending has gone to 21 countries in Latin America

  

  Sixty-two percent of the International Monetary Fund’s lending in response to the coronavirus pandemic has gone to 21 countries in hard-hit Latin America, IMF Managing Director Kristalina Georgieva said.