Economy

Thursday, December 10th 2020 - 09:29 UTC
The last dinner: Boris Johnson and von der Leyen share British scallops and turbot

After months of wrangling over access to British fishing waters, Britain's prime minister and the European Union's chief executive met for dinner in Brussels on Wednesday to pull Brexit trade talks back from the brink - and tucked into turbot.
Thursday, December 10th 2020 - 09:11 UTC
Brazil central bank keeps interest rate at record low 2%, but admits scenario of inflation expectations

Brazil’s central bank kept its key interest rate at a record low 2.00% on Wednesday, as expected, but gave the first sign it could soon drop its pledge to keep rates lower for longer as inflation expectations converge toward target.
Thursday, December 10th 2020 - 09:09 UTC
Argentine oilseed and grains exports stalled with new wage strike

Argentine grains inspectors and oilseeds workers started a new wage strike on Wednesday, organizers said in a joint statement, as stalling contract negotiations threatened to interrupt exports from one of the world's main bread baskets.
Thursday, December 10th 2020 - 08:58 UTC
Hunter Biden tax affairs under investigation; president elect supports his son

President-elect Joe Biden's son Hunter Biden, a focus of attacks from President Donald Trump and his Republican allies during the campaign for the White House, said on Wednesday the U.S. Attorney's Office in Delaware is investigating his tax affairs.
Wednesday, December 9th 2020 - 08:47 UTC
EU/UK reach post-Brexit deal on Northern Ireland; Johnson meets EC head in Brussels

The European Union and UK have reached an unofficial agreement on post-Brexit trade with Northern Ireland and its land border to the EU. The deal is not tied to last-gasp trade talks, but could help grease the wheels. The co-chairs of the EU-UK joint committee on Tuesday announced an “agreement in principle” pertaining in large part to the Irish border issue.
Tuesday, December 8th 2020 - 08:54 UTC
Argentina passes new tax on the rich; opposition claims it will further deter foreign investment

Argentina has passed a new wealth tax to help the government pay for health supplies and economic relief measures amid the ongoing coronavirus pandemic. Lawmakers in the Senate passed the bill, dubbed the “millionaire’s tax,” by 42 votes to 26 late on Friday.
Tuesday, December 8th 2020 - 08:31 UTC
China's November exports jumped 21,1% as the economy is back on solid recovery

China's exports jumped to record levels in November, offering fresh evidence of the world's second-largest economy's solid recovery from the COVID-19 pandemic that continues to ravage many major economies, while slower growth in imports also underscored persistent pressure on domestic demand from the virus.
Monday, December 7th 2020 - 08:59 UTC
Brazil has sold in advance 56,5% of its 2020/21 soybeans crop

Brazilian farmers have sold 56.5% of their beans in advance through December 4, Safras & Mercado, an agribusiness consultancy, said in a statement last Friday. Considering Brazil is poised to collect 133.517 million tons of the oilseeds this season, the volume of pre-sold soy amounts to an estimated 75.403 million tons, Safras said.
Monday, December 7th 2020 - 08:52 UTC
Despite political turmoil, Peru joins the group of countries issuing debt maturing in 100 years

Peru has joined a select group of countries issuing debt that matures in 100 years, as investors looked beyond the acute political crisis that has engulfed the country in recent weeks.
Monday, December 7th 2020 - 08:45 UTC
US jobs picked up in November, but the challenge remains long term employment

U.S. employers added 245,000 jobs last month and the unemployment rate slipped to 6.7%, the Department of Labor said on Friday. The fresh economic data shows the labor market clawing its way out of the pandemic-induced downturn, but still far away from a full recovery. The unemployment rate in the U.S. was 3.5% in February before the crisis hit.