Economy

Saturday, March 13th 2021 - 08:05 UTC
China represented 17% of the global economy in pandemic plagued 2020

China's economic output is forecast to account for more than 17% of the world's economy in the coronavirus-plagued 2020. As the sole economy recording positive GDP growth last year, China will ramp up efforts and strive to achieve higher quality, more efficient, sustainable and safer development in 2021, a senior government official revealed in Beijing.
Friday, March 12th 2021 - 17:58 UTC
ECB keeps interest rates at historic low and pledges to step up bond buying

The European Central Bank (ECB) on Thursday kept interest rates at historic lows and said it was stepping up its bond-buying stimulus in the coming months. The steps are aimed at halting what is regarded as a premature rise in borrowing costs in the 19 countries that use the Euro currency.
Friday, March 12th 2021 - 13:43 UTC
April 30, a critical date for when Falklands first squid catches are landed in Spain

April 30 is a critical date for when the South Atlantic squid catches reach Vigo in Spain. It will also be a Brexit test since tariffs involving third countries such as the UK do not apply to catches from British waters, except for increased customs paperwork, but do apply for fish produce from British territories overseas.
Friday, March 12th 2021 - 13:20 UTC
Brazilian record pork exports in first two months; China the main market

Brazilian pork exports (fresh and processed) recorded a 20.3% increase in February, totaling 81,100 tons compared to 67,400 tons registered in the same period in 2020. Revenues from sales in February totaled US$ 185.7 million, 19.9% higher than the second month of 2020 when sales reached US$ 154.9 million.
Friday, March 12th 2021 - 10:08 UTC
Argentina promises Bolivia's incorporation to Mercosur for the next bloc's summit

Argentina pledged on Thursday to manage Bolivia's entry into Mercosur, after both countries relaunched their trade relationship during the official visit of the Argentine Foreign Minister, Felipe Solá, who sees the need to approve the full entry of the Andean country at the next Mercosur summit to be held on March 26.
Friday, March 12th 2021 - 09:06 UTC
Brazilian congress passes US$ 8 billion bill to help millions of poor families

Brazil's lower house of Congress approved the basic text of a bill on Thursday that revives a federal cash transfer program to help millions of poor families whose incomes have been hit by the COVID-19 pandemic.
Thursday, March 11th 2021 - 09:07 UTC
Great victory for Biden: on Friday he signs the US$ 1,9 trillion American Rescue Plan

Great victory for president Joe Biden: US Congress on Wednesday passed the enormous Covid-19 economic relief package --the greatest support program since the end of World War II--, which will inject billions to families and businesses.
Wednesday, March 10th 2021 - 09:55 UTC
Austrian coalition will block EU/Mercosur trade accord if it goes against the European Green Deal

Austria’s coalition government has confirmed it will block the landmark EU-Mercosur trade agreement – which should create the biggest free-trade area in the world – saying it goes against the EU’s environmental ambitions set out in the European Green Deal.
Wednesday, March 10th 2021 - 08:49 UTC
Chinese foreign trade booming in the first two months of 2021

China's total goods imports and exports expanded 32.2% year on year to 5.44 trillion Yuan (some US$ 838.16 billion) in the first two months of 2021, sustaining growth momentum in previous months, official data showed. Exports jumped 50.1% while imports rose 14.5% in Yuan terms, according to the General Administration of Customs (GAC).
Wednesday, March 10th 2021 - 08:46 UTC
Global economy forecasted to grow 5,6% this year if vaccination rollout is effective

Global gross domestic product (GDP) will grow at 5.6% this year if vaccination rollout is fast and effective enough across the world, the Organization for Economic Cooperation and Development (OECD) said Tuesday in its Interim Economic Outlook.