Economy

Tuesday, October 13th 2020 - 08:22 UTC
Two US academics and experts on auctions, awarded the Nobel Economics

United States academics Paul Milgrom and Robert Wilson won the 2020 Nobel Economics on Monday for work on auctions hailed as benefiting buyers and sellers around the world of everything from fishing quotas to aircraft landing slots.
Tuesday, October 13th 2020 - 06:56 UTC
British Airways, “fighting for survival” replaces CEO

British Airways CEO Alex Cruz has been replaced after four-and-a-half years on the job as the COVID-19 pandemic pummels airlines around the world.
Monday, October 12th 2020 - 09:34 UTC
IMF mission concludes a preliminary “exploratory” visit to Argentina

An International Monetary Fund mission concluded a visit to Argentina on Sunday, after several days of preliminary talks aimed at repaying about US$ 44 billion owed by the cash-strapped government to the fund.
Monday, October 12th 2020 - 09:00 UTC
Johnson talks to Macron for a secure post Brexit deal, but fisheries remain a major issue

Boris Johnson has told the French president the UK wants to “explore every avenue” to secure a post-Brexit trade deal with the EU, days before the PM's self-imposed deadline. Johnson told Emmanuel Macron “intensive talks” were needed to “bridge significant gaps” remaining across the negotiating table.
Saturday, October 10th 2020 - 09:15 UTC
Brazilian government cuts emergency cash transfers to help the poor withstand the pandemic

Many people in Brazil are struggling to cope with less pandemic aid from the government and jumping food prices, with millions expected to slip back into poverty. Brazil’s government, starting this month, halved the amount of its monthly emergency cash transfers to help Brazil’s poor withstand the hardship of the economic meltdown, down to 300 reais (US$54).
Saturday, October 10th 2020 - 08:55 UTC
Fitch confirms Uruguay's investment grade at BBB-, but warns about inflation, deficit and public debt

Fitch Ratings, one the world's leading credit rating agency has confirmed Uruguay's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-', however with a Negative Outlook, despite the country faring much better than its neighbors.
Friday, October 9th 2020 - 09:55 UTC
After rejecting Mercosur trade deal on climate demands, EU parliament votes to drastically cut greenhouse gases by 2030

European Union lawmakers have backed a plan to cut greenhouse gases by 60% from 1990 levels by 2030, hoping member states will not try to water the target down during upcoming negotiations.
Friday, October 9th 2020 - 09:36 UTC
Chile's foreign trade improving as September exports pick up

Chile's overseas trade reached almost US$ 93,5 billion, between January and September this year, an 11% drop year on year, the president Sebastián Piñera government announced on Thursday.
Friday, October 9th 2020 - 08:56 UTC
A woman will lead WTO for the first time: South Korean and Nigerian ministers in the final round

The World Trade Organization (WTO) announced on Thursday that South Korea’s trade minister and a Harvard-trained former Nigerian finance minister have qualified as the two finalists to become the next director-general, ensuring a woman in the top job for the first time.
Thursday, October 8th 2020 - 08:50 UTC
World trade with signs of recovery but still much conditioned to the evolution of the pandemic

World trade is showing signs of recovery after the slowdown caused by the Covid-19 pandemic, but the recovery still remains uncertain, according to a report from the World Trade Organization, WTO. The global entity’s new world trade volume projections are for a decrease of 9.2% for 2020 followed by a 7,2% increase next year.