Economy

• Saturday, July 31st 2021 - 06:56 UTC

  Russia plans to dominate Arctic sea routes with the largest fleet of icebreakers

  

  Hoping to develop the Northern Sea Route across the Arctic into an international shipping lane, Russia is building a group of icebreakers to be powered with liquefied natural gas.

• Friday, July 30th 2021 - 07:23 UTC

  Chinese investors eye Paraguay for Bitcoin production

  

  Paraguay is to receive large investments to install 500,000 Bitcoin miners, as at least eight Chinese economic groups have expressed their interest in relocating their operations to the South American country thanks to its favorable legislation.

• Thursday, July 29th 2021 - 07:58 UTC

  Fed leaves rates unchanged but admits inflation could force a change of policy

  

  The United States Federal Reserve kept interest rates unchanged, close to zero, despite an inflation spike during June when it soared to an annual 5,4%, its highest in thirteen years.

• Thursday, July 29th 2021 - 07:46 UTC

  Uruguay economy forecasted to grow 3,5% in 2021, with inflation above target, Central bank report

  

  The Uruguayan Central bank in its second-quarter Monetary Policy report forecasted a 3,5% expansion for the country's economy, the same as the estimate of the Finance ministry, but anticipated higher inflation because of an increase in public rates and commodities.

• Thursday, July 29th 2021 - 07:39 UTC

  Chilean agriculture short of manpower: some crops could remain without harvesting

  

  Chile's National Agriculture Society, SNA, has warned that up to 30% of crops could remain without harvesting because of a lack of manpower. SNA head Cristian Allendes participated in a conference on the labor problem and incentives to attract people to work in the fields, which was presented under the title of “How is the 2020/21 season coming along?”.

• Thursday, July 29th 2021 - 04:40 UTC

  Falklands agrees further economic support measures for community and businesses

  

  On Wednesday, ExCo agreed a further set of economic support measures for the community and local businesses, in light of the ongoing pandemic.

• Wednesday, July 28th 2021 - 09:40 UTC

  Uruguayans need to “get used” to price of petrol fluctuating, Energy Deputy Minister says

  

  Uruguay's Deputy Minister of Industry, Energy and Mining, Walter Verri hinted a new hike in the price of petrol was coming up in August and warned people will need to get used to such a mercurial behavior

• Wednesday, July 28th 2021 - 09:30 UTC

  Latina America forecasted to grow 5,8% in 2021, IMF Outlook

  

  The International Monetary Fund lifted previous 2021 growth forecasts for Latin America and the Caribbean to 5,8%, a significant advance over the last estimate from April, boosted particularly because of the good performances of the Brazilian and Mexican economies.

• Wednesday, July 28th 2021 - 09:10 UTC

  Argentina makes payment to Paris Club, loses reserves to cope with domestic demand of foreign currency

  

  Argentina Tuesday made a payment to the Paris Club which resulted in the country's reserves falling to the US $ 42,837 million, it was reported.

• Tuesday, July 27th 2021 - 07:39 UTC

  Chinese currency takes third place in global trade

  

  The Chinese yuan has taken third place among internationally-traded currencies in 2020, according to a Renmin University of China report released over the weekend, which also foresees it may continue to expand.