Economy

• Wednesday, September 30th 2020 - 08:20 UTC

  EU and Britain on collision course following approval of UK bill on internal market after Brexit

  

  British lawmakers on Tuesday adopted a bill to regulate the UK's internal market after Brexit, defying a looming EU ultimatum as the two sides entered a final week of tense talks. Despite deep disquiet even from some members of the ruling Conservatives, the House of Commons passed the bill by 340 votes to 256.

• Tuesday, September 29th 2020 - 09:26 UTC

  Chile announced US$ 2 billion package to help recover and create new jobs

  

  Chilean President Sebastian Piñera announced on Sunday the launch of US$ 2 billion in subsidies aimed at creating new jobs or recovering those lost during months of lockdown aimed at stemming the coronavirus pandemic in the globe’s top copper producer.

• Tuesday, September 29th 2020 - 09:19 UTC

  Peru will attempt gradual reopening of economy in October

  

  Peru will push forward with a gradual reopening of its economy in October, allowing international flights to countries in the region and more people into its restaurants and stores, the government announced, provided coronavirus cases continue to fall.

• Tuesday, September 29th 2020 - 08:55 UTC

  Gibraltar warns of potential perfect storm with Brexit and COVID-19

  

  Gibraltar Deputy Chief Minister Dr. Joseph Garcia has said that the combination of leaving the European Union and the COVID-19 pandemic has the potential makings of a perfect storm, the consequences of which will be felt for years to come.

• Tuesday, September 29th 2020 - 08:30 UTC

  Britain is part of “an arc of instability” that surrounds the EU, claims EC president Charles Michel

  

  Brexit Britain is part of an “arc of instability” that has emerged around the European Union, the bloc's chairman said on Monday, ranking London's decision to leave the EU along with threats from Turkey, Russia, Libya and Syria.

• Monday, September 28th 2020 - 16:32 UTC

  Latino business owners thrive in the United States

  

  Whilst the United States economy is taking a hit due to the recent situation around the world, there is positive news to be found.

• Monday, September 28th 2020 - 09:31 UTC

  It’s time to dump Argentina’s Peso

  

  By Steve H. Hanke – In addition to facing an acute Covid-19 crisis, Argentina's deadbeat economy is collapsing, and, as usual, the inflation noose is around Argentines’ necks. Argentina’s official inflation rate for August 2020 is 40.70% per year. And, for once, Argentina’s official rate is fairly close to the rate that I calculate each day using high-frequency data and purchasing power parity theory, a methodology that has long proved its worth when compared with official statistics. Today, I measure Argentina’s annual inflation rate at 37%, but probably not for long — the noose is generally followed by the trapdoor.

• Friday, September 25th 2020 - 09:35 UTC

  Mercosur deal is “parked indefinitely”, agree German and Irish ministers

  

  Ireland dairy industry has praised the German Agriculture Minister Julia Klöckner who has said she is not going to push forward efforts to seal the Mercosur Trade agreement and underlined she had serious concerns over the deal.

• Friday, September 25th 2020 - 08:25 UTC

  EU determined to resume post Brexit negotiations leaving aside “Johnson's bad feelings”

  

  European Union negotiators have agreed not to allow their opposition to Boris Johnson's plan to break international law distract them from trying to secure a deal over the bloc's relationship with the UK after Brexit.

• Thursday, September 24th 2020 - 09:31 UTC

  Argentine currency worthless in Uruguay

  

  For the second day running the Argentine Peso was virtually worthless in neighboring Uruguay foreign exchange houses. On Tuesday the Argentine Peso was worth zero, and on Wednesday there was a modest ten Uruguayan cents offered for the battered Argentine currency.