Economy

• Wednesday, July 8th 2020 - 06:47 UTC

  Mexican auto industry started to recover in June but still is far from 2019 figures

  

  Mexico’s auto production and exports picked up steam in June from a month earlier but were down sharply versus a year earlier, official data showed on Tuesday, as carmakers reopened plants from their coronavirus-induced shutdown.

• Wednesday, July 8th 2020 - 06:35 UTC

  Britain prepared to leave the EU in terms similar to Australia, Johnson tells Merkel

  

  Britain is prepared to leave the European Union on the same terms as Australia has with the bloc if it cannot agree on a future trading deal, Prime Minister Boris Johnson told Germany's Angela Merkel in a telephone call on Tuesday.

• Tuesday, July 7th 2020 - 10:00 UTC

  Chilean aid package to help keep the ailing middle class afloat

  

  Chilean President Sebastian Piñera announced on Sunday a new US$ 1.5 billion package of measures to help keep the country´s ailing middle class afloat as the coronavirus pandemic continues to ravage the economy of the world´s top copper producer.

• Tuesday, July 7th 2020 - 09:44 UTC

  Trade development agreement between Venezuela and Turkey becomes effective August 21

  

  A new trade deal between Turkey and Venezuela, officially titled “Trade Development Agreement,” will enter into force on August 21, the Turkish T24 news website said on Saturday.

• Tuesday, July 7th 2020 - 09:41 UTC

  Trudeau will miss mini summit in White House with Trump and Lopez Obrador

  

  Canadian Prime Minister Justin Trudeau will not visit Washington with Mexico’s president this week to celebrate a new North American trade deal, his office said on Monday, after Canada raised concerns over potential U.S. aluminum tariffs.

• Tuesday, July 7th 2020 - 09:35 UTC

  Brazil automakers expect sales to reach pre coronavirus levels in 2025

  

  Brazil’s automakers association said on Monday it only expects auto sales to recover to pre-coronavirus levels in 2025, discarding the possibility of a V-shaped recovery and taking on a grim view for the industry.

• Monday, July 6th 2020 - 09:35 UTC

  Argentina unveils its “final effort”, with sweeteners, to bondholders and an August 4 deadline

  

  Argentina’s government unveiled an amended debt restructuring proposal on Sunday and set a deadline of Aug. 4 for creditors to accept it, adding some key sweeteners as it looks to defuse recent tensions with bondholders and strike a deal.

• Monday, July 6th 2020 - 09:30 UTC

  Six out of ten children in Argentina live in poverty, UN data

  

  The global pandemic has hammered Argentina's economy, which is now expected to shrink around 12% this year, driving millions into poverty and leaving almost six out of every 10 children and adolescents below the poverty line, United Nations data show.

• Saturday, July 4th 2020 - 08:25 UTC

  Argentine economy expected to contract 12% this year, according to central bank poll

  

  Argentina's economy is expected to contract by 12% in 2020, a monthly central bank poll of analysts showed on Friday, worse than the previous estimate of a 9.4% decline, as output is ravaged by measures to tame the coronavirus outbreak.

• Saturday, July 4th 2020 - 08:15 UTC

  Trudeau not sure he will attend trade treaty celebration in Washington with Trump and Lopez Obrador

  

  Canadian Prime Minister Justin Trudeau said on Friday he was still unsure whether he would go to Washington DC next week to celebrate a new North American trade treaty, citing concern about possible US tariffs on aluminum.