Economy

• Tuesday, June 16th 2020 - 08:18 UTC

  Brazilian Treasury Secretary plans to resign from government in next two months

  

  Brazilian Treasury Secretary Mansueto Almeida confirmed in an interview with financial blog Brazil Journal published on Sunday that he plans to resign from the government in July or August.

• Monday, June 15th 2020 - 08:18 UTC

  Chilean copper miners warn of alarming increase in Covid-19 cases and threaten to walk off the job

  

  Chilean copper miners' unions called on Sunday for a re-evaluation of the operational continuity plans of the country's biggest miners during what they said was an “alarming” increase in coronavirus cases among workers.

• Monday, June 15th 2020 - 08:07 UTC

  Chinese manufactory recovery for second straight month but still weaker than expected

  

  China's factories stepped up production for a second straight month in May, as the country shook off the economic torpor of the coronavirus, although the weaker-than-expected gain suggested the recovery remained fragile.

• Monday, June 15th 2020 - 05:47 UTC

  Falklands' budget: 1,5% pay increase for government employees, and Minimum wage of £7.13 per hour

  

  Some key changes within the Falkland Islands' Budget for 2020/21 from July 1, 2020, unless stated otherwise a 1.5% pay increase for Government employees.

• Sunday, June 14th 2020 - 13:51 UTC

  Argentine and bond holders negotiations extended to at least 19 June

  

  Argentine bonds rose on Friday as the government said that negotiations with creditors to restructure around US$ 65 billion in sovereign debt would continue into next week and that a deadline for reaching a deal would be pushed back to at least June 19.

• Saturday, June 13th 2020 - 08:00 UTC

  Zara plans to close 1,200 outlets and invest heavily in boosting online sales

  

  Zara owner Inditex said it is permanently closing as many as 1,200 stores - 16% of its outlets worldwide - as the world's largest fashion retailer moves to boost online sales after posting its first-ever loss due to the Covid-19 pandemic.

• Saturday, June 13th 2020 - 07:18 UTC

  Mnuchin says US economy can't shut down again: “shutting the economy creates more damage”

  

  The United States cannot let the coronavirus shut down its economy again, US Treasury Secretary Steven Mnuchin said, adding that more than US$1 trillion in rescue funds will flow into the economy over the next month.

• Saturday, June 13th 2020 - 07:16 UTC

  Argentina: May inflation 1,5% and 43,4% in the twelve months

  

  Argentina's 12-month inflation slowed in May as many consumers stayed home while shops and other businesses mostly remained closed because of social distancing measures intended to control the spread of the coronavirus.

• Saturday, June 13th 2020 - 07:01 UTC

  British Airways labeled “a national disgrace” by UK lawmakers

  

  British Airways (BA) was labeled a “national disgrace” by lawmakers for its treatment of employees on Saturday, adding to pressure on the airline as it juggles job cuts and new quarantine rules.

• Saturday, June 13th 2020 - 06:58 UTC

  Airbnb teams with Brazil's Sao Paulo to promote tourism in post-pandemic

  

  Home rental firm Airbnb struck a partnership with Brazil's Sao Paulo state to encourage tourism once the novel coronavirus crisis has passed, a company executive said on Friday.