Economy

• Friday, June 12th 2020 - 20:36 UTC

  British Council seeking multi-million bailout to stave off insolvency

  

  The British Council, which promotes UK cultural and language relations overseas, is seeking a multi-million-pound bailout to stave off insolvency because of the impact of COVID-19, the government said on Thursday.

• Friday, June 12th 2020 - 12:56 UTC

  Falklands had a record breaking 2019/20 cruise season, with 72,836 visitors

  

  Despite being cut short by the COVID-19 pandemic, 2019-2020 proved to be a record-breaking cruise season in the Falkland Islands. A total of 72,836 cruise passengers arrived in the Islands, up 16.5% on the previous season.

• Friday, June 12th 2020 - 09:59 UTC

  Fallout from pandemic could plunge 395 million people into extreme poverty

  

  The economic fallout from the coronavirus pandemic could plunge an extra 395 million people into extreme poverty and swell the total number of those living on less than US$1.90 a day worldwide to more than 1 billion, researchers said in a report on Friday.

• Friday, June 12th 2020 - 09:26 UTC

  UK sales of beer slump to the lowest on record, claims Pub Association

  

  UK sales of beer have slumped to the lowest level on the record because of the coronavirus outbreak, trade industry body the British Beer and Pub Association said on Thursday.

• Friday, June 12th 2020 - 08:57 UTC

  UK economy contracted 20,4% in April, according to Stats Office

  

  The UK economy shrank by 20.4% in April, according to figures outlined by the Office for National Statistics on Friday morning.

• Thursday, June 11th 2020 - 13:28 UTC

  Spain eyeing chair of the Eurozone of finance ministers and WTO leadership

  

  The Spanish government started lobbying on Wednesday for Economy Minister Nadia Calvino to take the presidency of the Euro-group, with a minister saying “it would be good news” if she were to replace Mario Centeno, who is stepping down.

• Thursday, June 11th 2020 - 13:17 UTC

  Fed anticipates near zero rate through 2022 and will keep buying bonds

  

  The United States Federal Reserve says it will keep buying bonds to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed's policymakers foresee no rate hike through 2022.

• Thursday, June 11th 2020 - 08:51 UTC

  Petrobras record exports of fuel oil, low in sulphur content

  

  Brazil's oil and gas giant Petrobras during the month of Maye exported 1.11 million tons of fuel oil, surpassing the previous record set in February 2020 by 10%. The amount of fuel oil exported was 231% above the volume exported in May last year.

• Thursday, June 11th 2020 - 08:13 UTC

  Flash flood of shoppers in Sao Paulo despite record number of Covid 19 deaths

  

  Brazil's most populous state Sao Paulo reported a record number of COVID-19 deaths for the second day running on Wednesday even as its metropolis allowed shops to resume business and prepared to reopen its malls.

• Thursday, June 11th 2020 - 08:00 UTC

  Brazil forecasted to harvest 245,9 million tons of cereals and oil seeds

  

  According to the Systematic Survey of Agricultural Production (LSPA), released on Tuesday, June 9th, by the IBGE, the country will harvest 245.9 million tons of cereals, legumes and oilseeds by the end of the year, up 1.8% (4.4 million tons more) compared to 2019.