Economy

Thursday, February 25th 2021 - 10:20 UTC
Optimistic forecast in coming months for Argentina's economic activity

Argentina’s economic activity was down 10% during 2020 after falling 2.2% in December versus a year earlier, but better than the average fall analysts forecasted and that the initial government projections.
Wednesday, February 24th 2021 - 08:58 UTC
Major Spanish renewable energy group Abengoa files for insolvency

Spain's renewable energy group Abengoa SA filed for insolvency late on Monday, after its latest attempt to restructure its debts fell apart. The parent company of the renewable-energy producer, which is the entity that filed for insolvency, had around 1 billion Euros of liabilities in 2019.
Wednesday, February 24th 2021 - 08:33 UTC
US bishops call on Biden to sponsor a boost of IMF resources to support poor countries

The United States Conference of Catholic Bishops and an alliance of faith groups urged President Joe Biden on Tuesday to back a big boost in the International Monetary Fund's (IMF) emergency reserve funds to help poor countries devastated by the coronavirus pandemic.
Wednesday, February 24th 2021 - 08:33 UTC
UK planning to spend billions to prop the economy over the next four months

The United Kingdom is set to spend billions of pounds in extra support for the economy over the next four months, as pandemic curbs pushed unemployment to its highest level of almost five years. The chancellor of the exchequer Rishi Sunak will set out the details in his Mar 3 budget.
Tuesday, February 23rd 2021 - 13:29 UTC
Halal chicken dispute blocks Brazil/Indonesia free trade talks

Brazil should only begin free trade talks with Indonesia if it adopts recommendations made by a World Trade Organization panel in 2017 after a dispute over halal chicken, Brazil's meat lobby ABPA said in a letter sent to three government ministries.
Tuesday, February 23rd 2021 - 09:07 UTC
February a poor month for industrial confidence in Brazil

A survey from the prestigious Getulio Vargas foundation showed that Brazilian industrial confidence fell in February for a second consecutive month, further evidence that the economy is losing steam and could even contract in the first quarter.
Tuesday, February 23rd 2021 - 08:45 UTC
“No chance at the moment for ratification of trade deal with Mercosur”, France

There is no chance at the moment that France will ratify a free-trade deal between the European Union and the Mercosur group, an official at the presidential palace in Paris said on Monday.
Tuesday, February 23rd 2021 - 08:24 UTC
Boeings 777 grounded after incident when an engine caught fire and pieces fell over Denver

Boeing has called for the grounding of 128 of its 777 planes across the world as US regulators investigated a United Airlines flight whose engine caught fire and fell apart over a suburban area of Denver in Colorado State.
Tuesday, February 23rd 2021 - 08:11 UTC
Bolsonaro's arrogance plunges Bovespa index 4% and Petrobras shares 21%

Brazil’s benchmark Bovespa index fell more than 4% Monday following President Jair Bolsonaro's decision last week to replace the chief executive of state oil company Petrobras. The company's shares plunged more than 21% on news that the government nominated an army general with no oil and gas industry experience as its new CEO.
Monday, February 22nd 2021 - 08:15 UTC
Northern Ireland Democratic Unionist Party will take legal action against Brexit

Members of Northern Ireland's Democratic Unionist Party (DUP) are set to take part in legal action challenging part of Brexit, the party said on Sunday. DUP opposes the Northern Ireland protocol, which covers post-Brexit trade between Britain and Northern Ireland, because it creates barriers between the British region and the rest of the UK and has caused disruptions.