Economy

Monday, February 22nd 2021 - 07:03 UTC
Bank of England divided over the use of negative interest rates

A member of Bank of England's Monetary Policy Committee, Gertjan Vlieghe, openly supported the use of negative interest rates if the U.K. needs more stimulus, while Deputy Governor Dave Ramsden said the bank still had scope for more quantitative easing. which has been a tried and tested policy.
Sunday, February 21st 2021 - 17:17 UTC
WTO chief calls on rich countries to share vaccines now, rather than waiting for the surplus

The World Trade Organization, WTO, chief said that UK and other wealthy nations should send Covid-19 vaccines to poorer countries now rather than waiting for the surplus.
Friday, February 19th 2021 - 07:58 UTC
US will keep Trump tariffs on Chinese goods, Treasury Secretary Yellen

Treasury Secretary Janet Yellen said on Thursday that US will keep tariffs imposed on Chinese goods by the Trump administration in place for now, but will evaluate how to proceed after a thorough review.
Friday, February 19th 2021 - 07:45 UTC
Canada determined to follow Australia and France, and make Facebook pay for news content

Canada is following Australia and vowed on Thursday to make Facebook Inc pay for news content, seeking allies in the media battle with tech giants and pledging not to back down if the social media platform shuts off the country's news.
Friday, February 19th 2021 - 07:30 UTC
Super Mario to the rescue of Italy with full support from all the political arch

Italian Prime Minister Mario Draghi on Thursday secured final parliamentary approval for his government of national unity. The lower house, Chamber of Deputies, backed the former European Central Bank (ECB) chief and his mixed Cabinet team of technocrats and politicians with 535 votes in favor, 56 against and five abstentions.
Thursday, February 18th 2021 - 09:50 UTC
Bondholders criticize Argentina erratic economic policies, subordinated to politics

Creditors have criticized the current Argentine government of the country for what it describes as “erratic” economic policies claiming they are impeding growth and weighing on bond prices five months after the government restructured some US$ 65 billion in foreign bonds.
Thursday, February 18th 2021 - 08:50 UTC
Fearful of inflation Argentina claims consumer corporations are holding back production volumes

With inflation far from target and increasing consumer prices, Argentina is investigating firms including Danone, Procter & Gamble, Fargo, miller Cañuelas, abattoir Paledini and Unilever, along with food producers like Bunge, accusing them of deliberately holding back production.
Thursday, February 18th 2021 - 08:38 UTC
Google agrees to pay Australian media news content, but Facebook blocks Aussie users

Google apparently has struck deals with Australian media to pay for news content, but Facebook on Thursday blocked Australian users from sharing or viewing news content on the platform.
Wednesday, February 17th 2021 - 08:48 UTC
Majority of Europeans favor protection of Brazilian Amazon, before EU ratifies Mercosur trade deal

A new poll shows that the grand majority of Europe’s people favors implementing effective protections of the Brazilian Amazon, ending deforestation there, before the EU agrees to ratify the free trade agreement with Mercosur (composed of Brazil, Argentina, Paraguay and Uruguay).
Tuesday, February 16th 2021 - 09:02 UTC
Argentina's October midterm elections condition IMF debt deal

Argentina’s powerful vice-president Cristina Fernández de Kirchner and her allies in the leftwing administration want to postpone a crucial US$ 44bn debt deal with the IMF until the pandemic has eased, officials said, avoiding painful spending cuts before October’s midterm elections.