Economy

• Thursday, June 3rd 2021 - 08:15 UTC

  UN pessimistic report on jobs until at least 2023: 220 million forecast to be unemployed this year

  

  Global job growth will not recover to pre-pandemic levels until 2023 according to a report published by the UN's International Labor Organization (ILO) on Wednesday. The World Economic and Social Outlook report for 2021 projects that at least 220 million people were expected to be left unemployed this year, with only a slight improvement predicted for next year.

• Thursday, June 3rd 2021 - 08:00 UTC

  EU reaches deal on tougher tax transparency for multinationals: some US$ 150 billion at stake

  

  European Union member states and lawmakers reached a deal on tougher tax transparency measures for multinationals. The proposal comes amid increased international pressure on the issue of multinationals and tax avoidance, not least since the change of leadership in the US where many of the biggest companies are based.

• Wednesday, June 2nd 2021 - 08:57 UTC

  Argentina's trade with Brazil at its highest since 2018

  

  A report released Tuesday showed that Argentina's trade with neighbour Brazil has reached its highest level since 2018, exports reaching US $ 4.2 billion until May, 33% better than in the first five months of last year, but 6% lower than the same period of 2019.

• Wednesday, June 2nd 2021 - 08:42 UTC

  Paraguay reports new customs surplus but health authorities need more money to face the pandemic

  

  Revenues for May at Paraguay's Customs Directorate (DNA) were estimated at around US $ 132 million, which represents its fourth consecutive month of surplus so far this year, it was reported.

• Wednesday, June 2nd 2021 - 08:36 UTC

  Uruguay's exports grow 54.9% yearly, UEU report shows

  

  Uruguay's exports rose 54.9% yearly, according to a report from the Uruguayan Exporters Union (UEU) released Tuesday, which also showed that between January 1 and May 31 the increase was 33.9%.

• Wednesday, June 2nd 2021 - 05:44 UTC

  Argentine fisheries exports in first quarter of 2021 reach US$ 162,5 million

  

  Argentina fisheries overseas sales during the first quarter of the year reached 56.843 tons, which represent a 34,9% volume increase compared to a year ago, but the value, US$ 162,5 million only climbed 7,7%, since the average price of the different species dropped 20%, according to the Under Secretary Fisheries department.

• Wednesday, June 2nd 2021 - 05:13 UTC

  Southern states of Brazil free of foot and mouth disease without vaccination

  

  Four additional Brazilian states have been recognized as free of foot-and-mouth disease without the need for vaccinations, by the World Organization for Animal Health, OIE.

• Wednesday, June 2nd 2021 - 05:00 UTC

  Controversial Australian becomes OECD new secretary general

  

  Mathias Cormann, from Australia has taken over as the new secretary-general of the Organization for Economic Cooperation and Development (OECD), starting a five-year stint that promises to be a challenging one. He replaces Angel Gurria from Mexico.

• Wednesday, June 2nd 2021 - 01:15 UTC

  Falklands publishes ‘prudent budget’ for 2021/22

  

  The Falkland Islands Government yesterday published its budget for the upcoming financial year, describing it as a prudent budget that focuses on stability and continuity. The budget forecasts operating expenditure of £78.3m and revenues of £92.2m, as well as a capital programme totalling £53.5m for the upcoming financial year.

• Tuesday, June 1st 2021 - 09:43 UTC

  OECD foresees Argentina's economy will recover but still below pre-pandemic levels

  

  The Organization for Economic Cooperation and Development (OECD) forecast that Argentina's economy will expand in 2021 and 2022, but will nonetheless remain way below pre-pandemic levels, according to its semi-annual report on World Economic Outlook released Monday in Paris.