Economy

• Friday, June 5th 2020 - 09:45 UTC

  Covid-19 human toll: US unemployment expected to reach 20% in May

  

  The U.S. unemployment rate likely shot up to almost 20% in May, a new post World War Two record, with millions more losing their jobs, exposing the horrific human toll from the COVID-19 crisis.

• Friday, June 5th 2020 - 09:39 UTC

  US billionaires become significantly richer during the pandemic

  

  The combined wealth of America's billionaires, including Amazon.com founder Jeff Bezos and Facebook CEO Mark Zuckerberg, jumped more than 19% or by half a trillion since the onset of the COVID-19 pandemic in the United States, according to a report published by the Institute for Policy Studies (IPS).

• Friday, June 5th 2020 - 08:30 UTC

  Argentina's industrial output collapsed 33,5% in April compared to April 2019

  

  Argentina's industrial output crashed 33.5% in April from the same month last year, the government's statistics agency said on Thursday, as the national lockdown to fight the coronavirus pandemic bludgeoned Latin America's No. 3 economy.

• Friday, June 5th 2020 - 08:29 UTC

  Foreign investment returns to Brazil in May, first since July 2019

  

  Brazil posted a net foreign exchange inflow of US$ 3.1 billion in May, central bank figures showed on Wednesday, its first net inflow since July last year.

• Friday, June 5th 2020 - 08:25 UTC

  Ecuador sovereign bond holders form a committee to begin negotiations

  

  Holders of Ecuador sovereign bonds have formed a committee to hold talks with the country's government on a potential re-profiling of the country's external debt, the group said in a statement on Thursday.

• Friday, June 5th 2020 - 08:09 UTC

  British car sales remained in May at 90% their level a year ago

  

  British car sales edged up in May after falling to their lowest since 1946 in April but still remained almost 90% below their level a year earlier as coronavirus restrictions limited sales.

• Friday, June 5th 2020 - 08:03 UTC

  Trump orders tighter accounting practices of China based companies listed in US markets

  

  U.S. Secretary of State Mike Pompeo on Thursday warned American investors against fraudulent accounting practices at China-based companies and said the Nasdaq’s recent decision to tighten listing rules for such players should be “a model” for all other exchanges around the world.

• Friday, June 5th 2020 - 07:39 UTC

  EC increases Maritime and Fisheries Fund with €500 million

  

  In a press conference, Virginijus Sinkevičius, European Commissioner for Environment, Oceans, and Fisheries, explained the Commission’s decision to increase the European Maritime and Fisheries Fund (EMFF) with €500 million.

• Friday, June 5th 2020 - 07:31 UTC

  Argentina auto industry rebounding gradually from zero production in April

  

  The Argentine auto industry bottomed out in April, the first full month of the quarantine in force in the country since March 20. With all its factories closed since that day, not a single vehicle left the assembly lines, a catastrophe without historical precedent. But little by little, last week they came back to life under strict sanitary protocols, with only one shift per day and production at one-third of the installed capacity.

• Thursday, June 4th 2020 - 18:11 UTC

  Bitcoin Express offering a smooth ride as economies endure shaky 2020

  

  “Get on the train.” That was the response from investment expert Michael Novogratz when asked about his thoughts on Bitcoin (BTC). With the world’s economy in turmoil heading into the second half of 2020, the crypto advocate said now is the time to invest. According to his metrics, BTC is poised to break another resistance level and, thus, raise its baseline average. For investors, that’s a positive sign. However, the latest hype seems to have more substance this time around.