Economy

• Tuesday, December 15th 2020 - 18:04 UTC

  Brazil risks losing its vote in UN if it doesn't pay US$ 113 million of its debt

  

  Brazil once again risks losing its vote at the United Nations if it doesn’t pay a portion of what it owes to the global organization, which is facing a growing cash crunch as the Covid-19 crisis puts pressure on budgets worldwide.

• Tuesday, December 15th 2020 - 15:03 UTC

  Lack of confidence, Argentine government main challenge in its first year

  

  Argentina's current government has had a wild ride in its first year of government: a sovereign default, huge debt restructurings together with sliding reserves, a currency crisis, a weak economy battered by COVID-19, and massive money printing.

• Tuesday, December 15th 2020 - 09:55 UTC

  Distrust of Bolsonaro is holding up the EU/Mercosur trade deal, says EU ambassador in Brasilia

  

  Distrust in Europe of Brazilian President Jair Bolsonaro's government is holding up ratification of a trade deal between the European Union and Mercosur, the EU ambassador to Brasilia said.

• Tuesday, December 15th 2020 - 09:08 UTC

  WTO fails to agree rules on over-fishing; billions of dollars spent subsidizing fishing fleets

  

  World Trade Organization negotiators have failed to reach a deal by a year-end deadline to cut the subsidies that have helped decimate the world’s fish stocks, but will try again next year, the chairman of the talks said on Monday.

• Tuesday, December 15th 2020 - 09:02 UTC

  Machu Picchu closed again for security reasons and protests from local villages

  

  The Inca citadel of Machu Picchu, the crown jewel of Peru's tourist sites, closed its doors Monday for an indefinite period for security reasons amid protests by locals over train services, officials said.

• Tuesday, December 15th 2020 - 09:00 UTC

  A third of the world population with no government aid during the pandemic, Oxfam

  

  More than a third of the world's population - some 2.7 billion people - has not received government aid during the coronavirus pandemic, Oxfam said on Tuesday, with gaping differences between rich and poor countries.

• Tuesday, December 15th 2020 - 08:58 UTC

  Honduras claims two hurricanes caused damage equivalent to half its GDP

  

  Hurricanes Eta and Iota have caused about US$10 billion in damages in Honduras and affected more than 4 million people, the Central American country's foreign minister said on Monday as he called for international support.

• Tuesday, December 15th 2020 - 08:29 UTC

  Long food queues in Italy's financial capital and richest city of the country

  

  Long queues have been forming outside food banks and help centers in Italy's financial capital Milan as the economic devastation caused by the coronavirus has deepened before Christmas.

• Monday, December 14th 2020 - 09:31 UTC

  London and Brussels agree on an “extra mile” after an elusive post-Brexit deal

  

  London and Brussels agreed to “go the extra mile” in coming days to try to reach an elusive trade agreement despite missing their latest deadline to avert a turbulent ‘no deal’ exit for Britain from the European Union’s orbit at the end of the month.

• Monday, December 14th 2020 - 09:30 UTC

  Four Royal Navy patrol ships ready as of January to protect UK's fishing waters

  

  The British Ministry of Defense said four Royal Navy patrol ships will be ready on Jan 1 to help protect Britain’s fishing waters in the event of a post Brexit no deal.