Economy

Friday, July 31st 2020 - 10:30 UTC
Latin America should focus on digital technologies, recommends IADB

Latin American should turn its infrastructure investment focus toward digital technologies and away from physical infrastructure to stimulate its economic recovery after the coronavirus pandemic, the Inter-American Development Bank (IADB) said on Thursday.
Friday, July 31st 2020 - 10:10 UTC
Falklands government supports farmers by purchasing 50% of unsold wool

Sixty seven farms have taken up the offer from Falkland Islands government, FIG, to purchase their wool clip in relation to Covid-19 support for the Agricultural sector.
Friday, July 31st 2020 - 09:53 UTC
US economy suffers it biggest blow since the Depression in the second quarter

The U.S. economy suffered its biggest blow since the Great Depression in the second quarter as the COVID-19 pandemic shattered consumer and business spending, and a nascent recovery is under threat from a resurgence in new cases of coronavirus.
Thursday, July 30th 2020 - 09:40 UTC
US ambassador warns of “consequences” if Brazil chooses China's Huawei 5G network

The US ambassador in Brasilia warned of “consequences” if Brazil chooses Chinese telecoms company Huawei to develop its 5G network, in an interview published Wednesday.
Thursday, July 30th 2020 - 09:30 UTC
Brazil optimistic about a Mercosur free trade accord with Canada

An estimate by Brazil´s Confederation of Agriculture and Livestock (CNA) points out that the conclusion of a free trade agreement between Mercosur and Canada has the potential to increase Brazilian export revenues of agricultural products by US$7.8 billion.
Wednesday, July 29th 2020 - 09:58 UTC
Minister confirms Argentina will seek a new support program from IMF

Argentina will seek a new program with the International Monetary Fund whatever the outcome of talks with holders of its US$ 65 billion of defaulted overseas bonds, Economy minister Martin Guzman said.
Wednesday, July 29th 2020 - 09:49 UTC
Money, money, Argentina importing banknotes and with the national mint working 24/7

Argentina is rushing to import banknotes as its national mint struggles to keep pace with soaring central bank issuance and inflation of more than 45%. The mint is importing printed bills for the first time in five years and is also boosting its purchases of the paper used to make banknotes, according to three people with direct knowledge of the matter.
Wednesday, July 29th 2020 - 09:40 UTC
Brazil's labor market improving: 16% layoffs decrease and 24% increase in hires

Brazil's economy lost 1,198,363 formal jobs in the first half of the year, the Economy Ministry said on Tuesday. The figure is the result of 6,718,276 new hires and 7,916,639 layoffs over the six-month period due to the impact of the novel coronavirus on Latin America's largest economy.
Monday, July 27th 2020 - 09:38 UTC
In Argentina, 55% of all registered workers are employed by government

Public sector jobs have soared in recent years in Argentina, and from a relation of 42 every 100 registered workers, white and blue-collar, back in 2012, it has jumped to 55 currently. This means that in the 2012/2017 period, the creation of government-paid jobs was larger than the overall employment in the Argentine economy.
Monday, July 27th 2020 - 09:07 UTC
White House advisor predicts US economy will recover 20% in III and IV quarters

The US economy will grow on the order of 20% in the third and fourth quarters, a top White House economic adviser predicted on Sunday, despite reopening setbacks linked to a coronavirus resurgence.