Economy

• Tuesday, June 16th 2020 - 08:30 UTC

  UNCTAD anticipates value of global trade in second quarter will drop 27%

  

  A study carried out by the United Nations Conference on Trade and Development, Unctad, pointed out that disruptions to the economic and social sectors by the pandemic have caused a dramatic decline in trade.

• Tuesday, June 16th 2020 - 08:28 UTC

  China bans Norwegian salmon claiming it could be linked to Covid-19 outbreak in Beijing market

  

  China has halted imports from European salmon suppliers amid fears they might be linked to a COVID-19 outbreak at a Beijing market, although experts say the fish itself is unlikely to carry the disease.

• Tuesday, June 16th 2020 - 08:18 UTC

  Brazilian Treasury Secretary plans to resign from government in next two months

  

  Brazilian Treasury Secretary Mansueto Almeida confirmed in an interview with financial blog Brazil Journal published on Sunday that he plans to resign from the government in July or August.

• Monday, June 15th 2020 - 08:18 UTC

  Chilean copper miners warn of alarming increase in Covid-19 cases and threaten to walk off the job

  

  Chilean copper miners' unions called on Sunday for a re-evaluation of the operational continuity plans of the country's biggest miners during what they said was an “alarming” increase in coronavirus cases among workers.

• Monday, June 15th 2020 - 08:07 UTC

  Chinese manufactory recovery for second straight month but still weaker than expected

  

  China's factories stepped up production for a second straight month in May, as the country shook off the economic torpor of the coronavirus, although the weaker-than-expected gain suggested the recovery remained fragile.

• Monday, June 15th 2020 - 05:47 UTC

  Falklands' budget: 1,5% pay increase for government employees, and Minimum wage of £7.13 per hour

  

  Some key changes within the Falkland Islands' Budget for 2020/21 from July 1, 2020, unless stated otherwise a 1.5% pay increase for Government employees.

• Sunday, June 14th 2020 - 13:51 UTC

  Argentine and bond holders negotiations extended to at least 19 June

  

  Argentine bonds rose on Friday as the government said that negotiations with creditors to restructure around US$ 65 billion in sovereign debt would continue into next week and that a deadline for reaching a deal would be pushed back to at least June 19.

• Saturday, June 13th 2020 - 08:00 UTC

  Zara plans to close 1,200 outlets and invest heavily in boosting online sales

  

  Zara owner Inditex said it is permanently closing as many as 1,200 stores - 16% of its outlets worldwide - as the world's largest fashion retailer moves to boost online sales after posting its first-ever loss due to the Covid-19 pandemic.

• Saturday, June 13th 2020 - 07:18 UTC

  Mnuchin says US economy can't shut down again: “shutting the economy creates more damage”

  

  The United States cannot let the coronavirus shut down its economy again, US Treasury Secretary Steven Mnuchin said, adding that more than US$1 trillion in rescue funds will flow into the economy over the next month.

• Saturday, June 13th 2020 - 07:16 UTC

  Argentina: May inflation 1,5% and 43,4% in the twelve months

  

  Argentina's 12-month inflation slowed in May as many consumers stayed home while shops and other businesses mostly remained closed because of social distancing measures intended to control the spread of the coronavirus.