Economy

• Wednesday, April 1st 2020 - 06:55 UTC

  Brazilian supermarkets in Sao Paulo to hire 5.000 temporary workers

  

  Brazilian supermarkets are planning to hire 5,000 temporary workers in Sao Paulo’s metropolitan region, the most severely affected by the coronavirus outbreak, to meet higher demand from consumers and replace employees under quarantine, according to the local association that represents the sector, Apas.

• Tuesday, March 31st 2020 - 12:58 UTC

  Foreign debt must wait: “the pandemic and Argentines' health are priorities”

  

  Honoring foreign debt will have to wait because given the coronavirus pandemic priority is now the health of the Argentines, said president Alberto Fernandez on Monday, adding he would not let local companies fire o declare workers redundant.

• Tuesday, March 31st 2020 - 12:45 UTC

  Argentina expected to make a symbolic US$ 225 million interest payment

  

  Argentina will layout “guideposts” this week for a restructuring of its nearly US$70 billion in foreign debt, but the country is not yet ready to make a formal proposal to creditors, according to political sources in Buenos Aires.

• Tuesday, March 31st 2020 - 12:24 UTC

  Argentine jigger fleet begins operating north of parallel 44o. as of April first

  

  Argentine jiggers will begin operating north of parallel 44o on April first, following on a decision from the Fisheries Under Secretariat chief, Carlos Liberman. The Fisheries Federal Council is impeded of meeting because of the coronavirus pandemic rules imposed in Argentina. Anyhow the decision was taken based on a report from the Inidep research institute.

• Tuesday, March 31st 2020 - 09:17 UTC

  Pandemic: Sweden fears overreaction and follows a relaxed strategy

  

  A growing number of Swedish doctors and scientists are raising alarm over the Swedish government’s approach to COVID-19. Unlike its Nordic neighbors, Sweden has adopted a relatively relaxed strategy, seemingly assuming that overreaction is more harmful than under-reaction.

• Tuesday, March 31st 2020 - 09:07 UTC

  Saudi Arabia wants to be Oil King again and lets prices collapse

  

  Saudi Arabia said on Monday it will raise its oil exports to a record 10.6 million barrels per day starting from May despite a global supply glut, escalating a price war with Russia. Oil prices are languishing at 17-year lows as the coronavirus pandemic threatens a painful global recession that could further sap demand.

• Tuesday, March 31st 2020 - 08:15 UTC

  Russia's oil giant Rosneft, yields to US pressure: ceases operations in Venezuela

  

  Russian oil production giant Rosneft said it had ceased operating in Venezuela and transferred its assets to a company own entirely by the Russian government. The move is apparently intended to shield the company from US sanctions aimed at punishing entities that do business with the government of President Nicolas Maduro.

• Tuesday, March 31st 2020 - 08:10 UTC

  Surprising factory activity numbers in China, according to Beijing stats office

  

  Factory activity in China unexpectedly expanded in March after contracting sharply to a record low, but the rapid global spread of the coronavirus is expected to keep businesses and the overall economy under heavy pressure as foreign demand slumps.

• Tuesday, March 31st 2020 - 07:58 UTC

  Falklands' eligibility criteria for self employed and private sector workers affected by Covid-19 response

  

  In an update on the measures announced on 26 March for self-employed workers and private-sector workers, referred to the current coronavirus global pandemic, the Falkland Islands Executive Council has approved two additional eligibility criteria.

• Tuesday, March 31st 2020 - 07:55 UTC

  World's largest meat processor confident in the recovery of the Chinese market

  

  Brazil's JBS, the world’s largest meat processor, believes that the coronavirus pandemic may cause container shortages, port disruptions, and other logistical problems, but that exports should remain strong thanks to Chinese demand.