Economy

Monday, August 3rd 2020 - 10:58 UTC
LATAM to lay off another 2,700 crew after failing an agreement with the union

Latin America's biggest airline, the Brazilian-Chilean group LATAM, said it was laying off at least 2,700 crew to cope with the devastating effects of the coronavirus pandemic on the aviation industry.
Saturday, August 1st 2020 - 06:11 UTC
Ecuador extends deadline for negotiations with bondholders

Ecuador will extend the deadline for creditors to vote on its US$ 17.4 billion debt restructuring plan to Monday following a lawsuit by a small group of bondholders, the finance ministry said on Thursday.
Saturday, August 1st 2020 - 06:07 UTC
Colombia planning private sector workers to tap pension savings

Colombia is the latest Latin American country considering a plan to let workers tap private pension savings, a move intended to soften the slump in consumer spending but which risks worsening some of the world’s deepest stock market slumps.
Saturday, August 1st 2020 - 06:05 UTC
Mexican economy needs two years to reach pre-pandemic levels

A full recovery of the Mexican economy to pre-pandemic levels could be reached in one to two years so long as no new coronavirus outbreaks strike, a senior official said
Friday, July 31st 2020 - 10:30 UTC
Falklands 2,9% deflation in the second quarter, as a result of Covid-19 measures

The Falkland Islands Retail Price Index, RPI, dropped by 2,9% in the second quarter of 2020, as a result of Covid-19 support measures, Standing Financial Committee members were informed this week.
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.