Economy

Thursday, October 15th 2020 - 09:58 UTC
Argentina is in deep recession and needs a credible roadmap, IMF chief

“Argentina faces very dramatic challenges, the country is in deep recession and social conditions are worsening”, was the response of IMF chief Kristalina Georgieva when asked about the difficult challenges faced by Argentina and if the current government has the political will and consensus to move forward with a plan to restore confidence.
Thursday, October 15th 2020 - 09:30 UTC
Support for Scottish independence rises to record high, 58%

Support for Scottish independence from the United Kingdom has risen to a record high of 58%, an Ipsos Mori poll released on Wednesday suggested. The poll of 1,045 adults aged over 16 across Scotland, conducted from Oct 2 to 9, saw only 42% back staying in the union once undecided voters were stripped out.
Thursday, October 15th 2020 - 08:30 UTC
US Undereducated labor force will have difficulties rejoining economic activity

Women and minorities, who have been affected by pandemic-related job losses, will need help getting back to work as more economic activity shifts to sectors less dependent on face-to-face interaction, Dallas Federal Reserve President Robert Kaplan said on Wednesday.
Wednesday, October 14th 2020 - 09:27 UTC
Argentine economy to fall 11.8% in 2020 and rebound 4.9% in 2021, according to IMF

The International Monetary Fund (IMF) forecasts that the Argentine economy will fall by 11.8% this year, and rebound by 4.9% in 2021, the credit agency announced. This was stated in the Economic Outlook Report (WEO) called “A long and difficult road uphill”, where as a result of the pandemic it estimated a fall in world GDP of 4.4% and a recovery of 5.2% by 2021.
Wednesday, October 14th 2020 - 08:51 UTC
EU/UK post-Brexit talks in “critical stage”: fisheries, disputes and fair competition stumbling blocks

The European Union demanded a “substantive” movement on Tuesday from Britain on fisheries, dispute settlement, and guarantees of fair competition in their talks on a post-Brexit trade deal, with Germany saying they were at a “critical stage”.
Tuesday, October 13th 2020 - 09:01 UTC
Oxfam claims IMF's loans during the pandemic have worsen poverty and inequality

The vast majority of International Monetary Fund loans extended during the Covid-19 pandemic have suggested or demanded spending cuts that would worsen poverty and inequality, charity group Oxfam says.
Tuesday, October 13th 2020 - 08:22 UTC
Two US academics and experts on auctions, awarded the Nobel Economics

United States academics Paul Milgrom and Robert Wilson won the 2020 Nobel Economics on Monday for work on auctions hailed as benefiting buyers and sellers around the world of everything from fishing quotas to aircraft landing slots.
Tuesday, October 13th 2020 - 06:56 UTC
British Airways, “fighting for survival” replaces CEO

British Airways CEO Alex Cruz has been replaced after four-and-a-half years on the job as the COVID-19 pandemic pummels airlines around the world.
Monday, October 12th 2020 - 09:34 UTC
IMF mission concludes a preliminary “exploratory” visit to Argentina

An International Monetary Fund mission concluded a visit to Argentina on Sunday, after several days of preliminary talks aimed at repaying about US$ 44 billion owed by the cash-strapped government to the fund.
Monday, October 12th 2020 - 09:00 UTC
Johnson talks to Macron for a secure post Brexit deal, but fisheries remain a major issue

Boris Johnson has told the French president the UK wants to “explore every avenue” to secure a post-Brexit trade deal with the EU, days before the PM's self-imposed deadline. Johnson told Emmanuel Macron “intensive talks” were needed to “bridge significant gaps” remaining across the negotiating table.