Economy

• Saturday, October 10th 2020 - 09:15 UTC

  Brazilian government cuts emergency cash transfers to help the poor withstand the pandemic

  

  Many people in Brazil are struggling to cope with less pandemic aid from the government and jumping food prices, with millions expected to slip back into poverty. Brazil’s government, starting this month, halved the amount of its monthly emergency cash transfers to help Brazil’s poor withstand the hardship of the economic meltdown, down to 300 reais (US$54).

• Saturday, October 10th 2020 - 08:55 UTC

  Fitch confirms Uruguay's investment grade at BBB-, but warns about inflation, deficit and public debt

  

  Fitch Ratings, one the world's leading credit rating agency has confirmed Uruguay's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-', however with a Negative Outlook, despite the country faring much better than its neighbors.

• Friday, October 9th 2020 - 09:55 UTC

  After rejecting Mercosur trade deal on climate demands, EU parliament votes to drastically cut greenhouse gases by 2030

  

  European Union lawmakers have backed a plan to cut greenhouse gases by 60% from 1990 levels by 2030, hoping member states will not try to water the target down during upcoming negotiations.

• Friday, October 9th 2020 - 09:36 UTC

  Chile's foreign trade improving as September exports pick up

  

  Chile's overseas trade reached almost US$ 93,5 billion, between January and September this year, an 11% drop year on year, the president Sebastián Piñera government announced on Thursday.

• Friday, October 9th 2020 - 08:56 UTC

  A woman will lead WTO for the first time: South Korean and Nigerian ministers in the final round

  

  The World Trade Organization (WTO) announced on Thursday that South Korea’s trade minister and a Harvard-trained former Nigerian finance minister have qualified as the two finalists to become the next director-general, ensuring a woman in the top job for the first time.

• Thursday, October 8th 2020 - 08:50 UTC

  World trade with signs of recovery but still much conditioned to the evolution of the pandemic

  

  World trade is showing signs of recovery after the slowdown caused by the Covid-19 pandemic, but the recovery still remains uncertain, according to a report from the World Trade Organization, WTO. The global entity’s new world trade volume projections are for a decrease of 9.2% for 2020 followed by a 7,2% increase next year.

• Thursday, October 8th 2020 - 08:49 UTC

  Chile exports beef to China, and imports from Paraguay for domestic consumption

  

  Chilean beef exports reached 16,673 tons between January and August 2020, a 35.7% over the same period last year according to data from the Bovine Meat Bulletin released by the Ministry of Agriculture’s Office of Agricultural Studies and Policies (ODEPA).

• Tuesday, October 6th 2020 - 09:35 UTC

  IMF admits Brazil's economy is doing better than forecasted, but warns about debt and a second Covid-19 wave

  

  Brazil's economy is set to shrink by 5.8% in 2020, the International Monetary Fund said on Monday, revising up an earlier forecast but warning the country faced “exceptionally high” risks.

• Monday, October 5th 2020 - 09:39 UTC

  Brazilian business sector confidence almost at pre pandemic levels

  

  Brazilian business-sector confidence in the economy rose 3 points in September to pre-pandemic levels, according to a report released by na outstanding foundation..

• Monday, October 5th 2020 - 09:01 UTC

  Johnson does not want to end Brexit transition without a new trade deal, but can live with such an outcome

  

  British Prime Minister Boris Johnson does not particularly wish for the Brexit transition period to end without a new trade deal in place but believes that Britain could live with such an outcome, he said on Sunday.