Economy

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.
Saturday, October 3rd 2020 - 08:36 UTC
Boris Johnson’s Cunning Plan; If PM Johnson is Blackadder, who is his Baldrick?

By Gwynne Dyer – “I’ve got a plan so cunning you could put a tail on it and call it a weasel,” said Blackadder’s sidekick Baldrick in the BBC’s brilliant historical comedy series ‘Blackadder.’ In fact, he said, “I have a cunning plan” in almost every episode, but the plans hardly ever worked, and it became a popular catch-phrase.
Saturday, October 3rd 2020 - 08:36 UTC
Merkel and UK remain optimistic on a post Brexit-deal, but “the fisheries gap is unfortunately very large”

German Chancellor Angela Merkel said she had no breakthrough to announce on Friday as a week of EU talks with Britain ended, but remained optimistic that sealing a deal on a post-Brexit trade relationship was still possible before the end of the year.
Friday, October 2nd 2020 - 09:51 UTC
IMF mission expected next week in Argentina, announced minister Guzmán

Argentina's Economy Minister Martin Guzman said on Thursday that a mission from the International Monetary Fund will arrive in the country next week as the country looks to negotiate a new program with the organization.
Friday, October 2nd 2020 - 09:49 UTC
Chile in one year has lost 1,8 million jobs, and unemployment reached 12%

The Chilean government has begun to gradually lift restrictions in the country in an attempt to reactivate the economy, given a drop in new cases with 1,556 (the lowest rate in three months), though areas with a high level of new cases remain under quarantine.
Friday, October 2nd 2020 - 09:09 UTC
Consumers' debts threaten the Peruvian banking system

Peru's economy could plummet by more than 20% if unpaid consumer debts continue to mount, a scenario the government hopes to stave off with an emergency plan to reschedule troubled loans with state guarantees, the government said on Thursday.
Friday, October 2nd 2020 - 09:01 UTC
Chile's economic activity in August plunged 11,3%; mining sector dropped 3,4%

Chile economic activity plunged 11.3% in August from the same month a year earlier, the central bank said on Thursday, deeper than forecasts of an 8.5% drop as the world’s no. 1 copper producer grapples to recover from the coronavirus pandemic.
Friday, October 2nd 2020 - 09:01 UTC
Argentine central bank will promote Chinese Yuan for foreign trade negotiations

Argentina's central bank said on Thursday that it would allow a managed float of the peso currency and abandon its current “uniform daily devaluation” strategy as it seeks to adapt its monetary policy amid sharpening economic turmoil.
Friday, October 2nd 2020 - 09:00 UTC
Wales demanding UK government replace the promised EU after Brexit funds

“Negligible” progress has been made by the UK government to replace EU funds in Wales after Brexit, according to a committee of cross-party MPs. Former Welsh Secretary and senior Conservative MP Stephen Crabb said the situation was “simply unacceptable.”
Thursday, October 1st 2020 - 09:30 UTC
Some 18 million Argentines, 40,9% of the population live in poverty, with prospects of worse times ahead

Nearly half of Argentina’s population was living in poverty in the second quarter, a sharp increase from last year, as the country’s longstanding economic crisis deepened due to the coronavirus pandemic, researchers estimated on Wednesday.