Economy

Friday, June 26th 2020 - 10:20 UTC
Argentina admits “biggest differences” in debt negotiations remain with two main creditor groups

Argentina is still working with its creditors to reach a debt restructuring deal after talks stalled, though there is still a distance to cover in economic and legal terms, Economy Minister Martin Guzman said on Thursday.
Friday, June 26th 2020 - 10:06 UTC
Brazil confirms budget primary deficit at 11% of GDP; economy set to shrink 7%

Brazil’s economic growth and fiscal outlook this year are shaping up to be worse than official government forecasts, making a return to austerity and reforms next year all the more pressing, Treasury Secretary Mansueto Almeida said
Friday, June 26th 2020 - 10:04 UTC
World Bank staff reject Brazil's nomination to executive director over his racial comments

The association representing staff at the World Bank asked that Brazil’s nomination of Abraham Weintraub to be executive director be reviewed over his past racial comments and other concerns, according to a letter circulated in the bank on Wednesday.
Friday, June 26th 2020 - 10:01 UTC
Falklands Covid-19 support measures total £8 million; inflation 0,03% in fourth quarter

The Falkland Islands Standing Finance Committee has revealed that the government has funded Covid-19 support measures to the tune of £7.983 million. The spending has been offset by underspends from a number of government departments, including Education and Natural Resources, while the Islands Plan budget is expected to underspend by nearly half a million pounds.
Friday, June 26th 2020 - 09:43 UTC
A fifth of US labor force received unemployment checks in the first week of June

The number of Americans filing claims for unemployment benefits fell moderately last week as the second wave of layoffs partially offset hiring by businesses reopening, suggesting the labor market could take years to recover from the COVID-19 pandemic.
Friday, June 26th 2020 - 08:27 UTC
Labour leader sacks education spokeswoman on “anti Semitic” controversy

The new leader of Britain's main opposition Labour Party, Keir Starmer, sacked his education spokeswoman Rebecca Long-Bailey on Thursday after she shared an article online which included a reference to what he called an “anti-Semitic conspiracy theory”.
Thursday, June 25th 2020 - 09:30 UTC
UK stands for Falklands' squid in post-Brexit trade talks, Financial Times

UK has been standing out for the Falklands and its squid and fish sales to the European Union, according to an article from the Financial Times, credited to Jim Brunsden in Brussels, and referred to the post-Brexit EU/UK trade talks.
Thursday, June 25th 2020 - 06:44 UTC
Italy guarantees US$ 7 billion loan to Fiat Chrysler as it merges with France's PSA

Italy's government said on Wednesday it would guarantee a 6.3-billion-euro (US$7.1 billion) loan to Fiat Chrysler, as the automaker struggles with the impact of the coronavirus pandemic.
Wednesday, June 24th 2020 - 11:57 UTC
MSCI warns that the Argentina Index could be removed from the MSCI Emerging Markets Index

MSCI Inc, the world’s largest index provider, warned on Tuesday that the MSCI Argentina Index could be removed from the MSCI Emerging Markets Index should it become harder for foreign investors to access its stock market.
Wednesday, June 24th 2020 - 10:52 UTC
Argentina's economy contracted 5,4% and unemployment reaches 10,4% in first quarter

Argentina's economy contracted 5.4% in the first three months of 2020, the government statistics agency said on Tuesday, the worst quarter in a year as the major grains and oilseeds producer was sideswiped by the impact of the global coronavirus pandemic.