Economy

• Friday, May 8th 2020 - 09:28 UTC

  Brazil expects beef exports to set a new record in 2020 in volume and value

  

  Brazilian beef exports in 2020 will likely set a new record in terms of volume and value despite the novel coronavirus pandemic, Antônio Camardelli, president of beef group Abiec, said on Thursday.

• Friday, May 8th 2020 - 09:23 UTC

  Argentina's countdown to ninth default; some bondholders and IMF trust a last minute understanding

  

  Argentina's Economy Minister Martin Guzman has given the country's biggest bondholders until this Friday to accept the offer he has put on the table to suspend payments until 2023 and reduce interest rates thereafter. One of the largest of those creditors, the investment management firm BlackRock, rejected Guzman's proposal and immediately presented a counteroffer.

• Friday, May 8th 2020 - 09:16 UTC

  Brazilian government anticipates food shortages and social disorder because of the lockdowns

  

  Brazil could face “economic collapse” in a month's time due to stay-at-home measures to stem the coronavirus outbreak, with food shortages and “social disorder,” Economy Minister Paulo Guedes warned on Thursday.

• Friday, May 8th 2020 - 08:58 UTC

  Falklands input to UK/EU Brexit trade negotiations to avoid a fait accompli

  

  Lawmaker MLA Teslyn Barkman confirmed that work continues in London to ensure that any future Brexit agreement (UK leaving the EU) has input from the Falkland Islands.

• Friday, May 8th 2020 - 08:49 UTC

  World Bank US$ 500 million loan to help Ecuador cover budget needs

  

  The World Bank Board of Directors approved a flexible US$500 million loan to help cover Ecuador's budget needs during the Covid-19 emergency and to promote economic recovery. The loan is the second in a series of three Development Policy Financing (DPF) operations. The first loan of this series was disbursed in June 2019. The operation has been adapted to the current context and to the country’s needs during the pandemic.

• Friday, May 8th 2020 - 08:39 UTC

  Nearly a fifth of US children not getting enough to eat since pandemic outbreak

  

  Nearly a fifth of young children in the United States are not getting enough to eat since the coronavirus pandemic erupted, according to research released on Wednesday, highlighting the broader health impact of the crisis.

• Friday, May 8th 2020 - 08:39 UTC

  Michigan and California reopen lockdowns with go ahead for the auto industry

  

  Michigan and California, two U.S. manufacturing powerhouses, acted on Thursday to allow factories to reopen from coronavirus lockdowns over the next few days, as millions more Americans joined the ranks of workers left jobless by the pandemic.

• Friday, May 8th 2020 - 08:26 UTC

  US russet potatoes farmers giving away production before next July crop

  

  When Tina Yates pulled her truck up to a mall in western Washington state on Thursday, workers waved her past hundreds of cars waiting to pick up free russet potatoes.

• Thursday, May 7th 2020 - 13:10 UTC

  Hundreds of activists in Buenos Aires demand food for soup kitchens

  

  Several hundred activists blocked this week one of Buenos Aires' main avenues for hours to demand food for soup kitchens that feed hundreds of thousands in poor neighborhoods during the mandatory lockdown aimed at preventing the spread of the new coronavirus.

• Thursday, May 7th 2020 - 13:04 UTC

  Chile anticipates a glut of some 200.000/300.000 tons of copper in 2020

  

  The global copper market is headed for a surplus of between 200,000-300,000 tons in 2020, the head of the miner Antofagasta told Chilean media, with operation halts at some mines offsetting depressed demand due to the coronavirus pandemic.