Economy

• Friday, May 29th 2020 - 08:50 UTC

  Foreigners reduced holdings of Brazilian bonds: market turmoil and political uncertainty

  

  Foreigners reduced their holdings of Brazilian bonds in April to the lowest since 2009, figures on Wednesday showed, against the backdrop of rising financial market turmoil fueled by the coronavirus crisis and domestic political uncertainty.

• Friday, May 29th 2020 - 08:45 UTC

  Peruvian mining sector activity expected to fall by 15% this year

  

  Production in Peru’s mining sector will fall by at least 15% this year, representing a loss in revenues of up to US$ 5 billion, due to disruptions caused by the coronavirus pandemic, a top mining executive said on Wednesday.

• Friday, May 29th 2020 - 08:43 UTC

  EU admits a post Brexit fisheries agreement with Britain can be achieved

  

  The EU is willing to shift its stance on fisheries in negotiations with Britain next week, in what would be the first major concession from the bloc in talks on their new relationship after Brexit.

• Friday, May 29th 2020 - 08:31 UTC

  Spread of coronavirus threatening Brazilian slaughterhouses

  

  Brazilian food company BRF SA said the potential closure of slaughterhouses due the spread of the novel coronavirus at meat production sites would make it impossible to keep output at current levels.

• Friday, May 29th 2020 - 08:04 UTC

  Falklands drafting “prudent” budget with no proposal to increase fees and charges

  

  The Falkland Islands Government this week unveiled plans for a “prudent” budget that maintains the current levels of expenditure but does not propose any increase in fees and charges. The budget aims to keep the current levels of service delivery but shies away from major investments or increases in operating costs.

• Friday, May 29th 2020 - 07:33 UTC

  German economy to shrink 6,6% this year but rebound 10,2% in 2021

  

  The German economy is likely to shrink by 6.6% this year as a consequence of the coronavirus pandemic before growing by 10.2% in 2021, the Ifo Institute said on Thursday in its latest update.

• Friday, May 29th 2020 - 07:25 UTC

  Johnson, under growing pressure over Cummings issue, announces easing of lockdown conditions

  

  The coronavirus lockdown will ease next week for most of Britain's population, Boris Johnson announced on Thursday, as a row persisted over the prime minister's closest adviser taking a long-distance journey during lockdown.

• Thursday, May 28th 2020 - 09:29 UTC

  IDB US$ 1,7bn loan for Uruguay to address the Covid-19 pandemic

  

  Uruguay's Economy minister Azucena Arbeleche confirmed that the Inter American Development Bank had awarded the country a 1,7bn dollars soft loan to address the sanitary, social and economic emergency as a consequence of the COVID-19 pandemic.

• Thursday, May 28th 2020 - 08:40 UTC

  The Americas will bear the brunt of the pandemic job losses, ILO report

  

  The Americas will bear the brunt of an estimated 305 million job losses that the coronavirus pandemic will cause worldwide between April and June, the International Labour Organization (ILO) said on Wednesday.

• Thursday, May 28th 2020 - 08:39 UTC

  Chile, once the darling of foreign investors, struggling with coronavirus, inequality and poor public services

  

  Chile's government is struggling to control a coronavirus outbreak that could revive mass social unrest as its hospital system comes under increasing pressure. With a population of 18 million, Chile is reporting new Covid-19 cases at a pace comparable to that of Spain at the peak of the virus' spread in March, on a per capita basis, and resources are close to maxed out in Latin America's wealthiest economy.