Economy

Saturday, May 9th 2020 - 08:40 UTC
Germany fears a hard Brexit, as UK moves away from political negotiations

German Foreign Minister Heiko Maas said in a newspaper interview on Saturday there was a growing risk of a hard Brexit in the midst of the coronavirus crisis as negotiations between Britain and the European Union so far on the future trade relationship had yielded hardly any progress.
Saturday, May 9th 2020 - 07:56 UTC
Tougher visa guidelines for Chinese journalists in US

The United States issued a new rule on Friday tightening visa guidelines for Chinese journalists, saying it was in response to the treatment of US journalists in China, a shift that comes amid tensions between the two nations over the coronavirus global pandemic.
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.