Economy

Wednesday, April 29th 2020 - 07:33 UTC
US markets end Tuesday lower on weak consumer data and mixed earnings report

Wall Street stocks finished lower following a choppy session on Tuesday as mixed earnings reports and weak consumer data underscored the economic challenges caused by the coronavirus shutdowns.
Tuesday, April 28th 2020 - 08:03 UTC
Argentina's EEZ “flooded” by Chinese jiggers catching tons of squid

The Association of Argentine Fishing Industry Chambers has sent an urgent open letter to president Alberto Fernandez complaining about the illegal activity of almost a hundred foreign jiggers in the country's EEZ.
Tuesday, April 28th 2020 - 06:55 UTC
“Brazil on the path to prosperity, not in the path of despair as Argentina and Venezuela”

“We're on another path, the path of prosperity, not in the path of despair”, said Brazilian economy minister Paulo Guedes when asked about Argentina's decision to partially abandon Mercosur. It was also an opportunity for president Jair Bolsonaro to openly express support for his the “super” minister, who seemed strongly weakened following the forced resignation of the other “super” minister Sergio Moro.
Tuesday, April 28th 2020 - 06:54 UTC
Brazil industrial confidence crashed to its lowest level in April

Brazilian industrial confidence crashed to its lowest level on record in April, a survey showed as the lockdowns and sudden halt to swathes of activity lashed Latin America’s largest economy.
Monday, April 27th 2020 - 07:59 UTC
Mercosur: Argentina only interested in block's negotiations with Europe

In the midst of the chaotic situation caused by the pandemic, the Argentine government announced the abandonment of Mercosur negotiations to prioritize the country’s domestic economy and the struggle against the virus. The rest of the bloc members must evaluate legal, institutional, and operational measures emerging from the decision.
Monday, April 27th 2020 - 07:58 UTC
Mandatory quarantine in Argentina has been expanded until May 10

Argentina will extend a mandatory nationwide quarantine period until May 10 in a bid to combat the advance of the coronavirus, President Alberto Fernandez announced on Saturday. The Argentine government-imposed shelter-in-place measure, in effect since mid-March, had been set to expire on Sunday.
Monday, April 27th 2020 - 07:45 UTC
Collapse of Boeing deal plunges Brazilian plane maker Embraer into an uncertain future

Brazilian planemaker Embraer SA has been thrust into an uncertain future with no immediate plan B, while not ruling out seeking a bailout after Boeing Co jettisoned a US$ 4.2 billion commercial aerospace tie-up amid the coronavirus crisis.
Monday, April 27th 2020 - 07:05 UTC
Scotland salmon industry accused of overestimating its value and employment

The Scottish Government is being urged to suspend its support for increased production in the salmon farming sector. It comes as a new report claims the impact the industry has on employment and the economy has been hugely overestimated.
Saturday, April 25th 2020 - 08:58 UTC
COVID-19 K.O. for travel and tourism industry: 100 million jobs on the line

The Travel & Tourism sector faces a staggering 100 million jobs losses due to the COVID-19 pandemic, according to the World Travel & Tourism Council, WTTC. The startling figure, based on research from WTTC, has increased by over 30% in the last four weeks, indicating the sheer crisis affecting the sector.
Saturday, April 25th 2020 - 08:57 UTC
Brazil in turmoil following the resignation of Moro complaining of “political interference” from Bolsonaro

Sergio Moro, Brazil's justice and security minister resigned on Friday after clashing with President Jair Bolsonaro over the sacking of the federal police chief. Moro, a former anti-corruption judge, hit out at “political interference” in the federal police, saying he could not do his job without “autonomy” for the force.