Economy

• Monday, June 8th 2020 - 10:59 UTC

  Infantino preparing FIFA for the new normality

  

  FIFA president Gianni Infantino called for discussions over proposals to introduce salary and transfer fee caps to football in the wake of the coronavirus pandemic. World football's governing body intends to finalize plans in the coming weeks for a financial relief package following the economic damage caused to the sport by the global health crisis.

• Sunday, June 7th 2020 - 10:16 UTC

  Brazil: producers of hydrated ethanol fuel can sell directly to gas station owners

  

  Brazil’s CNPE national energy council approved a resolution that establishes rules allowing producers of hydrated ethanol fuel to sell directly to gas station owners, according to a statement. Oil regulator ANP will now be able to take steps to put the new rules into practice, the statement said.

• Sunday, June 7th 2020 - 09:18 UTC

  Brazilian Real rebounding strongly after months of erosion; central bank forecasted to further cut Selic rate

  

  The Brazilian Real and Mexican peso have both rebounded strongly in recent weeks, but their rallies are starting to diverge with the peso running out of steam and the Real gaining momentum.

• Saturday, June 6th 2020 - 13:55 UTC

  US jobless rate falls to 13,3% in May, triggering optimism that the worst of the pandemic is easing

  

  The U.S. economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by the COVID-19 pandemic was probably over, though the road to recovery could be long.

• Saturday, June 6th 2020 - 13:47 UTC

  Europe could be free-travel zone again by July

  

  European Union Home Affairs Commissioner Ylva Johansson announced that EU free-travel zone could be up and running again before the end of June.

• Saturday, June 6th 2020 - 13:18 UTC

  With economic activity plunging in Chile, consumer prices fell 0.1% during May

  

  Chilean consumer prices fell 0.1% in May, the government’s statistics agency INE said on Friday, as costs of many goods and services stagnated amid the growing coronavirus outbreak in the country.

• Friday, June 5th 2020 - 11:04 UTC

  Argentina extends quarantine to 28 June in metropolitan Buenos Aires

  

  Argentina decided to prolong the quarantine linked to the COVID-19 pandemic until 28 June in the areas most affected by the coronavirus, President Alberto Fernandez said on Thursday. The president made the announcement next to Buenos Aires City Mayor Horacio Rodriguez Larreta and Axel Kicillof, governor of Buenos Aires province, which concentrates 40% of the country's population, and most virus cases.

• Friday, June 5th 2020 - 09:45 UTC

  Covid-19 human toll: US unemployment expected to reach 20% in May

  

  The U.S. unemployment rate likely shot up to almost 20% in May, a new post World War Two record, with millions more losing their jobs, exposing the horrific human toll from the COVID-19 crisis.

• Friday, June 5th 2020 - 09:39 UTC

  US billionaires become significantly richer during the pandemic

  

  The combined wealth of America's billionaires, including Amazon.com founder Jeff Bezos and Facebook CEO Mark Zuckerberg, jumped more than 19% or by half a trillion since the onset of the COVID-19 pandemic in the United States, according to a report published by the Institute for Policy Studies (IPS).

• Friday, June 5th 2020 - 08:30 UTC

  Argentina's industrial output collapsed 33,5% in April compared to April 2019

  

  Argentina's industrial output crashed 33.5% in April from the same month last year, the government's statistics agency said on Thursday, as the national lockdown to fight the coronavirus pandemic bludgeoned Latin America's No. 3 economy.