Economy

Saturday, May 2nd 2020 - 07:21 UTC
Trump thinking on ways of making China accountable for the coronavirus: raising tariffs an option

US President Donald Trump said on Friday raising tariffs on China is “certainly an option” as he considers ways to retaliate for the spread of the COVID-19 out of Wuhan, China.
Saturday, May 2nd 2020 - 07:20 UTC
Shell announced it was cutting its dividend for the first time since World War Two

Royal Dutch Shell cut its dividend for the first time since World War Two on Thursday as the energy company retrenched in the face of an unprecedented drop in oil demand due to the coronavirus pandemic.
Saturday, May 2nd 2020 - 06:50 UTC
UK universities under financial stress: lockdowns and absence of foreign students

With conferences cancelled and revenues hit because of a lack of rent from student accommodation, Britain's universities are reeling from the global coronavirus pandemic. Schools have already lost millions of pounds thanks to enforced closures under lockdown, and things could get worse still.
Friday, May 1st 2020 - 08:12 UTC
International Workers Day message from ILO Director General

By Guy Ryder (*) – In the time of coronavirus, the big challenge for most of us is how to protect ourselves and our families from the virus and how to hold on to our jobs. For policymakers, that translates into beating the pandemic without doing irreversible damage to the economy in the process.
Friday, May 1st 2020 - 08:08 UTC
Cargill strongly supports Brazil and its global breadbasket position

The volume of agricultural commodities originated, processed and traded in Brazil by Cargill Inc rose by 12% in 2019 as the U.S.-based firm makes the most from its presence in one of the world’s largest breadbaskets.
Friday, May 1st 2020 - 07:32 UTC
Falklands' first Loligo season ends; vessels off to Vigo, and back by end of July for second season

The Falkland Islands government, FIG, announced that the first loligo season has come to a close as of 28 April, and on Thursday a number of vessels arrived in Stanley Harbor and Port William.
Thursday, April 30th 2020 - 08:39 UTC
Argentina refineries running at minimum capacity because of lack of demand

A Buenos Aires crude oil refinery operated by Argentine state-controlled energy firm YPF is running with a minimal level of workers due to a drop in consumption and a lack of storage space amid a crash in global oil prices during the coronavirus pandemic, a spokesman said on Wednesday.
Thursday, April 30th 2020 - 08:21 UTC
Paraguay one of the countries to first bounce back after post coronavirus

Mercosur member Paraguay has a high likelihood of bouncing back best once the novel coronavirus is contained, Rebeca Grynspan, head of the Ibero-American General Secretariat (SEGIB), told Radio Nacional del Paraguay on Thursday.
Thursday, April 30th 2020 - 07:51 UTC
Falklands' power rates decrease becomes effective May first, and for three months

The Falkland Islands government announced on Monday that a decrease in electricity prices will come into effect on from this Friday 1 May 2020. The move is part of the government’s comprehensive suite of measures to assist businesses, private sector employees and households during the COVID-19 pandemic.
Thursday, April 30th 2020 - 07:48 UTC
US economy down 4.8% in first quarter and an “unprecedented” drop forecasted for the second quarter

The U.S. central bank that has already slashed interest rates to zero reiterated on Wednesday they will stay there until the economy is clearly back on track. It has also rolled out around US$ 2 trillion in lending commitments, and Fed chief Jerome Powell said it was ready to do more as needed.