Economy

Monday, February 10th 2020 - 08:56 UTC
Cristina Fernandez: Argentina will not pay “even half a cent” of its IMF debt until the country exits recession

Argentine Vice President Cristina Fernandez de Kirchner said on Saturday in Havana that the government will not pay “even half a cent” of its debt back to the International Monetary Fund before the country has exited recession.
Monday, February 10th 2020 - 08:34 UTC
Ex political wing of IRA shocks Irish elections and political system

Left-wing Irish nationalist party Sinn Fein on Sunday demanded to be part of the next Irish government after tallies indicated it secured the most votes in an election that leader Mary Lou McDonald described as a ballot box “revolution”.
Saturday, February 8th 2020 - 11:04 UTC
US job growth accelerated in January, but payrolls downgraded over a 12 month period

U.S. job growth accelerated in January, with unseasonably mild temperatures boosting hiring in weather-sensitive sectors, indicating the economy will probably continue to grow moderately despite a deepening slump in business investment.
Saturday, February 8th 2020 - 10:27 UTC
New IMF chief Georgieva reshuffling top jobs: deputy Lipton to be replaced

The top American serving at the International Monetary Fund will leave his post at the end of the month amid a reshuffling of the top leadership, the fund said Friday. David Lipton, 66, who has been in the number two position at the Washington-based lender since September 2011, will be replaced by newly installed IMF chief Kristalina Georgieva “in the context of changes she will be making to the leadership team,” the IMF said in a statement.
Friday, February 7th 2020 - 19:06 UTC
World food prices rose for the fourth consecutive month in January

The FAO Food Price Index averaged 182.5 points during the month, up 0.7 percent from December and 11.3 percent higher than the same month a year earlier. Vegetable oils, sugar, and wheat were the chief drivers of the index, which tracks monthly changes in the international prices of commonly-traded food commodities.
Friday, February 7th 2020 - 19:01 UTC
US markets soar after China announces tariff cuts on US goods

Wall Street stocks finished at fresh records on Thursday, again shrugging off worries about the coronavirus outbreak and applauding China's move to cut tariffs on US goods. All three major indices ended at all-time highs, with the Dow Jones Industrial Average advancing 88.92 points (0.30 per cent) to 29,379.77.
Friday, February 7th 2020 - 09:51 UTC
“Falklands much closer to Brazil after the second flight”, UK ambassador

The British ambassador to Brazil, Vijay Rangarajan, this week said the second flight will bring the Falkland Islands closer to Brazil, describing it as a potential engine to help drive links between the two countries.
Friday, February 7th 2020 - 09:46 UTC
China halves punitive tariffs on US$ 75 billion of US imports next week

China said on Thursday it will halve punitive tariffs on US$75 billion in US imports from Feb 14, a month after Beijing and Washington signed a truce in their long-running trade war.
Friday, February 7th 2020 - 09:45 UTC
UK expanding fisheries protection to police territorial waters in a no-Brexit trade-deal scenario

The British government is hiring additional ships for the Royal Navy amid growing Brexit tensions - with reports as many as 24 extra boats could be drafted into service. The Times reports that “Ministers are getting ready to triple the number of boats in Britain’s fisheries protection squadron to police territorial waters in the event of a no-trade-deal Brexit”.
Friday, February 7th 2020 - 09:39 UTC
Fishing subsidies battle at WTO speared by the US

The United States said on Thursday it was pushing hard for the World Trade Organization to reach agreement on cutting fishing subsidies in coming months and viewed those talks as a test of whether the global body can still achieve multilateral deals.