Economy

• Tuesday, May 19th 2020 - 07:58 UTC

  Brazilian agribusiness exports to China booming

  

  In the first four months of this year, Brazilian agribusiness exports totaled US$31.40 billion, marking a 5.9% increase year-on-year. The growth of agribusiness exports resulted in an increase in volumes 11.1%, while the index price suffered a drop of 4.7%.

• Monday, May 18th 2020 - 08:15 UTC

  Fed chief forecasts US economy could easily contract 20 to 30% this quarter

  

  The business shutdowns caused by the coronavirus pandemic could “easily” cause the US economy to collapse by 20 to 30% this quarter, Federal Reserve Chair Jerome Powell said on Sunday. Data show more than 30 million jobs were destroyed in the world's top economy, as businesses were shuttered nationwide amid the efforts to stop the spread of COVID-19.

• Monday, May 18th 2020 - 06:52 UTC

  Virus makes UK super-rich US$ 65 billion poorer and alters Super Rich List 2020

  

  Britain's wealthiest people have lost tens of billions of pounds in the coronavirus pandemic as their combined annual wealth fell for the first time in a decade, the Sunday Times reported in its Rich List 2020.

• Saturday, May 16th 2020 - 07:57 UTC

  IMF calls on digital companies' responsible behavior as the “big winners from the pandemic”

  

  The technology companies that are reaping gains as a result of increased reliance on online systems during coronavirus quarantines and lockdowns should work to increase access to the digital economy for all, the head of the IMF said on Friday.

• Saturday, May 16th 2020 - 07:55 UTC

  Bolsonaro's erratic administration keeps Brazilian corporations from issuing fresh bonds

  

  As Brazilian President Jair Bolsonaro kept his name in the headlines over the last weeks by firing ministers and attacking governors, the Supreme Court and Congress, investors fretted over the prospect of a political crisis on top of the coronavirus pandemic.

• Saturday, May 16th 2020 - 07:54 UTC

  Trump set to restore partial funding for WHO, to similar level of China's contribution

  

  US President Donald Trump's administration is set to restore partial funding to the World Health Organization (WHO), Fox News reported late on Friday, citing a draft letter.

• Saturday, May 16th 2020 - 07:49 UTC

  Britain-EU round of post Brexit talks end with scant progress

  

  Britain and the European Union urged each other on Friday to give ground in talks over a post-Brexit trade deal or risk failure in tetchy exchanges after the latest bout of bargaining ended with scant progress.

• Saturday, May 16th 2020 - 07:44 UTC

  An icon of US retail industry, J.C. Penney filed for bankruptcy protection

  

  J.C. Penney Co Inc filed for bankruptcy protection on Friday with plans to permanently close some stores and also explore a possible sale, making it the latest brick-and-mortar retailer to crumble as prolonged store closures in response to the COVID-19 pandemic drive a final stake through long-troubled businesses.

• Saturday, May 16th 2020 - 07:18 UTC

  China calls on the US to “fulfill their financial obligations to the United Nations”

  

  China on Friday issued a statement calling on all UN member states to “actively fulfill their financial obligations to the United Nations,” stressing that Washington owes the organization more than US$2 billion.

• Friday, May 15th 2020 - 11:03 UTC

  A Falklands' milestone: opening of Mount Pleasant airport 35 years ago

  

  May 12 was the 35th anniversary of the opening of Mount Pleasant Airport in the Falkland Islands. A milestone that definitively changed the life and future of the Islands, helping to boost trade and tourism.