Economy

• Saturday, May 9th 2020 - 08:54 UTC

  Brazil's Real recovers slightly on commodities market optimism

  

  Brazil's Real firmed for the first time this week, bouncing from last session's all-time lows, while most other Latin American currencies also strengthened on Friday on signs of easing tensions between the United States and China.

• Saturday, May 9th 2020 - 08:50 UTC

  COVID-19 wipes 20,5 million jobs in the US; unemployment soars to 14,7%

  

  The COVID-19 lockdown wiped out 20.5 million jobs in the United States in April, destroying nearly all the positions created in the prior decade in the world's largest economy, the Labor Department reported on Friday.

• Saturday, May 9th 2020 - 08:48 UTC

  In April Mexico and Brazil produced 5,569 cars instead of half a million

  

  Auto production in Mexico and Brazil, Latin America's top producers, plunged by an unprecedented 99% in April as a result of the coronavirus crisis, with the two countries building a total of just 5,569 vehicles.

• Saturday, May 9th 2020 - 08:45 UTC

  Falklands' schools and Leisure Center will be reopening next Monday

  

  Falkland Islands schools in Stanley are making final preparations for reopening on Monday, May 11. Camp Education, an integral part of the schooling system also re-opens on the same day.

• Saturday, May 9th 2020 - 08:40 UTC

  Germany fears a hard Brexit, as UK moves away from political negotiations

  

  German Foreign Minister Heiko Maas said in a newspaper interview on Saturday there was a growing risk of a hard Brexit in the midst of the coronavirus crisis as negotiations between Britain and the European Union so far on the future trade relationship had yielded hardly any progress.

• Saturday, May 9th 2020 - 07:56 UTC

  Tougher visa guidelines for Chinese journalists in US

  

  The United States issued a new rule on Friday tightening visa guidelines for Chinese journalists, saying it was in response to the treatment of US journalists in China, a shift that comes amid tensions between the two nations over the coronavirus global pandemic.

• Friday, May 8th 2020 - 09:28 UTC

  Brazil expects beef exports to set a new record in 2020 in volume and value

  

  Brazilian beef exports in 2020 will likely set a new record in terms of volume and value despite the novel coronavirus pandemic, Antônio Camardelli, president of beef group Abiec, said on Thursday.

• Friday, May 8th 2020 - 09:23 UTC

  Argentina's countdown to ninth default; some bondholders and IMF trust a last minute understanding

  

  Argentina's Economy Minister Martin Guzman has given the country's biggest bondholders until this Friday to accept the offer he has put on the table to suspend payments until 2023 and reduce interest rates thereafter. One of the largest of those creditors, the investment management firm BlackRock, rejected Guzman's proposal and immediately presented a counteroffer.

• Friday, May 8th 2020 - 09:16 UTC

  Brazilian government anticipates food shortages and social disorder because of the lockdowns

  

  Brazil could face “economic collapse” in a month's time due to stay-at-home measures to stem the coronavirus outbreak, with food shortages and “social disorder,” Economy Minister Paulo Guedes warned on Thursday.

• Friday, May 8th 2020 - 08:58 UTC

  Falklands input to UK/EU Brexit trade negotiations to avoid a fait accompli

  

  Lawmaker MLA Teslyn Barkman confirmed that work continues in London to ensure that any future Brexit agreement (UK leaving the EU) has input from the Falkland Islands.