Economy

• Friday, April 10th 2020 - 14:50 UTC

  US Fed and Bank of England ramp up emergency responses to the escalating recession in unchartered waters

  

  The U.S. Federal Reserve and the Bank of England ramped up their emergency responses to the world's escalating coronavirus recession on Thursday as they pushed deeper into territory once considered fraught with risk for central bankers.

• Friday, April 10th 2020 - 08:57 UTC

  US, Russia and Saudis hammer out a tentative accord to cut oil supply and help boost prices

  

  OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis.

• Friday, April 10th 2020 - 08:56 UTC

  Falklands' survey: 84% of businesses report negative impact from the pandemic

  

  The Falkland Islands Government, FIG, recently carried out a business survey in conjunction with the Chamber of Commerce that resulted in 283 responses.

• Friday, April 10th 2020 - 08:48 UTC

  Falklands' wool farmers bashed with lack of demand and falling prices

  

  Falkland Islands farmers are deeply concerned because wool prices have crashed to 40-50% below levels of early 2019, and as much as 70% of the Falklands 2019/20 wool clip is as yet unsold.

• Thursday, April 9th 2020 - 14:57 UTC

  Chilean consumer prices rose 0.3% in March, and 3.7% in twelve months

  

  Chile consumer prices rose 0.3% in March, the government's statistics agency said on Wednesday, pushed upwards by a rise in food and education costs but counterbalanced by a fall in transportation prices.

• Thursday, April 9th 2020 - 13:30 UTC

  Bolsonaro thanks Indian PM Modi for allowing export of hydroxychloroquine raw materials

  

  Brazil's president Jair Bolsonaro has thanked Indian Prime Minister Narendra Modi for allowing the export of raw materials to continue production of hydroxychloroquine, an anti-malarial drug believed effective in the treatment of the novel coronavirus. In his address to the nation on Wednesday, Mr. Bolsonaro said he thanked the Prime Modi and the people of India for “timely help to the people of Brazil”.

• Thursday, April 9th 2020 - 09:47 UTC

  Peru launches economic stimulus plan equivalent to 12% of its GDP

  

  While Latin America’s two largest economies, Brazil and Mexico, fret over the wisdom of pursuing large economic stimulus packages that could erode fiscal targets, Peru is going big and getting rewarded.

• Thursday, April 9th 2020 - 09:46 UTC

  Argentine food exports face a drop in demand and prices

  

  The United Nations has warned of an impending food shortage due to the coronavirus pandemic as major exporters such as Argentina find it increasingly difficult to sell their produce.

• Thursday, April 9th 2020 - 09:17 UTC

  Global trade expected to plummet this year, says World Trade Organization

  

  Global trade growth is expected to plummet by up to a third in 2020 due to the coronavirus pandemic, the World Trade Organization said on Wednesday, warning that the numbers would be “ugly”.

• Thursday, April 9th 2020 - 09:08 UTC

  Boris Johnson remains in intensive care with his condition “improving”

  

  British Prime Minister Boris Johnson's condition was said to be “improving” on Wednesday, as he spent a third day in intensive care battling COVID-19. The disease has struck at the heart of the British government, infected more than 60,000 people across nationwide and killed more than 7,000.