Economy

Friday, July 16th 2021 - 08:18 UTC
WTO edges closer to an agreement on fisheries limiting government subsidies

The World Trade Organization edged closer on Thursday to an agreement that would set new rules for the global fisheries industry and limit government subsidies contributing to unsustainable fishing and the depletion of global fish stocks.
Wednesday, July 14th 2021 - 23:44 UTC
Disappointment in Gibraltar as Wizz Air cancels service

Wizz Air has cancelled all Gibraltar flights to Luton for August saying it needs to meet higher demand in other European countries. Minister for Business and Tourism, the Hon Vijay Daryanani MP, said: “We understand Wizz Air’s need to remain flexible to client demands.
Wednesday, July 14th 2021 - 09:05 UTC
Brazilian President supports Cuban demonstrations, signs privatization of Eletrobras

Brazilian President Jair Bolsonaro Tuesday expressed his support for the Cuban people protesting against their living conditions under the Communist Government of Miguel Díaz-Canel.
Wednesday, July 14th 2021 - 09:00 UTC
Uruguay central bank leaves reference rate unchanged waiting for stronger recovery signals

The Uruguayan central bank is waiting for stronger signals of economic recovery before altering the current monetary policy, according to a release from the Monetary Policy Committee, Copom. In its third 2021 meeting, at the end of June, it ratified the current reference interest rate of 4,5% and anticipated it will wait for improved indicators from the pandemic battered economy.
Wednesday, July 14th 2021 - 08:59 UTC
US budget finances improving as labor market recovers and tax payments advanced two months

The United States government recorded a budget deficit of 174 billion dollars in June, which is approximately a fifth of the 864 billion dollars the same month a year ago. Recovery of the labor and jobs markets, together with an advanced deadline to pay taxes this year helped to achieve the positive tendency.
Wednesday, July 14th 2021 - 08:30 UTC
Volkswagen picks Uruguay to make e-cars Latin American landing

The traditional German automaker Volkswagen has chosen Uruguay as the first country in Latin America to receive its assortment of fully electricity-powered models, it was announced during a ceremony which was attended by President Luis Lacalle Pou.
Tuesday, July 13th 2021 - 09:05 UTC
Vote in parliament to reverse UK's decision to cut overseas aid

The British parliament will vote this Tuesday on a reverse decision to cut the United Kingdom's overseas aid. Chancellor of the Exchequer Sunak addressed a statement to parliament on Monday that the decision to limit foreign aid would be reversed once the UK no longer needs to borrow to fund daily needs and public debt begins to fall.
Tuesday, July 13th 2021 - 09:00 UTC
Latam expected to grow 5,2% this year but 2,9% in 2022: structural problems remain, ECLAC report

The Economic Commission for Latin America and the Caribbean (ECLAC) raised its average growth estimate for the region in 2021 to 5.2%, reflecting a rebound from the deep contraction of 6.8% registered in 2020 as a consequence of the adverse effects of the COVID-19 pandemic.
Monday, July 12th 2021 - 08:23 UTC
Brazil: São Paulo's elderly unable to cope with inflation, study shows

More than 50% of São Paulo's senior citizens interviewed during a survey have admitted they could not make ends meet.
Monday, July 12th 2021 - 05:09 UTC
FAO Food Price Index, down 2,55 in June but still 33.9% higher than a year ago

Global food commodity prices fell in June for the first time in 12 months, according to a benchmark United Nations report. The FAO Food Price Index averaged 124.6 points in June 2021, down 2.5% from May, but still 33.9% higher than its level in the same period last year. The decline in June marked the first drop in the Index following twelve consecutive monthly increases