Economy

• Wednesday, March 18th 2020 - 07:20 UTC

  Policy Action for a Healthy Global Economy

  

  By Kristina Georgieva (*) – While quarantining and social distancing is the right prescription to combat COVID-19’s public health impact, the exact opposite is needed when it comes to securing the global economy.

• Wednesday, March 18th 2020 - 07:12 UTC

  Brazilian meatpackers considering suspending operations because of China

  

  Brazilian meatpackers JBS and Minerva Foods are considering suspending operations at some slaughterhouses in Brazil due to supply chain issues from China, JBS and sources close to Minerva said this week.

• Tuesday, March 17th 2020 - 08:15 UTC

  Brazil US$ 30bn fiscal boost to prop the economy and soften Covid-19 impact

  

  Brazil’s government on Monday announced emergency measures to inject nearly 150 billion reais (US$ 30 billion) into the economy to soften the blow from the coronavirus pandemic.

• Tuesday, March 17th 2020 - 08:10 UTC

  Dispatch from Uruguay: “Democracy or Bureaucracy & Mediocrity”

  

  By David P. Michaels (*) - Luis-Alberto Lacalle Pou, Uruguay’s recently inaugurated President, faces one of the most significant challenges in Uruguay’s recent history.

• Tuesday, March 17th 2020 - 08:02 UTC

  British supermarkets appeal to consumers to be more considerate after shelves were plundered: “we have adequate supplies”

  

  British supermarkets have called on consumers to be more considerate and reiterated they have adequate supplies, as the coronavirus saw shelves plundered and a surge in online orders. The country's leading grocery retailers, including Tesco, Sainsbury's and Waitrose, penned a joint letter to customers, which ran in newspapers on Sunday and Monday appealing for calm.

• Tuesday, March 17th 2020 - 07:53 UTC

  Boris asks UK industry to manufacture health equipment, and considers using hotels as hospitals if needed for the pandemic

  

  Britain has asked manufacturers including Ford, Honda and Rolls Royce to help make health equipment including ventilators to cope with the coronavirus outbreak and will look at using hotels as hospitals.

• Tuesday, March 17th 2020 - 07:34 UTC

  Nightmare: assessing the coronavirus damage for the cruise industry

  

  The novel coronavirus is becoming a financial and public-relations nightmare for the cruise industry, from failed quarantine attempts on ships to passenger lawsuits and a stream of cancellations.

• Monday, March 16th 2020 - 11:19 UTC

  G7 global rescue: Fed cuts rates to almost zero and launches US$ 700bn stimulus program

  

  The US has cut interest rates to almost zero and launched a US$ 700bn stimulus program in a bid to protect the economy from the effect of coronavirus. It is part of a coordinated action announced on Sunday in the UK, Japan, the Eurozone, Canada, and Switzerland.

• Saturday, March 14th 2020 - 09:07 UTC

  Two major sea food expos, Boston and Brussels, suspended because of coronavirus

  

  Two of the leading international seafood expos and fisheries business hubs have been suspended as a consequence of the coronavirus pandemic. Diversified Communications, which organizes the Seafood Expo North America in Boston said the event, scheduled for March 15/17 has been postponed.

• Friday, March 13th 2020 - 08:57 UTC

  Coronavirus panic in markets wipes US$ 14 trillion in a month

  

  Global stock markets crashed on Friday, ending a years-long bull run, with coronavirus panic selling hitting almost every asset class and leaving investors nowhere to hide. Half a trillion dollars in liquidity from the U.S. Federal Reserve and the promise of more were not enough to calm the fear that has wiped some US$14 trillion from world stocks in a month.