Economy

Thursday, October 3rd 2019 - 09:51 UTC
Brazil's landmark pension reform bill closer to its final approval

Brazil’s Senate on Wednesday approved a landmark pension reform bill in the first round of voting, in relief for far-right President Jair Bolsonaro, although senators voted down an amendment in a move that dilutes the reform’s projected savings. The bill will now pass to a second and final voting round.
Thursday, October 3rd 2019 - 09:50 UTC
US will impose 10% tariffs on Airbus planes and 25% on French wine and Scotch

United States on Wednesday said it would enact 10% tariffs on European-made Airbus planes and 25% duties on French wine, Scotch and Irish whiskeys and cheese from across the continent as punishment for illegal EU aircraft subsidies.
Thursday, October 3rd 2019 - 09:35 UTC
Cool reception from Brussels to UK's new Brexit plan: “a lot of work needs to be done”

Britain's new Brexit plan got a cool reception on Wednesday in Brussels, where European officials highlighted problems and their chief negotiator warned it left “a lot of work” to be done.
Thursday, October 3rd 2019 - 09:18 UTC
China's hog herd drops to half because of the African swine fever

China's hog herd fell by half in the first eight months of 2019 due to a devastating outbreak of African swine fever and will likely shrink by 55% by the end of the year, analysts at Rabobank said on Wednesday.
Thursday, October 3rd 2019 - 08:52 UTC
The IMF after Argentina

By Kenneth Rogoff (*) - It’s high time to ask how to refocus the International Monetary Fund’s mandate for dealing with emerging-market debt crises. How can the IMF be effective in helping countries regain access to private credit markets when any attempt to close unsustainable budget deficits is labeled austerity?
Wednesday, October 2nd 2019 - 09:57 UTC
Mercosur and South Korea fourth round of trade talks, this time in Busan

South Korea’s trade ministry said on Monday it plans to hold the fourth round of trade talks with Mercosur as Seoul aims to expand its trade network with emerging countries and revitalize its ailing exports.
Wednesday, October 2nd 2019 - 09:55 UTC
Falklands appoints new Director of Policy and Economic Development

The Falkland Islands Government announced on Tuesday the appointment of Andrew Gaule as the new of Director of Policy and Economic Development. Andrew is due to arrive in the Islands on 2 November 2019 to allow for a seamless handover from the current Director Diane Simsovic.
Wednesday, October 2nd 2019 - 09:48 UTC
Brazilian industrial production rose in August at its fastest pace in over a year

Industrial production in Brazil rose in August at its fastest pace in more than a year, official figures on Tuesday showed, a sign that Latin America’s largest economy may slowly be turning a corner after flirting with recession earlier in the year.
Wednesday, October 2nd 2019 - 09:25 UTC
A 50p Falklands' coin with the wrong Rockhopper penguin variety nets £114 online

A rare 50p coin from the Falkland Islands has sold for almost £114 online, thanks to a subtle blunder. The silver coin was minted as part of a set of four penguin-themed 50ps designed to celebrate the wildlife on the British isles back in 2017. The original 50p coins featured the wrong variety of Rockhopper penguin
Wednesday, October 2nd 2019 - 09:08 UTC
INIDEP launches “Marine and Fisheries Sciences” publication in English and Spanish

The Argentine Fisheries Research and Development Institute, INIDEP, based in Mar del Plata has re-launched a historic scientific magazine, now re-baptized “Marine and Fisheries Sciences” with the purpose of circulating the work and papers from the institute.