Economy

• Wednesday, November 13th 2019 - 09:48 UTC

  Bolsonaro hosts BRICS summit: his heart with Trump but Brazil's economy in need of Beijing

  

  Brazil's President Jair Bolsonaro will walk a diplomatic tightrope on Wednesday when he hosts his Chinese counterpart, as he seeks to boost ties with Beijing and avoid upsetting key ally Donald Trump.

• Wednesday, November 13th 2019 - 09:10 UTC

  UK unemployment at a 45-year low, but jobs' market softening

  

  British unemployment has hit a fresh 45-year low, official data showed on Tuesday in a mixed labor market snapshot before a UK general election and Brexit.

• Wednesday, November 13th 2019 - 08:37 UTC

  Some 1.5 million jobs threatened by US/China trade war, warns port of Los Angeles

  

  President Donald Trump on Tuesday took credit for an American economic renaissance but was greeted by another salvo from US industries that blame his trade wars for jeopardizing employment, wounding business and burdening consumers with higher costs.

• Saturday, November 9th 2019 - 10:55 UTC

  Chilean popular discontent spills over to the country's elite

  

  Chile's long-untouchable elite is now bearing the brunt of popular anger spilling onto the country's streets, and analysts say the signals have been there for years. Resource-rich Chile has long been seen as a stable democracy with South America's highest per-capita income, but economic and political power has rested in the hands of the relative few

• Saturday, November 9th 2019 - 10:45 UTC

  Brexit-era paralysis: Moody's downgrades UK's debt to negative

  

  Moody's on Friday downgraded the outlook for Britain's debt, citing mounting policy challenges amid the Brexit debate. The agency cut the outlook to negative from stable but kept the debt at the investment-grade Aa2.

• Friday, November 8th 2019 - 09:22 UTC

  UN Assembly condemns “anachronistic” and “inhumane” US embargo on Cuba

  

  The UN General Assembly condemned the nearly 60-year-old US embargo on Cuba on Thursday for the 28th year in a row, calling for an end to it by a vote of 187 to three. Only Israel and Brazil voted with the US against the resolution. Two other US allies -Ukraine and Colombia - abstained.

• Friday, November 8th 2019 - 08:52 UTC

  China and US agree to roll back tariffs in phases, both sides confirmed

  

  China and the United States have agreed to roll back tariffs on each others' goods as part of the first phase of a trade deal, officials from both sides said on Thursday offering a new sign of progress despite ongoing divisions about the months-long dispute.

• Thursday, November 7th 2019 - 09:23 UTC

  Brazil's leading bank affected by political instability in Argentina and Chile

  

  Political instability in Argentina and Chile is taking a toll on Itaú Unibanco Holding SA’s businesses beyond its home market of Brazil, Chief Executive Candido Bracher said on Tuesday.

• Wednesday, November 6th 2019 - 09:49 UTC

  Bolsonaro unveils fiscal reforms and sends bill to privatize Brazil's largest utility, Electrobras

  

  Brazilian President Jair Bolsonaro's government unveiled a bundle of wide-ranging reforms on Tuesday, aimed at cutting spending and reducing the size of the state to drive down its chronic fiscal deficit.

• Wednesday, November 6th 2019 - 09:45 UTC

  US and China trying to agree where to sign “phase one” of trade deal

  

  The United States and China are working to narrow their differences enough to sign a “phase one” trade deal as early as this month, but suggestions for a signing venue range from Alaska to Greece.