Economy

Thursday, October 10th 2019 - 09:35 UTC
Brazil selling the only aircraft carrier in South America, A12 Sao Paulo

The Brazilian navy has begun auctioning off its only aircraft carrier. The attempted sale of Sao Paulo leaves the Brazilian fleet with just one aviation vessel, the helicopter carrier Atlantico. And it effectively strands the navy’s small fleet of carrier-compatible Skyhawk fighters.
Wednesday, October 9th 2019 - 09:55 UTC
New IMF chief claims the world economy is in a “synchronized slowdown”

Grinding trade disputes are undermining the global economy, which is set to see its slowest growth in nearly a decade, the new IMF chief said on Tuesday. Research shows the impact of the trade conflict is widespread and countries must be ready to respond in unison with cash infusions, Kristalina Georgieva said in her first speech as managing director of the International Monetary Fund.
Wednesday, October 9th 2019 - 09:50 UTC
Ushuaia anticipates an exceptional cruise season with 431 calls

Ushuaia, extreme south of Argentina and the hub which handles most Antarctica bound cruises are expecting an exceptional 2019/20 season with some 431 calls, up from the 392 of the previous season, according to provincial port authorities.
Wednesday, October 9th 2019 - 09:45 UTC
Global trade tensions have investment on hold and promote poverty, World Bank claims

As global trade tensions persist, investments are put on hold and without that cash to boost economic growth, poverty could surge, the World Bank's chief economist warned Tuesday. Without growth “inevitably, people will struggle”, Pinelopi Koujianou Goldberg said in an interview.
Wednesday, October 9th 2019 - 09:44 UTC
Chinese travelers overseas spent US$ 127.5 billion in first half of 2019

China’s State Administration of Foreign Exchange reports that Chinese travellers spent US$ 127.5 billion abroad in the first half of 2019.
Wednesday, October 9th 2019 - 09:39 UTC
UN running out of funds for staff salaries next month, claims Antonio Guterres

The United Nations may not have enough money for staff salaries next month if member states don't pay what they owe, UN Secretary-General Antonio Guterres warned on Tuesday. He told the 193-member U.N. General Assembly's budget committee that if he had not worked since January to cut spending then the “we would not have had the liquidity to support” the annual gathering of world leaders last month.
Wednesday, October 9th 2019 - 09:33 UTC
China's state media blasts NBA for endorsing Hong Kong violence and “secessionist pipe dream”

Chinese state media on Wednesday accused the U.S. National Basketball Association (NBA) of endorsing violence and peddling a “secessionist pipe dream” in an escalating row over comments by a team official in support of protests in Hong Kong.
Wednesday, October 9th 2019 - 09:30 UTC
Levi Strauss suffers reduced sales in its main market, the Americas

Levi Strauss & Co reported a 4% drop in third-quarter profit on Tuesday, as the denim apparel maker struggled to grow its wholesale business in the Americas, where it generates most of its revenue. Reduced shipments to off-price stores and the impact of delayed acquisition of a South American distributor drove net revenue down about 3% in the region, the first fall since the 165-year-old company went public in March.
Wednesday, October 9th 2019 - 09:11 UTC
Brexit “revenge”: someone in Britain won Euro Millions jackpot with €190 million

Someone in Britain became €190 million (US$208 million) richer on Tuesday when they won the maximum EuroMillions jackpot, the lottery company announced.
Tuesday, October 8th 2019 - 09:54 UTC
Clashes in Ecuador as big march approaches Quito to protest rising fuel prices

Hundreds of indigenous people and farmers clashed with Ecuadoran security forces on Monday as they marched toward the capital Quito to protest against rising fuel prices.