Economy

• Tuesday, September 24th 2019 - 03:34 UTC

  Thomas Cook collapse forces the largest peacetime repatriation effort in UK history

  

  Hundreds of thousands of holidaymakers were stranded on Monday by the collapse of the world’s oldest travel firm Thomas Cook, sparking the largest peacetime repatriation effort in British history.

• Monday, September 23rd 2019 - 18:47 UTC

  Thomas Cook goes bankrupt, leaves passengers stranded and workers jobless

  

  The British 178-year-old Thomas Cook Group Plc. tour operators have filed for bankruptcy in the United Kingdom, leaving some 600,000 tourists stranded at their holiday destinations, which has prompted the government to launch a massive airlift to bring them back home using 45 chartered airliners.

• Monday, September 23rd 2019 - 13:20 UTC

  Experts predict that US-China trade war deal may be imminent

  

  Prominent Chinese economist Chen Wenling has recently advised that a trade deal between the United States and her home country may be imminent, marking the beginning of the end for the damaging conflict between these two nations.

• Friday, September 20th 2019 - 16:44 UTC

  Unemployment on the rise in Macri's Argentina

  

  Unemployment in Argentina reached 10.6% in the second quarter of 2019, the highest ever since President Mauricio Macri took office in December, 2015, according to data released Thursday by the National Institute of Statistics and Census (INDEC).

• Friday, September 20th 2019 - 10:22 UTC

  Argentine Central Bank will produce more Pesos: higher inflation is expected

  

  According to estimates among analysts, the Argentine Peso's production will be around $ 300,000 million for the remainder of the year, estimating inflation for 2020 even higher than this year. 80% of that issuance corresponds to the last month of the year, breaking the objective that the Central Bank of Argentina (BCRA) of “zero-emission” had set and jeopardized the exchange control as it works since August.

• Friday, September 20th 2019 - 09:57 UTC

  Bolsonaro: Petrobras behind fuel price increase, not government

  

  Brazil's President Jair Bolsonaro Thursday explained that his government had nothing to do with the rise in the price of gasoline and diesel fuel, which followed the raid on Saudi Arabian facilities over the weekend.

• Friday, September 20th 2019 - 08:35 UTC

  UK biggest foreign investor in Peru, underlines Ambassador Harrisson

  

  Britain's Ambassador to Peru Kate Harrisson Thursday highlighted that the United Kingdom is currently the biggest foreign investor in the Andean country, thanks to the sizeable mining projects currently under way.

• Thursday, September 19th 2019 - 11:24 UTC

  Senate passes emergency food bill in Argentina

  

  Argentina's Senate Wednesday passed the food emergency bill submitted by the opposition parties as protests mount against the inflationary policies carried out by the administration of President Mauricio Macri, who is yet to sign the draft into law and has hinted he would do so without exerting his veto powers.

• Thursday, September 19th 2019 - 10:32 UTC

  Argentina defreezes fuel price meaning 4% increase at pumps

  

  Effective this Thursday, the government of Argentina agreed to defreeze the price of fuel and thus authorize a 4 percent increase after yielding to pressure from province governors and oil companies as the barrel of crude also goes up globally.

• Thursday, September 19th 2019 - 10:12 UTC

  Uruguay avoids recession, but the economy is stagnant

  

  The Central Bank of Uruguay (BCU) released the report of the country's quarterly economic situation, which reports that the Uruguayan economy grew by only 0.1% year-on-year and 0.3% in the second quarter of the year, compared to the first three months of the year, when it registered a 0.1% drop.