Economy

• Tuesday, September 24th 2019 - 09:08 UTC

  Argentine private sector workers given extra payment to compensate for inflation

  

  Argentina's private-sector workers will see their wages topped off by 5,000 pesos (US$ 88) in a one-time non-taxable payment aimed at boosting their buying power amid surging inflation, the Production Ministry said on Monday.

• Tuesday, September 24th 2019 - 07:53 UTC

  With revenue increasing Brazil unlocks budget funds for education and defense

  

  Brazil’s government will free up 12.5 billion reais (US$3 billion) for discretionary spending, the Economy Ministry said in its latest bi-monthly spending and revenue report, as it seeks to ease the pressure on departmental budgets following deep spending freezes this year.

• Tuesday, September 24th 2019 - 07:41 UTC

  Criminal charges against Brazil's mining giant Vale and German safety firm

  

  Brazilian federal police have proposed criminal charges against mining giant Vale and German safety firm Tüv Süd and 13 of their employees over January's deadly dam collapse, reports say.

• Tuesday, September 24th 2019 - 07:32 UTC

  Trump increases pressure on China to buy farm products

  

  U.S. President Donald Trump on Monday questioned a decision by his top trade negotiators to ask Chinese officials to delay a planned trip to U.S. farming regions after trade talks last week, saying he wanted China to buy more American farm products.

• 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.