Economy

Friday, May 10th 2019 - 09:57 UTC
Brazil confident of a Mercosur/EU trade accord in coming weeks

The European Union and Mercosur will likely close a trade agreement in the near future, Brazil’s Foreign Trade Secretary Lucas Ferraz said in an interview with Bloomberg. “We’ve never been so close,” Ferraz said adding, “we’ve advanced more in four months than in 20 years”.
Friday, May 10th 2019 - 09:53 UTC
Mike Zuckerberg has become far too powerful, Facebook has to be broken up, says the social media co-founder

One of the co-founders of Facebook called on Thursday for the social media behemoth to be broken up, warning that the company's head, Mark Zuckerberg, had become far too powerful.
Friday, May 10th 2019 - 06:00 UTC
US/China conclude first of two days of talks; Trump's tariff hike anticipated

Top US and Chinese trade negotiators concluded the first of two days of talks on Thursday to rescue a trade deal that is close to collapsing as Washington prepares to go ahead with plans to hike tariffs on hundreds of billions of dollars of goods imported from China.
Thursday, May 9th 2019 - 12:28 UTC
Brazil central bank leaves interest rates unchanged at 6.5%

Brazil's central bank held fire on interest rates on Wednesday despite lackluster growth in Latin America's biggest economy and uncertainty over President Jair Bolsonaro's ability to push through a much-needed pension reform.
Thursday, May 9th 2019 - 09:57 UTC
Trump spoke to Macri to strongly support Argentina's economic reforms

US President Donald Trump spoke with Argentina's leader Mauricio Macri on Wednesday and voiced support for the country's economic reforms, the White House said in a statement.
Thursday, May 9th 2019 - 09:32 UTC
World markets on the edge waiting for Friday's China/US trade talks outcome

Asian markets once again fell into the red on Thursday as investors anxiously await the start of high-stakes trade talks between China and the United States. After several rounds of negotiations, the two-day meeting in Washington, which kicks off later in the day, has taken on huge significance after Donald Trump threatened to ramp up tariffs on Chinese goods from Friday blaming backsliding by Beijing.
Thursday, May 9th 2019 - 09:27 UTC
Australian central bank new A$50 bill missed its “responsiblity”

Red-faced bank bosses in Australia admitted to an embarrassing error on Thursday, revealing their state-of-the-art A$50 note had a typo. The yellow and green note, which is worth around US$35, came into circulation last October. It has multiple security features - including microprint of a speech by Australia's first female parliamentarian, Edith Cowan.
Thursday, May 9th 2019 - 09:24 UTC
Argentina auto exporters will receive a 6.5% tax refund for sales to Mercosur

Argentina will give its auto exporters a larger tax rebate to help stimulate the flagging local sector that has been hit hard by a consumption slump and economic crisis in Latin America’s No. 3 economy.
Thursday, May 9th 2019 - 08:26 UTC
Brazil's economy on an extremely slow start in the second quarter

Brazil's economy got off to an extremely slow start in the second quarter, figures released showed, with activity in the all-important services sector contracting in April for the first time since September last year.
Thursday, May 9th 2019 - 08:01 UTC
Netherlands suffering of over-tourism: time for destination management instead of destination promotion

Netherland Tourism, Spanish Tourism, Hawaii Tourism has a common problem. Over-tourism! The world loves windmills, Amsterdam and tulips- but there is more to the Netherlands.