Economy

Monday, September 7th 2020 - 08:59 UTC
France to UK: Brexit negotiator Barnier is not stepping down or being sidelined

France denied the European Union's Brexit negotiator Michel Barnier was about to be sidelined by EU leaders in a bid to break the deadlock in trade talks, as reported by British newspaper the Daily Telegraph.
Monday, September 7th 2020 - 07:43 UTC
Johnson promoting the idea that if UK/EU talks don't advance, “both sides should accept it and move on”, says FT

The British government is planning legislation that will override key parts of the Brexit withdrawal agreement, risking the collapse of trade negotiations with Brussels, the Financial Times reported on Sunday.
Saturday, September 5th 2020 - 07:29 UTC
Francis blast the “shaky pillars” of an economic model built on money idolatry

Pope Francis said on Friday that the coronavirus pandemic had “toppled the shaky pillars” of a world economic model built on the idolatry of money and domination by the rich and powerful.
Friday, September 4th 2020 - 08:50 UTC
Brazilian court annuls one of Lula da Silva's nine criminal cases for alleged corruption

A Brazilian court annulled one of nine criminal cases opened for alleged corruption against former President Lula da Silva because there was “insufficient evidence” to continue the process.
Thursday, September 3rd 2020 - 08:56 UTC
Bolsonaro's popularity soars as he extends payments for low income Brazilians until 2021

Brazil’s President Jair Bolsonaro extended until the end of the year payments for low-income Brazilians hit by the economic fallout from the COVID-19 pandemic, a program that has boosted his popularity but created tension with his finance team.
Thursday, September 3rd 2020 - 08:51 UTC
Truckers end seven day strike in Chile following deal with government

Chilean truckers said on Wednesday they would lift a seven-day strike that has damaged supply chains and raised fears for food and commodities exports, following a deal with the government. Jose Villagran, vice president of the National Confederation of the Chilean Cargo Transport (CNTC), said the strike would end at 3 p.m. local time.
Thursday, September 3rd 2020 - 08:49 UTC
Brazil with record trade surplus in August, despite an overall fall in global transactions

Brazil obtained a record trade surplus of US$ 6,6 billion during the month of August, the highest for the month since 1989. However overall dropped with exports sliding 5.5% to US$ 17,741bn and imports, 25,1%, to US$ 11,133bn. In eight months the trade surplus reached US$ 36,594bn, the third-best historically in the last forty years.
Wednesday, September 2nd 2020 - 09:50 UTC
Brazil/Argentina spat over non automatic import licenses delaying Mercosur bilateral trade

Brazil expressed its disenchantment with the Argentine policy of delaying the approval of the so-called nonautomatic import licenses which has seen millions of dollars in sales held at the border. This situation has been increasing in recent months, in what is considered a breach of bilateral accords in the framework of Mercosur agreements, and the World Trade Organization, WTO, rules.
Wednesday, September 2nd 2020 - 09:45 UTC
Brazilian economy is back to 2009 size, following a 11,4% contraction in the second quarter

Brazil’s economy shrank in the second quarter by the most on record as anti-coronavirus lockdown measures slammed activity in almost every sector, dragging Latin America’s largest economy back to the size it was in 2009.
Wednesday, September 2nd 2020 - 09:44 UTC
Colombia reopens and tries to reignite the economy after months of restrictions

Airports, bus terminals, restaurants, and gyms reopened in most of Colombia on Tuesday as the nation attempts to reignite its economy following months of restrictions for the coronavirus pandemic. The step expanded previous moves that allowed shops, construction sites, shopping malls, and factories to resume operations in June in most of the country's cities.