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.
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.
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.
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.
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.
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.
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.
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.
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.
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.