Economy

• Monday, November 27th 2017 - 09:42 UTC

  US proposal to kill net-neutrality rules, faces a tough legal and public opinion battle

  

  The United States Federal Communications Commission formally released a draft of its plan to kill net-neutrality rules, which equalized access to the internet and prevented broadband providers from favoring their own apps and services. A vote in the controversial proposal is scheduled for next month.

• Monday, November 27th 2017 - 09:27 UTC

  PDVSA says it has started to repay interest on two bonds nearing default

  

  Venezuela's state-owned oil firm PDVSA said Friday it has started to repay US$233 million in interest on two bonds nearing default, days before the end of the 30-day grace period. Writing on Twitter, the company announced “the transfer process was started to pay the interest on the PDVSA 8,5% 2020 Bonds and the PDVSA 6% 2022 Bonds.”

• Monday, November 27th 2017 - 06:54 UTC

  New round of EU/Mercosur talks in Brussels: agriculture main concern for France, Ireland, and Poland

  

  Brussels will seek to drive forward negotiations on a far-reaching trade deal with Mercosur this week despite warnings from France and other EU members that they are reaching the limit of the concessions they can tolerate on beef and other sensitive agricultural products, according to a report from the Financial Times.

• Saturday, November 25th 2017 - 23:42 UTC

  UK's post-Brexit plans on food imports quotas criticized by Australia and New Zealand

  

  Australia has criticized UK's post-Brexit trade plans to split quotas of food imports from around the world. EU rules allow for a certain amount of goods to be brought in from countries outside of the Union without charging full tariffs, but after Brexit, the UK and EU want to split these quotas, based on where the goods are mostly consumed.

• Saturday, November 25th 2017 - 08:10 UTC

  EU insists: post Brexit deal conditioned to UK offer of further concessions

  

  UK Prime Minister Theresa May has been given 10 days to offer further concessions on issues including the Brexit divorce bill and the complex matter of the Northern Irish border if she wants European Union leaders to agree to trade talks.

• Friday, November 24th 2017 - 17:55 UTC

  Buenos Aires City generates half of Argentina's travel and tourism GDP

  

  Buenos Aires generates over a half of Argentina´s Travel & Tourism GDP, revealed a new report by the World Travel & Tourism Council (WTTC), Latin America City Travel & Tourism Impact. Latin America City Travel & Tourism Impact is one of a series of reports by WTTC which looks at the contribution of Travel & Tourism to city economies and job creation. The study covers 65 cities, six of which are in Latin America.

• Friday, November 24th 2017 - 17:51 UTC

  Russia bans Brazilian pork shipments alleging presence of additive ractopamine

  

  The Brazilian government will investigate claims by Russian authorities regarding the alleged presence of feed additive ractopamine in pork shipments, the agriculture ministry said in a statement earlier this week.

• Friday, November 24th 2017 - 09:43 UTC

  Argentine minister admits inflation will end 2017 at 21%

  

  Argentina's inflation rate will likely end the year above 21%, Treasury Minister Nicolas Dujovne told reporters on Thursday. The government previously estimated that consumer prices in Latin America's third-biggest economy would rise 17% in 2017.

• Friday, November 24th 2017 - 09:36 UTC

  Temer presents a “softer” pension reform bill hoping for its quick approval

  

  A new version of Brazil’s unpopular pension reform bill presented on Wednesday would require fewer years of contributions by private sector workers to receive a pension, according a draft of the legislation that the government hopes will win approval in Congress.

• Friday, November 24th 2017 - 09:21 UTC

  “Brexit is madness” says Gibraltar CM: instead of looking to the future it looks to the past

  

  Gibraltar’s presence in an increasingly interconnected world means it will not be isolated as a result of Brexit, Chief Minister Fabian Picardo said on Spanish television, even as he described the UK’s withdrawal from the European Union as “madness”.