F/V Falcon, the latest trawler from the Falkland Islands Fortuna fishing company was launched on Wednesday at the Nodosa Shipyard in Vigo, Spain. The vessel will now undergo further completion works, leading to sea trials later in the year, and ready to join the Falklands' fleet for the first Loligo season, commencing February 2021.
Peru's Congress approved a law that allows citizens to partially draw down their contributions to the state pension fund, a few months after doing the same with the private system and despite fierce opposition from the government.
Argentina has extended a price freeze on mobile, internet, and TV services until the end of 2020 after deeming them “essential public services”. The freeze prevents operators from increasing tariffs unless they receive permission from the country’s government. A price freeze has been in place since May and had been due to expire at the end of August.
IMF Managing Director Kristalina Georgieva, spoke with Argentina President Alberto Fernández on Wednesday, when conversations for a new credit arrangement were launched. The Managing Director made the following statement at the conclusion of the meeting:
Moody's Investors Service, (“Moody's”) has changed the outlook to negative from stable on the Government of Chile and affirmed the A1 long-term local and foreign currency issuer and senior unsecured ratings, and the (P)A1 foreign currency senior unsecured shelf ratings.
Brazilian central bank president Roberto Campos Neto said he has not been sounded out about replacing Economy Minister Paulo Guedes when he eventually leaves his post, and said the whole notion is a “non-issue.”
Italy and China need to forge closer ties, Italian Foreign Minister Luigi Di Maio said on Tuesday, potentially putting Rome at odds with Washington, which has raised alarm over Beijing's economic ambitions.
After Germany’s Chancellor Angela Merkel stated on Friday “considerable doubts” over whether to keep backing the European Union’s (EU) trade deal with the Mercosur due to environmental threats that represent the deforestation in Brazil’s Amazonia, the Association of German Chambers of Industry and Commerce (DIHK) responded defending the agreement that was reached last year.
Bloomberg’s Misery Index, which tallies inflation and unemployment outlooks for 60 economies shows that almost all of the economies surveyed are projected to be more miserable this year amid Covid-19, with analysts expecting increased joblessness and tepid growth.
Argentina is extending a price freeze for TV, Internet, and mobile service until the end of the year, deeming them “essential public services.”