Economy

• Tuesday, April 4th 2023 - 22:07 UTC

  Dramatic report from the World Bank, on long term growth

  

  The World Bank warned of a slow-growth crisis in the global economy that could persist over the coming decade unless governments worldwide adopt what it calls “sustainable, growth-oriented policies.” The dramatic document is titled “Failing Long-Term Growth Prospects.”

• Tuesday, April 4th 2023 - 21:30 UTC

  Brazil ready to supply Argentina with soybeans for the its crushing industry

  

  Brazil has enough potential to supply up to half of the soybeans that Argentina will import to keep its industrial park running in the face of the historic drought that ravaged the 2022/23 crop in the country, which is usually the largest exporter of soy oil and soy meal in the world.

• Tuesday, April 4th 2023 - 09:41 UTC

  Twitter stunt by Elon Musk results in cryptocurrency soaring

  

  Twitter adopting Dogecoin's Japanese Shiba Inu dog symbol as the brand's logo resulted in an increase in value of over 26%, it was reported.

• Monday, April 3rd 2023 - 09:50 UTC

  UK economy just avoided recession in 2022, pushed by 0,1% growth in fourth quarter

  

  The UK economy avoided recession in the second half of last year, posting 0.1% growth in the fourth quarter. The original estimate for GDP, between October and November, released by the Bank of England in mid-February had shown zero growth.

• Monday, April 3rd 2023 - 09:24 UTC

  China and Brazil reach accord to trade with their own currencies, avoiding the US dollar

  

  China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as a common currency, the Brazilian government said on Wednesday, March 29. China has become Brazil's main trading partner.

• Sunday, April 2nd 2023 - 14:30 UTC

  Applications for ocean floor mining opened, but no mining code yet approved

  

  Following two weeks of negotiations, the United Nations International Seabed Authority has decided that it will start taking permit applications in July from companies that want to mine the ocean's floor.

• Sunday, April 2nd 2023 - 10:09 UTC

  UK strikes deal to join major free trade bloc in Asia-Pacific, including Chile, Peru and Mexico

  

  The UK announced on 31 March the conclusion of trade talks with member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a vast free trade area spanning the Asia-Pacific, after 21 months of negotiations. The bloc is home to over 500 million people and will have a total GDP of £11 trillion once the UK joins.

• Saturday, April 1st 2023 - 10:39 UTC

  IMF okays US$ 5.4 bn disbursement for Argentina

  

  The International Monetary Fund (IMF)'s Executive Board Friday approved the fourth review of last year's Extended Facilities Program with Argentina, after which a US$ 5.4 billion disbursement for the South American country was cleared to proceed, it was reported in Washington DC.

• Friday, March 31st 2023 - 16:04 UTC

  Two-thirds of high-net-worth individuals investing in Uruguay are Argentinean: see details

  

  The sector of investment advisors and portfolio managers in Uruguay grew in the number of clients and employees last year. This sector currently manages the money of 36,170 clients, 63% of whom are Argentine, with a total of US$ 28.93 billion invested in different instruments.

• Friday, March 31st 2023 - 15:36 UTC

  54% of Uruguayans reject social security reform

  

  The Uruguayan government has passed a social security reform bill in the Senate. However, objections from the Cabildo Abierto party, a partner of the ruling coalition, have generated uncertainty about its implementation.