Economy

Wednesday, March 29th 2023 - 10:51 UTC
Global trade expected to slow down in 2023, but “green goods” will remain strong, UNTAD report

Global trade was worth a record US$32 trillion in 2022, but amid deteriorating economic conditions, financial turmoil and rising uncertainties, growth turned negative in the last half of the year and is set to stagnate in the first half of 2023.
Wednesday, March 29th 2023 - 10:44 UTC
Brazil leading exports depend on China: 70% of soybeans and 63% of iron ore

Brazil’s main trading partner, China, is the destination for over a quarter of total Brazilian exports, involving more than US$90 billion in 2022 in transactions of commodities such as soy, crude oil, and iron ore – products that dominate the bilateral agenda between the two nations.
Tuesday, March 28th 2023 - 11:36 UTC
Poverty in Uruguay down to 9.9% in 2022

According to Uruguay's National Statistics Institute (INE), the number of people under the poverty line reached 9.9% of the population in 2022, an improvement from 2021's 10.6%, it was reported in Montevideo.
Tuesday, March 28th 2023 - 11:08 UTC
China’s strength is largely an illusion

By Gwynne Dyer – Xi Jinping was confirmed in a third term as president of China at the National People’s Congress this month, and not one of the 3,000 delegates voted against him. Why would they? Everything is perfect in the People’s Republic of Oz, and the chief Wizard doesn’t even need to hide behind a curtain.
Tuesday, March 28th 2023 - 10:30 UTC
Relief in the financial sector, North Caroline bank takes over collapsed Silicon Valley bank

The banking turmoil, and fears, seems to be easing as assets and loans of collapsed California Silicon Valley Bank (SVB) are being bought by rival First Citizens BancShares.
Monday, March 27th 2023 - 10:20 UTC
German Chancellor says “no reason to be concerned about Deutsche Bank”, system is stable and resilient

German Chancellor Olaf Scholz said during an EU summit last Friday in Brussels that Europe's banking system is “stable” and “ solid”. The leaders of the Eurozone countries met with the head of the European Central Bank, ECB, Christine Lagarde, to discuss the potential fallsou of several major banks collapsing in the US and Switzerland.
Monday, March 27th 2023 - 10:17 UTC
China reopens market for Brazilian beef exports, following a mad cow case scare

China reopened its market for beef exports from Brazil las week, Thursday (3/23). The information was passed on to the Minister of Agriculture, Carlos Fávaro, and to the Brazilian delegation in Beijing by the country’s General Administration of Customs (GACC).
Monday, March 27th 2023 - 10:00 UTC
Lula postpones visit to China because of pneumonia, but huge Brazilian delegation in business negotiations

Brazil informed Beijing that president Lula da Silva'a official visit to China had to be postponed because the Brazilian leader had contracted influenza and pneumonia. This however has not prevented a major business and investment summit between the two countries to continue in Beijing with the participation of a Brazilian delegation of some 240 members.
Saturday, March 25th 2023 - 10:33 UTC
Falklands retains global A+ investment rating; financial and political stability crucial for the achievement

The Falkland Islands Government is pleased to confirm that, following a detailed review of updated fiscal and economic information, supported by a process of confidential interviews with FIG officers and other stakeholders, including representatives of the business community, S&P Global Ratings have confirmed the sovereign rating for the Falkland Islands remains at A+ with a stable outlook.
Saturday, March 25th 2023 - 10:27 UTC
XXVIII Ibero-American Summit focused on economic recovery

Heads of State and Government convened in Santo Domingo for the XXVIII Ibero-American Summit which is focused on post Covid-19 pandemic economic recovery in a world hit by the conflict between Russia and Ukraine.