Some of America's richest people are urging US presidential candidates to back a wealth tax on the super-rich to improve inequality and climate change. America has a moral, ethical and economic responsibility to tax our wealth more, they said in a letter.Add your comment!
Jair Bolsonaro, Brazil’s president, likes romantic metaphors. “Our marriage is stronger than ever,” he said in May after the press speculated that he was at odds with the economy minister, Paulo Guedes. “The marriage ended with no hard feelings,” he said this month after sacking Carlos Alberto dos Santos Cruz, a minister who had said that others in government should be more careful on social media—thus outraging Bolsonaro fans who tweet about the virtues of military rule and the horrors of homosexuality.1 comment
Brazil’s congressional committee on pension reform began debating a revised bill, as president Jair Bolsonaro urged lawmakers to rethink their move to drop his plan to introduce a retirement system based on private savings accounts.1 comment
Argentina’s economy contracted 5.8% in the first quarter of 2019, the country’s statistics agency said on Wednesday, a reflection of the biting recession that has hammered domestic consumption and production.1 comment
The head of Brazilian state development bank BNDES has submitted a letter of resignation amid public tensions with president Jair Bolsonaro, reflecting the serious divisions that continue to plague the administration’s upper echelons.1 comment
China's industrial output growth unexpectedly slowed to a more than 17-year low in May, while investment also cooled, in the latest sign of weakening demand in the world's second-largest economy as United States ramps up trade pressure.
The Brazilian economy’s ability to emerge from its current funk and return to “more robust” levels of growth largely hinges on the approval and implementation of fiscal reforms, the central bank’s deputy governor said in London.
Uruguay is experiencing, in recent months, a marked drop in investment and the generation of employment. Uruguayan Economy Minister Danilo Astori admitted Wednesday the fall of public accounts, with an annualized fiscal deficit in April that was 4.8% of GDP, and opted to provide greater incentives to investors and entrepreneurs. The Uruguayan press accuses the government of betting on the hope that the results will begin to be felt in the second half of the year, as it was heard a while ago in Argentina under the administration of President Mauricio Macri.
United States President Donald Trump emerged from a meeting on Tuesday with outgoing British Prime Minister Theresa May talking up a “phenomenal trade deal” between the two countries once the United Kingdom leaves the European Union. But he also hinted that any such deal would have to include opening up Britain's cherished National Health Service (NHS) - a proposition certain to stir controversy.
The World Bank slashed its global growth forecasts for this year in a report released on Tuesday that portrayed a world gripped by deepening trade conflict, tumbling confidence and increasingly skittish investment. Although the global development lender currently expects a modest recovery 2020 and 2021, the bank said in its semi-annual report that a lot will have to go right for this to happen.