Today, as part of a raft of recovery measures designed to support businesses and stimulate economic growth throughout the Falkland Islands during the global pandemic, the island’s government (FIG) is pleased to announce the launch of the Tourism Recovery Incentive Programme – or ‘TRIP’.
The International Monetary Fund said more public spending will be needed to complete the economic recovery from coronavirus, joining central bankers and finance leaders who are urging governments to set aside fears about mounting debt for now.
Panama is the latest country to offer travelers a COVID-19 test when they arrive at its main airport, a little less than a week after resuming international flights following a seven-month suspension due to the pandemic.
Anglican archbishops warn about Brexit as the Internal Markets Bill will be discussed in House of Lords
The UK's five Anglican archbishops have warned the government that its new Brexit bill could set a “disastrous precedent”, in a rare joint letter. The Internal Markets Bill could damage the relationship between the UK's four nations, the five, including Archbishop of Canterbury Justin Welby, write in the Financial Times.
The American Chamber of Commerce in Brazil, (AmCham Brasil) released the ‘Brazil-United States Trade Monitor’, which pointed out that bilateral trade in 2020 between Brazil and the United States until September registered the worst result of the last 11 years.
New Zealand's next parliament is set to be the most inclusive ever, with several people of color, members from the rainbow communities and a high number of women. The ruling Labour Party was handed a resounding mandate in the election over the weekend, as voters rewarded Prime Minister Jacinda Ardern for her decisive response to COVID-19.
China stepped up its economic recovery in the third quarter from the coronavirus shock but missed forecasts, pointing to continued challenges for one of the few drivers of global growth this year.
Argentine president confident in the ruling coalition unity to face challenges, despite signs of rifts
Argentina’s ruling coalition is showing signs of strain just 10 months into power, further complicating the nation’s challenge to climb out of a deep recession while President Alberto Fernandez’s popularity dives.
Argentine Economy Minister Martin Guzman said on Friday the country has the necessary instruments to maintain the current exchange rate policy, despite tumbling foreign reserves and a ballooning gap between the official and informal peso exchange rates.
Brazilian iron ore exports increased by 18.5% in September compared to the same period last year, to 37.86 million tons, after Vale increased the pace of production. The volume shipped last month is the biggest since December 2015, when Brazil exported a monthly record of 39.5 million tons, according to the Ministry of Industry, Foreign Trade and Services.
Ratings agency Moody’s cut the United Kingdom’s debt rating on Friday over the huge economic hit from the coronavirus crisis, Brexit and the lack of clear budget plans from Prime Minister Boris Johnson’s government.
The Brazilian government is set to discuss a proposal that would temporarily eliminate tariffs on corn and soy imports from countries outside the Mercosur trade bloc, as recently happened with rice, a staple of the Brazilian diet.
Argentina wants energy firms to invest some US$ 5 billion to boost hydrocarbon production and generate jobs in the country's prized Vaca Muerta shale play, as well as to bring in much-needed foreign currency.
Countries of Latin America and the Caribbean must continue to ratchet up stimulus to beat back the devastating economic impacts of the coronavirus pandemic, the UN agency ECLAC said in a report issued this week.
Brazilian exports of chicken, pork, and beef continue to be in high demand in 2020, according to data from the Brazilian Animal Protein Association (ABPA) and the Brazilian Meat Packers Association (ABRAFRIGO). In September, however, while exports of beef and pork registered a positive performance in relation to the same month of 2019, chicken exports fell 2.3%.
Argentina's inflation accelerated slightly in September from August as some easing of quarantine restrictions allowed the economic activity to begin to recover. The consumer prices rose 2.8% in September and increased 36.6% from a year earlier, Argentina's Indec statistics agency said on Wednesday.
“Argentina faces very dramatic challenges, the country is in deep recession and social conditions are worsening”, was the response of IMF chief Kristalina Georgieva when asked about the difficult challenges faced by Argentina and if the current government has the political will and consensus to move forward with a plan to restore confidence.
Support for Scottish independence from the United Kingdom has risen to a record high of 58%, an Ipsos Mori poll released on Wednesday suggested. The poll of 1,045 adults aged over 16 across Scotland, conducted from Oct 2 to 9, saw only 42% back staying in the union once undecided voters were stripped out.
Women and minorities, who have been affected by pandemic-related job losses, will need help getting back to work as more economic activity shifts to sectors less dependent on face-to-face interaction, Dallas Federal Reserve President Robert Kaplan said on Wednesday.
The International Monetary Fund (IMF) forecasts that the Argentine economy will fall by 11.8% this year, and rebound by 4.9% in 2021, the credit agency announced. This was stated in the Economic Outlook Report (WEO) called "A long and difficult road uphill", where as a result of the pandemic it estimated a fall in world GDP of 4.4% and a recovery of 5.2% by 2021.