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Economy News

Covid shrinks Latin American trade for 2020: UN

Santiago - The coronavirus epidemic has triggered the steepest drop in Latin American foreign trade in 2020 since the global financial crisis more than a decade ago, a UN body said Friday.

Biden orders expanded aid to address growing hunger crisis

Washington - President Joe Biden is ordering an expansion of government benefits for hungry Americans, after the coronavirus pandemic ignited the worst food crisis the United States has seen in modern times.

Brazil keeps 2 pct interest rate despite rising inflation

Bras - Brazil's central bank on Wednesday held the country's benchmark interest rate at two percent, concerned that the second wave of Covid-19 infections means the economy still may need a boost despite a rise in inflation.

Alibaba's shares surge as Jack Ma reappears

Bejing - Shares in internet giant Alibaba soared more than eight percent Wednesday after billionaire founder Jack Ma made his first public appearance since November, ending weeks of speculation about his whereabouts after the company took a kicking from Chinese...

Alibaba's Jack Ma appears for first time since regulatory crackdown

Bejing - Jack Ma, the billionaire founder of Chinese internet behemoth Alibaba, made his first public appearance in over two months in an online video Wednesday, ending weeks of speculation about his whereabouts.

Pandemic reveals hidden poverty in wealthy Japan

Apo - Yuichiro welled up as he collected a food parcel at a Tokyo outreach event offering help to the growing number of Japanese pushed into poverty by the coronavirus pandemic."There is no work.

Samsung chief jailed for 2.5 years over corruption scandal

Seoul - The de facto chief of South Korea's Samsung business empire was convicted Monday over a huge corruption scandal and jailed for two and a half years, in a ruling that deprives the tech giant of its top decision-maker.

China GDP grows at slowest pace in more than four decades in 2020

Bejing - China's GDP grew at the slowest pace in more than four decades in 2020, official data showed Monday, but it was still expected to be the only major economy to grow at all after a strong rebound from the coronavirus crisis.

China GDP grows 2.3% in 2020, slowest in more than four decades

Bejing - China's economy grew at the slowest pace in more than four decades last year despite a rebound after the country's coronavirus outbreak, official data showed Monday.The 2.

Major firms urge Japan to bolster 2030 renewables goal

Apo - Major firms including Sony, Panasonic and Nissan on Monday urged the Japanese government to make its 2030 renewable energy target twice as ambitious.

China's 2020 GDP growth slowest in over four decades: AFP poll

Shanghai - China's economy grew last year at its slowest pace since transformative market reforms of the 1970s, according to an AFP poll of economists, but finished the year strongly on an accelerating coronavirus recovery.

German economy braces for second wave impact

Frankfurt Am Main - Official data Thursday are expected to show that the German economy weathered the pandemic better than many nations last year, partly thanks to its resilient manufacturers, but a virus resurgence is fuelling concern for 2021.

Party congress reveals pressures on North Korea: analysts

Seoul - North Korea's twice-a-decade party congress has revealed the extent of the pressures on its struggling economy in the face of the coronavirus epidemic, sanctions, and deadlocked nuclear talks with the US, analysts say.

Italy plunged into political crisis, government risks collapse

Rome - Italy was plunged into political crisis Wednesday after former premier Matteo Renzi withdrew his party from the ruling coalition, risking the collapse of the government in the middle of a raging coronavirus pandemic.

Virus-hit Italy faces political crisis over EU recovery plan

Rome - Italy was facing a fresh political crisis Wednesday after weeks of turmoil in the coalition government came to head in a row over how to spend billions of euros in EU coronavirus recovery funds.Prime Minister Giuseppe Conte's cabinet approved the 222.

Corporate America looks to penalize Trump, Republicans — for now

New York - In his final days in office, the biggest names in American business are dumping President Donald Trump over accusations that he incited the deadly mob attack last week on the US Capitol.

Ford to close all its factories in Brazil 

S - Carmaker Ford said Monday losses exacerbated by the coronavirus epidemic would see it close its three factories in Brazil, where it has operated for a century, terminating some 5,000 jobs.

India IT giant TCS sees profits jump on pandemic demand

Mumbai - India's largest software exporter Tata Consultancy Services saw its quarterly profits climb more than seven percent Friday, citing strong demand for its cloud services as the pandemic boosts remote working.

US suspends tariffs on French goods in digital tax dispute

Washington - Washington has suspended a plan to impose new tariffs on $1.3 billion in French products in a dispute over a digital services tax, the US Trade Representative (USTR) announced on Thursday.

Brazil's president says country is 'broke'

S - With state subsidies to fight poverty now ended, Brazil's far-right President Jair Bolsonaro on Tuesday said his country is "broke" and he is unable to do anything about it, attributing the crisis to "the press-fueled" coronavirus.

'Show must go on': Smooth start for post Brexit Channel freight

Calais - A steady flow of trucks in and out of France helped dispel fears of a chaotic start to Britain's first hours outside the EU customs union, with a high-tech smart border system smoothing crossings by tunnel and sea.

Teachers and lion tamers get same wage under Cuban reform

Havana - Cuban school teachers, journalists, lion tamers and doctors-in-training will earn the same salary under reforms spelled out Thursday and taking effect in the new year.

North Korea prepares for major January party congress

Seoul - North Korean leader Kim Jong Un has chaired a Politburo meeting on preparations for a rare party congress in early January, state media said Wednesday.

Trump, under pressure, signs $900 bn Covid relief bill

West Palm Beach - After delaying for nearly a week and under pressure from all sides, US President Donald Trump finally signed a massive $900 billion stimulus bill Sunday, in a long-sought boost for millions of Americans and businesses battered by the coronavirus pandem...

Revitalizing the local economy with city led support

To help to kick start local economies in the wake of mass unemployment arising from an economy ravaged by the coronavirus pandemic, a number of U.S. cities have decided to go it alone and put in measures to boost businesses.

US Congress fails to agree to boost stimulus checks

Washington - Republicans on Thursday blocked an effort to amend the hard-won pandemic relief package to more than triple direct payments to struggling Americans, something demanded by President Donald Trump.

US Congress fails to agree to boost stimulus checks

Washington - Republicans on Thursday blocked an effort to amend the hard-won pandemic relief package to more than triple direct payments to struggling Americans, something demanded by President Donald Trump.

Trump throws pandemic relief into doubt

Washington - President Donald Trump has thrown a long-awaited pandemic relief package into doubt days before millions of Americans will lose their benefits and face eviction from their homes.

Trump rejects Covid relief bill, calling it 'a disgrace'

Washington - President Donald Trump on Tuesday rejected a massive Covid economic relief package passed by Congress, branding it "a disgrace" in an act of political brinkmanship less than a month before he must leave office and when millions of Americans are sufferi...

Trump rejects Covid relief bill, calling it 'a disgrace'

Washington - President Donald Trump on Tuesday rejected a $900 billion bipartisan Covid stimulus package, calling it "a disgrace" and demanding that lawmakers more than triple relief payments to Americans.
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Polus-Tec Pre-cut plant  on the outskirts of Tokyo imports wood from all over the world and is fully...
Polus-Tec Pre-cut plant, on the outskirts of Tokyo imports wood from all over the world and is fully automated in delivering "pre-cut" beams in Japan's post and beam housing sector. It represents a potential growth opportunity to use hemlock from B.C.'s coast. The plant was visited by delegates on the 2018 Forestry Asia Trade Mission. Japan is B.C.'s third largest market for B.C. wood products.
BC Council of Forest Industries
 Assembly.  Detroit Publishing Company  1923 May 7. Touring Turn-of-the-Century America: Photographs...
"Assembly." Detroit Publishing Company, 1923 May 7. Touring Turn-of-the-Century America: Photographs from the Detroit Publishing Company, 1880-1920.
Library of Congress
Canberra: Bus Depot Markets.
Canberra: Bus Depot Markets.
Stephan Ridgway
Comparison of debt in countries with the Euro as currency
Comparison of debt in countries with the Euro as currency
Reinhart  Schoenholtz  Coronado at the Economic Outlook Forum at NYU Stern on September 3  2014
Reinhart, Schoenholtz, Coronado at the Economic Outlook Forum at NYU Stern on September 3, 2014
Geithner to leave in consideration of family.
Geithner to leave in consideration of family.
UK: HM Treasury entrance
UK: HM Treasury entrance
HM Treasury
For sale sign
For sale sign
Diana Parkhouse (CC BY 2.0)
Hawaii: APEC 2011
Hawaii: APEC 2011
APEC
Eurozone is lost in translation as EU collapses
Eurozone is lost in translation as EU collapses
Occupy London: The piazza of St Paul’s Cathedral
Occupy London: The piazza of St Paul’s Cathedral
Eman Jueid / Aslan Media
Untitled
Donald J. Trump
Occupy London Stock Exchange
Occupy London Stock Exchange
Eman Jueid / Aslan Media
Backus  Schoenholtz  Coronado  and Reinhart at the Economic Outlook Forum at NYU Stern on September ...
Backus, Schoenholtz, Coronado, and Reinhart at the Economic Outlook Forum at NYU Stern on September 3, 2014
The French Stock Market (La Bourse) in Paris
The French Stock Market (La Bourse) in Paris
Sebche on Flick'r
Coronado  Schoenholtz  Reinhart  and Backus at the Economic Outlook Forum at NYU Stern on September ...
Coronado, Schoenholtz, Reinhart, and Backus at the Economic Outlook Forum at NYU Stern on September 3, 2014
US GDP  2010 to 2012
US GDP 2010 to 2012
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
Obama addresses Congress - State of the Union Address 2013
Obama addresses Congress - State of the Union Address 2013
Chuck Kennedy / White House
Canberra: Bus Depot Markets.
Canberra: Bus Depot Markets.
Stephan Ridgway

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