Brazil Economic Activity Gauge Flashes Recession in New Blow. Retail sales negative. Latin America’s largest economy contracted 0.2% in the first three months of the year Mario Sergio Lima. Bloomberg•August 12, 2019 (Bloomberg) — Brazil likely fell into recession in the second quarter according to a key gauge […]
Mexican trade chief slams U.S. demand on tomato inspections as ‘unacceptable’. 1.5 million tomato growers in Mexico at risk. The measure would trigger a logistical “collapse” in cross-border trade. Reuters•August 7, 2019 MEXICO CITY, Aug 7 (Reuters) – A top Mexico trade negotiator on Tuesday slammed a U.S. […]
Turkey is the poster child for what happens when politicians mess with central banks Analysis by Matt Egan, CNN Business. Updated 1:27 PM ET, Mon July 8, 2019 New York (CNN Business) Central banks aren’t perfect, but they work best when politicians aren’t calling the shots. That pillar of monetary […]
Millions of Syrians call Turkey home. An economic crisis is turning them into scapegoats By Gul Tuysuz, CNN Updated 7:16 AM ET, Thu August 8, 2019 Istanbul (CNN) Bahaa, a 33-year-old Syrian textile worker, has a new morning commute. Every day, he makes his way to a workshop […]
Lebanon Newspaper devotes entire issue to ‘wake-up call’ for the country. “Wake Up” Before Its Too Late! That could apply to the whole world. By Tamara Qiblawi, CNN Updated 10:36 AM ET, Thu August 8, 2019 Beirut, Lebanon (CNN) Lebanon’s leading English language daily newspaper published a blank issue […]
India’s car market just had its worst month in 18 years. 1 million jobs are at risk By Rishi Iyengar, CNN Business Updated 12:24 PM ET, Tue August 13, 2019 New Delhi (CNN Business) Just two years ago, India’s huge car market was booming and global players were rushing to invest. Now […]
India’s central bank cuts rates to 9-year low as economy stumbles. Fourth time this year that rates have been slashed. Economy still stumbling. By Rishi Iyengar, CNN Business. Updated 7:54 AM ET, Wed August 7, 2019 New Delhi (CNN Business) India’s central bank has cut interest rates for a fourth time this […]
Pakistan Suspends Trade With India Archana Chaudhary and Sarah Jacob. Bloomberg•August 8, 2019 Pakistan downgraded diplomatic relations and suspended bilateral trade with India after New Delhi revoked seven decades of autonomy for the disputed Muslim-majority state of Kashmir. Prime Minister Imran Khan’s government on Wednesday announced a series […]
South Africa’s finances are in bad shape. It’s running out of time to fix them. August 6, 2019 The Conversation. South Africa’s public finances are in a perilous state. There are four main reasons for this. First, economic growth is low or non-existent. Second, tax revenue collection is repeatedly below forecasts. […]
Zimbabwe’s children suffer from country’s economic crisis. $50/month salaries. 5 million people food insecure. 150,000 children need welfare. 175% inflation. What do we know about the number Five (5)? FARAI MUTSAKA. Associated Press•August 11, 2019 HARARE, Zimbabwe (AP) — It is only a few hours since Zimbabwe’s schools […]
