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Brazil will eliminate diesel taxes

The president of Brazil, Jair Bolsonaro, announced that the government will eliminate federal taxes on diesel for two months, in order to seek the tax exemption indefinitely, and will abolish tax rates on gas permanently. This was…

Japan’s GDP declines after 12 years

The Gross Domestic Product (GDP) of Japan, the world's third largest economy, registered an annual contraction of 4.8 % in 2020, the first since the 2009 financial crisis, despite the 3 % expansion observed in the last three months of the…

Inflation in the US remains at 1.4 % in January

The consumer price index (CPI) of the United States stood at 1.4 % last January compared to the same month last year, so it did not register any change compared to the year-on-year inflation observed during the previous month, according to…
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Huawei expects a new open US policy

The founder and CEO of Huawei, Ren Zhengfei, expressed his wish that the new US government can have a "more open" policy, which would benefit the economy and the US companies themselves. "We hope that the US government can have a more open…
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Chipmakers warn of a global supply shortage

The industry of processor manufacturing companies, among which is the US company specializing in mobile chips Qualcomm, have warned about a shortage of semiconductor supplies that could slow down the production of electronic devices around…
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Argentina and the IMF want an agreement before May

The spokesman for the International Monetary Fund (IMF), Gerry Rice, said that the Washington-based institution will do everything possible to reach a debt agreement with Argentina before May, as suggested by Argentine Economy Minister,…

US GDP could recover by mid-year

The Gross Domestic Product (GDP) of the United States will return to its pre-pandemic levels in mid-2021, while surpassing its potential in early 2025, according to an analysis published by the Congressional Budget Office (CBO) . The…