Maduro bets on the digitization of the economy

The President of Venezuela, Nicolás Maduro, reported on his plans to implement the use of a "digital Bolivar" in the country. Despite not offering further details, the national president indicated that "there is a good surprise for the economy and our people", mentioning the use of the possible new…
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BID Annual Meeting will address economic recovery

This March 17, the 61st annual meeting of the Inter-American Development Bank (BID) will take place, where economic and financial leaders will debate through a virtual meeting issues related to economic recovery and sustainable growth in…
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Digital dollar would benefit the US economy

The Secretary of the Treasury of the United States, Janet Yellen, assured that the implementation of a digital dollar would be of great benefit to the economy. In an interview for the New York Times, Yellen also assured that "the Federal…
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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,…