The president of the United States Federal Reserve (Fed), Jerome Powell, assured that there are ways for the agency to tighten monetary policy without plunging the country into a recession.
At an event organized in Portugal by the European Central Bank (ECB), the Fed's commission stressed that…
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crisis
Crypto market loses 200 billion dollars in one day
The crypto market is again affected by panic and the first cryptocurrencies lost more than 200,000 million dollars in a single day, in addition to the falls in the main Wall Street indices, where sales have been imposed in recent days.…
Venezuela needs big changes to recover its economy
Venezuela must recognize the "serious ideological and political errors" in which both government officials and opponents have made, in addition to making major changes to regain its place as a prosperous economy in the world. This was…
Oil demand will recover by 2023
Global oil demand will not recover the levels observed before the pandemic until 2023, according to projections by the International Energy Agency (IEA), who warned about the possibility that the oil market "never returns to normal" before…
European Commission monitors increase in bioethanol imports
The European Commission has announced that it will monitor from this Wednesday the evolution of bioethanol imports to the EU, which have increased "significantly" and at "low prices" during the crisis derived from the coronavirus pandemic…
Germany will offer financial support to the aviation sector
In a speech this Sunday in Berlin, the German Minister of Transport, Andreas Scheuer referred to the need to support the aeronautical sector given that it is against the wall, paralyzed, due to the consequences of the coronavirus pandemic.…
European Commission to allocate protection funds to Africa
The European Commission announced that it will allocate € 64.7 million in humanitarian aid to countries in southern Africa to deal with the coronavirus pandemic and extreme weather conditions such as continued drought and other crisis.…
Mendoza: “Venezuela’s decline has been strong”
The president of Empresas Polar, Lorenzo Mendoza, participated in the annual Conindustria congress, where he spoke about the situation of the sector in Venezuela.
"The difficulties that we have experienced all these years in the industrial…
Chile announces closure of five embassies in the world
The Chilean Government will close five embassies: Greece, Romania, Denmark, Algeria and Syria, which will allow savings of approximately $ 5 million annually, in the context of the coronavirus pandemic.
Several media reported that the…
OPEC production increased in April
The Organization of the Petroleum Exporting Countries (OPEC) increased its daily production by 1,789 million barrels during the month of April as a consequence of the expiration of the cut agreement that they had with other oil-producing…
Canada announces retiree aid plan
Canadian authorities announced that they will launch a $ 2.5 billion aid plan for some 6.7 million Canadian retirees and pensioners in the midst of the coronavirus crisis.
The Government explained that those who meet the requirements to…
FED ensures that bank opacity is beneficial
Reducing public information about banks' accounts and balance sheets temporarily during a crisis is a good thing, as it reduces leakage of deposits and investors, according to a study published by the Federal Reserve Bank of New York.
"It…