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economy

Revolut officially arrives in Brazil

The British neobank and financial technology company, Revolut, announced its entry into the Latin American market with the launch of its services in Brazil. The firm already offers services to clients in Europe and the United States and has formed a team in Brazil, including the appointment of…

Argentine government will meet with CAF and IMF

The Minister of Economy of Argentina, Sergio Massa, and several members of the department he heads will hold meetings this Thursday with the CAF and the IMF in Uruguay and Washington, respectively, to improve the situation of the lack of…

Cryptocurrencies

China will pay its public employees with digital yuan

The city of Changshu, in China's east China's Jiangsu province, is giving new impetus to the adoption of the digital yuan, China's central bank digital currency (CBDC), by starting to pay public sector employees their salaries in digital…

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Biden and Petro met at the White House

The Colombian president, Gustavo Petro, proposed to his US counterpart, Joe Biden, to take to the International Monetary Fund (IMF) the proposal that the states exchange public debt for climate actions, in an effort to tackle the…

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S&P upgrades Guatemala’s rating to ‘BB’ with stable outlook

S&P has upgraded Guatemala's credit rating to 'BB' from 'BB-' with a stable outlook, saying the Central American country has a "resilient" economy and macroeconomic management will be "cautious" over the next year and a half. According…

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Hague court orders Russia to pay $5 billion in compensation to Naftogaz

The Permanent Court of Arbitration in The Hague issued a landmark ruling ordering Russia to pay a record $5 billion in damages to Naftogaz, the state-owned Ukrainian energy company. The ruling stems from the confiscation of Naftogaz's…

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Lula: “Interest rates are very high”

The President of Brazil, Lula da Silva, once again insisted that interest rates at 13.75 % continue to be "very high" and are detrimental to businessmen who want to increase their investments in the country, being perceived as a figure that…

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Malaysia and China seek to create an Asian Monetary Fund to counter the dominance of the dollar

Malaysian Prime Minister Anwar Ibrahim has proposed the creation of an "Asian Monetary Fund" as an alternative to the dominance of the US dollar and the International Monetary Fund (IMF) on the world financial stage. During a meeting with…

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Eurozone manufacturing PMI marks 4-month lows

The deterioration in factory activity in the eurozone worsened in March, when the purchasing managers' index (PMI) fell to 47.3 points from 48.5 the previous month, its worst reading in four months, according to S&P Global. Market…

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TikTok was fined by the UK for data misuse

Chinese social media platform TikTok was fined £12.7 million (about $15.9 million) in the UK for various offenses, including misuse of children's data. According to a statement issued by the UK Information Commissioner's Office (ICO),…

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World Bank concerned about China’s loans to Africa

The president of the World Bank, David Malpass, affirmed that he views with "concern" the concessions of bank credits that China has granted to several African countries. In an interview, Malpass assured that the terms and conditions of…

Cryptocurrencies

Cryptocurrency companies struggle to access banking services in the UK

Cryptocurrency businesses face multiple difficulties in accessing banking services in the UK. According to various sources, the few banks that still work with cryptocurrencies are increasingly requesting more documentation and information…

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