Economy News

Economic news and business

EU and Mercosur Aim for January Signing of Landmark Trade Deal
Economy December 19, 2025
European Commission President von der Leyen indicated that a brief extension is being used to align all parties, paving the way for final approval.
Venezuela’s State Oil Company Says Exports Continue Despite U.S. Blockade
Economy December 18, 2025
PDVSA declared its export operations remain fully functional despite the U.S. announcement of a naval blockade intended to halt Venezuelan oil shipmen...
Bolivia ends fuel subsidies, raises minimum wage
Economy December 18, 2025
The Bolivian government has introduced a new economic package that includes the removal of longstanding fuel subsidies alongside a rise in the nationa...
Argentina Overhauls Currency Policy Amid Persistent Inflation Crisis
Economy December 16, 2025
According to the government, the move is designed to stabilize the economy and accumulate reserves and has earned praise from the IMF as an “importa...
IMF Advises Botswana Against Increasing De Beers Stake
Economy December 14, 2025
The International Monetary Fund (IMF) has cautioned Botswana to reconsider its plan to increase its stake in De Beers, warning about the country’s f...
IMF Pushes Botswana for Swift Fiscal Reforms
Economy December 14, 2025
The International Monetary Fund is pushing for urgent reforms as the nation grapples with 28% unemployment and a 38% rate among its youth.
China’s Grain Harvest Hits Record 714 Million Tons in 2025
Economy December 13, 2025
The nation reports its highest-ever annual output, securing food supply and marking another year of stable growth in agricultural production.
Chile’s $104.5 Billion Mining Plan Aims to Boost Global Copper and Lithium Supply
Economy December 12, 2025
The ambitious 2025-2034 investment pipeline, however, hinges on overcoming hurdles: consistent rules, streamlined permits and a more favorable politic...
China’s Trade Surplus Soars Past $1 Trillion, a Record High
Economy December 8, 2025
China’s trade surplus has surpassed $1 trillion for the first time, reaching an unprecedented milestone that underscores its formidable export stren...
Argentina’s manufacturing sector faces crisis following new wave of shutdowns and layoffs
Economy December 7, 2025
In over two years in office, President Milei has taken a series of measures that have made it cheaper and easier for companies to import merchandise a...