BBC.- The US is to block key exports from China’s Xinjiang region due to allegations that they are produced using forced labour.
BBC.- China has taken aim at the US saying its tech firms are victims of “naked bullying”.
BBC.- Ministers are planning new legislation that could override a key part of last year’s EU withdrawal agreement.
Bloomberg.- China said it will sanction 11 Americans in retaliation for similar measures imposed by the U.S. on Friday, but the list doesn’t include any members of the Trump administration.
BBC.- Hiring in the US slowed sharply in July as the country struggled to control the coronavirus pandemic.
BBC.- The US economy shrank by a 32.9% annual rate in the April-to-June quarter as the country grappled with cut backs in spending during the pandemic.
BBC.- Gold hit a record high on Monday as increasing numbers of nervous investors sought a safe place to put their money.
BBC.- The future of American companies in Hong Kong has been thrown into doubt after Donald Trump signed an order to end the city’s preferential treatment.
Agencia Andina.- Después de mucho esfuerzo lo logró. La Asociación Forestal Indígena de Madre de Dios (Afimad) concretará mañana la exportación de 96 toneladas de castaña (Bertholleta excelsa) a Estados Unidos, gracias a un contrato con la empresa americana Caro-Nut Company Inc.
BBC.- The US economy created jobs at a record pace in June as firms took on more staff after the coronavirus downturn.
BBC.- The Federal Reserve has warned that America’s biggest banks could be hit by losses of up to $700bn (£563.6bn) in a severe downturn due to the pandemic.
BBC.- The US has threatened new trade tariffs on beer, chocolate and olives from the European Union, as part of a long-running row over subsidies to planemaker Airbus.
BBC.- US President Donald Trump has extended a pause on some green cards and suspended visas for other foreign workers until the end of 2020.
MarketWatch.- President Donald Trump and White House trade advisor Peter Navarro would like to see U.S. companies’ manufacturing operations come back home. Navarro noted recently that the administration is working on a phase-four stimulus package of at least $2 trillion that would focus on strengthening American manufacturing and include incentives for U.S. companies to reshore operations. The goal reportedly is to push legislation through Congress before its August recess.
Agencia Andina.- El Servicio Nacional de Sanidad Agraria (Senasa) de Perú y el Servicio de Inspección de Sanidad Animal y Vegetal (APHIS) de Estados Unidos desarrollan una reunión bilateral con la finalidad de facilitar el intercambio comercial de productos agrícolas entre ambos países.
BBC.- The world’s two biggest economies have become less competitive due to their ongoing trade war, which seems to have no short-term resolution in sight.
BBC.- A former US treasury secretary says public investment will be key as the world recovers from the economic impact of the coronavirus crisis.
BBC.- The unemployment rate in the US improved unexpectedly last month raising hopes that economic damage tied to the pandemic will be less harmful than feared.
MarketWatch.- Two-thirds of Americans are receiving more money from unemployment benefits than they did from their jobs, largely because of a supplemental $600 weekly benefit that’s part of the $2.2 trillion CARES Act.
World Economic Forum.- El turismo es la primera actividad económica de la isla, y el 23% de los que la visitan procede de EE.UU. En un intento de salvar la temporada turística, el Gobierno de Islandia ha decidido abrir sus fronteras a partir del 15 de junio y permitir la entrada de todos los viajeros, también los que procedan de fuera de la Unión Europea.
MIT Technology Review.- Varios economistas coinciden en que la mejor vía para detener al coronavirus y evitar el colapso económico consiste en invertir el dinero en realizar pruebas masivas y frecuentes. Los no contagiados podrían volver al trabajo mientras que los infectados permanecerían aislados hasta que se recuperaran.
BBC.- The chairman of the Federal Reserve says the US economy could “easily” contract by 20-30% amid the pandemic.
MarketWatch.- President Donald Trump on Friday said he’s having “a very hard time with China” and hasn’t decided how to handle the international trade relationship, following a call between top trade representatives of the two nations.
BBC.- A further 3.2 million Americans sought unemployment benefits last week as the economic toll from the coronavirus pandemic continued to mount.
Agencia Andina.- Gracias a la articulación y promoción comercial realizada por Sierra y Selva Exportadora (SSE), a través de la implementación del Plan de Negocio de Habas, pequeños productores del Valle Sagrado de los Incas en la región Cusco concretaron la venta de 20 toneladas de haba seca pelada que será exportada a Estados Unidos.
Bloomberg.- Sell in May and go away? The negative start to the month raises concern that the partial recovery in April is going to be about as good as it gets for risk assets.
BBC.- As policymakers from America’s central bank prepare to meet – virtually – this week, they will be looking to see if the extraordinary steps they have taken to confront the world’s most severe economic crisis since the Great Depression are working.
BBC.- The US Congress has passed a new Covid-19 relief package totalling $484bn (£391bn), the fourth aid bill to clear Congress in response to the pandemic.
Bloomberg.- The Kremlin put on a brave face as prices for Russia’s benchmark crude closed in on levels last seen in a devastating 1998 financial crisis.
BBC.- The price of US oil has fallen to a level not seen since 1999, as demand dries up and storage runs out.