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.
Bloomberg.- When it comes to predicting or limiting the near-term wreckage that COVID-19 will visit upon the U.S., economists and policy makers can do little to help.
BBC.- The number of Americans seeking unemployment benefits has hit a record high for the second week in a row as the economic toll tied to the coronavirus intensifies.
BBC.- The number of people without jobs in the US has surged to a record high as the economy goes into lockdown due to the coronavirus pandemic.
BBC.- US Treasury Secretary Steven Mnuchin says he supports sending money directly to Americans as part of a $1tn (£830bn) stimulus aimed at averting an economic crisis caused by the coronavirus.
BBC.- The US has cut interest rates to almost zero and launched a $700bn stimulus programme in a bid to protect the economy from the effect of coronavirus. It is part of a co-ordinated action announced on Sunday in the UK, Japan, eurozone, Canada, and Switzerland.
BBC.- Shares have tumbled after US President Donald Trump restricted travel to the US from mainland Europe in a bid to slow the spread of the coronavirus. London’s FTSE 100 index sank more than 5%, with similar declines seen in other European markets.
Bloomberg.- America’s streak of robust job gains is being threatened by a spreading coronavirus that’s roiling financial markets and may exact a growing toll on the U.S. economy.
BBC.- The US central bank has slashed interest rates in response to mounting concerns about the economic impact of the coronavirus. The Federal Reserve lowered its benchmark rate by 50 basis points to a range of 1% to 1.25%.