If you’ve been on holiday and missed the beyondbrics content this week, now is your chance to catch up, with the ten most popular stories from the blog, a few things we’ve learnt and a chart. Read more
To some, Ecuador’s President Rafael Correa might have not been a publicly strident critic of the US compared to key allies such as Venezuela’s Hugo Chávez and Bolivia’s Evo Morales.
Still, during his six years in office he has kicked out both a US ambassador and a US military base from his country. Now, he has granted asylum to one of his anti-American fellows fearing extradition to the US, WikiLeaks founder Julian Assange.
With this latest move Correa, an economist, surely knows he has offended the US and quite likely the EU and that he might have to brace for some commercial retaliation. Read more
The news could hardly be better for the government of Brazil’s President Dilma Rousseff. After months of egging the economy on with a mix of protectionist and stimulus measures and heady rhetoric, finally some results.
Not only has the central bank’s forward indicator on gross domestic product indicated stronger growth in June than expected but retail sales and job creation have also come in better than expected. Read more