Governatives

The president of the Brazilian Chamber has backtracked on the decision, announced just twenty-four hours earlier, to suspend the impeachment process of President Dilma Rousseff. With a sensational turnaround, avoiding an institutional battle destined to end up before the Supreme Court, Waldir Maranhao, Acting President of the Chamber of Deputies, has said in a statement that "reconsider" the decision to cancel the vote of April 17, when MEPs approved the start of impeachment proceedings.

The Senate President Renan Calheiros had already decided, however, that the impeachment process of President – accused had "adjusted" the Public Accounts to present the best to the voters that, in 2014, had to confirm it in the second mandato- would follow its course tomorrow in the plenum of the "upper house", ignoring the order of Maranhao.

At the end of April 2016 Swiss unemployment fell by 0.1% compared with March, to stand at 3.5%. With the regional employment offices (Urc), are enrolled 149’540 unemployed, 5’784 less than in the previous month.

The data published today by the Secretariat for Economic Affairs (Seco), however, show that, compared with April of the previous year, the unemployment rate increased by 6% or 8’409 units.

In Ticino, the unemployment rate at the end of April stood at 3.6% decreasing by 0.3 points from the previous month. In contrast to the general situation in Switzerland, this value is lower than that recorded last year (-0.1 percentage points). On average over the past 12 months were 6’041 registered unemployed amounted to a 3.8% rate, which is less than the annual average value for 2014 and equal to that of 2015.

In March, industrial orders in Germany were up by 1.9% on a monthly basis. The figure was much worse than analysts’ estimates, which showed a monthly increase of 0.7%. Orders have benefited from the increase of consumer goods, which in the period under review showed an increase of 4%.

Saudi Arabia does not intend to change its oil policy. Assures the new Minister of Energy, Industry and Mining Resources, Khaled al-Faleh, who took over from veteran Ali al-Naimi said Riyadh and "strengthen its more reliable energy supplier position world". Analysts at the time, waiting for the reaction of the markets.

In office since 1995, the former minister has been replaced by the Minister of Health and Chairman of the Aramco oil giant, al-Falih: the shift goal of such an important minister in the Arab country is to improve the fortunes of the economy hit hard by the collapse in oil prices.

The greek parliament approved yesterday in the evening further austerity measures to release the second tranche of the third floor of international aid to 86 billion euro before extraordinary Eurogroup today.

The green light applies in particular to the stabilization (and resulting savings) of the pension system and an increase in taxes for a total 3.6 billion euro, measures that are part of a wider package of 5.4 billion Euros agreed with the ‘ EU and the international Monetary Fund (IMF).

Back to rise the price index in Switzerland, showing signs of recovery, also because of the recovery in oil prices.

Inflation in April marked a clear recovery, reporting a monthly increase of 0.3%, as the previous month, surpassing expectations that indicated a more modest growth of 0.1%. The trend change stood at -0.4%, still indicating a deflationary trend, but best of -0.9% the previous month and 0.6% expected.

The President of the EP Martin Schulz interviewed on Italian radio, said he was not concerned about the hot topic of the June referendum in the United Kingdom.

Schultz stated that there is a two-speed, but rather "multi-speed Europe: there are those who want to enter and those who want to quit." This has provided a cushion to talk Brexit, but the number one assembly in Strasbourg showed more concern for issues pertaining Eurozone.

The currency reserves of the Swiss National Bank (SNB) rose in April by 1.9% compared to the previous month, the increase was of 11.1 billion Swiss francs for a total of 587.6 billion.

It indicates how much the institute of emissions in a statement on the official website. The revaluation is partly due to the stronger euro, spent over a month from 1.0910 to 1.0990 francs. The single currency is more than 40% of foreign exchange reserves of the SNB. The dollar, about a third of the total, has not however made significant movements.