Stories for December 27th 2018

Thursday, December 27th 2018 - 21:59 UTC
Peru's GDP forecast to go up in 2019 thanks to private investment, domestic consumption

Peru's gross domestic product (GDP) is set to expand 3.7% this year and the next, boosted by the good performance of private investment and consumption, according to The Economist.
Thursday, December 27th 2018 - 14:28 UTC
Chile's development comes paired with that of blighted areas

Despute being one the most stable economies in the region, shanty town developments are also on the rise in Chile. Immigration and other factors have contributed to the downside of prosperity.
Thursday, December 27th 2018 - 13:21 UTC
Russia announces successful test of unbeatable Avangard hypersonic missile

Russian President Vladimir Putin Wednesday announced his country had successfully tested a new hypersonic missile named Avangard, which he claimed is impossible to intercept. Putin made the announcement from the National Defence Control Centre in Moscow where he watched a live feed of the missile tests.
Thursday, December 27th 2018 - 13:00 UTC
Argentine gas stations file class action against VISA to bring down fees

The Argentine Federation of Expenders of Naphtha of the Interior (Faeni), Wednesday filed a class action suit in the Buenos Aires courts against Visa Argentina to bring down the abusive fees and payment terms that the latter imposes unilaterally.
Thursday, December 27th 2018 - 12:31 UTC
Argentine Catholic University study shows 1.5 million children in food crisis

Around 1.5 million children are not fed properly amidst Argentina's current crisis, according to the Argentine Catholic University's (UCA) latest study on the matter, which was released Wednesday. The new record means an increase of around 456,000 children from the previous research.
Thursday, December 27th 2018 - 09:20 UTC
Brazil opens 100% ownership of Brazilian airlines to foreign investors

Outgoing President Michel Temer issued an executive order that allows foreign groups to own 100% of a Brazilian airline. Previously, non-Brazilians were limited to 20% of shares. The decision occurs in the midst of a bankruptcy proceeding filed by Avianca Brasil.
Thursday, December 27th 2018 - 09:07 UTC
Lithium boom anticipated in Brazil as reserves are developed in Minas Gerais

Favorable international demand and a recent discovery of lithium reserves in Brazil caused a rush for the metal, used in electrical batteries, reports the Folha de Sao Paulo. Two ongoing projects will elevate Brazil to the status of one of the world's largest lithium-producing countries in the next decade, according to data from the National Agency for Mining, ANM..
Thursday, December 27th 2018 - 09:01 UTC
Venezuela invites Russia to join in gold mining

Venezuelan authorities have offered Russian companies to take part in gold exploration and gold mining in the country, according to Russian Ambassador to Venezuela Vladimir Zaemsky.
Thursday, December 27th 2018 - 08:56 UTC
US citizen becomes first person to cross Antarctica alone and unassisted

A 33-year-old American man has become the first person to cross Antarctica alone and unassisted. Explorer Colin O'Brady finished in 53 days, ahead of British Army Captain Louis Rudd, 49, after an epic race across the ice. Both men set out on 3 November to complete the journey, which killed a British ex-Army officer two years ago.
Thursday, December 27th 2018 - 08:53 UTC
Mount Etna in Sicily hit by a magnitude 4.8 earthquake: 30 people injured

An earthquake with a magnitude of 4.8 hit an area north of Catania on the slopes of Mount Etna in Sicily early on Wednesday, damaging buildings and injuring about 30 people, officials said.