The poverty rate in Argentina during the second half of 2018 rose to 32%, or six percentage points from the same period the previous year, while 6.7% of citizens are living in a state of extreme poverty or indigence. The data was released by the INDEC Argentina's official statistics bureau on Thursday.
Argentina will increase spending on energy subsidies by more than US$ 100 million this year to compensate gas companies hit by delayed domestic price increases, a source at the nation's energy secretariat said.
In anticipation of the 37th anniversary of the start of the South Atlantic conflict, 2 April 1982, the Argentine football association and Army have organized a raft of events to pay homage to the 649 combatants fallen during the invasion of the British South Atlantic Islands claimed by Argentina.
Business groups have said they are devastated after Parliament's latest rejection of the prime minister's EU withdrawal plan. They urged MPs and the government to find a solution and stave off the nightmare of a no-deal Brexit.
Chinese telecoms giant Huawei said revenues topped US$ 100bn in 2018 despite a US-led campaign against the business on fears it poses a security threat. The firm said revenue for 2018 hit 721.2bn yuan (US$ 107bn), while net profit jumped 25% to 59.3bn yuan.
Single-use plastic items such as straws, forks and knives as well as cotton buds will be banned in the European Union by 2021 following a vote by EU lawmakers last Wednesday as the bloc pushes manufacturers to step up their recycling efforts.
Brazil’s central bank will take its time analyzing the economic impact from an increasing number of shocks from abroad and rising political tension at home that appear to be slowing the government’s reform process, its president said.
Travelers are scrambling to get plane tickets to Brazil now that the country has erased the need for a visa. Australian, Canadian, Japanese and American tourists will no longer need a visa starting June 17, 2019, and a new Kayak survey revealed searches for flights have shown double-digit increases.
Brazil’s jobless rate rose in February for the second straight month, government data showed on Friday, adding to pressure on new President Jair Bolsonaro to reignite a sluggish economic recovery.
A single ticket sold in the state of Wisconsin matched all six numbers in the Wednesday night Powerball drawing to win the third-largest jackpot in U.S. lottery history. Due to strong ticket sales, the jackpot climbed to an estimated US$ 768.4 million at the time of the drawing with a cash option of US$ 477 million.