Stories for October 2023

Monday, October 9th 2023 - 04:15 UTC
The Fintech Boom in Latin America

After COVID, the trendiest industry in emerging markets has likely been fintech. Financial services have a famously sluggish rate of development, but the pandemic sparked a remarkable digital acceleration that tipped institutions, small and medium-sized companies and even the government toward adopting fintech and making infrastructure investments.
Saturday, October 7th 2023 - 10:17 UTC
Sentence against Peru Libre leader reduced

Peru's Judiciary Friday upheld a prison sentence of three years and a half imposed on leftwing political leader Vladimir Cerrón for corruption, it was reported in Lima.
Saturday, October 7th 2023 - 09:46 UTC
Aerolíneas Argentinas targets Uruguayan market for the summer

Aerolíneas Argentinas will be offering nonstop seasonal services linking Montevideo with Bariloche and Mar del Plata starting Jan. 2 and Jan. 3 respectively, among other changes for the summer announced by the South American country's flag carrier.
Saturday, October 7th 2023 - 09:41 UTC
Uruguayan minister chosen unanimously to head Inter-American Board of Agriculture

Uruguay's Agriculture and Livestock Minister Fernando Mattos was voted unanimously by all 32 attending delegations to chair the Inter-American Board of Agriculture (IABA) for the period 2023-2025 during a convention held in San José, Costa Rica, it was announced Friday. Mattos' candidacy was put forward by the representatives from Argentina, it was also reported.
Saturday, October 7th 2023 - 09:26 UTC
Neverending Ecuador's violence leaves one prosecutor killed, one former mayor kidnapped

The latest episode of Ecuador's seemingly endless violence consisted of the assassination of Babahoyo Prosecutor Genaro R. and the kidnapping of former Durán Mayor Mariana Mendieta de Narváez, in addition to the death of six other prison inmates just over a week before the presidential elections.
Saturday, October 7th 2023 - 09:14 UTC
False bomb threats affect flights from Sao Paulo to Buenos Aires

Argentina's Airport Security Police (PSA) Friday enacted its explosives deactivation protocol at Buenos Aires' Aeroparque Jorge Newbery Airport after two flights inbound from Sao Paulo's Guarulhos were said to be carrying a bomb aboard each. Two simultaneous bomb threats were received at the Aeropuertos Argentina 2000 call center, it was reported.
Saturday, October 7th 2023 - 07:49 UTC
Argentina: Unstoppable “blue” dollar nears AR$ 900

The so-called “blue” (a euphemism for “black market”) dollar traded at AR$ 885 on Friday for a total increase of AR$539 so far this year and AR$ 42 overnight, it was reported in Buenos Aires. At some point Friday, it hit the psychological AR$ 900 landmark.
Saturday, October 7th 2023 - 07:38 UTC
Scotland by election confirms Labour's strong comeback; SNP promises to bounce back

UK Labour “blew the doors off” to take the Rutherglen and Hamilton West seat back from the SNP, leader Keir Starmer has said. Speaking at a victory rally, he said it was “the first step on a very important journey” in Scotland and the UK.
Saturday, October 7th 2023 - 07:32 UTC
Argentina/Brazil bilateral trade continues to fall, contracting 19,5% in September

Trade between Argentina and Brazil reached US$ 2.1 billion in September, marking a 19.5% decline compared to the US$ 2.66 billion recorded in the same month last year. This fact was brought to attention in a report by Argentina’s Chamber of Commerce and Services (CAC), which used official data from Brazil.
Saturday, October 7th 2023 - 07:27 UTC
WTO cuts 2023 global trade growth by half to 0,8%; forecasts a great 3,3% leap in 2024

The World Trade Organization (WTO) expects international trade to grow by 0.8% this year, down from the 1.7% estimated in April. In its updated forecasts released this week, the organization justifies the downgrade with an inflationary environment, rising interest rates in the United States and the European Union, as well as tension in the Chinese real estate market.