Economy

• Tuesday, December 13th 2022 - 09:14 UTC

  Guyana opens offshore oil bidding round to diversify explorers and expand the state role

  

  The Cooperative Republic of Guyana opened a bidding round for 14 oil and gas blocks in its oil-rich offshore, hoping to award exploration contracts by the end of May. Guyana has become home to one of the largest oil discoveries in the last decade, with about 11 billion barrels of oil and gas found by a consortium led by Exxon Mobil.

• Tuesday, December 13th 2022 - 08:48 UTC

  World Bank US$ 200 million to help close the digital divide in Argentina

  

  The World Bank approved a US$ 200 million loan to support Argentina's digital transformation and the closing of the digital divide by expanding the connectivity offer, building a network of data centers, and implementing digital skills training for individuals and enterprises.

• Monday, December 12th 2022 - 18:36 UTC

  United Kingdom calls for global community to continue fight against corruption

  

  At the International Anti-Corruption Conference in Washington DC, the United Kingdom delegation emphasized the need for the global community to continue fighting illicit finance and corruption.

• Monday, December 12th 2022 - 10:28 UTC

  Latin America, the EU's strategic investment target for 2023

  

  Ursula von der Leyen convened the first meeting of the Global Gateway Board on Sunday to review the achievements of the first year of implementation of this plan. The President of the European Commission said the EU wants to counter the new Chinese Silk Road and identify projects for 2023 in Africa, Latin America, the Caribbean, and the Pacific.

• Monday, December 12th 2022 - 09:48 UTC

  Brazil: Cachaça exports hit record figures in 2022

  

  Exports of Brazil's traditional alcoholic beverage cachaça have bounced back following a drop due to the COVID-19 pandemic restrictions, it was reported. A rum made of sugar cane juice and one of the key ingredients of caipirinha, cachaça is currently sold to 72 countries.

• Sunday, December 11th 2022 - 08:30 UTC

  Brazilian central bank keeps Selic rate at 13,75%; anticipates hawkish approach to combat future inflation

  

  The Brazilian central bank maintained the benchmark Selic at 13.75% for a third consecutive meeting this week, as expected by all analysts. It was the last rate meeting before Lula da Silva assumes the country’s presidency on January first.

• Sunday, December 11th 2022 - 08:09 UTC

  China's lockdown policy and global slower demand reflect strongly in foreign trade

  

  Chinese exports fell at the steepest pace in more than two years in November, the latest indication of how COVID-19 restrictions and slumping global demand are stifling the economy.

• Sunday, December 11th 2022 - 07:59 UTC

  Venezuela's minimum monthly wage back below US$ 10

  

  Venezuela's Bolivar fell 17% against the US dollar from less than a week ago, leaving minimum monthly pensions and wages at around US$ 9.20, it was reported in Caracas Friday. Set at 130 bolivars in March, incomes went down 69% this year.

• Friday, December 9th 2022 - 09:51 UTC

  Ships sink in Montevideo Port dock collapse

  

  A floating dock of the Tsakos shipping company in the port of Montevideo, where five ships were under repair, collapsed and two cranes fell into the water Thursday, leading to the partial sinking of three vessels, it was reported.

• Friday, December 9th 2022 - 08:24 UTC

  Egypt joins BRICS' New Development Bank

  

  The government of Egypt announced this week that the country was joining the New Development Bank created by the BRICS bloc.