Economy

• Wednesday, August 30th 2023 - 08:41 UTC

  Loss of sea ice causes catastrophic breeding failure for emperor penguins

  

  Emperor penguin colonies experienced unprecedented breeding failure in a region of Antarctica where there was total sea ice loss in 2022. The discovery supports predictions that over 90% of emperor penguin colonies will be quasi-extinct by the end of the century, based on current global warming trends.

• Wednesday, August 30th 2023 - 08:25 UTC

  World's top car manufacturer Toyota, suspends work in all Japan plants due to a “system malfunction”

  

  Toyota announced Monday the temporary suspension of operations in all 14 of its manufacturing plants in Japan due to a system malfunction on Tuesday. The issue did not seem to stem from a cyber-attack and the problem was being investigated, said company spokesperson Sawako Takeda. 

• Wednesday, August 30th 2023 - 08:02 UTC

  Brazil closely monitoring evolution of Chinese economy: real estate sector linked to iron ore exports

  

  Brazil is keeping close track of events and performance of the Chinese economy, particularly those areas that might have an impact on the exports of the leading and largest South American economy.

• Tuesday, August 29th 2023 - 10:30 UTC

  Uruguayan businessmen concerned over shopping trips to Argentina

  

  Uruguayan businessmen have expressed their concern after over 100,000 residents crossed the border over to Argentina during the three-day Aug. 25 Independence Day long weekend to capitalize on a favorable exchange rate, it was reported on both shores.

• Tuesday, August 29th 2023 - 10:02 UTC

  Brazil: Temporary tax on the super-rich enacted

  

  Brazilian President Luiz Inácio Lula da Silva Monday enacted a provisional measure (MP) providing for the collection of taxes of between 15% and 20% on exclusive funds with a single shareholder, Agência Brasil reported.

• Tuesday, August 29th 2023 - 09:41 UTC

  New financing deal reached for trade between Argentina and Brazil

  

  Argentina's Economy Minister and presidential candidate Sergio Massa Monday announced after a meeting with his Brazilian colleague Fernando Haddad and with President Luiz Inácio Lula da Silva that an agreement had been reached to finance imports worth US$ 600 million, among other achievements.

• Tuesday, August 29th 2023 - 09:17 UTC

  Paraguayan banana exporters concerned over Argentina not paying for shipments

  

  Paraguayan banana exporters met Monday in Asunción with Foreign Minister Rubén Ramírez Lezcano to seek help from the government in order to collect the debt from Argentine buyers who are behind in their payments of some US$ 6 million, it was reported. The producers fear the problem might get worse if no action is taken.

• Tuesday, August 29th 2023 - 06:55 UTC

  Panama Canal restrictions expected to last for at least ten months; large containers to reroute to Suez Canal

  

  Global shipping has been urged to share transit plans at one of the world’s key maritime crossings following on Panama Canal Authority officials warning that water-conserving restrictions will be in place for at least the next 10 months, given this year's unprecedented drought which Panama is experiencing.

• Tuesday, August 29th 2023 - 06:28 UTC

  Chile expects a larger cherry harvest this season and increasing exports 20% is the goal

  

  Spring and summer are coming to the southern hemisphere and the Chilean Fruit Exporters Association, Asoex, anticipated that with the new season, the country can comfortably target a 20% target increase for Chilean cherries, (November to February).

• Tuesday, August 29th 2023 - 06:25 UTC

  Argentina has a medium term lithium export annual target of 400,000 tons

  

  Lithium exports from Argentina are poised to increase in the coming years, specifically from 34,000 tons to 400,000 tons of lithium carbonate, as mentioned by the Mining Secretary, Fernanda Ávila in Buenos Aires.