Economy

• Thursday, July 24th 2025 - 08:36 UTC

  Lula and Sheinbaum discuss joint developments

  

  Presidents Luiz Inácio Lula da Silva of Brazil and Claudia Sheinbaum of Mexico held a telephone conversation on Wednesday to discuss strengthening bilateral relations and economic cooperation.

• Wednesday, July 23rd 2025 - 09:35 UTC

  Gopinath leaves IMF to return to Harvard

  

  International Monetary Fund Deputy Managing Director Gita Gopinath announced this week that she will be resigning from her position at the end of August to return to teaching at Harvard University. “I have decided to return to my academic roots,” she explained.

• Friday, July 18th 2025 - 10:43 UTC

  Moody's upgrades Argentina's rating with positive shifting

  

  Moody's has raised Argentina's foreign and local currency credit rating from Caa3 to Caa1, also shifting the outlook from “stable” to “positive.” This upgrade reflects Moody's view that Argentina's broad liberalization of exchange and capital controls, coupled with a new program with the International Monetary Fund (IMF), will improve the availability of foreign currency and ease pressure on external finances.

• Friday, July 18th 2025 - 10:40 UTC

  Paraguay, UK sign “Friendship Charter”

  

  Paraguayan Foreign Minister Rubén Ramírez Lezcano and British Secretary of State for Foreign Affairs David Lammy signed Thursday in London the so-called “United Kingdom-Paraguay Friendship Charter,” committing both nations to enhanced cooperation across five key areas:

• Friday, July 18th 2025 - 10:19 UTC

  Embraer likens Trump's tariffs to Covid-19 slowdown

  

  Brazillian aircraft manufacturer Embraer, the third-largest in the world behind Boeing and Airbus, estimated that the tariffs announced by the United States against Brazil could have an impact similar to that of the Covid-19 pandemic, when the company saw a 30% drop in revenue and had to reduce its workforce by around 20%.

• Friday, July 18th 2025 - 10:07 UTC

  Venezuela records GDP growth above 6% in 2Q of 2025

  

  Venezuelan President Nicolás Maduro announced that his country's Gross Domestic Product (GDP) grew by over 6% in the second quarter of 2025, marking the 17th consecutive quarter of economic expansion, following a 9% increase in the first quarter of 2025. Maduro also highlighted previous growth figures of 9% in 2024, 5.5% in 2023, and a significant 15% in 2022.

• Thursday, July 17th 2025 - 10:40 UTC

  Falklands, Government finally presents delayed 25/26 Budget approved by outgoing Legislative Assembly

  

  The Falkland Islands Government’s (FIG) Budget for 2025/26 has today, 16th July, been approved by the Legislative Assembly, setting a considered and strategic direction to safeguard the long-term financial health of the Islands.

• Thursday, July 17th 2025 - 09:54 UTC

  Venezuela and Colombia discuss joint border trade zone

  

  Venezuelan Foreign Minister Yván Gil met with his Colombian counterpart, Rosa Yolanda Villavicencio, in Bogotá to reinforce bilateral relations between the two South American countries. A key topic was promoting a Binational Economic Zone to boost cross-border trade and the economies of both nations.

• Wednesday, July 16th 2025 - 09:49 UTC

  Brazil eager to avert higher US tariffs

  

  Brazil is actively working to avert the implementation of 50% tariffs on its products by the United States, set to take effect on August 1 as announced by President Donald Trump. Vice President Geraldo Alckmin, along with other ministers, met with leaders from the industrial and agricultural sectors to discuss the severe potential impacts.

• Tuesday, July 15th 2025 - 11:13 UTC

  Indec says June's inflation in Argentina was 1.6%

  

  Argentina's National Institute of Statistics and Census (Indec) reported on Monday that inflation in June was 1.6%, marking the second-lowest monthly figure of the year. This brings the cumulative inflation for the first six months of 2025 to 15.1%. The year-on-year inflation rate stood, thus, at 39.4%.