Economy

• Tuesday, August 9th 2022 - 08:47 UTC

  Brazil's cities have more poor people

  

  The number of people below the line of poverty in Brazil's 22 largest cities has reached 19.8 million in 2021, it was reported Monday by the Pontifical Catholic University of Rio Grande do Sul (PUCRS), the Metropolis Observatory, and the Network of Observatories of Social Debt in Latin America (RedODSAL).

• Tuesday, August 9th 2022 - 08:24 UTC

  South African business analyst joins Falklands Development Corporation

  

  Talent Muzambi joins the Falkland Islands from South Africa, with a wealth of education and over 26 years’ work experience.

• Tuesday, August 9th 2022 - 08:13 UTC

  Political turmoil making Uruguay investment alternative option for Chilean business people

  

  Uruguay is becoming a growing option for Chilean business people and investors given the political climate and favorable economic scenario of the Mercosur member, while conditions in the Pacific nation are rapidly deteriorating under political stress and adverse conditions for business, according to Santiago economic media.

• Tuesday, August 9th 2022 - 08:06 UTC

  Inflation in Chile at its highest level since March 1994

  

  As is happening in the rest of the world, there is no yielding from inflation in Chile, once the showcase of political stability and orthodox economics in Latin America. In effect, the July CPI climbed 1,4% with 8,5% in seven months, and the annual rate reached 13,1% the highest level since March 1994.

• Tuesday, August 9th 2022 - 07:59 UTC

  UK energy prices: record number of people stole electricity last year; another hefty rise in October

  

  The energy situation is hitting UK consumers and figures released by the Home Office show that a record number of people stole electricity in England and Wales last year.

• Tuesday, August 9th 2022 - 07:32 UTC

  Slight improvement in Brazil's inflation forecast

  

  Brazil's Central Bank (BCB) released a new study whereby this year's National Wide Consumer Price Index (IPCA) projections for this year fell from 7.15% to 7.11%, in what became the sixth consecutive forecast reduction.

• Monday, August 8th 2022 - 21:04 UTC

  Punta Shopping mall waiting for technical reviews to decide when to reopen

  

  Managers at the Punta del Este shopping mall (Punta Shopping) that went down in flames over the weekend said they were waiting for a technical assessment before deciding when to reopen and which parts.

• Monday, August 8th 2022 - 20:39 UTC

  Travel resumes to Easter Island, albeit under strict protocols

  

  Travel resumed to Easter Island last week after COVID-19 restrictions. Last weekend, the second regular flight was performed, thus reopening one of the most iconic tourist routes after sanitary measures halted all commercial airline services.

• Saturday, August 6th 2022 - 11:31 UTC

  World food commodity prices dropped significantly in July, FAO report

  

  The benchmark for world food commodity prices declined significantly in July, with major cereal and vegetable oil prices recording double-digit percentage declines, the Food and Agriculture Organization of the United Nations (FAO) has reported.

• Friday, August 5th 2022 - 09:07 UTC

  International reports cast doubts on Argentine peso's exchange rate

  

  Despite Superminister Sergio Massa's announcement that he would not moot for a devaluation of the Argentine peso, banking entities have issued separate reports raising doubts as to the newly-appointed official's strategy, with the spotlight on the exchange rate issue.