Economy

Tuesday, December 6th 2022 - 08:30 UTC
Remittances to Latin America and the Caribbean in 2022 grew 9,3% and reached US$ 142 billion, WB report

Remittances to low- and middle-income countries (LMICs) in 2022 grew an estimated 5% to US$626 billion, according to the latest World Bank Migration and Development Brief.
Monday, December 5th 2022 - 10:55 UTC
Mercosur Summit to kick off in Montevideo with CPTPP issue topping the agenda

The 61st Summit of the Southern Common Market (Mercosur) is starting Monday in Montevideo. During the two-day event, Uruguay is to hand over the six-month pro tempore presidency of the group to Argentina.
Saturday, December 3rd 2022 - 13:00 UTC
Shanghai Freight Index shows that rates this month will be at pre Covid-19 pandemic level and sliding

Further slides in the Shanghai Containerized Freight Index (SCFI) are continuing, and it is expected that by mid December, freight levels will be at pre-pandemic levels. Last 18 November SCFI stood at 1,307 points, plunging 74% from an all-time high of 5,110 points on 7 January, and bringing the index near the 1,000 points seen in January 2020, just before the Covid-19 crisis erupted.
Saturday, December 3rd 2022 - 12:02 UTC
Brazil bilateral trade with Qatar has leaped in the buildup to the World Cup

Despite a last shock surprise defeat against Cameroon, Brazil is in the Round of 16 and still standing as one of the favorites to reach the final round of Qatar 2022 World Soccer Cup. And despite its sporting performance, Brazil has had a huge leap in bilateral trade with the buildup to the Qatar event.
Saturday, December 3rd 2022 - 09:40 UTC
Lula to give free rein to economic team, but not too loose

Brazil's President-elect Luiz Inácio Lula da Silva Friday said that whoever is appointed economy minister under him will have the necessary autonomy so long as he or she does not forget who was the one elected for the people to rule the country, which meant that the head of state will not be absent from the most relevant decisions.
Saturday, December 3rd 2022 - 09:01 UTC
Uruguay's INE to update measuring of CPI

Uruguay's National Institute of Statistics (INE) will change the way it measures inflation, starting in December 2022, it was announced in Montevideo this week. The new method means new products and services will be gauged while others are to be sidelined.
Saturday, December 3rd 2022 - 07:00 UTC
Increase in food costs for the average UK household because of Brexit, LSE paper Brexit a

Brexit added £210 to the average British household food bill in the two years to the end of 2021, according to a new academic paper from the London School of Economics (LSE), with price rises hitting the poorest families.
Friday, December 2nd 2022 - 10:56 UTC
Paraguay rules out a Mercosur breakup and calls for consensus on decisions

Paraguayan Foreign Minister, Julio César Arriola, ruled out on Thursday a break up within the Southern Common Market (Mercosur) and ratified that his country supports that the decisions of that integration mechanism be adopted jointly and by consensus.
Thursday, December 1st 2022 - 10:55 UTC
Paraguayan President critical of Uruguay's plan to join other trade blocs

Paraguay's President Mario Abdo Benítez Wednesday said that Uruguay's negotiating trade deals outside Mercosur were detrimental to the South American bloc's “essence.”
Thursday, December 1st 2022 - 10:19 UTC
Milestone UK/Brazil Double Taxation Agreement

The United Kingdom and Brazil signed a Double Taxation Agreement (DTA) this week. The Agreement will provide relief from the double taxation of income in both countries and is the most significant development in the trade relationship between the United Kingdom and Brazil in many years and represents a concrete response to demands from business in both countries