Economy

Tuesday, August 26th 2008 - 21:00 UTC
Fossil fuel subsidies and growth: UN changes criteria

Challenging the widely-held view that fossil fuel subsidies benefit the poor, a new report by the United Nations Environment Programme, UNEP, calls for cutting back on such mechanisms to curb on greenhouse gas emissions and propel economic growth.
Tuesday, August 26th 2008 - 21:00 UTC
World poverty down: 1.4 billion lives on less than USD 1.25

The World Bank said improved economic estimates showed there were more poor people around the world than previously thought while also revealing successes in the fight to overcome extreme poverty.
Monday, August 25th 2008 - 21:00 UTC
US beef and chicken for satisfied Chilean consumers

The first shipment of United States beef began to be sold last Friday by a chain of Santiago de Chile supermarkets, further diversifying the country origin of market suppliers.
Monday, August 25th 2008 - 21:00 UTC
Paraguay set to double farm output in “next few years”

Paraguay Mercosur junior member and one of the poorest countries in South America (per capita income 4.500 US dollars) has gained more from world soaring food prices in terms of the boost to its trade balance than any other nation in the region.
Monday, August 25th 2008 - 21:00 UTC
Indigenous Brazilians still suffering inequalities, says UN

Brazil's indigenous peoples still struggle to exercise real control over their lives and lands, despite some advances in their conditions and the Government's commitment to improve the situation, a United Nations human rights expert said on Monday after wrapping up a 12-day visit to the South American country.
Monday, August 25th 2008 - 21:00 UTC
Central bankers can only agree that storm is not over

World central bankers and scholars at the United States Federal Reserve's annual retreat in Wyoming, last weekend couldn't agree on how to prevent a repeat of the current financial crisis and credit crunch.
Sunday, August 24th 2008 - 21:00 UTC
Chile announces one billion US dollars tax-cut package

Chile announced Friday a one billion US dollars tax-cutting package aimed at curbing inflation, which is running at 14 year highs, and boosting growth. Measures include temporary reduction of tax on fuel and tax cuts on checks and electronic transfers.
Friday, August 22nd 2008 - 21:00 UTC
The Economist: “Clouds gather again over the Pampas”

After six years of rapid growth, Argentina's economy is at a familiar turning-point, in which the president's refusal to change course threatens to make it poorer
Friday, August 22nd 2008 - 21:00 UTC
Uruguay: Organic wool has become the great challenge

There is a strong growing demand in the world for “organic” wool and consumers are willing to pay a bonus, which is a promising advantage for Uruguay and its textile industry, said Pedro Otegui, one of the country's leading wool and textile exporters.
Friday, August 22nd 2008 - 21:00 UTC
China, net food importer in cash terms so far this year

China became a net food importer in money terms in the first half of this year, as soaring food prices ate into its traditional surplus in agricultural goods. The swing into deficit largely reflects the surge in prices of commodity staples such as grain and soybeans.