Economy

• Friday, October 7th 2022 - 09:53 UTC

  Latin American economies at pre-pandemic levels but GDPs hide much poverty and inequality

  

  “Latin American and Caribbean economies have recovered their pre-pandemic levels and the region recovered certain feeling of normality, although the overall economy must rebuild to avoid a new cycle of low growth,” points out the latest from the World Bank under the heading of “New approaches to closing the Fiscal Gap.”

• Thursday, October 6th 2022 - 10:38 UTC

  Argentines striving between childhood poverty and indigence, CFK's favorite economist pointed out

  

  Following last week's figures from Argentina's National Institute of Statistics and Census (Indec) pointing out that 50% of the country's children under 15 lived in poverty, researcher Agustín Salvia said the data were “in line with what was expected.”

• Thursday, October 6th 2022 - 10:09 UTC

  Liz Truss after long term gas provision deals with Norway and Qatar

  

  The new government of Liz Truss is focusing in long-term gas deals with Norway, Qatar and other countries, as energy supply has become the priority of the United Kingdom and ensuring heating and lights this winter.

• Thursday, October 6th 2022 - 09:11 UTC

  Mortgage rates in UK on the rise, first time since 2014

  

  Mortgage rates in the UK have been going up for months, but recorded a sharp increase in response to the fall-out from the mini-budget nearly two weeks ago. First-time buyers and those looking to remortgage are affected.

• Wednesday, October 5th 2022 - 19:08 UTC

  Tenants group advances “no empty house” bill in Buenos Aires

  

  An organization claiming to represent Buenos Aires' tenants has submitted a bill before the City Hall whereby idle units are to be put out for rent on a mandatory basis after 90 days.

• Wednesday, October 5th 2022 - 14:51 UTC

  Brazil, with Mercosur partners, plans to become a global rice exporting hub

  

  As India, the world leader in exports restricts rice shipments, Brazil signaled at the World Trade Organization (WTO) that together with Mercosur partners, it is ready to expand exports and help with global food security.

• Wednesday, October 5th 2022 - 10:12 UTC

  EU-Mercosur agreement ratified in 2023? Uruguayan Foreign Minister sees it possible

  

  It's been more than two decades since the negotiations began. Yet, geopolitical conditions have never been favorable to ratify the agreement between the European Union (EU) and Mercosur. However, the Minister of Foreign Affairs of Uruguay, Francisco Bustillo, said Tuesday during a press conference that there is “a window of opportunity” to ratify the accord between the European and South American blocs in 2023, during the pro tempore rulings of Spain and Brazil in each group.

• Wednesday, October 5th 2022 - 09:43 UTC

  Uruguayan exports slump for the first time in two years

  

  Uruguayan overall exports have fallen in September of 2022 for the first time in almost two years. The country still shows an increase of 33.2% so far this year, according to the Union of Exporters of Uruguay's monthly report.

• Tuesday, October 4th 2022 - 09:55 UTC

  Paraguay in the process of switching Taiwan for the Chinese market?

  

  Is Paraguay about to dump Taiwan for China? Landlocked Paraguay and a leading exporter of soybeans and beef, plus an ample surplus of hydroelectric energy, is the only country in South America, and Mercosur member, that still has full diplomatic relations with Taipei, and continues to give its back to Beijing, but this could be changing or in a transition process.

• Tuesday, October 4th 2022 - 09:15 UTC

  Leftwing organizations hold bartering fair in front of Casa Rosada

  

  Social organizations have staged a countertrade fair at Buenos Aires' iconic Plaza de Mayo (in front of Casa Rosada, the Presidential HQ) and at other squares nationwide to protest against what they call the demise of the monthly wage.