Economy

• Thursday, November 11th 2021 - 09:48 UTC

  Castillo wants to sell Peru's presidential airplane

  

  Peru's President Pedro Castillo Terrones Wednesday announced he would put the presidential aeroplane up for sale in a move towards financial austerity.

• Thursday, November 11th 2021 - 09:30 UTC

  Unofficial US dollar crosses 200-peso threshold in Argentina

  

  As next Sunday's mid-term elections loom over and the government of President Alberto Fernández seems headed for inevitable defeat, desperate Argentinians turned to the currency black market to convert their volatile pesos into US dollars, thus piercing the psychological AR $ 200 threshold for the first time.

• Thursday, November 11th 2021 - 09:07 UTC

  Venezuelan workers demand better salaries

  

  Venezuelan workers Wednesday took to the streets Wednesday to demand a change in the country's policies together with better pay for them and their families.

• Wednesday, November 10th 2021 - 09:38 UTC

  Bill allowing Chileans to withdraw yet another 10% of pension savings does not make it through the Senate

  

  A bill authorizing Chileans to make a fourth withdrawal of pension funds to cope with economic shortcomings due to restrictive measures taken during the fight against COVID-19 has failed to make it through the Senate.

• Wednesday, November 10th 2021 - 09:34 UTC

  Brazil's STF poised to terminating Bolsonaro's secret funds

  

  Brazil's Supreme Federal Court (STF) looked poised Tuesday to bring the existence of confidential funds to an end. According to this mechanism dating back to 2020, a parliamentarian acts each year as “budget rapporteur,” suggesting federal agencies where and how to spend that money.

• Wednesday, November 10th 2021 - 09:26 UTC

  China in 20 years has become the world's factory and leading trade partner

  

  China has increased its global trade ninefold in the twenty years since joining the World Trade Organization, WTO, well ahead of the United States, according to the UN Conference on Trade and Development, UNCTAD.

• Wednesday, November 10th 2021 - 09:15 UTC

  LATAM releases 3Q results: despite losses of US$ 692 million, business picking up and costs down

  

  LATAM reported on Tuesday that during the third quarter of this year it registered a net loss of US$ 691.9 million, due to the costs of maintenance and the expenses of the restructuring carried out by the pandemic.

• Wednesday, November 10th 2021 - 09:14 UTC

  WTO speeds fisheries subsidies negotiations ahead of end of the month ministerial conference

  

  The World Trade Organization chair of the fisheries subsidies negotiations, Ambassador Santiago Wills of Colombia, introduced a second revision of the draft negotiating text to be used as the basis for clause-by-clause discussions among members aimed at resolving remaining differences ahead of the 12th Ministerial Conference (MC12) to be held on 30 November to 3 December.

• Tuesday, November 9th 2021 - 20:40 UTC

  UK adds brands of COVID-19 vaccines to list of treatments admitted for travelers

  

  Health authorities from the United Kingdom have added Sinovac, Sinopharm Beijing and Covaxin to the list of immunizers to be accepted in order to spare incoming travelers a mandatory quarantine.

• Tuesday, November 9th 2021 - 16:00 UTC

  Venezuela's inflation slowing down but still very high

  

  Inflation in Venezuela for October of 2021 was 8.1%, for a YoY record of 1,258%, according to a report from the Venezuelan Observatory of Finance (OVF) released Monday.