Economy

• Tuesday, July 13th 2021 - 09:00 UTC

  Latam expected to grow 5,2% this year but 2,9% in 2022: structural problems remain, ECLAC report

  

  The Economic Commission for Latin America and the Caribbean (ECLAC) raised its average growth estimate for the region in 2021 to 5.2%, reflecting a rebound from the deep contraction of 6.8% registered in 2020 as a consequence of the adverse effects of the COVID-19 pandemic.

• Monday, July 12th 2021 - 08:23 UTC

  Brazil: São Paulo's elderly unable to cope with inflation, study shows

  

  More than 50% of São Paulo's senior citizens interviewed during a survey have admitted they could not make ends meet.

• Monday, July 12th 2021 - 05:09 UTC

  FAO Food Price Index, down 2,55 in June but still 33.9% higher than a year ago

  

  Global food commodity prices fell in June for the first time in 12 months, according to a benchmark United Nations report. The FAO Food Price Index averaged 124.6 points in June 2021, down 2.5% from May, but still 33.9% higher than its level in the same period last year. The decline in June marked the first drop in the Index following twelve consecutive monthly increases

• Saturday, July 10th 2021 - 09:15 UTC

  Argentine Economy Minister wants common tax on multinational companies higher than 15%

  

  Argentina's Economy Minister Martín Guzmán Friday requested that a global tax to be applied to multinational companies was higher than the 15% put forward by the Organization for Economic Cooperation and Development (OECD).

• Friday, July 9th 2021 - 09:55 UTC

  Uruguay insists it has no intention of infringing Mercosur rules, just increasing trade opportunities

  

  The Mercosur trade block, now under the chair of Brazil for the next six months, will be facing one of its most significant potential disruption challenges after the virtual summit with the presidents of the four founding members openly exposing their differences, despite a limited coverage of the event.

• Thursday, July 8th 2021 - 18:09 UTC

  UK: Labour challenges Boris on China, but the PM is “instinctively” against boycotts

  

  British Prime Minister Boris Johnson said he was “instinctively” against boycotts after the main opposition Labour Party urged ministers and the royal family to snub the 2022 Beijing Winter Olympics over human rights claims.

• Thursday, July 8th 2021 - 15:10 UTC

  LATAM Brasil planning to sell nine Boeing 767-300

  

  The LATAM Group has applied to the US courts for authorization to sell nine Boeing 767-300 jets to the company JeTran. All aircraft are part of the Brazilian division of the airline, part of them stored due to the reduction of the flight network.

• Thursday, July 8th 2021 - 09:58 UTC

  Uruguay swears allegiance to Mercosur, but will negotiate independently with third countries

  

  On the eve of Thursday's Mercosur summit, Uruguay informed its partners that it will proceed with negotiations, expecting to reach trade agreements with third parties or blocks, outside of the four founding members group.

• Thursday, July 8th 2021 - 09:56 UTC

  Argentina takes action against foreign oil companies operating on South Atlantic continental shelf

  

  Argentina's Ministries of Foreign Affairs and Energy Wednesday announced sanctions were to be imposed on three companies for operating illegally in the South Atlantic.

• Thursday, July 8th 2021 - 09:48 UTC

  Three companies (two UK and one Israel) involved in Falklands' oil industry, added to Argentina's sanctions list

  

  Argentina announced it has launched a sanctions process against several foreign oil companies, the UK based Chrysaor Holdings Ltd, Harbor Energy Plc, and Israel's Navitas Petroleum for involvement in hydrocarbons activities, with illegitimate Falkland Islands licenses, in the Argentine continental shelf, more precisely at the Sea Lion project in North Malvinas basin