Economy

• Saturday, April 3rd 2021 - 08:40 UTC

  Suez Canal Authority will seek over US$ 1bn in compensation for Ever Given crisis

  

  Egypt's Suez Canal Authority (SCA) will seek over ask for more than 1 billion dollars in compensation for the losses caused by mega-ship Ever Given blocking traffic in either direction after running aground sideways.

• Thursday, April 1st 2021 - 09:49 UTC

  US State Department critical of Argentina in annual report

  

  The US State Department was particularly critical of Argentina in its annual report on the state of human rights in the world in 2020 released Tuesday.

• Tuesday, March 30th 2021 - 09:56 UTC

  Lacalle gets vaccinated – insists on need for flexibility on the part of Mercosur

  

  Uruguay's President Luis Lacalle Pou Monday stood by the words he said during Friday's virtual Mercosur Summit which led to a rife with his Argentina counterpart Alberto Fernández.

• Tuesday, March 30th 2021 - 09:00 UTC

  Significant post-Brexit Chile tour by Lord Mayor of London revealed

  

  The British government Tuesday revealed that William Russell, the Lord Mayor of The City of London, paid a virtual visit to Chile on 9 and 10 March to strengthen trade links with the South American country.

• Monday, March 29th 2021 - 09:24 UTC

  Ever Given released from Suez Canal but too early to speak of traffic resumption

  

  Rescue efforts to unlock the Panama-flagged mega-ship Ever Given from the Suez Canal finally proved successful early Monday, Egyptian authorities confirmed. But it was too soon to know when traffic through the vital waterway might resume.

• Saturday, March 27th 2021 - 08:47 UTC

  Argentina's exports rise 9.1% year-on-year, but for smaller volumes

  

  Argentina's National Institute for Statistics and Census (INDEC) Friday announced the country's exports increased 9.1% since March 2020, while imports went up 16.4% for the same period of time, for a combined foreign trade worth of US $ 8,488 million, 12.1% above last year's figures.

• Friday, March 26th 2021 - 10:03 UTC

  Brazil: over 100,000 new Covid-19 infections detected in just one day

  

  More than 100,000 Sars-CoV-2 infections in a 24-hour period were reported Thursday in Brazil for the first time since the beginning of the Covid-19 pandemic which has already killed over 300,000 people nationwide.

• Thursday, March 25th 2021 - 08:00 UTC

  Severe impact on world commerce: traffic at Suez Canal blocked as megaship runs aground

  

  A Panama-flagged cargo ship which ranks among the largest ever built, ran aground sideways late Tuesday in the Suez Canal, hindering all traffic in either direction.

• Wednesday, March 24th 2021 - 14:50 UTC

  China-backed railway projects gain momentum in Chile and Argentina

  

  The government of Chile Tuesday unveiled 15 brand new railway units made in China, with which the South American country intends to revamp its train service both for passengers and cargo.

• Wednesday, March 24th 2021 - 09:23 UTC

  Good negotiations between Argentina, IMF – but “dialogue will continue”

  

  Argentina's Economy Minister Martín Guzmán and International Monetary Fund (IMF) Managing Director Kristalina Georgieva, Tuesday met in Washington to discuss the renegotiation alternatives to the 2018 u$s 57 billion loans brokered by the administration of then-President Mauricio Macri.