Economy

• Friday, April 23rd 2021 - 09:16 UTC

  Tourism in South America will not bounce back at least until 2022

  

  In the absence of foreign travellers from Europe, the United States, Canada or Japan, tourism in South America is unble to hide its fragility going through the coronavirus pandemic, which has caused a major drop in visitors, it was reported. And there's not a single sign of recovery before 2022, according to industry analysts.

• Friday, April 23rd 2021 - 04:38 UTC

  Brazil, Judge orders beaches and bars of Rio de Janeiro must go back to business as usual

  

  The beaches of Rio de Janeiro were allowed to start welcoming visitors again since Wednesday, following a court order which found Mayor Eduardo Paes' ban was unconstitutional.

• Wednesday, April 21st 2021 - 20:16 UTC

  Paraguay redirects funds from binational electric plants to anticovid effort

  

  Paraguayan President Mario Abdo Benítez wants funds belonging to both binational hydroelectric plants, namely Itaipú and Yacyretá, redirected to the anticovid-19 effort and has instructed Directors Manuel María Cáceres and Nicanor Duarte Frutos to proceed accordingly.

• Wednesday, April 21st 2021 - 06:32 UTC

  Colombia, South Korea strengthen bilateral relations during Seoul envoy trip to Bogota

  

  During his Bogota stop, South Korea's First Vice Foreign Minister Choi Jong-Kun expressed his country's concerns over Japan's intentions to release the contaminated water into the Pacific Ocean from the wrecked Fukushima nuclear plant, the Asian nation's Foreign Ministry announced Tuesday in a statement.

• Tuesday, April 20th 2021 - 15:02 UTC

  Big Pharma companies gross 152bn dollars since the beginning of the pandemic

  

  Despite setbacks with patients dying or suffering from undesired side effects which led to the suspension of some vaccines in various countries, the market value of pharmaceutical companies continues to rise, having amassed 152 billion US dollars in profits since the beginning of the coronavirus pandemic, it was reported.

• Monday, April 19th 2021 - 21:41 UTC

  Brazil's GDP on track to better results than expected

  

  Brazil's Economic Activity Index (IBC-Br), released by the Central Bank and believed to be an omen of the country's Gross Domestic Product (GDP) rose 1.70% in February 2021, against January's figures, it was announced Monday.

• Monday, April 19th 2021 - 10:24 UTC

  Argentine officials rule out banning beef exports or setting quotas

  

  Argentine beef industry sources quoted by local media Sunday announced the administration of President Alberto Fernández was not planning to ban beef exports or set up quotas, after announcing last week a series of measures to detect under-invoicing.

• Friday, April 16th 2021 - 09:39 UTC

  Cost of living in Argentina rises 4.8% in March alone

  

  Argentina's Consumer Price Index (CPI-Cost of living) rose 4.8% during March, 1.2 percentage points above February's 3.6%, the National Institute of Statistics and Censuses (INDEC) announced Thursday.

• Friday, April 16th 2021 - 09:22 UTC

  Uruguay's GDP expectations lowered amid pandemic

  

  Uruguay's Center for Economic Research (CINVE) Thursday submitted its latest report, which showed a projected Gross Domestic Product lowered from previous expectations, given the economic consequences of measures taken to curb the spread of the coronavirus pandemic.

• Friday, April 16th 2021 - 08:45 UTC

  Argentina reinstates beef exports registry

  

  Argentina's government Thursday created a registry of beef exporters among other measures to curb under-invoicing, which authorities fear has been going on for a while now.