On 31st May, the Governor of the Falkland Islands made her annual address, state of the Nation, to the Legislative Assembly. In her speech, Alison Blake CMG reviewed last year's challenges and highlights, set out the government's and public service priorities for the year ahead, and paid tribute to the economy.Add your comment!
Argentina's Minister of Economy, Sergio Massa, announced from Shanghai that he has obtained financing for approximately US$ 1 billion for investments and disbursements that will strengthen the Central Bank's reserves.Add your comment!
It's official, at the end of May, the Venezuelan debt to the Brazilian government amounted to approximately US$ 1.27 billion because of the non-payment of Brazilian goods and services covered by the Export Credit Insurance, subsidized by the Export Guarantee Fund (FGE). The information was officially provided by the Ministry of Development, Industry, Trade, and Services (Mdic).Add your comment!
Brazilian President Luiz Inácio Lula da Silva Monday told his Venezuelan counterpart Nicolás Maduro at the Planalto Palace that the resumption of diplomatic ties between the two countries “will be full.” Maduro, who seldom travels abroad, is in Brasilia to attend Tuesday's Summit of South American leaders hosted by the continent's largest country.3 comments
Beware the European Union, Germany has entered technical recession. Germany's economy shrunk slightly in the first quarter of 2023 compared with the previous three months, data showed. A preliminary estimate had shown gross domestic product (GPD) stagnating at zero growth in the first quarter — meaning Germany would have narrowly escaped a recession.
Argentina's Economy Minister Sergio Massa is due in China Tuesday, in a desperate bid to secure much-needed dollars for the government's survival and bolster its chances in the upcoming presidential elections. President Alberto Fernández, who recently announced that he would not seek re-election, has taken a backseat, allowing Massa to spearhead this crucial mission.
Given the financial problems and shortage of foreign currency, on Wednesday, May 24, the leading shipping company MSC, followed by seven others, announced that, as from June, ‘freight collect’ will be charged for exports from Argentina, meaning that these charges will be billed to the party receiving a shipment, often called the consignee.
Paraguay remained the Latin American country with the highest projected growth for the year 2023, according to a Getúlio Vargas Foundation (FGV) study that also showed that the region has hit its poorest business climate in the last nine months, it was reported. Argentina is at the bottom of the list.
Five years after Saudi Arabia expelled Canada's ambassador from Riyadh over Ottawa's remarks on women's rights activists, both countries agreed Wednesday to restore full diplomatic relations, Global Affairs Canada (Canada's foreign ministry - GAC) announced in a statement.
Ecuadorian President Guillermo Lasso Tuesday signed his second urgent economic decree-law after the May 17 invoking of the crossed death constitutional procedure to dissolve Congress and call for snap elections. Tuesday's Attraction and Promotion of Investments for Productive Development initiative, which provides for the creation of new duty-free trade zones, needs Constitutional Court's approval to become effective. The bill was submitted two years ago by the Government of Ecuador to the outgoing National Assembly, but it was shelved.