Economy

• Wednesday, December 27th 2023 - 10:00 UTC

  Maduro touts Venezuela's economic recovery

  

  Venezuelan President Nicolás Maduro insisted Tuesday that his country is continuing its economic recovery despite sanctions and other obstacles. He spoke of a “war economy” that has led Venezuela to diversify its activities and achieve 100% national production

• Wednesday, December 27th 2023 - 08:51 UTC

  English charity claims homelessness in rural areas has climbed 40% in past five years

  

  British Countryside Charity, formerly Council for the Protection of Rural England, CPRE, claims that homelessness in rural England has increased 40% over the past five years, and illustrates with figures, 17,212 in 2018 o 24,143 this year.

• Wednesday, December 27th 2023 - 07:38 UTC

  Fears of 'deforestation rush' in tropical rain forest if Brazilian congress passes bill to pave Amazon highway

  

  The lower house of Brazil's Congress passed a bill that allows the paving of highway BR319, which crosses the heart of the Amazon basin and which scientists and environmentalists claim threatens the future of the world's largest tropical rainforest. The bill still has to be approved by the Senate.

• Tuesday, December 26th 2023 - 10:55 UTC

  Impending job losses to deepen Argentina's crisis in the short run

  

  The administration of President Javier Milei is planning not to renew the contracts of some 7,000 state workers, which would add to the hardships many Argentine families are going through amid deep reforms to recover from the country's current crisis, it was reported in Buenos Aires.

• Tuesday, December 26th 2023 - 10:44 UTC

  Argentina's BCRA planning larger-denomination bills

  

  Argentina's Central Bank (BCRA) is entertaining the possibility of issuing AR$ 20,000 and 50,000 bills in a move to keep up with inflation and eliminate the need for large wads of banknotes for nearly every cash transaction.

• Tuesday, December 26th 2023 - 10:20 UTC

  Tariffs on electric vehicles avoided as UK and EU extend trade rules

  

  The UK and EU have agreed to extend trade rules on electric vehicles until the end of 2026 to keep costs down for manufacturers and consumers, Prime Minister Rishi Sunak has announced.

• Saturday, December 23rd 2023 - 09:58 UTC

  Child labor in Brazil goes up under Bolsonaro

  

  According to a study released this week by the statistics bureau IBGE, child labor went up in Brazil between 2019 and 2022 under then-President Jair Bolsonaro, Agencia Brasil reported.

• Saturday, December 23rd 2023 - 09:35 UTC

  Paraguay's GDP grows 4.7% in the first 3 quarters of 2023

  

  The Central Bank of Paraguay (BCP) issued a report on Friday confirming that the South American country's Gross Domestic Product (GDP) grew by 4.7% in the third quarter of 2023, after a 3.6% increase over the same period last year, boosted by energy and services, it was reported in Asunción.

• Friday, December 22nd 2023 - 10:28 UTC

  Argentina makes payment to IMF through CAF loan

  

  Less than two weeks into the term of President Javier Milei, Argentina Thursday made a payment to the International Monetary Fund (IMF) worth US$ 921 million thanks to a loan from the Development Bank of Latin America (CAF), it was reported in Buenos Aires.

• Thursday, December 21st 2023 - 10:55 UTC

  Argentina: Milei announces mega reform emergency package

  

  Argentine President Javier Milei Wednesday announced in a recorded message broadcast at 9 pm -instead of at noon as originally scheduled- an emergency decree containing 366 measures to deregulate the economy, of which he only highlighted 30.