Economy

• Wednesday, July 17th 2019 - 22:19 UTC

  Argentina's inflation expected to stay on the downpath in July

  

  Argentine Central Bank President Guido Sandleris Tuesday admitted inflation remains “high,” but he forecast July's figures will be smaller than those of June in light of the current “clear trend” to the downside.

• Tuesday, July 16th 2019 - 21:42 UTC

  Enigma code breaking genius chosen to be on new £50 English banknotes

  

  Alan Turing was preferred over Stephen Hawking and Margaret Thatcher to feature on the highest-denomination bills in the country. The Bank of England has selected the face of the computer science genius whose most famous breakthrough proved decisive in the outcome of World War II against Germany to appear in the new £50 note (around 62 US dollars) due to enter circulation by the end of 2021.

• Tuesday, July 16th 2019 - 10:51 UTC

  US qualifies Uruguay as a safe country to invest but warns about union power

  

  A report issued by the United States Department of State on the investment climate in Uruguay on Monday analyzed the legal, political and economic aspects of the country. On the one hand, it stands the legal security, the free movement of capital, the preferential regimes and the investment grade. On the other, it warns about aspects such as labor relations, the power of unions, the advantage of public companies and the increase of problems in education and security.

• Monday, July 15th 2019 - 18:37 UTC

  Tabaré looks forward to bilateral meeting with Bolsonaro at Mercosur summit

  

  Uruguay's President Tabaré Vázquez is ready to hold a first-ever one-on-one meeting with his Brazilian counterpart Jair Bolsonaro to discuss bilateral issues, during this coming Wednesday's Mercosur summit at the newly remodelled west wing of the historic Belgrano Railway Station in the city of Santa Fe, Argentina.

• Monday, July 15th 2019 - 15:21 UTC

  China surges as new major destination for Brazil's coffee exports

  

  Brazilian exports of coffee to China rose 23.1 annually during the first five months of 2019, according to a Brazilian Council of Coffee Exporters (Cecafé) report.

• Monday, July 15th 2019 - 12:16 UTC

  Poverty in Argentina on the rise, Catholic University research shows

  

  Poverty in Argentina reached “35 per cent” so far this year, according to Argentine Catholic University (UCA), it was reported last week.

• Saturday, July 13th 2019 - 16:11 UTC

  Temporary restrictions on Brazilian pork exports to Russia imposed

  

  Russia's Federal Veterinary and Phytosanitary Control Service (Rosseljoznadzor) has imposed temporary restrictions from 11 July on the importation of pork products and other animals vulnerable to classical swine fever virus from the State of Piauí, located in the northeast region of Brazil, it was announced.

• Friday, July 12th 2019 - 23:56 UTC

  Falkland Islands economy and Brexit…how tough will it be?

  

  Last week Penguin News reported on the uncertainty surrounding Brexit causing a slump in meat sales from the Falkland Islands Meat Company and lower prices.

• Friday, July 12th 2019 - 16:44 UTC

  First hurdle passed for LATAM Argentina to serve Miami with Chilean planes

  

  Argentina's National Civil Aviation Administration (ANAC) Thursday agreed with its Chilean counterpart (DGAC) to allow LATAM aircraft under Chilean registration to fly the Ezeiza-Miami route with an Argentine crew on behalf of LATAM Argentina. The lease is yet to be authorised at higher levels.

• Friday, July 12th 2019 - 12:31 UTC

  Bolivia is making final preparations as it steps up to host the World Travel Awards (WTA) Latin America

  

  The leading travel industry figureheads from across South and Central America are attending what will mark WTA’s inaugural ceremony on 13 July in this fascinating country.