Economy

• Tuesday, July 6th 2021 - 09:15 UTC

  Mining company pledges to invest US $ 34 million in lithium plant in northern Argentina

  

  A local subsidiary of China's Ganfeng Lithium has purchased a 23-hectare property in the General Güemes Industrial Park in the northwestern Argentine province of Salta, it was announced.

• Tuesday, July 6th 2021 - 09:08 UTC

  Production of motor vehicles in Argentina shows signs of recovery

  

  The production of motor vehicles in Argentina in June grew 14.5% compared to May's output for a total of 40,035 units, which made up for a 155.7% YoY increase against 2020 figures, it was reported Monday by the Association of Automotive Factories (Adefa).

• Monday, July 5th 2021 - 21:18 UTC

  Jeff Bezos no longer CEO of e-commerce giant Amazon

  

  What goes up must come down and even the unthinkable has happened – Jeff Bezos, founder of e-commerce giant Amazon.com has left his position of CEO as of Monday, it was announced. Bezos will be replaced by Andy Jassy, who for years led Amazon's lucrative division of cloud computing AWS.

• Monday, July 5th 2021 - 08:47 UTC

  Bringing all Argentines stranded abroad back home at a rate of 600 daily passengers might take up to five months

  

  Argentina's Chamber of Airlines (JURCA) issued a statement over this weekend, warning that bringing back all travellers banned from reentering the country following a cap of 600 airborne passengers a day might take up to five months.

• Monday, July 5th 2021 - 08:07 UTC

  US Judge extends Latam's bankruptcy protection restructuring plan to September 15

  

  The Latam group airlines group reported that the Federal Court from the southern district of New York approved the extension of its restructuring plan to September 15, as part of the bankruptcy protection process initiated last year.

• Monday, July 5th 2021 - 07:09 UTC

  Suez Canal blockage: Egypt and Japanese company reach a deal to release vessel

  

  Egyptian authorities and Japan's Shoei Kisen Kaisha finally reached an agreement on compensations for Suez canal lost revenues and the cost of salvaging a huge vessel that blocked the crucial waterway linking Asia with Europe.

• Saturday, July 3rd 2021 - 11:19 UTC

  US Dollar climbs to R$ 5.05 in a Brazilian market hit by political turmoil

  

  The US dollar was traded at R$ 5.05 apiece Friday amid Brazil's volatile context with President Jair Bolsonaro under investigation for alleged corruption and a mega request for his impeachment already in Congress.

• Saturday, July 3rd 2021 - 11:12 UTC

  Paraguay's inflation reaches 0.4% in June

  

  Paraguay's inflation in June stood at 0.4%, according to a Central Bank report issued Friday in Asunción. The new data showed a slight improvement, compared to May's 0.6%, for a total of 1.5% in the first half of the year 2021.

• Saturday, July 3rd 2021 - 11:07 UTC

  Flybondi resumes services after pandemic-caused travel restrictions in Argentina

  

  Argentine budget carrier Flybondi is to resume domestic services after 15 months grounded due to restrictions on the circulation of people owing to sanitary reasons, it was announced.

• Friday, July 2nd 2021 - 09:20 UTC

  Chile's economy grows 18.1% thanks to pension withdrawals and state emergency funding

  

  Chile's Central Bank Thursday reported an 18.1% economic growth in May, which has brought it back to the pace of prepandemic levels.