Economy

Thursday, August 31st 2023 - 15:25 UTC
Fragile countries, impacted by conflict and climate change, threatened by hunger, IMF report

Fragile countries, and those impacted most by conflict, are already being unevenly hit by the effects of climate change, and are less able than other countries to mitigate those impacts, according to a report published by the International Monetary Fund (IMF) on Wednesday.
Thursday, August 31st 2023 - 09:21 UTC
4 countries against Argentina collecting tolls on Paraná Waterway

Paraguay, Brazil, Bolivia, and Uruguay insisted Wednesday on their objections to Argentina collecting tolls on the Paraná River Waterway and demanded the latter to halt that practice until it demonstrates services effectively rendered to navigation justify the measure.
Wednesday, August 30th 2023 - 09:38 UTC
Minerva's latest move shakes up Uruguay's meat processing landscape

Conrado Ferber, President of the National Meat Institute (INAC) of Uruguay, expressed his concerns on Tuesday regarding Minerva Foods' proposed acquisition of three meat processing plants from Marfrig. If the deal is finalized, it would result in one of the Brazilian multinational corporations controlling 45% of the southern country slaughterhouse market.
Wednesday, August 30th 2023 - 08:41 UTC
Loss of sea ice causes catastrophic breeding failure for emperor penguins

Emperor penguin colonies experienced unprecedented breeding failure in a region of Antarctica where there was total sea ice loss in 2022. The discovery supports predictions that over 90% of emperor penguin colonies will be quasi-extinct by the end of the century, based on current global warming trends.
Wednesday, August 30th 2023 - 08:25 UTC
World's top car manufacturer Toyota, suspends work in all Japan plants due to a “system malfunction”

Toyota announced Monday the temporary suspension of operations in all 14 of its manufacturing plants in Japan due to a system malfunction on Tuesday. The issue did not seem to stem from a cyber-attack and the problem was being investigated, said company spokesperson Sawako Takeda.
Wednesday, August 30th 2023 - 08:02 UTC
Brazil closely monitoring evolution of Chinese economy: real estate sector linked to iron ore exports

Brazil is keeping close track of events and performance of the Chinese economy, particularly those areas that might have an impact on the exports of the leading and largest South American economy.
Tuesday, August 29th 2023 - 10:30 UTC
Uruguayan businessmen concerned over shopping trips to Argentina

Uruguayan businessmen have expressed their concern after over 100,000 residents crossed the border over to Argentina during the three-day Aug. 25 Independence Day long weekend to capitalize on a favorable exchange rate, it was reported on both shores.
Tuesday, August 29th 2023 - 10:02 UTC
Brazil: Temporary tax on the super-rich enacted

Brazilian President Luiz Inácio Lula da Silva Monday enacted a provisional measure (MP) providing for the collection of taxes of between 15% and 20% on exclusive funds with a single shareholder, Agência Brasil reported.
Tuesday, August 29th 2023 - 09:41 UTC
New financing deal reached for trade between Argentina and Brazil

Argentina's Economy Minister and presidential candidate Sergio Massa Monday announced after a meeting with his Brazilian colleague Fernando Haddad and with President Luiz Inácio Lula da Silva that an agreement had been reached to finance imports worth US$ 600 million, among other achievements.
Tuesday, August 29th 2023 - 09:17 UTC
Paraguayan banana exporters concerned over Argentina not paying for shipments

Paraguayan banana exporters met Monday in Asunción with Foreign Minister Rubén Ramírez Lezcano to seek help from the government in order to collect the debt from Argentine buyers who are behind in their payments of some US$ 6 million, it was reported. The producers fear the problem might get worse if no action is taken.