Latin America

Friday, February 3rd 2023 - 10:23 UTC
Political crises might impact Latin America's economy, IMF team warns

A technical team of the International Monetary Fund (IMF) has warned that political unrest in various regions of Latin America might have consequences for the economy since it would affect how the region is perceived worldwide.
Friday, February 3rd 2023 - 10:01 UTC
Brazilian Navy announces Sau Paulo carrier to be sunk despite environmental protests

The Government of Brazil plans to sink the decommissioned French-built Sao Paulo aircraft carrier in the middle of the Atlantic ocean after the depleted structure has spent months wandering with no port to dock for scrapping due to the presence of toxic materials in the hull, it was reported Thursday.
Thursday, February 2nd 2023 - 10:55 UTC
Peru's Congress once again votes against advancing elections

Peru's Congress refused once again Wednesday to bring forward the elections to 2023 as requested by President Dina Boluarte who was acquiescing to the demands of the numerous demonstrators that flocked the streets and roads since the Dec. 7 impeachment of Pedro Castillo Terrones.
Wednesday, February 1st 2023 - 10:26 UTC
Fears Bolivia could run out of gas in a few years because of lack of investments

The Bolivian government has rejected predictions that the country will cease to be an exporter of natural gas and become a net importer by 2030. The government has said it has plans to invest some US$ 325 million in exploration and extraction in new wells by the country's hydrocarbons company, YPFB, Yacimientos Petroliferos Federales de Bolivia.
Wednesday, February 1st 2023 - 09:54 UTC
Presidents Petro and Lasso deepen Ecuador-Colombia cooperation

Presidents Guillermo Lasso of Ecuador and Gustavo Petro of Colombia Tuesday launched the XI Binational Cabinet between the two countries to jointly develop “a work agenda to strengthen relations between the two nations,” according to a statement from Quito.
Wednesday, February 1st 2023 - 09:51 UTC
Lake Titicaca downspout reaching historical levels

Bolivian authorities Tuesday reported that due to poor rainfalls, the water levels of Lake Titicaca, on the border with Peru in the middle of the Andes, had dropped 97 centimeters.
Tuesday, January 31st 2023 - 10:15 UTC
Peru's Congress agrees to reconsider moving elections forward

Peru's one-house Congress Monday approved by 66 votes in favor, 49 against, and 6 abstentions to reconsider a previous decision on not moving forward the elections to sometime this year. Lawmakers are now to decide on a possible date.
Monday, January 30th 2023 - 11:18 UTC
Tourism and mining industries cutting operations in Peru because of political protests

The tourism industry and mining corporations in Peru are suspending or cancelling operations because of the escalating political protests in the country with dozens of people killed in clashes with security forces.
Monday, January 30th 2023 - 11:14 UTC
LATAM's finances expected to recover in 2023 with passenger and cargo growth

South America's largest carrier, LATAM expects double digit revenue growth this year, according to a company guidance to stock markets. The Chile-based airline's revenues are expected to reach between US$ 11 billion and US$ 11.5 billion by the end of this year, compared to US$ 9.5 billion estimated for 2022, which if achieved would mark an increase of nearly 16% to 21%.
Monday, January 30th 2023 - 09:48 UTC
Peru's Congress rejects moving elections forward

Peru's one-house Congress Saturday voted against President Dina Boluarte's request about bringing forward the elections to December this year, which is one of the demands of the neverending protests nationwide that have erupted since her accession to power following Pedro Castillo Terrones' impeachment.