Politics

Friday, October 2nd 2020 - 09:09 UTC
Consumers' debts threaten the Peruvian banking system

Peru's economy could plummet by more than 20% if unpaid consumer debts continue to mount, a scenario the government hopes to stave off with an emergency plan to reschedule troubled loans with state guarantees, the government said on Thursday.
Friday, October 2nd 2020 - 09:01 UTC
Chile's economic activity in August plunged 11,3%; mining sector dropped 3,4%

Chile economic activity plunged 11.3% in August from the same month a year earlier, the central bank said on Thursday, deeper than forecasts of an 8.5% drop as the world’s no. 1 copper producer grapples to recover from the coronavirus pandemic.
Friday, October 2nd 2020 - 09:01 UTC
Argentine central bank will promote Chinese Yuan for foreign trade negotiations

Argentina's central bank said on Thursday that it would allow a managed float of the peso currency and abandon its current “uniform daily devaluation” strategy as it seeks to adapt its monetary policy amid sharpening economic turmoil.
Friday, October 2nd 2020 - 09:00 UTC
Wales demanding UK government replace the promised EU after Brexit funds

“Negligible” progress has been made by the UK government to replace EU funds in Wales after Brexit, according to a committee of cross-party MPs. Former Welsh Secretary and senior Conservative MP Stephen Crabb said the situation was “simply unacceptable.”
Thursday, October 1st 2020 - 12:31 UTC
Uruguayan lawmaker, ex Commander-in-Chief, avoids the lifting of immunity due to accord in ruling coalition

It is ten o'clock in the morning and the Senate of Uruguay has several hours of intense debate ahead of it. Only few minutes before midnight, the ruling coalition of parties will have put the lid on the criminal investigation against their partner and current leader of the Cabildo Abierto, investigated for the alleged omission of denouncing the confessions of crimes against humanity made by a former military man before a Court of Honor in 2018.
Thursday, October 1st 2020 - 09:30 UTC
Some 18 million Argentines, 40,9% of the population live in poverty, with prospects of worse times ahead

Nearly half of Argentina’s population was living in poverty in the second quarter, a sharp increase from last year, as the country’s longstanding economic crisis deepened due to the coronavirus pandemic, researchers estimated on Wednesday.
Thursday, October 1st 2020 - 09:25 UTC
Bolsonaro blasts Biden for “disastrous and unnecessary” comments on the Amazon rainforest

Brazilian President Jair Bolsonaro lashed out Wednesday at Joe Biden for the US Democratic presidential candidate's “disastrous and unnecessary” comments on the destruction of the Amazon rainforest in his first debate with Donald Trump.
Thursday, October 1st 2020 - 09:20 UTC
Falklands mini budget less likely, despite a “slight deficit” instead of a planned surplus

A Falkland Islands mini budget looks much less likely now, based on what Financial Secretary Tim Waggott told MLAs (lawmakers) at a meeting of the Standing Finance Committee.
Thursday, October 1st 2020 - 09:15 UTC
Privatization policy in Bolivia divides the cabinet and triggers several ministerial resignations

Internal splits in Bolivia’s interim government led to the departure of the country’s economy minister and two other cabinet ministers Monday, stoking uncertainty about the Andean country’s economic recovery from the coronavirus pandemic.
Thursday, October 1st 2020 - 09:01 UTC
Bolsonaro government announces new minimum income program, to replace Lula's Bolsa Familia

Brazil's government detailed how it would pay for a new minimum income program called Renda Cidada, with President Jair Bolsonaro and Economy Minister Paulo Guedes still pledging to honor the country's spending cap and fiscal rules.