The International Monetary Fund (IMF) has issued a recommendation to the Government of Paraguay IMF to keep an eye on inflation and move forward with structural reforms in addition to improving State spending.
Belarus announced that it is authorizing licenses for the export of potash beginning this month, according to the official news agency RIA. Russia's close ally is the world’s third-largest producer of potash, widely used in soy production. Belaruskali, a local state-owned company, is among the world’s leading companies in the field.
Clear signs of support for Russian President Vladimir Putin are on display in the Venezuelan capital. A mural of him alongside the late Hugo Chávez Frías has been unveiled Monday in appreciation. Another mural of Argentine football legend Diego Armando Maradona is to be seen in Caracas not far off, it was reported.
Hugo Alconada Mon is a prestigious Argentine journalist, and lawyer, who has written several books, besides belonging to the international consortium of investigative journalists which among other things was involved in exposing the Panama Papers.
IMF chief Kristalina Georgieva fears that the current situation with the Russia/Ukraine conflict could lead to an explosive situation in many of the poor countries with inflated prices, less jobs and overwhelming debts and called for greater global cooperation.
Uruguay's President Luis Lacalle Pou Thursday said that Russian leader Vladimir Putin was nostalgic about the USSR and stressed that neither Cuba nor Venezuela was key players in the ongoing armed conflict. Lacalle was also critical of the role the United States was playing, which was not that of a “counterweight”.
Argentina's Domestic Trade Secretary Roberto Feletti Thursday admitted that the inflation figures for the month of March will be bad following the impact of the war between Russia and Ukraine on the local economy.
As a result of a ban from flying over Russian territory, Cathay Pacific has reconfigured its nonstop service between New York Airport (JFK) and Hong Kong Airport (HKG), which will now become the longest passenger route in terms of distance. It will be operated by Airbus A350-1000 aircraft.
The UK on Wednesday made new legislation to prohibit maintenance on aircraft or ships belonging to specific sanctioned Russian oligarchs or their businesses. Through these new powers, laid in parliament through a Statutory Instrument (SI), the UK can now prohibit sanctioned oligarchs from benefiting from the UK’s world-leading aviation and maritime industries and engineers.
Brazilian fertilizer stocks amount to at least 13 million tons, including the inputs that have been already internalized and the ones that have been ordered. The statement comes from David Roquetti Filho, a former board member of ANDA, Brazil's National Association for Fertilizer Diffusion, and currently an independent business consultant.