Argentina's state-run oil company YPF has increased its prices at pumps between 9.5% and 11.5%. It was the second rise this year. Other brands such as Shell have followed suit. The last increase had been in February.
Sanctions on Russia for the invasion of Ukraine are intensifying and biting, with consequences for the Argentine fishing industry, mainly because Russian importers are rejecting shipments as the Rubble, last week, had devalued almost 75%.
The European Parliament voted last week an end to the so called “golden passports”, extended by some members of the EU to rich individuals, in this case mainly Russian oligarchs.
US film reporter Brent Renaud was killed Sunday in Ukraine when his vehicle was hit at a checkpoint just outside Kyiv, specifically in Irpin.
Ukraine’s government has suspended rye, barley, wheat, millet, and salt exports until the end of the year, while new rules for overseas sales of corn, buckwheat, sugar, live cattle, and meat have also been established.
By Peter Bloom, Professor of Management, University of Essex – The Russian invasion of Ukraine has been widely condemned for its unjustified aggression. There are legitimate fears of a revived Russian empire and even a new world war. Less discussed is the almost half-trillion dollars (£381 billion) defense industry supplying the weapons to both sides, and the substantial profits it will make as a result.
Mark Zuckerberg's Meta, the parent company owning social media giants Facebook and Instagram will not object to postings calling for violence if they are addressed at the Russian Federation or members of its government, particularly President Vladimir Putin, whose death may be freely wished for.
Brazil's Petrobras has increased the price of refined gasoline and diesel for distributors as of March 11. The average price has gone up to R$3.86 (US$ 0.77) for regular fuel and R$4.51 (US$ 0.9) for diesel.
Inflation in Chile during February climbed 0,3%, well below market expectations, but still 7,8% in the last twelve months, the highest recorded since November 2008. The release was done by the country's stats institute, INE, and was indeed a positive announcement given the private estimates (0,6% and 0,7%) and the fact that inflation was effectively surging, 1,2% in January.
Residents in the Uruguayan town of San Javier are not like any other South American people. At least not when Russia is involved in what seems to be the largest armed conflict so far in the 21st Century. San Javier was founded by Russian immigrants in the early 1900s. For locals, Russia is still their Mother Land.