The International Monetary Fund (IMF) has approved a $35 billion credit for Mexico. This flexible credit line is for two years. The IMF, a distinct entity under the United Nations, made this announcement. It came from their Washington, D.C. headquarters on Thursday. Mexican authorities plan to use this credit as a safety measure. They aim […]
In January 2024, Chile and the United States will initiate a new tax agreement aimed at preventing double taxation. The Chilean Senate gave its unanimous support to this revised plan. It also adds steps to stop tax evasion. The Chilean Parliament first approved it in 2015. After changes and U.S. ratification in June, it needed […]
Guatemala deploys 2,000 soldiers to secure its border with Mexico, targeting areas vital for poppy production. The Guatemalan Interior Ministry confirms the troop’s placement in Tacaná, Ixchiguán, and Tajumulco. Colonel Rubén Tellez from the Defense Ministry indicates these measures aim to bolster border security against drug trafficking threats. Initiated on September 25, this military response […]
A study by Spain’s “Real Instituto Elcano,” initiated during its EU Council presidency, highlights Latin America’s growing importance to Europe. The study aims to explore trade relationship expansion and diversification with Latin America. It addresses misconceptions in Europe, often portraying Latin America as politically and economically unstable and overshadowed by China. The report, titled ‘Why […]
Observers highlight the growing trend of internal migration in Latin America and the Caribbean due to climate events. This phenomenon follows disasters like 1998's Hurricane Mitch, which devastated Central America, notably Honduras and Nicaragua, causing over 10,000 deaths. The National Oceanic and Atmospheric Administration rated it as the second deadliest Atlantic hurricane since 1780. From […]
Local media report a record $155.908 billion in remittances to Latin America and the Caribbean in 2023, marking a 9.5% increase from 2022. As per the Inter-American Development Bank (IDB), this rise continues a 15-year growth trend, reflecting new migration patterns and contributions from migrants to their home countries. Amid Covid-19, 2021 saw a 26.7% […]
Chinese President Xi Jinping is making it easier for foreigners to do business in China. At a major summit, he announced plans to improve the business environment. This move aims to boost confidence in China’s economy. Xi’s approach in San Francisco showed a softer side, engaging in friendly gestures like accepting a basketball jersey. Despite […]
Brazil's heatwave is delaying soy planting, adversely affecting the subsequent corn cycle typically planted after soy. In Mato Grosso, farmer Endrigo Dalcin illustrates the crisis. He planned to sow 4,900 hectares of soy, followed by corn but managed only 3,000 hectares. About a quarter of these crops died due to drought, forcing replanting and delaying […]
Since 2015, Chile has been aiming to become a global leader in astrotourism. Known as the world's astronomy capital, it offers ideal conditions for stargazing, particularly in the north. The country is home to powerful radiotelescopes like ALMA in the Atacama Desert. Spanning from the Antofagasta region to Bío Bío in the south, Chile boasts […]
Brazil's Central Bank reported a 0.64% decline in the IBC-Br, a preliminary GDP measure, in the third quarter of 2023. This decrease was announced on November 17, 2023, compared to the previous quarter. In September, the index fell by 0.06%, not meeting the financial analysts' expectation of a 0.20% rise. This downturn marks the second […]
(Opinion) A recent study by Instituto Trata Brasil, based on 2022 data from the Brazilian stats agency IBGE, paints a dire picture of sanitation in Brazil. It found that 46.2% of homes lack basic sanitation out of 74 million. This situation encompasses 8.9 million homes lacking access to a water network and 16.8 million experiencing […]
Famae, a Chilean company, is set to release the Tornado-F pistol in December 2023, targeting the Chilean semiautomatic pistol market. The Tornado-F, a 9x19 mm caliber handgun, adds to Famae's product line. Development of this pistol started in 2019. Famae's goal was to rejoin the handgun segment and broaden its range. In 2020, they showcased […]
In 2023, there has been a sharp 237% increase in cryptocurrency millionaires, with BitInfoCharts data showing a significant rise in wallets holding over $1 million. This surge aligns with the overall growth in the crypto market. Bitcoin, for instance, gained 7.5% in value in November after a 28% increase in October. Bitcoin's price soared above […]
Petrobras, a Brazilian state-owned company and the largest oil firm in Latin America has partnered with Denmark's European Energy. They aim to explore building an e-methanol plant in Brazil. Announced on November 16, 2023, this plan focuses on creating sustainable "green methanol." The project's goal is to produce fuel from green hydrogen. This hydrogen comes […]
On Thursday, November 16, 2023, the São Paulo Stock Exchange's main index, Ibovespa, reached a new high of 124,639 points, marking a 1.20% increase. This is its highest since July 29, 2021, when it hit 125,675 points. This increase marks the second day of consecutive growth for Ibovespa. It surpassed its previous high set during […]
The United Nations’ World Food Programme (WFP) reports that only 10% of necessary food supplies reach Gaza. This situation arises amidst ongoing conflict between Israel and Hamas. The WFP, a humanitarian agency, announced the critical food shortage in the area on Thursday, November 16, 2023. According to the agency, Gaza is experiencing widespread hunger. People […]
Venezuela and Russia are progressing towards decreasing their dependence on the US dollar to strengthen their financial and economic ties. On Thursday, Venezuelan Foreign Minister Yván Gil made this announcement. He shared details of his meeting in Moscow with Russian Foreign Minister Sergei Lavrov. Both ministers agreed to improve financial communications between their central banks […]
Pedro Sánchez, leader of Spain’s Socialist Workers’ Party (PSOE), has been re-elected as the country’s government president. This victory followed a confidence vote in the Congress of Deputies. Sánchez received backing from 179 members, including his party, PSOE, and other supporting parties like Sumar and the Republican Left of Catalonia (ERC). Votes against Sánchez amounted […]
The Brazilian government has launched a plan focusing on forest recovery and sustainable use. This initiative targets enhancing the country's forestry sector. It also aims to create effective public policies for a forest-based economy. The Farming Ministry introduced this plan, named Sustainable Forest + Plan, which begins on December 1. Key features of the plan […]
Nicaragua’s National Assembly has approved a groundbreaking Free Trade Agreement (FTA) with China. This marks a new chapter in Nicaragua’s history, focusing on revolution and evolution. The National Assembly announced that this unanimous decision will encourage investment and economic growth. It also aims to ensure fair and balanced trade, respecting both nations’ sovereignty. The agreement […]
