Prices in February rose 3.6 percent from January, the INDEC national statistics bureau revealed Thursday, a slight slowing from the preceding two months. Nevertheless, the steep monthly increase means that inflation totalled 7.8 percent in just the first two months of 2021 in Argentina, casting a shadow over President Alberto Fernández’s hopes of tampering down … Read more
The idea of vaccine passports, which would allow people who have been inoculated the freedom to travel, is gaining traction. While some countries trumpet them as a way out for the hard-hit tourism and airline industries, others are more sceptical with only a tiny percentage of the world’s population vaccinated. As European Union leaders debate … Read more
Argentina is considering using new reserves to be issued by the International Monetary Fund to make a payment due to the lender in September, according to a person with direct knowledge, a move that would allow more time to overhaul an outstanding US$ 45-billion loan. The new IMF reserve assets, called special drawing rights, or … Read more
Latin American e-commerce powerhouse MercadoLibre Inc. is more than doubling its Brazilian investment this year, planning to deploy in 2021 the same amount it spent in the past four years combined. The firm plans to pour a record 10 billion reais (US$ 1.8 billion) into Brazil in 2021, up from four billion reais last year, to … Read more
The United Nations, The Inter-American Commission on Human Rights (IACHR) and members of the opposition expressed concerns over events in Formosa on Friday, after provincial police officers were accused of “repressing” protesters and using excessive force. Clashes between police officers and protesters gripped Formosa on Friday, as demonstrators took to the streets to oppose the … Read more