The gilded Trump name may no longer sell New York real estate. But, 5,000 miles away, investors are raising millions in a bet that the former US president’s brand retains its international cachet. In South America, they’re resurrecting a project left for dead: a Trump tower in Punta del Este, the Uruguay resort city known … Read more
THE WEEK IN CORONAVIRUS There were 1,970,009 confirmed cases of coronavirus and 48,985 deaths at press time yesterday, as against 1,915,362 cases and 47,775 deaths the previous Friday. One death last weekend was not caused by Covid-19 but was a high-profile episode within the quarantine saga – Abigail Jiménez, 12, the terminal cancer patient who … Read more
In what amounts to rare praise for Argentina’s politics and economic policies, global anti-poverty charity Oxfam hailed the Alberto Fernández administration’s one-off capital levy on wealthy citizens this week, calling on other nations to follow suit. In reaction to the pandemic, countries should raise wealth taxes like Argentina, Oxfam told the Davos Economic Forum (held … Read more
Argentina’s aviation authorities have instructed carriers to dramatically reduce the number of flights to a number of countries to reduce the risk of Covid-19 contagion. The National Administration of Civil Aviation (ANAC) this week sent a bulletin to airlines instructing them to cut the amount of flights to Brazil, Mexico, the US and a handful European … Read more
Humanity’s unbridled growth in recent decades has come at a “devastating cost to nature” according a wide-ranging international review on the vital economic role played by our living planet. The 600-page rundown of scientific material commissioned by the British government highlighted the precarious state of biodiversity and warned that only a sea change in how … Read more
The coronavirus pandemic has triggered the steepest drop in Latin American foreign trade in 2020 since the global financial crisis more than a decade ago, a UN body said Friday. Exports from the region are estimated to have fallen 13 percent in value in 2020, and imports by 20 percent, the UN Economic Commission for Latin … Read more
No prophet is welcome in his own country, they say, and that would also seem to apply to architects. Tucumán’s César Pelli (1926-2019) completed the Petronas twin towers in Kuala Lumpur in 1998, the world’s highest building for the next six years at 452 metres and still the world’s tallest twin towers. A decade later … Read more
Argentina posted its first trade deficit since August 2018 as exports collapsed after a lengthy strike in some port operations. The country recorded a trade deficit of US$ 364 million in December, compared to a US$ 500-million surplus forecast by economists in a Bloomberg survey, government data published Tuesday showed. While imports grew 25 percent … Read more
Consumers in Argentina expect prices to rise by a whopping 45 percent this year, with many anticipating a surge in inflation over the next 12 months. The latest version of the Inflation Expectations Survey, prepared monthly by the Centre for Finance Research at the Torcuato Di Tella University, revealed that the majority of consumers believe … Read more
Argentina’s government has extended the closure of its borders, extending a decree that prohibits non-resident foreigners from entering the country until the end of this month without special dispensation. The decree – published in the Official Gazette on Monday and signed by Cabinet Chief Santiago Cafiero, Interior Minister Eduardo ‘Wado’ de Pedro and Health Minister … Read more