ECONOMIC INDICATORS Inflation in Buenos Aires City reached 10.8% in August 07-09-2023 17:06 Price increases jump double-digits after devaluation of peso; Hikes total 127.3% over last 12 months; Consultancy firm forecasts 130% inflation nationwide in 2024.
PRIMARY FALLOUT Milei promises Argentina can be saved with libertarian economics 17-08-2023 15:11 Presidential contender pushes for a free-market overhaul; Candidate wants to downsize the state after years of chaos.
SOCIAL MEDIA Brazil court suspends Telegram app in neo-Nazi probe 27-04-2023 13:47 Brazilian court orders nationwide suspension of messaging app Telegram after parent company failed to provide data on neo-Nazis operating on network.
QATAR Dreams of wealth turn to dust for Qatar migrant workers 16-11-2022 13:07 Hundreds of thousands of people have flocked to Qatar in recent years to labour on giant construction schemes as it boosted its infrastructure ahead of the World Cup. Drawn by the prospect of making more money than they could ever hope to at home, migrants make up nearly 90 percent of Qatar's population of 2.8 million.
ECONOMY & POLITICS Government to raise income tax floor following pressure from Massa 26-05-2022 23:31 The government will raise the income tax floor for all employees in the fourth category, with both the Christmas and mid-year bonuses exempt from taxation, according to reports.
Leftist leader Chilean President Boric unveils economic recovery plan 08-04-2022 15:12 Chile's president Gabriel Boric announced an economic recovery plan worth US$3.7 billion that envisages the creation of half a million jobs.
IMF DEBT TALKS US confident Argentina will reach IMF deal, says senior official 21-01-2022 22:44 Washington is confident Argentina will reach an agreement with the IMF to restructure its multi-billion dollar debt, and is ready to support that process, a senior US official said Thursday.
IMF DEBT TALKS Nobelist Stiglitz rebuffed after praising Argentina’s 'economic miracle' 21-01-2022 18:06 Nobel laureate economist Joseph Stiglitz is facing a wave of criticism from peers after he claimed crisis-prone Argentina is witnessing “an economic miracle.”
THE YEAR TO COME World economy now set to surpass US$100 trillion in 2022 29-12-2021 21:54 The world economy is set to surpass US$100 trillion for the first time in 2022, two years earlier than previously forecast, according to the Centre for Economics and Business Research.