News of economy

Drugs, crime and protests: Ecuador stares into the abyss

25-10-2021 12:44 Emboldened drug traffickers, hundreds of deaths in prisons, a government dogged by scandal, and an economy ravaged by Covid have Ecuador staring into the abyss.

Climate talks in times of crisis: Your roadmap to COP26

25-10-2021 11:15 Glasgow will welcome world leaders and thousands of attendees for the crucial COP26 United Nations summit on climate change in November.

In the land of the magic money tree

22-10-2021 22:11 Capitalism is the only system that really works. Fighting it, as social justice warriors and politicians who seek to outbid them say is the duty of every decent person, is tantamount to waging war on prosperity.

by James Neilson

Pre-election jitters send blue dollar, country risk rate soaring

22-10-2021 21:56 Peso weakens in parallel and informal exchange rates, sending JP Morgan ‘country risk’ rate soaring.

Argentines are desperate for dollars as bets on devaluation soar

21-10-2021 14:31 Argentine investors are growing increasingly pessimistic on the peso, betting it’s inevitable the government will be forced to speed up devaluation after November elections.

Argentina finally scraps entry quotas for travellers arriving by air

20-10-2021 13:01 Entry caps for air passengers to Argentina were finally eliminated by the authorities on Tuesday as promised – 14 days after the country reached the landmark of half the population fully vaccinated.

Peronism has its back against the wall

16-10-2021 00:01 In the eyes of a growing proportion of the country, Cristina, Alberto, Aníbal and the rest of them represent the very worst of a self-serving political elite whose members are more interested in their own personal welfare than anything else.

by James Neilson

Fernández warns business leaders over ‘incomprehensible’ price rises

15-10-2021 18:24 President Alberto Fernández, Economy Minister Martín Guzmán and Pope Francis among the names addressing 57th IDEA colloquium.

La Niña arrives, threatening to stoke droughts and roil markets

14-10-2021 16:12 A weather-roiling La Niña appears to have emerged across the equatorial Pacific, setting the stage for worsening droughts in California and South America and greater risks for the world’s already strained energy and food supplies.

Argentina seeks pre-election price freeze on 900 household goods

13-10-2021 15:44 Government aims to extend Precios Cuidados price control programme to approximately 900 household goods in its latest attempt to recover ground with voters.

'Beach' coworking spaces the new craze in São Paulo

07-10-2021 08:44 After 18 months of being locked up by coronavirus pandemic restrictions, Brazil's largest city is breathing again, thanks in part to open air coworking spaces. Rooftops and terraces made out to look like a beach have sprung up all over – and they are no longer the domaine of just internet start-ups.

World Bank rules out risk of hyperinflation in Argentina

06-10-2021 21:22 World Bank official plays down risk of hyperinflation in Argentina and says new agreement with International Monetary Fund regarding multi-billion-dollar debt will further reduce possibility.

Argentina ranks third for offshore bank accounts in 'Pandora Papers' leak

05-10-2021 09:25 New leak of nearly 12 million documents from financial services firms shows how elite use tax havens to stash assets worth hundreds of millions of dollars. Number of Argentines appear, including Gianfranco and Mariano Macri, Jaime Durán Barba, Daniel Muñoz, Ángel Di María, Javier Mascherano, Mauricio Pochettino and Zulemita Menem.

Facebook, Instagram, WhatsApp hit by widespread outage

04-10-2021 20:55 Facebook battled duelling crises on Monday as it faced a large-scale outage of its dominant social network for seven hours, and fought against a whistleblower's damning revelations.

Brazil’s Guedes lets rip at Argentina, vows to ‘modernise’ Mercosur

01-10-2021 01:37 Brazilian Economy Minister Paulo Guedes says Argentina should "withdraw" from the Mercosur if President Alberto Fernández's government feels "uncomfortable" with Brasilia's plans to "modernise" the South American trade bloc.

A million bolivars become one as Venezuela recalibrates battered currency

30-09-2021 22:30 For the third time in 13 years, Venezuela on Friday will slash zeroes off its inflation-battered currency, the bolivar. This time, it will shed six zeroes, for a total of 14 since 2008.

Javier Milei: ‘The more people are against the ropes, the more they will embrace freedom’

25-09-2021 11:02 In a feature-length interview, economist Javier Milei discusses his stunning PASO primaries result, political origins and experience with psychotherapy.

by Jorge Fontevecchia

Make way for the shantytown liberals

25-09-2021 00:01 Some commentators and politicians have been considering the intriguing possibility that people who live in the country’s squalid urban slums could be acquiring a taste for free-market capitalism.

by James Neilson

Argentina's economy shrank in second quarter amid worst Covid wave

21-09-2021 17:04 Gross domestic product fell 1.4% in the second quarter of 2021 compared to the previous period, government data shows.

Government forecasts 33% inflation, 4% growth in 2022 Budget

17-09-2021 14:07 Economy Minister Martín Guzmán meets deadline, submitting Budget bill to Congress at the last possible moment in the dead of night, as crisis raged in the ruling coalition.