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Argentine President Javier Milei cancels attendance at Mercosur summit

Argentine President Javier Milei cancels attendance at Mercosur summit

Casa Rosada spokesman Manuel Adorni said that, due to agenda issues, President Milei will not attend the summit. Argentine President Javier Milei cancelled his attendance at the Mercosur summitThe announcement was made after the leader He called Brazilian President Luiz Inácio Lula da Silva a ‘leftist’ with an ‘inflamed ego’; he also called the Brazilian ...

Chile's economy contracted in May beyond what the market expected

Chile’s economy contracted in May beyond what the market expected

Financial Diary – Santiago The Monthly Index of Economic Activity, Imacec, grew 1.1% in May compared to the same month of the previous yearthe Central Bank reported on Monday, in a variation that was below market estimates. “The seasonally adjusted series decreased by 0.4% compared to the previous month and grew by 2.0% in twelve ...

The Justice of Panama acquitted a group of 28 involved with the 'Panama Papers'

The Justice of Panama acquitted a group of 28 involved with the ‘Panama Papers’

A Panama court acquitted 28 people in the Panama Papers casea case that involved the leak of documents from the Mossack Fonseca law firm, that linked personalities from all over the world in capital banking. The press release mentions that the Second Liquidator of Criminal Cases judge, Baloísa Marquínez acquitted the 28 people of the ...

Brent barrel remains between US$85 and US$86 due to tension in the Middle East

Brent barrel remains between US$85 and US$86 due to tension in the Middle East

Oil retreated from nearly two-month highs as traders weighed weakening physical markets and escalating tensions in the Middle East. Barrels of Brent and West Texas intermediate, WTI, fell and were trading near US$86 and US$81 per barrel, respectively.. Oil remains in a tight range as markets show rising US supplies and the Chinese economy appears ...

R. Yuksel, the Turkish billionaire would finance a US$750 million plant in Venezuela

R. Yuksel, the Turkish billionaire would finance a US$750 million plant in Venezuela

The holding company of Turkish billionaire Robert Yuksel Yildirim signed an investment of US$750 millionfor the construction of an ammonia plant in eastern Venezuela, according to a senior government official. Venezuela’s state petrochemical company, known as Pequivén, signed an agreement with Grupo Yildirim for the construction of a plant that plans to produce 600,000 tons ...

French inflation slows again two days before legislative elections

French inflation slows again two days before legislative elections

French inflation slowed slightly, reinforcing the European Central Bank’s decision to start cutting record interest rates and offers a positive point in economic terms for President Emmanuel Macron two days before the legislative elections. Consumer prices in the euro zone’s second-largest economy rose 2.5% in June from a year earlier, after advancing 2.6% the previous ...

Gas sales, gold reserves and dollar shortage: the reasons for the crisis in Bolivia

Gas sales, gold reserves and dollar shortage: the reasons for the crisis in Bolivia

The situation on Wednesday in La Paz, Bolivia, put all eyes on what seemed to be a coup against President Luis Arce. A failed attempt by the former commander of the Armed Forces, Juan José Zúñiga by overthrowing the president, revealed a crisis, which is not only political, but also permeates the Bolivian economy. With ...

The US says it is closely watching the situation in Bolivia and calls for calm

The US says it is closely watching the situation in Bolivia and calls for calm

USA is closely monitoring the situation in Bolivia and urges calm and moderationa spokesman for the White House National Security Council said Wednesday. Bolivian armed forces took control of the capital’s central square early Wednesday, and An armored vehicle stormed the entrance to the presidential palace followed by soldiers who ran inraising fears of a ...

McDonald's says plant-based trial in two key US cities failed

McDonald’s says plant-based trial in two key US cities failed

A McDonald’s test of its plant-based burger in San Francisco and Dallas “was not successful in either market,” said Joe Erlinger, the network’s U.S. chief executive, on Wednesday. American consumers are not looking for “McPlant or other plant-based proteins from McDonald’s,” Erlinger said at the Wall Street Journal’s World Food Forum in Chicago. Following the ...

Polls prior to the Biden-Trump debate have both politicians in a technical tie

Polls prior to the Biden-Trump debate have both politicians in a technical tie

Looking ahead to the first presidential debate between the president, Joe Biden, and the former president and again candidate, Donald Trump, they arrive with a technical tie in terms of the voting intention of the voters of the American Union. According to the most recent survey conducted by YouGov and sponsored by The Economist, the ...