President Alberto Fernández, announced on Wednesday that Argentina together with Mexico, will produce for Latin America the coronavirus vaccine developed by the AstraZeneca laboratory in collaboration with the British University of Oxford.
A series of high-profile resignations from Brazil’s economic team have left Economy Minister Paulo Guedes shaken but committed to keep pushing for reforms in the government. The losses are also the most visible sign yet that Guedes’ ambitious economic agenda is suffering a downgrade in size and scope, although his austerity drive received a crucial backing from President Jair Bolsonaro and congressional leaders.
As Latin America continues to battle the coronavirus outbreak, some economies in the region could see a “record-breaking contraction” not seen since World War II, according to investment bank Goldman Sachs.
Brazil's National Supply Company (Conab) said the current wheat crop (2019/20) has the potential to be a record. As a result, Brazilian cereal imports should fall. The agency believes that production should reach 6.8 million tons, 21.2% more than in the previous harvest.
Ecuador expects a quick resolution to a trade dispute with China over traces of coronavirus in a container of exported shrimp that led Beijing to suspend imports from three companies, Ecuador’s production and trade minister said on Tuesday.
Brazil is amassing a record debt that has evoked memories of crises past in South America's largest economy, but some economists say rock-bottom interest rates and low foreign debt mean the government can continue to spend its way out of recession.
The governor of Sao Paulo, the state with the highest COVID-19 death toll in hard-hit Brazil, said on Wednesday he had tested positive for the new coronavirus and would continue working from quarantine.
This is a clear example of the kind of cooperation needed to battle the Covid-19 pandemic globally, UK Ambassador Mark Kent said following the Wednesday announcement of the agreement for the production in Argentina of the vaccine currently being developed by the AstraZeneca lab and the University of Oxford.
After reaching a US$ 65 billion restructuring agreement in principle with its creditors earlier this month, Argentina must now turn to relief from the International Monetary Fund to free up cash in the near term, the Institute of International Finance, IIF said on Tuesday.
A single BRF SA unit accounted for about 29% of COVID-19 cases at slaughterhouses in Brazil’s Parana state, according to the most recent data available, underscoring the challenges for stemming outbreaks at meat plants.
Brazil's President Jair Bolsonaro on Tuesday angrily denied the existence of fires in the Amazon rainforest, calling it a “lie”, despite data produced by his own government showing that thousands of fires are surging across the region.
Angry residents in Peru’s Andean and Amazon regions have attacked three mining and oil sector firms in the last week, two of which were forced to halt operations after deadly clashes, as a second wave of COVID-19 infections hits the country.
Brazil’s Parana state is in talks to produce a COVID-19 vaccine approved by Russia despite not having completed mass clinical trials, but it was unclear if the state’s research institute would get regulatory approval in Brazil.
According to the Brazilian Association of Animal Protein, (ABPA), in July, Brazilian pork exports (both fresh and processed) totaled 100,400 tons – 47.9% higher than in the same period of 2019, with 67,900 thousand tons. In revenue terms, the total balance of July reached US$203.1 million, a figure 37.3% higher than that registered in July last year, at US$147.9 million.
Mexico’s legendary masked wrestlers have been economically body-slammed by the coronavirus pandemic, with some resorting to food parcels or even underground fights to survive a ban on sporting events.
