News of industry

Lula: Brazil 'will not give in' on public procurement in EU-Mercosur deal

26-05-2023 11:25 Brazilian President Luiz Inácio Lula da Silva declared Thursday that Brazil "will not give in" in talks over the free-trade agreement between Mercosur and the European Union.

BLOOMBERG – ANALYSIS

Edward Porter: What Xi Jinping wants in Latin America

28-04-2023 11:29 China is not interested in turbocharging the region’s industrial development. But neither are its investments seeking to challenge the United States.

Lithium in Latin America

Chile’s Boric announces public-private model for tapping lithium reserves

21-04-2023 09:53 Chile’s government delivers long-awaited lithium development policy; State will partner with private firms to tap reserves says President Boric.

MINING & INDUSTRY

Theft of US$1 million in gold suspends Argentina mine project

18-04-2023 08:48 Thieves break into the gold room at Patagonia Gold's Cap-Oeste Project in Santa Cruz Province escape with about 500 ounces of gold.

SOARING PRICES

Inflation at 140% – industry leaders forecast alarming new ceiling

17-04-2023 15:52 Industry leaders are adjusting their accounts and forecasting a monthly inflation rate of at least six percent per month until the end of the year – provided there is no devaluation.

by Ariel Maciel

PRODUCTION & INDUSTRY

Auto industry takes leap forward after stagnant decade

11-04-2023 16:43 New survey from ADEFA car manufacturers association shows a volume of production not registered since October 2013 – more than 61,000 vehicles in a month.

by Gabriela Maidana

MINING & INDUSTRY

Lithium boom delivers job growth to Argentina’s mining industry

28-03-2023 15:09 National industry industry has now recorded 28 consecutive months of job creation growth, with more than 37,000 workers now employed in the sector.

WINE PRODUCTION

Race against time to rescue Argentina’s wine grapes

23-03-2023 00:52 Argentina's grape 2023 harvest will not exceed 15.4 million tons, according to projections by the National Institute of Vitiviniculture (INV). That's 40% less than a normal year.

Oil corruption

Venezuela's oil minister resigns over graft probe

21-03-2023 12:24 Venezuela's oil minister Tareck El Aissami resigned on Monday after prosecutors opened a corruption investigation into officials at the state oil company PDVSA.

Grounded plane row

Whirlpool touts bet on troubled Argentina as others steer clear

25-10-2022 14:38 Whirlpool is betting on demand for front-load washing machines in Latin America with a new state-of-the-art plant in Pilar.

Labour unrest

Union lifts strike after sealing wage deal with tyre-producing firms

30-09-2022 15:40 Workers at the main tyre-producing factories in Argentina have on strike demanding salary improvements, keeping the production of tires in the country paralyzed.

LABOUR TENSIONS

Strike paralyses tyre production, forces closure of car plants

26-09-2022 21:55 A strike by workers demanding higher wages has brought tyre production and activity at two major car factories in Argentina to a complete halt.

POLITICS & ECONOMY

Can’t see the forest for the trees

21-05-2022 06:01 The internal struggles between Alberto and Cristina, along with the rift with the opposition, trivialise the issue of export duties and other much needed reforms that would allow Argentina to unlock its potential.

by Agustino Fontevecchia

BLOOMBERG

As rivals turn screws on mining, Argentina puts out welcome mat

11-05-2022 23:35 Government turns to capital-control loopholes and tax breaks, eyeing export boost as neighbours look to raise mine taxes.

iPod RIP

The end of the iPod: How Apple's now discontinued music player transformed an industry

11-05-2022 13:18 Apple on Tuesday put out word it is no longer making iPods, the trend-setting MP3 players that transformed how people get music and gave rise to the iPhone.

TECH & TAX

Argentina's tech industry earning billions of dollars off the books

22-04-2022 16:30 Billions of dollars in Argentine technology exports are going unreported as companies and freelance workers skirt currency controls, according to an industry group.

FEATURE: VENEZUELA IN CRISIS

Venezuela: the decline of an oil giant in crisis

17-01-2022 08:15 The Maracaibo basin in Venezuela was once a flurry of oil activity, with a halo of light over the complex visible at night from a fair distance. Today, it is a humid swamp that stinks of oil from leaking pipes floating on the water.

ENVIRONMENT & ENERGY

Deepwater oil targeted by Argentine activists who quashed mining

11-01-2022 21:50 After a recent victory in Chubut Province, environmental activists in Argentina are trying to prevent new oil exploration in the Atlantic Ocean.

Lithium in Argentina

French, Chinese firms restart lithium project in Argentina

08-11-2021 10:35 French mining group Eramet said Monday it was reviving a joint project with China's Tsingshan to build a lithium production plant in the north of Argentina to supply the booming electric car industry.

Lithium in Argentina

Argentina at crossroads over the future of its lithium sector

15-10-2021 16:56 Fernández administration wants to boost the state's role in lithium extraction and electromobility, but conflicts with local communities remain.

by Javier Lewkowicz, Diálogo Chino

CRISIS IN VENEZUELA

Sailing boats and cycle rickshaws in oil-rich, fuel-light Venezuela region

18-08-2021 15:13 Venezuelans are improvising to survive chronic fuel shortages in Zulia, the region that saw the birth of the nation's oil industry.

INTERVIEW / PERIODISMO PURO

Matías Kulfas: ‘To lower inflation you need multi-sector agreements and clear objectives’

13-08-2021 22:36 Productive Development Minister Matías Kulfas on trying to lower inflation, the IMF agreement and the role of the state.

by Jorge Fontevecchia

Bloomberg

Colombia gets a leg up in global marijuana export market

09-08-2021 14:50 Colombia is already world renowned for its coffee beans and flowers. Now, a new decree could make it a a major exporter of marijuana as well.

BLOOMBERG

The Argentine river that carries soybeans to world is drying up

06-08-2021 11:22 Key waterway’s troubles deepen strains on nation’s recovery; Falling export values, rising energy imports chip away at peso.

BLOOMBERG - OPINION

United States should look south for better supply chains

04-08-2021 11:31 When it comes to 'friendshoring,' Latin America has much to offer, and much to gain.

environment

Industrial waste turns Patagonian lake into pink lagoon

23-07-2021 21:05 Pollution of a Patagonian lake with a pink industrial fluid provokes alarm among local residents, as well as controversy among officials.

INTERVIEW

María Apólito: ‘Argentina must export more intellectual property and patents'

17-07-2021 10:55 Argentina's software industry employs around 120,000 people. The government wants to raise that figure to half a million by 2030. Biotechnology and satellites targeted as other areas of high potential, says government’s Knowledge Economy Undersecretary María Apólito.

by Leandro Dario

AGRICULTURE & ENVIRONMENT

Is Argentina’s soy boom over?

17-07-2021 10:44 Driven by incentives and environmental concerns, farmers are choosing maize and wheat over what used to be Argentina’s star grain crop.

by Jorgelina Hiba, Diálogo Chino

ECONOMIC INDICATORS

Foreign tourist numbers down 90% in first five months of year

16-07-2021 00:42 Barely 6,800 tourists entered the country in May, while there were 30,000 residents travelling in the opposite direction.

City tourism

Hotels in Buenos Aires face long night of Covid-19

04-07-2021 00:38 Federal Capital is home to almost 900 hotels, of which roughly 70% are shuttered. Hoteliers say they’re in “total despair,” with tourism unlikely to rebound anytime soon.

TECH GIANTS

Facebook wins US antitrust dismissal, surges to US$1-trillion value

28-06-2021 19:23 A judge of the of the US District Court dismissed cases filed in December by the Federal Trade Commission and more than 40 states, which could have impeded Facebook's acquisition of Instagram and WhatsApp.