News of latin america

BLOOMBERG - OPINION

Latin America infrastructure woes add to inequality

Yesterdat 09:25 The poorest workers and households in the region shoulder an inequitable share of the cost of ramshackle transportation, dirty water, serial power outages and patchy communications. Throw in the coronavirus pandemic, and the plight of those at the bottom is even more dire.

by Mac Margolis

BLOOMBERG

Trump hits wall with bid to place ally at Inter-American Development Bank

09-08-2020 08:08 Mexico wants to delay election of a new chief for the Inter-American Development Bank, amid controversy over US President Donald Trump’s push to have a close ally at the helm of the institution.

AS I SEE IT

Culture matters more than computers

08-08-2020 09:51 The technology that provides people with the equivalent of dozens of huge libraries is certainly marvellous, but only those who have already been fairly well educated are able to benefit from having the accumulated wisdom of humankind there at their fingertips.

by James Neilson

BLOOMBERG

China and Argentina resume joint venture for space exploration

08-08-2020 08:39 China and Argentina have resumed plans to work together on outer space exploration in a sign of the Asian nation’s growing influence in the administration of President Alberto Fernández.

Global pandemic

Colombia's long virus lockdown fuels anxiety and depression

05-08-2020 23:49 In the Colombian capital of Bogotá, the mayor’s office reports that suicide attempts are up 21% since the start of quarantine, with psychologists also reporting a rise in new patients.

Global pandemic

Latin American coronavirus cases top five million

03-08-2020 23:52 Global infections passed 18 million, with Brazil driving the regional surge. South America's largest country has recorded 2.75 million cases, and close to half the region's 202,000 deaths.

Los 33 mineros de Atacama

A decade on, hero Chilean miners are bitter and divided

03-08-2020 23:00 A decade ago, 33 Chilean miners became a symbol of hope and solidarity after surviving for more than two months trapped deep underground in the Atacama desert. Today, the men are at odds, mired in trauma, illness, jealousy and bitterness.

CRISIS IN VENEZUELA

Venezuelan coalition opposed to Maduro rejects upcoming vote

02-08-2020 18:52 Coalition of political parties in Venezuela led by Juan Guaidó says it won't participate in upcoming congressional elections called by officials loyal to President Nicolás Maduro.

COPA LIBERTADORES

Fernández questions if local clubs should play in Copa Libertadores

30-07-2020 23:14 President asks if local clubs should be travelling to participate in the region’s most prestigious football tournament, given the advance of Covid-19 in Latin America.

BLOOMBERG - OPINION

A refugee crisis is the last thing Latin America needs

29-07-2020 15:55 Latin America is already confronting a public health calamity, an unprecedented economic collapse and incipient social unrest. The last thing it needs is a refugee crisis, as well.

by Mac Margolis

Global pandemic

Latin America tops four million coronavirus cases

23-07-2020 11:06 More than four million coronavirus cases have been recorded in Latin America and the Caribbean, half of them in Brazil.

Global pandemic

Chile seeks to end confinement amid global Covid-19 spikes

20-07-2020 14:13 Chilean President Sebastián Piñera announced the "Step by Step" plan to get out of 60 days of quarantine.

FOREIGN POLICY

Government calls for 'inclusive, transparent and credible' elections in Venezuela

16-07-2020 02:24 Argentina shifts stance on Venezuela, expressing "deep concern" over alleged human rights violations in troubled nation and calling for "inclusive, transparent and credible" elections.

QUICK TRIP TO ASUNCIÓN

From Paraguay, Macri says Peronist government should be ‘given time’

14-07-2020 01:15 Former president Mauricio Macri uses private jet owned by tobacco company to visit Asunción for talks with ex-Paraguay president Horacio Cartes and current leader Mario Abdo Benítez.

AIRLINES & AVIATION

LATAM secures new financing to help stave off bankruptcy

09-07-2020 17:47 Latin America's biggest airline says it has secured US$1.3 billion in financing from a US investment fund to help it survive the aviation industry crisis brought on by the coronavirus.

Global pandemic

Latin America & Caribbean surpasses three million Covid-19 cases

07-07-2020 23:58 The region is the current epicentre of the global pandemic, with 3,023,813 cases and nearly 140,000 deaths – almost half of them in Brazil, the hardest hit country in the world after the United States.

TRAVEL & TOURISM

Pandemic to deliver 'unprecedented' blow to tourism in Latin America, Caribbean

02-07-2020 03:21 Coronavirus pandemic to deliver "unprecedented blow" to tourism in Latin America and the Caribbean, the Inter-American Development Bank warns.

BLOOMBERG – OPINION

Covid-19’s toll will rewrite Latin America's future

01-07-2020 23:22 The multiple crises assailing Latin America might not go entirely to waste, but to achieve lasting salutary change, the region must address the systemic vulnerabilities laid bare by the pandemic.

by Mac Margolis

Global pandemic

Latin America, Caribbean may see virus deaths quadruple: experts

01-07-2020 17:39 Pan American Health Organisation warns virus death toll in Latin America and the Caribbean could top 400,000 by October without stricter public health measures.

Videoconference

Latin American leaders ask IMF, IDB, World Bank officials for support

25-06-2020 01:34 Presidents of nine Latin American nations ask International Monetary Fund, World Bank and the Inter-American Development Bank for support during virus crisis, including restructuring of debt.

Global pandemic

IMF predicts Argentina's economy will slump 9.9% in 2020

25-06-2020 01:16 Warning of the biggest slump since the Great Depression, International Monetary Fund warns coronavirus crisis will sink global economy in 2020, predicts global collapse in GDP of 4.9%.

Coronavirus economies

IMF forecasts deeper Latin America recession in 2020

24-06-2020 16:59 International Monetary Fund predicts 9.4% contraction in Latin America and the Caribbean, largely due to the economies of Mexico and Brazil, both of which are struggling to contain the Covid-19 pandemic.

Global pandemic

Judge orders Brazil's Bolsonaro to use face mask in public

23-06-2020 15:33 Judge Renato Coelho Borelli said in his ruling that Bolsonaro “has exposed other people to the contagion of a disease that has caused national commotion.”

Global pandemic

Coronavirus decimating indigenous Latin American communities

23-06-2020 09:39 Indigenous people in Latin America have been decimated by the coronavirus pandemic due to weak immune systems and centuries of state neglect.

INTERAMERICAN DEVELOPMENT BANK

Trump expolits Latin America split to push adviser for IDB post

20-06-2020 10:54 US president taps Mauricio Claver-Carone for Inter-American Development Bank presidency, severely damaging President Alberto Fernández hopes for his adviser Gustavo Beliz’s candidacy.

Life in quarantine

Hungry neighbours cook together as virus roils Latin America

19-06-2020 19:56 Economic shutdowns have forced poor Peruvians, Argentines and tens of millions of others to fall back on community-based food kitchens, unseen in large numbers since crises like Peru’s 1990s civil war or Argentina’s financial crash two decades ago.

Bloomberg

IMF builds a US$107 billion safety net under key Latin Economies

19-06-2020 19:34 After markets suffered a free-fall in the first quarter, Chile and Peru rushed to join Mexico and Colombia as the only nations in the world with access to the Fund’s Flexible Credit Line, or FCL.

Inter-American Development Bank

Testing tradition, Trump taps senior adviser to lead Latin bank

16-06-2020 23:00 Trump's hand-picked candidate, Mauricio Claver-Carone, looks likely to go head-to-head with Gustavo Beliz for the role, as US breaks with tradition of choosing a Latin American to lead the Inter-American Development Bank.

Bloomberg

Uber sees grocery delivery sparking its next wave of growth

15-06-2020 15:05 Delivering groceries is Uber Technologies Inc’s next frontier – at least in Latin America.

Bloomberg

For less than US$400,000 you can now get Uruguay tax residency

15-06-2020 08:29 Starting in July, foreigners who live at least 60 days a year in Uruguay and buy real estate valued above 3.5 million inflation-linked UI – currently equivalent to US$378,000 – will qualify for tax residency.

Global pandemic

Brazil virus deaths top 40,000, 1.5 million cases in Latin America

11-06-2020 22:02 The news came as the number of Latin American cases of the virus broke through the 1.5 million barrier, with more than 73,600 deaths now recorded in the region from Covid-19.

Periodismo puro / Interview

Rifat Atun: 'The coronavirus pandemic has increased inequality'

11-06-2020 17:48 Dr Rifat Atun, professor of Global Health Systems at Harvard, tells Jorge Fontevecchia in an interview that it will "probably take around 10 to 12 months before a vaccine is available globally."

Bloomberg

Inflation in full retreat means Latin America can boost stimulus

10-06-2020 16:32 Consumer prices fell last month in several major economies in Latin America due to the decrease in demand resulting from the coronavirus pandemic.

Global pandemic

Brazil expunges virus death toll as data befuddles experts

07-06-2020 22:01 Jair Bolsonaro's government stops publishing a running total of deaths and infections from Covid-19, claiming it is "not representative" of the country's current situation.

BLOOMBERG

It’s Covid code red in Latin America with no signs of peaking

07-06-2020 16:40 One of the most urbanised and unequal regions in the world with the slowest growth and a history of profound public mistrust of government, Latin America, with its 650 million inhabitants, is now a grim laboratory of viral pandemic.

'El Presidente'

FIFA 'mafia' depicted in new Amazon Prime satire from Argentine creator

04-06-2020 01:44 New series "El Presidente," brought to life by Argentine writer Armando Bo, is a witheringly satirical take on the 2015 "Fifagate" corruption scandal. Oh, and it's 'narrated' by Julio Grondona, from beyond the grave...

CRISIS IN VENEZUELA

Virus forges rare accord among Venezuela's bitter rivals, Maduro and Guaidó

03-06-2020 16:04 One-page agreement, signed June 1 by Maduro's health minister and National Assembly representative, says both sides will work in coordination to find funds for fighting the coronavirus.

Global pandemic

WHO warns of pressure on Latin American health systems

02-06-2020 15:21 Four of the 10 countries showing the greatest number of new Covid-19 cases over the last 24 hours were in Latin America, the World Health Organisation's emergencies director Michael Ryan said.

Global pandemic

Latin America ignores Europe and reopens, as virus peak nears

01-06-2020 22:44 Most South American countries have begun easing Covid-19 restrictions even as the region hurtles toward its viral peak, disregarding the example set by European nations that were battered earlier by the virus.

TRAVEL & TOURISM

Latin America's stricken airlines facing long haul to recovery

31-05-2020 08:11 IATA aviation body estimates it will take at least that time for the region's airlines to inch back to their pre-pandemic level for domestic and regional flights. Long-haul services to the United States and Europe will take until 2024 to come back, it predicts.

GLOBAL PANDEMIC

Trump says the United States will cut ties with WHO

30-05-2020 10:04 Move likely to spark dismay, especially in other parts of the world where the coronavirus outbreak has yet to reach its peak.

Global pandemic

Disease that began among rich shifts to Latin America's poor

29-05-2020 13:04 The virus, initially brought to the region largely by wealthy citizens or visitors coming from Europe and the United States, is now increasingly concentrated in poorer neighbourhoods, where residents have few means of protecting themselves.

Global pandemic

Latin America now accounts for roughly 40% of daily coronavirus deaths

28-05-2020 13:39 The statistics are chilling: Brazil has more cases than any country except the United States and some models forecast that deaths, currently at 25,000, could more than quadruple in coming months.

Corruption

Spread of coronavirus fuels corruption in Latin America

27-05-2020 13:20 Even amid a global pandemic, there’s no sign that corruption is slowing down in Latin America. Perhaps the biggest case is in Bolivia, where the health minister was arrested amid allegations that officials bought 170 ventilators at inflated prices.

BLOOMBERG

BlackRock, Ashmore form Ecuador creditor group as swaps pay out

21-05-2020 14:02 Ecuador is slashing spending and negotiating a new loan package with the IMF, while money managers line up together to present a united front for restructuring talks.

Coronavirus pandemic

Brazil sees record virus deaths as pandemic surges in Latin America

20-05-2020 17:10 Health officials in Brazil reported 1,179 new coronavirus deaths on Tuesday – the first time the daily toll exceeded 1,000.

Global pandemic

'This is war' – Virus charges beyond Latin American hot spots

19-05-2020 16:07 Coronavirus crisis threatens to overwhelm Latin American cities stretching from Chile to the Colombian Amazon, in an alarming sign that the pandemic may be only at the start of its destructive march through the region.

Global pandemic

Lockdown easing in Europe, but virus hits hard in South America, Africa

18-05-2020 12:29 Rising death tolls in Brazil, South Africa and other parts of the world show the worst is still to come for many countries.

Coronavirus pandemic

Latin America and Caribbean records 500,000th virus case

17-05-2020 08:42 Almost half of the region's cases have been recorded in Brazil, which has now recorded more than 15,000 deaths. Number of confirmed cases in Argentina rises to 7,805, with 363 fatalities to date.

BLOOMBERG

Bank of America says Latin America’s economy to crash 6.8% this year

15-05-2020 15:55 Bank of America Corp expects Latin America’s economy to slump by 6.8 percent this year and warned that plans to reopen businesses are unlikely to go smoothly as new cases continue to soar.