LATIN AMERICA
Charting the Global Economy: New policies considered to be trade-restrictive hit a record in 2023
The world’s three dominant economies are entering a new, combative phase as the US increasingly uses trade weapons borrowed from China’s playbook.
China’s $8.5 billion in steel spurs Latin America toward tariffs
Mexico, Chile, and Brazil have increased duties on steel products from China. In some cases, the duties have more than doubled over the past few weeks. Colombia may also be planning to do the same.
Rosetta
Elena Reygadas, owner of Rosetta, blends her Mexican roots and English studies in her chef journey. Her fine-dining spot in Mexico City's Roma neighborhood embodies this fusion. Named the World's Best Female Chef in 2023 by the World's 50 Best Restaurants, Reygadas began with a love for pasta and Italian cuisine, but evolved toward Mexican flavors. The restaurant's standout dish is the guava roll, a puff pastry filled with guava jam, showcasing a fruit beloved in Latin America.
Panama's next president says he will shut down one of the world's busiest migration routes
Panama's President-elect Jose Raul Mulino aims to close a major migration route, impacting 500,000 people. Organized crime involvement and challenges in operations and logistics cast doubt on the plan's success.
Nearly 75% of Indians believe that global corporations are a threat to democracy: Report
India is also ranked top among countries fearing that big tech companies like Google, Amazon and Meta threaten democracy.
From spices to steel to drugs, India's exports are being hammered
India's path to becoming a developed country hinges on boosting exports, as demonstrated by China's growth. Leveraging bilateral agreements and FTAs, India is expanding into new markets like Africa and Latin America. Yet, quality issues and trade restrictions pose challenges, such as recent bans on Indian spices in Hong Kong and Singapore. Additionally, green trade barriers like the EU's CBAM could impact key sectors like steel, potentially affecting Indian exports to the EU. Strengthening regulations and meeting global standards are crucial for India to realize its export potential.
- Go To Page 1
Latin American Music Awards 2024 date, schedule: How to watch, performers, hosts
Latin American Music Awards 2024 is going to be one of the most gala events of the month. According to reports, the AMA has also declared the host of this gala night will be Becky G, according to reports.
India's services exports grow 11.4% in 2023: UNCTAD report
Despite global economic uncertainties, India's services exports surged by 11.4% to $345 billion in 2023, outpacing China, whose shipments from the sector shrank by 10.1% to $381 billion, as per a UNCTAD report. Key sectors driving India's growth include travel, transport, medical, and hospitality services. The world's services exports, exceeding $7.9 trillion in 2023 with an 8.9% annual increase in current dollar value terms, were led by developing economies like India, China, Singapore, Turkiye, Thailand, Mexico, and Saudi Arabia. However, India's services imports dipped marginally by 0.4% to $248 billion last year.
'Harvesting data': Latin American AI startups transform farming
For centuries, farmers used almanacs to try to understand and predict weather patterns. Understanding how water moves, how wind moves, how different solar exposures operate throughout your farmland,"is a media partner this year.
Nestle adds sugar to baby cereal sold in India but not in Europe & UK, study reveals
Nestle admitted adding sugar to infant milk in some nations but not in Europe. In the lucrative Indian market, exceeding $250 million in sales in 2022, every Cerelac baby cereal variant contains supplementary sugar, averaging nearly 3 grams per portion."Public Eye's" recent inquiry, disclosed on Wednesday, indicated that Cerelac wheat-based cereals tailored for six-month-old infants retailed by Nestle in Germany, France, and the UK are devoid of additional sugar.
FTAs and new markets will increase India's export to USD 1 trillion by 2030
With these new initiatives, India has seen a surprising surge in exports of precious metals, minerals, automobiles, electronics, pharmaceuticals, organic chemicals, textiles, spices and defence equipment.
Why did Karol G’s private jet made emergency landing in LA? Singer shares horrific experience
Latin artist Karol G, a Grammy winner, found herself in a tense situation when her private jet experienced smoke in the cockpit. This alarming incident forced an emergency landing at Van Nuys Airport in Los Angeles on March 1.
SUVs to continue steering PV sales to record high in FY25, but overall demand scenario a concern
The demand for cars in India is expected to decline in the upcoming financial year, while SUVs are likely to boost passenger vehicle (PV) sales to a record high of 5-7% in FY25, according to CRISIL Ratings. The SUV segment traditionally offers higher margins, and analysts anticipate improved operating margins for auto companies in FY25.
Latin America's troubled state companies lure bond investors
"The government won't want to make a political crisis. Nobody is interested in that," said Peter Varga, a senior portfolio manager at Erste Asset Management GmbH. "It's cheaper to kick down the can on the road, so they'll always help a bit just to avoid default."
'A Body That Works': Netflix acquires rights for Europe, Latin America, US. Know about its cast, director and writer
'A Body That Works' is an award-winning relationship drama made in Israel, that narrates the life and struggle of a childless couple. It became immensely popular in Israel and kickstarted a debate on fertility, family, and the autonomy of women’s bodies.
Eris acquires 51 pc stake in Swiss Parenterals for Rs 637.5 cr
Eris Lifesciences on Tuesday said it has acquired a 51 per cent stake in Swiss Parenterals for Rs 637.5 crore. Ahmedabad-based Swiss Parenterals is a leading player in the sterile injectables business in over 80 emerging markets across Africa, the Asia Pacific and Latin America.
Brazil pitches for 'Scorpene Club' of nations as Macron visits India
In an interview with ET, the Brazilian Secretary of Defence Products said that other areas of cooperation include the possibility of forming a Scorpene club of nations that produce and operate the submarines where best practices and technologies can be exchanged.
India to keep diversifying oil supply, accelerate energy transition
India's Oil Minister, Hardeep Singh Puri, is urging the country to diversify its crude sources and accelerate its energy transition due to supply cuts by OPEC+, costly shipments from Middle Eastern suppliers, and geopolitical tension. Puri believes that supply cuts and uncertainty will dent long-term demand and make it imperative for India to accelerate its transition to green energy
Inter-ministerial meet next week to discuss ways to insulate India's trade from Red Sea crisis
An inter-ministerial group, consisting of officials from various departments and ministries, is set to meet next week to discuss the impact of the Red Sea crisis on India's trade. The recent attacks by Yemen-based Houthi militants have disrupted the shipping route through the Bab-el-Mandeb Strait, prompting shippers to take a longer route through the Cape of Good Hope, leading to delays and increased costs.
Gujarat CID grills 20 passengers of Nicaragua-bound flight sent back by France
According to a senior state Crime Investigation Department (CID) official, those passengers included at least 60 from Gujarat, who have already reached their respective native places in the state. They are being questioned by the department to find out whether they had any plans to cross into the United States of America illegally after reaching Latin America, the official said.
For India, a bit of a cop-out?
For the UAE and COP28 president Sultan Al Jaber, also ADNOC's CEO, it was a chance to demonstrate that an oil and gas economy can deliver for the climate-constrained world. The UAE succeeded somewhat. Progress now depends on securing financing for energy transition for the developing world without stymieing development and ensuring their climate-resilient growth.
Puerto Rican music icon Daddy Yankee quits music to follow Jesus; Here's what he said
While Daddy Yankee's retirement marks the end of a remarkable era in Latin music, his legacy as a reggaeton pioneer and influential figure in the global music landscape will endure. As he embarks on a new chapter focused on his Christian faith, fans and the industry alike will reflect on the enduring impact of Daddy Yankee's contributions to the world of music.
Drinks giant Diageo slides 14% after warning about sales in Caribbean and Latin America
That was a surprise for investors as the company, which counts Johnnie Walker whisky, Captain Morgan rum and Guinness among its stable of brands, had previously indicated a "gradual improvement" in sales growth
Amazon begins layoffs in music streaming unit
Employees in Latin America, North America and Europe received notices that their jobs had been eliminated Wednesday, according to people familiar with the matter.
Sonalika plans Rs 1,000 cr outlay to push exports
Gaurav Saxena, director and chief executive officer (international business), International Tractors Limited said, “We are looking at investing $100 million to set up a dedicated facility for exports. The new unit will have total installed capacity of 100,000 units and will be commissioned within the next two years.”
India, Brazil to work for expansion of PTA with Mercosur bloc
The issue came up for discussion during the meeting of Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva here at the sidelines of the G20 Summit.
How crypto helps Latin America's drug cartels do business
Drug cartels and crime gangs in Latin America have taken up virtual currencies to launder money, receive payments and sell drugs on the darknet because law enforcement authorities are finding it harder to detect the deals, researchers and officials say.
India-Russia trade could touch $100-125 billion over next three years, says Russian industrialist
Oleg Deripaska, the founder of Rusal, one of the world's largest aluminum firms, predicts that India will become one of Russia's top three trading partners in the coming years. He expects that India-Russia trade, which has already increased significantly in the past 1.5 years, will reach $100-125 billion over the next three years. Deripaska also praised the Indian leadership under Prime Minister Narendra Modi and highlighted that Russia is reorienting its economy towards Asia, including India, as well as Southeast Asia, Africa, and Latin America.
Load More
