According to sources from Reuters, the central bank bought a total of $855 million in May, representing the largest monthly purchase of greenbacks since last September. Argentina's economic outlook recently improved following a series of incentivized grain exports via a preferential exchange rate which yielded a total of $5 billion. The policy ended on Wednesday. Argentina was also … [Read more...] about Argentina’s central bank makes largest U.S. dollar purchase in past five months
Cuba’s President Re-Elected for Second Term – Economic Crisis A Nonissue
President Miguel Díaz-Canel was re-elected for a new five-year term by the Communist Party of Cuba-aligned National Assembly on Wednesday. In the midst of one of the islands worst economic crises, and in a country where political opposition is illegal, the Cuban parliament voted 459 of the 462 in favor of reelection. This all comes on the heels of food and medical supply shortages and … [Read more...] about Cuba’s President Re-Elected for Second Term – Economic Crisis A Nonissue
Argentina’s Annual Inflation Reaches 104.3 % Poverty 40%
Argentina is facing its worse inflationary crisis since 1991 following a monthly inflation report of 7.7%, far exceeding the expected rate of 7.1%. Argentinians are facing rising costs, declining savings and economic turmoil, placing additional strain on the country's government. According to sources, record inflation is a result of elevated international pricing and a severe drought … [Read more...] about Argentina’s Annual Inflation Reaches 104.3 % Poverty 40%
Fake News Replaced by Vague News – “Chinese in almost every country in Latin America” and NYC…
As economic concerns over international trade increase, recent reports have focused on China's presence in Latin America. Vague headlines such as "The Chinese are in almost every country in Latin America: Rep. Henry Cuellar" imply a physical presence rather than increasing overall influence. Yet, while reporters focus on the effects of China's influence in other countries, news reports … [Read more...] about Fake News Replaced by Vague News – “Chinese in almost every country in Latin America” and NYC…
Move Over Pizza – Latin Food Overtaking Italian as America’s Favorite
A recent study showed Americans are increasingly requesting Latin and Tex-Mex style foods at restaurants. According to Datassential, a restaurant-menu consultancy company, Mike Kostyo (the "trendologist") analyzed 2022 menu data and found that customers had moved away from traditional Italian offerings. Trend analysis revealed that customers tended more towards spicier selections, such … [Read more...] about Move Over Pizza – Latin Food Overtaking Italian as America’s Favorite