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Economy

Buenos Aires, Aug 16 (Prensa Latina) As another urgent measure to contain the situation caused by the fall of the Argentine peso against the US dollar, President Mauricio Macri announced on Thursday that he would eliminate Value Added Tax (VAT) on basic food items.


Santiago de Chile, Aug 16 (Prensa Latina) The intense drought affecting Chile will have a negative impact on agricultural yields, sector Minister Antonio Walker said during an interview posted on Friday on the Emol website.


16 de agosto de 2019, 11:50New York, USA, Aug 15 (Prensa Latina) The West Texas Intermediate (WTI) and Brent Crude oil prices this Thursday fell 76 cents and 1.25 dollar in New York and London, respectively, struck by fears of economic recession.


Panama, Aug 16 (Prensa Latina) The celebrations of the 500th anniversary of Panama City on Thursday overshadowed the festivities to mark the inauguration of the Panama Canal 105 years ago, when the Ancon steamship sailed through the interoceanic waterway.


Havana, Aug 16 (Prensa Latina) Tour operators working with this destination expressed their satisfaction on Friday for the arrival of three million tourists to Cuba so far this year.


Caracas, Aug 15 (Prensa Latina) As part of Venezuela''s strategy to face the U.S. blockade, President Nicolas Maduro approved the creation of a foundation to bring universities and scientific centers together as part of a single body.


Lima, Aug 15 (Prensa Latina) The Peruvian government on Wednesday announced a recovery after falling economic growth in April and May, and noted that a growth rate of over 2.5% was reported in June.


Buenos Aires, Aug 15 (Prensa Latina) Argentine President Mauricio Macri is facing one of his worst periods in office, four months before the end of his term, which has been characterized by the fall in salaries, mega devaluations, and store closures.


Beijing, Aug 15 (Prensa Latina) US-led trade war against China more than a year ago will hurt the economies of both nations, experts in Beijing warned today.


Text and photos: Roberto F. Campos

Havana, Aug 15 (Prensa Latina) Cuba's western Cienaga de Zapata wetlands offer the ideal setting for the 12th International Nature Tourism Event (TURNAT 2019), a meeting much-awaited by experts on the issue.


Berlin, Aug 14 (Prensa Latina) After a positive result in the first quarter of the year, the German economy is shrinking as trade tensions weighed on its export-heavy manufacturing sector, according to official data published Wednesday.