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Miguel Ángel Pesce, the president of Argentina’s Central Bank (BCRA), stated that there is no “magic solution” to inflation and emphasized that combating the rapid price increase requires more than just economic growth. Pesce addressed the issue during his speech at the Monetary and Banking Conference 2023, emphasizing that believing trade surpluses alone can solve […]
Alexey Navalny, a well-known Russian lawyer and anti-corruption campaigner, passed away at the age of 47. Prison authorities have confirmed his death following a sudden illness, with ongoing investigations into the exact cause. Navalny criticized Russian corruption on social media, bypassing state media. He tried to enter politics, facing obstacles in running for mayor and […]
The Labor Minister of Peru, Fernando Varela, confirmed on Tuesday that a significant 76.8% of the nation’s working population is engaged in informal employment, which is not regulated by the official economy. In light of this, the government will unveil a comprehensive three-phase strategy to address the issue. Varela commented, “Our current official figures indicate […]
Stellantis, owner of Fiat, Peugeot, Citröen, and Jeep, plans to commence production of its first flex hybrid vehicles, which integrate ethanol and electricity, in Brazil by 2024. The move is a strategic response to the growing electric vehicle competition in Latin America’s largest economy. Ranked the fifth largest automaker globally in sales, Stellantis has three […]