The central banks of Brazil, Chile, and Colombia are poised to make crucial economic policy decisions. These countries, among the largest economies in Latin America, will potentially set a trend for the region as they work to control inflation. Their actions matter because they can influence economic stability and growth across Latin America. In Brazil, […]
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Shipping firms pay record sums for fast passage through Panama canal
Shipping firms are forced to pay record sums for fast passage through a backlog of ships waiting to traverse the Panama Canal. A drought exacerbated this situation. A company recently paid US$2.4 million, plus a $400,000 standard fee, for expedited vessel passage, reported Avance Gas Holding Ltd. The ship queue has grown due to drought-induced […]
Peru Closes Multiple Ports Due to Wave Warnings
Peru’s INDECI has shut 102 coastal ports for at least 24 hours due to strong wave alerts, and local and regional officials received advice to guide residents on how to stay safe. Officials also recommend stopping all fishing. They suggest small boats should return to shore. “Avoid sports and fun activities while waves are high,” […]