In 2023, Peru faced a deepening economic strain, evidenced by rising poverty levels and falling real incomes. Nearly 30% of Peruvians, equating to 9.7 million individuals, lived below the poverty line, marking an increase of 1.5 percentage points from the previous year. This trend was particularly pronounced in urban areas, where poverty rates escalated to […]
Related Posts
Nicaragua Shuts Down Last Bastion of Intellectual Freedom
Nicaragua’s leadership has closed Managua’s Central American University (UCA). The official newspaper, La Gaceta, claims the university encouraged violence. Juan Carlos Arce, a rights advocate, worries about the country’s reduced spaces for open thinking. Five years ago, students protested against the leadership at this university. Maria Gómez, a UCA student, spoke to the LA Times […]
Moody’s Boosts Vale’s Credit Rating Two Notches Above Brazil
Moody’s has upgraded Vale’s credit rating, showcasing the mining company’s robust financial health. The rating agency raised Vale’s senior unsecured rating from “Baa3” to “Baa2” with a positive outlook. This change follows Brazil’s recent rating upgrade, reflecting significant credit improvements. Vale now stands two notches above Brazil’s sovereign rating, a testament to its strong business […]

New regulations for online shopping in Brazil come into force this Tuesday
The new taxation regulations for international online purchases come into effect this Tuesday, August 1st. These rules allow businesses to make sales up to US$50 to individuals tax-free, specifically free from Import Taxes, charged by the federal government. According to government economic team members, businesses that do not adhere to these regulations will be scrutinized […]