In a bold move, Argentine President Javier Milei announced the end of the PAIS tax on imports by December 2024. This decision signifies a major shift in Argentina’s economic policy. It aims to reduce inflation and stimulate growth. The PAIS tax, implemented in late 2019, imposed tariffs on imported goods to increase federal revenue. It […]
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Argentina halts meat exports to reassess pricing
On Tuesday, the Argentine government declared a 15-day suspension on meat exports to reexamine the pricing structure with local meatpacking firms following the nation’s currency fluctuation exceeding 20 percentage points. The announcement by the Commerce Secretary came a day after the primary election results highlighted the win of right-wing candidate Javier Milei. The suspension will […]
Ransom at Rio: Park Project Held Hostage by Crime Groups
In a new development, Mayor Eduardo Paes is actively confronting a growing, dangerous criminal trend in Rio de Janeiro. Criminal factions are extorting R$ 500,000 ($100,000) to permit the construction of Parque Piedade, a development with a budget of R$65 million ($13 million). This echoes a national issue of criminal influence on development projects. Rio’s […]