Latin American News Roundup September
As specialist logistics service providers to and from the region, Envío has summarised a few recent items of Latin American news from the month of September
Argentina – Poverty Rate Soars
Argentina’s poverty rate has soared to nearly 53% in the first half of this year, which may be grim evidence of the impact of President Milei’s tough austerity measures. The rate went up steeply from 41.7% at the end of last year and is double the level of 26% from just seven years ago, outlining the severe cost to the Argentinian public of repeated economic crises.
Argentina’s poverty rate has soared to nearly 53% in the first half of this year, which may be grim evidence of the impact of President Milei’s tough austerity measures. The rate went up steeply from 41.7% at the end of last year and is double the level of 26% from just seven years ago, outlining the severe cost to the Argentinian public of repeated economic crises.
Brazil – Microsoft Investment
Tech giant Microsoft pledged to invest 2.70 billion US Dollars into Brazil over the next three years to enhance its cloud infrastructure and artificial intelligence capabilities, which is their largest ever investment in the country. The massive adoption of AI could add as much as 4.2 percentage points to Brazil’s economic growth by the end of the decade.
Tech giant Microsoft pledged to invest 2.70 billion US Dollars into Brazil over the next three years to enhance its cloud infrastructure and artificial intelligence capabilities, which is their largest ever investment in the country. The massive adoption of AI could add as much as 4.2 percentage points to Brazil’s economic growth by the end of the decade.
Chile – Six New Lithium Projects
Chile’s government has selected six areas for new lithium extraction projects, which will be led by private companies. The government is about to begin consulting with indigenous communities near the newly proposed sites and will be accepting bids from private firms until the end of the year. Chile is the world’s second-biggest producer of lithium, behind Australia.
Chile’s government has selected six areas for new lithium extraction projects, which will be led by private companies. The government is about to begin consulting with indigenous communities near the newly proposed sites and will be accepting bids from private firms until the end of the year. Chile is the world’s second-biggest producer of lithium, behind Australia.
Ecuador – Power Cuts Due To Drought
Ecuador is currently in the middle of an energy crisis, with its government recently confirming that there the eight hours of power cuts per day will now be extended to 12 hours per day. up from a planned eight. The worst drought in the country’s recent history has led to the issues as hydroelectric power accounts for over 70% of Ecuador’s energy generation.
Venezuela – Opposition Party Leader Arrested
Venezuela’s government recently rejected a United Nations human rights report which criticised the repression of political opponents in the wake of the recent contested election, stating it was a sign of coercion against the state. A U.N. fact-finding mission presented the report to the Human Rights Council in Geneva, stating that the Venezuelan state was using violent methods to repress political opponents after the disputed July 28th vote.
