News
Latin America Dominates the World's Best Food Cities, Led by Lima
2+ hour, 37+ min ago (837+ words) Latin America " Culture "The winner. Lima was named the world's best city for food in Time Out's 2026 ranking. "The sweep. Four Latin American cities reached the global top twenty. "The lineup. Lima led, with Medell'n, Mexico City and Buenos Aires…...
Lula's Flagship Credit Program Faces Early Setback
2+ mon, 2+ week ago (466+ words) " Private-sector payroll loan originations fell 22. 5% in February to R$7. 1 billion ($1. 25 billion), down from R$9. 2 billion ($1. 6 billion) in January " Average interest rates on private consignado loans rose from 57. 4% to 59. 4% annually " the opposite of what Lula's Cr'dito do Trabalhador program was designed…...
Debt Deal Hands Control of Inter Cement to Creditors, Redefining Market Leadership
10+ mon, 2+ week ago (329+ words) Inter Cement, one of Brazil's largest cement makers, and its parent group Mover, have finalized a landmark debt deal after months of legal battles over unpaid loans. Both firms, heavily in debt and in court-supervised restructuring since December 2024, faced more…...
Brazilian Debt Down, but Millions Still Struggle to Pay
10+ mon, 4+ week ago (306+ words) Official figures in early 2025 show a small drop in household debt defaults in Brazil, but the problem remains widespread. About 8. 65 percent of Brazilians failed to pay their bills on time during the first half of the year, an improvement from…...
Uruguay Sees Big Jump in Tourists and Spending in Early 2025
11+ mon, 3+ week ago (289+ words) Uruguay's Ministry of Tourism reported a strong start to 2025, with 1, 368, 083 foreign tourists visiting the country between January and March. This is over 230, 000 more visitors than the same time last year. Tourists spent $891 million in those three months, which is $180 million…...