LatinNews Daily - 02 May 2024

On 1 May thousands took to the streets in Argentina to mark International Workers’ Day and protest against President Javier Milei’s proposed labour reform.... Read More

On 1 May Colombia’s President Gustavo Petro announced that he will sever diplomatic ties with Israel in response to the war in Gaza.... Read More

*A free trade agreement (FTA) between Ecuador and China has come into force, which will allow 99.6% of Ecuadorean exports to enter China tariff-free and will enable the export of new products to China.... Read More

On 1 May Brazil’s President Luiz Inácio Lula da Silva attended a rally in São Paulo, where he reiterated his endorsement for Guilherme Boulos, of the left-wing Partido Socialismo e Liberdade (PSOL), who is running in the city’s mayoral election this October.... Read More

*International credit ratings agency Moody’s has increased its outlook for Brazil from ‘stable’ to ‘positive’, although it has maintained its long-term credit ratings at Ba2, two notches below investment grade.... Read More

On 1 May El Salvador’s new 60-member unicameral legislature took up its seats.... Read More

*Jamaica’s tourism minister, Edmund Bartlett, has said that preliminary gross earnings from tourism are estimated at a record US$4.38bn for fiscal year 2023/2024 which he described as “the largest revenue flow from tourism in the history of the tourism industry”.... Read More

On 1 May Mexico’s President Andrés Manuel López Obrador signed a decree to create a new pension fund, a key part of his plans to overhaul the pension system.... Read More

*Mexico’s Tourism Minister Miguel Torruco Marqués has announced that the country’s tourist economy grew by 5.5% in the final quarter of 2023, compared with the same period in 2022.... Read More

*The Organisation for Economic Co-operation and Development (OECD) has released a new growth forecast for Argentina which expects its GDP to contract by 3.3% in 2024, down from a contraction of 1.6% in 2023.... Read More