LatinNews Daily - 5 September 2024

On 4 September a judge in Mexico’s Morelos state ordered the definitive suspension of the process to debate and vote on President Andrés Manuel López Obrador’s judicial reform, which passed the lower chamber of congress the same day.... Read More

On 4 September Colombia’s state oil company, Ecopetrol, warned that the protests over cuts to diesel subsidies and frequent attacks on the pipeline system could result in fuel shortages.... Read More

*The Observatorio Venezolano de Finanzas (OVF), an independent economic think tank, has calculated that Venezuela’s monthly inflation rate in August was 2.8%, bringing the annual rate to 52.0%.... Read More

On 4 September Brazil’s President Luiz Inácio Lula da Silva met with federal deputy Hugo Motta, who is affiliated with the conservative Republicanos party and is considered a strong contender to assume the presidency of the lower house in February. ... Read More

*Brazil’s national statistics institute (Ibge) has released its latest figures for the country’s industrial production, which showed that production dropped by 1.4% in July compared to the previous month, although it was up 6.1% compared to July 2023.... Read More

On 4 September the head of the Honduran anti-corruption lobby group Consejo Nacional Anticorrupción (CNA), Gabriela Castellanos, called on President Xiomara Castro to resign due to the “serious accusations of drug trafficking presented against close family members”.... Read More

*Cuba’s minister of energy and mines, Vicente De La O Levy, has said the country is working on a transition strategy towards renewable energy and renovation of old thermoelectric power plants after enduring a “tense” August with widespread power cuts.... Read More

*Mexico’s national statistics institute (Inegi) has published new figures showing that the unemployment rate of the economically active population – those aged 15 or over who are either employed or seeking employment – was 2.9% in July.... Read More

On 4 September Argentina’s presidential spokesperson, Manuel Adorni, announced that 1,500 staff had been laid off from state airline Aerolíneas Argentinas.... Read More

*Chile’s central bank (BCCh) has released its latest monetary policy report (IPoM) in which it forecasts that Chile’s GDP will grow between 2.25% and 2.75% in 2024, lowering the upper limit from 3.0% in its previous June IPoM report. The BCCh states that, while it still expects private consumption to regain momentum, “its level at the end of the forecast horizon will be lower than in the previous estimate”.... Read More