Business
Latin America’s Private Sector Is Failing the Region, Economist Mazzucato Warns
Latin America has a “massive private sector problem” with companies that profit from an excessively cozy relationship with the government but fail to invest enough, a leading international economist...
Mexico Nationalizes Salt Producer ESSA, Buys Mitsubishi’s Stake
Mexico’s government has nationalized Exportadora de Sal SA after buying 49% of the salt producer from Mitsubishi Corp. for 1.5 billion pesos ($87.6 million).
The Guerrero Negro-based salt producer also...
Costa Rican Economy Expected to Be the Second Fastest Growing in Central America in 2024
Costa Rica is expected to have the second-highest economic growth in the region, according to an analysis by Strategy Negocios magazine published earlier this month.
The study projects the GDP...
Cuba’s Top Cigar Maker Smokes Sales Record on Booming High-End Demand
Cuba's top cigar maker Habanos said on Monday its sales had soared to a record $721 million in 2023, a benchmark the company's executives attributed to booming demand for...
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The Drop in Panama Canal Traffic Due to A Severe Drought Could Cost Up To $700 Million
A severe drought that began last year has forced authorities to slash ship crossings by 36% in the Panama Canal, one of the world’s most important trade routes.
The new...
Mine In Guatemala Threatens National Security Of El Salvador
The opening of an open-pit gold mine in Guatemala is seen in El Salvador as a national security problem, according to parliamentarians.
The authorization in the neighboring nation of the...
