Latin America and the Caribbean will expand 2.4% this year, the Economic Commission for Latin America and the Caribbean said, marking the second upward revision since April but pointing to the region's struggle to escape chronically weak growth.
China has sharply criticised the United States for its decision to impose visa restrictions on Central American officials and citizens accused of ties to the Chinese Communist Party, describing the move as evidence of American “arrogance and bias."
The World Bank expects Latin America and the Caribbean’s economy to expand 2.3% in 2025, a slight uptick from 2.2% in 2024, with growth projected to reach 2.5% in 2026.
Spanish telco giant Telefónica SA is preparing to unveil a sweeping redundancy programme affecting more than 6,000 workers before year-end, marking the telecommunications company's most extensive workforce reduction in recent memory.
China has once again rejected American efforts to pressure Latin American nations into reducing ties with Beijing, with a foreign ministry spokesperson asserting the region's right to choose its own development partners independently.
UNDP warns of stagnation and rising vulnerability across the region amid "overlapping crises".
UAE joins 13 countries in establishing Future of Investment and Trade Partnership to promote open trade, strengthen supply chains and address emerging economic challenges globally.
Costa Rica's decision to build a mega-prison modelled on El Salvador's controversial Cecot facility breaks sharply with the nation's democratic traditions and progressive criminal justice policies.
The United States has cautioned American investors about risks in Nicaragua after the Central American nation passed legislation that critics describe as a sweeping land grab along its borders with Honduras and Costa Rica.
The UN Economic Commission for Latin America and the Caribbean has lifted its 2025 regional growth estimate to 2.2% from a previous 2.0% projection, whilst acknowledging that economic expansion remains constrained by global volatility