The Argentine Justice ruled again this Thursday in favor of suspending a labor reform included in a vast decree by the president Javier Milei and rejected by the unions. In addition, a federal judge authorized the processing of other protections against the decree during the judicial fair. The decision of the Chamber of Labor Appeals […]
Tag: Economic crisis
It’s not Argentina: which country has the highest unemployment rate in Latin America?
After the pandemic, a large part of Latin American countries saw their economies affected. Many lost their jobs, some got another, but the consequences continue to affect various nations. For this reason, the International Labor Organization has published the report ‘Labor Overview of Latin America and the Caribbean’, which shows the ranking of the countries […]
Cuba will raise fuel prices and end the universal subsidy for the basic basket
He cuban government announced this Wednesday an economic shock plan for 2024 with increases in fuel prices, the electricity, he water and other services, as well as the end of the universal subsidy for the basic food basket. The Cuban Prime Minister, Manuel Marrero, advanced this plan when speaking on the first day of the […]
Cuba evaluates launching a “macroeconomic stabilization program” in the face of the crisis
The leadership of the Communist Party of Cuba (PCC, the only legal one) is studying launching a macroeconomic stabilization program that will address the current monetary, financial and fiscal imbalances, in addition to getting the country out of the deep crisis it has been suffering for three years. The VII plenary session of the Central […]
Argentina will not allow street closures or blockades of companies as a form of protest
He Argentine government warned this Thursday that the security forces will not allow street and highway closures or blockades of companies from now on as a form of social or union protest. “The streets are not taken. “We are going to organize the country so that people live in peace,” The Minister of Security, Patricia […]
Argentina devalues peso more than 50% and cuts expenses to deal with economic crisis
The brand new Argentine government headed by the libertarian Javier Milei announced on Tuesday a series of orthodox measures to deal with a serious financial crisis, including a drastic spending cut and a 54% devaluation of the peso. In the context of an annual inflation close to 150% and a poverty of 40%, The Government […]
6 out of 10 mypes do not have great expectations of the Christmas campaign
The Christmas campaign is one of the most important for micro and small businesses (MSEs), since sales are crucial to generate resources and start the following year well. However, according to the latest survey by the Mype Studies Center at the national level, 60% of mypes in services, manufacturing, commerce and tourism expects sales in […]
Cuba: state electricity company expects blackouts to rise to 34%
The state company Unión Eléctrica (UNE) of Cuba It foresees an impact on almost 34% of the island for this Sunday, which closes a week with the highest rates reported since the end of last October. Power supply cuts are common on the island due to the economic crisis it has suffered in recent years, […]
Minister of Labor: “The minimum wage is not enough, but we have to get through the recession”
The head of the Ministry of Labor and Employment Promotion (MTPE), Daniel Mauratespoke out again about a possible increase in the minimum living wage after days ago he was against this measure due to the economic crisis that the country is going through. “We are going to get out of this recession and we will […]
MEF announces measures for formalization
In the last session of the Special Commission for Monitoring the Incorporation of Peru in the OECD (CESIP), which took place last October 3, the Minister of Economy and Finance, stated that different measures would be being worked on to combat the problem of informality, an aspect in our country that has been becoming increasingly […]