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How El Nino Threatens Emerging Market Economies

LONDON, Aug 4 (Reuters) – Countries around the world are battling heatwaves and floods fuelled by El Nino, a naturally occurring climate phenomenon that has a 90% probability of persisting in the second half of 2023, according to the World Meteorological Organization. The...

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Amazon Nations Summit Faces Fault Lines on Oil, Deforestation

SAO PAULO, Aug 7 (Reuters) – Eight Amazon rainforest nations are expected to face divisions over proposals to block new oil drilling and end deforestation when they meet on Tuesday for their first summit in 14 years. The meeting of the Amazon Cooperation Treaty Organization (ACTO)...

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Argentina’s Presidential Hopefuls Face Devaluation Conundrum

BUENOS AIRES (Reuters) – Argentina’s fractured opposition may not agree on much ahead of an upcoming Aug. 13 primary election but it has coalesced around the need to end a dizzying system of multiple exchange rates that has spooked investors and crippled the economy. Both...

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Hard-hit Argentina Workers Ask Saints, Not Politicians, for Jobs

BUENOS AIRES (Reuters) – Argentines, who have seen jobs and wages hit by economic malaise and rampant inflation, lined up at churches on Monday to ask St. Cayetano, the patron saint of bread and labor, for employment, with some critical of politicians for not doing enough to help...

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