NEW YORK/SAO PAULO—Coffee experts working for commodity trading houses are taking to the narrow, winding roads in Brazil’s Minas Gerais state as they tour the coffee belt checking 2022 crop prospects just as prices approach the highest levels in 10 years. This has been a difficult year for coffee farming in Brazil, the world’s largest…
Experts Count Coffee Trees in Brazil as Prices Hit 10-year Highs
December 14, 2021
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Peru’s Socialist Government Cancels Christmas Gatherings
The administration of Peru’s socialist president Pedro Castillo has cancelled all social events, including family gatherings, on Christmas Day and New Year’s Day this year. Using a supreme decree—Nº 179-2021-PCM—which passed on Dec. 9 and went into effect the following day, Peruvians are required to stay home without exception. In the same order, those over age 18 must now…
Salvadoran President Accuses US of Supporting ‘Communist’ Opposition
The president of El Salvador leveled an ironic accusation against the U.S. government on Sunday, saying it has been funding the “communist” opposition against him. “U.S. taxpayers should know that their government is using their money to fund communist movements against a democratic elected (and with a 90% approval rating) government in El Salvador,” tweeted…
Vicente Fernández, Revered Mexican Singer, Dies at 81
MEXICO CITY—Vicente Fernández, an iconic and beloved singer of regional Mexican music who was awarded three Grammys and nine Latin Grammys and inspired a new generation of performers, including his son Alejandro Fernández, died on Sunday. He was 81. Fernández was known for hits such as “El Rey,” and “Lástima que seas ajena,” his command…
Brazil Justice Rules Vaccine Passport Mandatory for Visitors
RIO DE JANEIRO—A Brazilian Supreme Court justice ruled Saturday that all travelers arriving in Brazil must present a vaccine passport documenting they have been vaccinated against the coronavirus. The decision from Luís Roberto Barroso challenges a more lenient rule announced by the government of President Jair Bolsonaro, who has opposed mandatory immunization against the virus…
Cemex Says US Justice Department Closed Anti-Trust Investigation
MONTERREY, Mexico—Mexico’s Cemex, one of the world’s largest cement companies, said Friday that the U.S. Department of Justice (DOJ) has closed an investigation against the company for a possible violation of anti-trust laws. Cemex also reported that it was fined about 68 million euros ($77 million) by Spanish authorities following tax audits of its operations…
70,000 Russian Troops (and Growing) at Ukraine Border; What’s to Stop Putin From Invading Ukraine?
December 11, 2021
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Recently, the world’s focus has been directed heavily towards the U.S. hosted “Summit for Democracy.” However, the phone call between U.S. President Joe Biden and Russian President Vladimir Putin on the eve of the Summit warrants as much, if not more, attention. Russia presently has at least 70,000 troops stationed at its border with Ukraine,…
Brazil: 3 Killed During Heavy Rains and Flooding
RIO DE JANEIRO—Brazil’s government declared a state of emergency in almost 50 cities in the states of Bahia and Minas Gerais due to heavy rains that caused floods and killed at least three people. The decision, published in the official gazette on Friday night, affects 17 cities in Bahia, in the northeast of Brazil, and…
Meat Packers’ Profit Margins Jumped 300 Percent During Pandemic: White House Economics Team
December 11, 2021
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WASHINGTON—Four of the biggest meat-processing companies, using their market power in the highly consolidated U.S. market to drive up meat prices and underpay farmers, have tripled their own net profit margins since the pandemic started, White House economics advisers said. Financial statements of the meat-processing companies—which control 55 percent–85 percent of the market for beef,…
Ford Expects to Triple Electric Mustang Output by 2023
December 11, 2021
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Ford Motor Co. expects to triple the output of its all-electric Mustang Mach-E SUV to over 200,000 units per year by 2023 for North America and Europe, its Chief Executive Officer Jim Farley said in a tweet on Friday. “It’s hard to produce Mustang Mach-Es fast enough to meet the incredible demand, but we are…
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