“Rappi is a Latin American super-app offering a variety of digital consumer services that began with food delivery and has since expanded to provide e-commerce, travel, and banking services[,]” according to an analysis published by Contrary Research which states further … Continue reading →
Reuters reports that Chinese electric auto maker BYD is evaluating locations in Mexico for a production facility. The report cites Americas head Stella Li as stating that the plant will be built in central Mexico and will take two to … Continue reading →
Perónism has ruled Argentina for over half the time since Juan Perón’s first presidency in the 1940s. To this day, Perónists are politically powerful, particularly in the trade unions and political classes. The Justicialist Party (“PJ”) has been the largest … Continue reading →
Tampa-based Outback Steakhouse has done extraordinarily well in Brazil. According to CNBC, in the first half of 2023, Brazilian sales rose by 61 percent, foot traffic increased by 42 percent and the average check increased by 19.2 percent compared with … Continue reading →
Google/Oxford Languages defines nearshoring the “practice of transferring a business operation to a nearby country, especially in preference to a more distant one.” High shipping rates, political tension between the U.S. and China, global geopolitical uncertainty and USMCA advantages have … Continue reading →
The rise in remote work, the resurgence of air travel, inflation-driven price-consciousness, government funding for infrastructure projects and higher labor costs for full-service hotels have contributed to an increase in demand for extended-stay hotels. In response, many of the major … Continue reading →
The Business of Fashion reports that fashion retailer H&M will launch stores and online trade in Brazil in 2025. H&M will partner with Dorben Group to support its expansion in the South American country, according to the report. The size … Continue reading →
Struggling with dollar scarcity, the Central Bank of Argentina (BCRA) announced on June 29 that it has incorporated the renminbi yuan as an accepted currency for deposit-taking in savings banks and checking accounts, enabling financial entities to open bank accounts … Continue reading →
According to The Washington Post, Brazil’s gross domestic product (GDP) expanded four percent on an annual basis in the first three months of 2023; the country’s rate of inflation is at 3.9 percent; CPI is seen finishing the year at … Continue reading →
In a statement issued on May 4th, the Central Bank of Argentina (BCRA) prohibited payment service providers (PSPs) from carrying out or facilitating operations with cryptocurrency assets. According to the statement, the measure ordered by BCRA “seeks to mitigate the … Continue reading →