President Nicolás Maduro extended the state of economic emergency in Venezuela and ordered that idled factories be seized.  The Venezuelan opposition announced that it will maintain pressure for his recall.

Following the controversial impeachment proceedings of Brazilian President Dilma Rousseff, the interim administration of Michel Temer has appointed fiscal conservative and former Central Bank president under President Lula, Henrique Meirelles as Finance Minister.

Campaigning under the banner of neoliberal ideals such as poverty alleviation and economic development, Brazil’s Partido dos Trabalhadores (PT) has benefitted the wealthy through a variety of financial incentives and lack of transparency.

Bruno Carpio, who heads Peru’s Development and Training 2021 program, has emphasized that implementing socially responsible business practices will give small firms an advantage in an increasingly competitive marketplace.

Latest reports published by Ecuador’s Secretariat of Risk Management indicate that the April 16th earthquake inflicted significant damage on the infrastructure of public fishing ports, rice manufacturing equipment, coffee, cocoa, milk, and grain production centers, and oil extractors.

Given that the global population is predicted to swell to 9 billion by 2050, Brazil is investing heavily in food, fiber, and biofuel production to help meet the expected increase in demand.

Unemployment in Latin America and the Caribbean is predicted to increase in 2016 to over 7% due to the deteriorating economic situation in the region, claims a report issued by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labor Organization (ILO).

Vending machines, the origins of which date back to nineteenth century England, are becoming increasingly popular in Colombia thanks to the handsome profits that they are earning owners.

According to data from the National Association of Telecommunications (ANATEL), 609,000,547 cell phones were reported as stolen during 2015.

The Inter-American Development Bank (IDB) understands the collaborative economy as one that seeks to share goods and services through the Internet, and promote entrepreneurship and innovation. Brazil leads the pack in these endeavors.