Latin American – BOL News Staging

Major Mexican Firms Hit in Financial Cyberattack Surge

January 25, 2024 by Hamza Ali

Cyberattacks surge on Mexican institutions. AllaKore RAT targets banks and major companies. Urgent collaboration needed for stronger cybersecurity. Blackberry’s research and intelligence division has issued a warning about a significant surge in financially motivated cyberattacks targeting high-net-worth Mexican cryptocurrency exchanges, banks, and large companies with over $100 million in gross revenues. The sophisticated attacks, believed … Read more

Biden announces a fresh Latin American economic agenda

June 9, 2022 by Sana Fatima

Despite nagging fears that Washington is still trying to dictate to its poorer southern neighbours, Biden sought to reassure the assembled leaders about his administration’s commitment to the area by hosting the Summit of the Americas in Los Angeles. After Biden left out Cuba, Venezuela, and Nicaragua, the number of visiting heads of state and … Read more

Brazil’s economy grows 1% in Q1

June 2, 2022 by Ali faizan rizvi

Brazil’s economy grew by 1% in the first quarter of this year. The expansion was led by a one percent increase in the services sector. President Jair Bolsonaro is up for reelection in October Brazil’s economy grew by 1% in the first quarter of this year, according to the government, yet rising inflation continues to … Read more

UN warns Ukraine war will devastate poor countries

April 14, 2022 by Muhammad Zubair

A UN task committee warns that Russia’s conflict in Ukraine threatens to ruin several developing nations’ economies, already struggling with rising food and energy costs. The battle was “supercharging” food, energy, and financial crises in impoverished nations already dealing with the Covid-19 pandemic, climate change, and a lack of proper funds for economic recovery, according … Read more

Venezuela: The fall of an oil empire

January 23, 2022 by Muhammad Zubair

PUERTO CONCHA: Leaks, rusted pipes, pieces of broken equipment scattered about and staircases leading nowhere: Lake Maracaibo’s oil field is a metaphor for Venezuela’s once-flourishing petroleum industry that is now on its knees. More than a century ago, the Maracaibo basin in northwestern Zulia state was the birthplace of a business that transformed the country … Read more

Latin American economy to lose steam this year: UN

January 13, 2022 by Muhammad Zubair

MEXICO CITY: Economic growth in Latin America and the Caribbean will slow sharply this year amid uncertainty caused by the coronavirus pandemic, low investment and inflationary pressures, a UN body said Wednesday. The region’s gross domestic product (GDP) will grow by 2.1 per cent in 2022, compared with 6.2 per cent in 2021, the UN Economic … Read more

Mexico seeks panel to resolve US auto trade spat

January 7, 2022 by Muhammad Zubair

MEXICO CITY: Mexico on Thursday requested a dispute settlement panel under a revamped North American trade deal to resolve a difference of interpretation with the United States in the auto sector, the government said. The Latin American nation aims to establish that Washington’s interpretation of content requirements known as rules of origin are incorrect, the economy … Read more

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