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1 May 2021 Edition - 08/21

The Seedstars World Competition, the largest global startup competition in emerging markets, announced that three startups from Latin America will join the group of 20 global finalists who will compete for $500,000 in seed capital. 

This year, three finalists were chosen to represent Latin America in the global competition: PEGASI - Venezuela (A company that helps make health information accessible),  Alfi - Peru (Fintech that helps financial education with its own products) & Klouser - Argentina (A service provider for the digitization of companies).
The technology acquisitions Chilean businesses are mulling


Analytics solutions. That is the technology blinking brightest on the radar of Chilean companies, a survey found.  Researchers from the Chilean office of professional services firm EY surveyed 371 senior executives from local firms.  Fifty-six percent of respondents said they were considering incorporating analytics technology over the next three years....

Look For Hidden Investment Gems In The Gloom And Doom About Latin America
 
Sustained economic recovery is not coming to Latin America until government leaders can get COVID under control. Precisely because Latin America has lagged other emerging market regions in the economic recovery investors can find good opportunities in Latin American fixed income, equity, and foreign exchange markets....
Uruguay presents plan to make Mercosur trade talks more flexible

According to the draft document released by the Foreign Ministry in Montevideo, the proposal would allow member states, under some conditions, to initiate negotiations "either as a group or individually."....

The Latin American Cannabis Market Is About to Take Off

In the global cannabis marketplace, Latin America is a region on the rise. Latin America offers the perfect conditions for growing high-quality raw material, extracting the oil, and producing finished goods at a relatively low cost......

Brazil privatizes Rio de Janeiro’s water, sewage utility

Rio de Janeiro state privatized its water and sewage utility on Friday, after years of broken promises to improve sewage treatment and clean up the state’s polluted Guanabara Bay.  It was Brazil’s biggest-ever privatization in the sewage sector, and the first to take place after a new regulatory framework for it took effect.....

Mexico’s Mayan train suspension divides Indigenous community

A halt in the train’s construction has caused a bitter fight in Xpujil – a town of 4,000 people with limited resources.  Like many of the villages in Calakmul in the south of Mexico’s Yucatan Peninsula, the sleepy town of Xpujil lies alongside the area’s only federal highway....
The government’s plan to stabilise rents sends prices skyrocketing in Buenos Aires - GTSA NewsBlog


Landlords in Buenos Aires have raised the rent on apartments more than 60% ahead of a new law that gives the government control over price increases.  Rent is now rising twice as fast as pay cheques.... 

Money printer goes quiet and Argentina's government gets squeezed

The Central Bank’s fight against inflation is upending the local bond market and squeezing government finances as Argentina struggles to regain traction while the pandemic rages on.....

May 31 - June 1st, 2021

Sao Paulo - Brasil  
Transamerica Hotel
In person and online

The Brasil Investment Forum 2021 (BIF) is an international event about attracting foreign investments to Brazil, organized by Apex-Brasil, the Interamerican Development Bank (IDB) and the Brazilian Federal Government, which will take place on May 31 and June 1st, 2021, at Hotel Transamérica São Paulo, in the city of São Paulo, Brazil.

Known as the largest event for foreign investment in Latin America, BIF will bring together federal, state and local government authorities and executives from large companies from Brazil and the world, as well as representatives from academia, the press and opinion makers.   Register Here

COVID-19 PANDEMIC RESPONSE
Pfizer's new at-home pill to treat Covid could be available by end of the year, CEO hopes
 

Pfizer's experimental oral drug to treat Covid-19 at the first sign of illness could be available by the end of the year, CEO Albert Bourla told CNBC on Tuesday as the antiviral drug goes into early stage clinical trials. The drug is part of a class of medicines called protease inhibitors and works by inhibiting an enzyme that the virus needs to replicate in human cells....

Super Vaccine: Scientists Invent New Vaccine that Can Fight All Forms, Mutations and Strains of Coronaviruses

Researchers Steven L. Zeichner from UVA Health and Xiang-Jin Meng from Virginia Tech appear to have found a stone that kills all birds, in the form of a vaccine that may offer protection from all coronaviruses.  The vaccine created by Zeichner and Meng takes an unusual approach, in that it targets a part of the virus’ spike protein called the "viral fusion peptide"..... 

An Argentine firm has produced test batches of Russia's Sputnik V COVID-19 vaccine, the first in Latin America, with aims to scale up manufacturing of the drug by mid-year as the wider region grapples with a new surge in infections....

LATIN AMERICAN CULTURE & ARTS
The Real Story of Moctezuma, the Last of the Aztec Emperors
 
Over 500 years ago, a meeting occurred n the magnificent Aztec capital of Tenochtitlán that forever altered the course of history. On Nov. 8, 1519, the Spanish conquistador Hernán Cortés, after months of battling neighboring cities, entered Tenochtitlán and won an audience with the emperor we know as Moctezuma II (Montezuma in English), the last fully independent ruler of the Aztec empire....

While sun-seeking travelers hardly need incentive to revel in a vacay tipple or two, guests at the Pueblo Bonito Pacifica Golf & Spa Resort in Cabo San Lucas, Mexico can sink even deeper into their beach chairs knowing the life of their ice-cold cerveza — and that just-killed bottle of tequila at the swim-up bar — doesn't end in the pool's trash bin, or even worse, a brimming wasteyard....

'Latin American Business Digest' © is a free fortnightly E-digest covering New Zealand - Latin American Business, Economics & Video published by Manning Group Limited & edited by Thomas Manning
Latin American Business Digest is presently published in reduced form due to logistical and technical issues stemming from the Covid-19 pandemic.  
Copyright © 2021 Manning Group Limited, All rights reserved.


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