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...“Schools can deduct some input costs and make some savings, so the increase is more likely to be 10-12 per cent, perhaps a maximum of 15 per cent,” he says....
...About 7,700 passengers flew to or from the airport each day in July, compared with 90,500 at Benito Juárez, the capital’s saturated main airport. López Obrador is trying to change that....
.... £7 Tesco Morandé, Reserva One to One País 2021 Maule (14%)A very attractive emissary for the long-deplored Mission grape....
...That compares with the South African rand weakening 7.1 per cent and the Brazilian real gaining 2.4 per cent in the same period....
...Goldman Sachs cited banking stress, recession fears, and surging volatility as it slashed its Brent price forecast for 2023 by $7/b, to $85/b....
...As Lula’s January 1 inauguration approached, tensions continued. On December 12, pro-Bolsonaro rioters attacked police and set fire to vehicles in Brasília....
...The 95th Academy Awards — the Oscars — are held in Hollywood on March 12....
...The world champion chose 1 c2-c3. Can you do better? Click here for solution...
...But it is from here that the Regional Indigenous and Popular Council of Xpujil (Cripx), a local NGO, has launched a legal battle to stop President Andrés Manuel López Obrador’s $7.8bn Maya Train project...
...President Andrés Manuel López Obrador offered small businesses loans worth a little over $1,000 but little other pandemic help....
...Jocsan Avilés, a Honduran, said the going rate in Tijuana was now $7,000....
...Click here if you’d like to receive Long Story Short by email every Friday. 1....
...on López Obrador to act....
...Pemex, the state oil company, will boost production to 1.857m barrels per day in 2021, the budget forecast, a far cry from July production, with private sector partners, of 1.595m — the lowest level since...
...State statistics institute Inegi reported a 1.6 per cent fall in gross domestic product compared with the last quarter of 2019, in line with market forecasts for a 1.4 to 1.7 per cent decline....
...If it contracts by a worst-case scenario of 12 per cent, Mexico’s public sector borrowing requirement would jump 15 points, from 44.7 per cent of GDP last year, according to analysts at Spanish bank BBVA...
...But with too little testing, researchers warn that Brazil is likely to have 12 times more cases than those being officially reported....
...In Brazil alone the IMF is forecasting a 5.3 per cent drop in gross domestic product this year, and Wall Street analysts expect the decline to be even worse: up to 7.7 per cent....
...DE Shaw’s flagship multi-strategy fund was up 10.9 per cent last year and its global macro fund Oculus returned 12.2 per cent....
...“It’s worth around £12,000,” says gallery founder William Ling....
...The company issued $1.25bn in new seven-year paper, yielding 6.5 per cent, as well as $3.25bn in a 10-year bond with a yield of 6.85 per cent, and $3bn of 30-year debt yielding 7.7 per cent....
...Budgetary income overall fell 7.5 per cent compared with January 2018 and was 24.4bn pesos ($1.3bn) below this year’s target, the finance ministry said....
...“If Moody’s tripped over the threshold in six or 12 months, that would cause an avalanche of selling,” said Marton Huebler, assistant portfolio manager at Fidelity International....
...Should the administration further vex investors and deter even more investment, GDP growth could fall below 1 per cent....
...per cent Weaknesses External deficit The current account deficit has widened from 1.7 per cent of GDP to an estimated 3 per cent in recent months Debt The rupiah has fallen 9.1 per cent against the dollar...
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