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...El Salvador’s President Nayib Bukele said on Sunday he had won the presidential election and almost all seats in the Central American country’s congress....
...Most of the 76,000 people rounded up in El Salvador’s draconian crackdown on the country’s gangs will be in prison for the rest of their lives, the man running for a second term as vice-president has said...
...[in El Salvador] these were more gangs devoted to extortion, kidnapping, petty thieving and so on,” he said. At the same time, smoke and mirrors surround El Salvador’s experiment with cryptocurrency....
...A cornerstone of El Salvador’s new image was becoming the first country to make bitcoin legal tender....
...Bukele, 42, enjoys one of the highest approval ratings of any world leader thanks to a draconian crackdown on El Salvador’s gangs that has sharply reduced homicide rates by locking up more than 76,000 people...
...A change in US government policy towards El Salvador, a major source of migrants, is key to the talks....
...President Nayib Bukele walked up a red carpet and into El Salvador’s congress where armed soldiers lined the chamber....
...The US government is advising citizens to reconsider travel to El Salvador after some of its citizens were reportedly arbitrarily detained....
...It would be particularly impactful if accompanied by additional government measures to promote more flexible supply, including by focusing on greater labour force participation, better skill retooling, improved...
...(Res Obscura) — Short on cash, El Salvador doubles down on Bitcoin dream (Reuters) — Why Shouldn’t Abu Dhabi own the Telegraph? (Simon Nixon) — Annoying in-browser missile game...
...One of the main reasons is the rise of populist leaders with an authoritarian bent, such as El Salvador’s Nayib Bukele....
...taken by El Salvador’s President Nayib Bukele against gangs....
...Despite claims that the flow of funds into El Salvador using bitcoin would be cheaper and easier than those using the US dollar, the El Salvadoran central bank estimates that only about 1 per cent of received...
...It is a path that can be better secured by, first, timely government actions to help enable the new drivers of growth; second, greater realism on the part of some households, corporates and investors that...
...El Salvador’s President Nayib Bukele, who won re-election earlier this year after spearheading a draconian crackdown on gangs, claimed he could fix Haiti’s problems if given the chance....
...To attract the latter, the government needs three elements: decisive reform measures to facilitate critically-needed economic transitions, reduced tensions with the US, and a shift away from the expensive...
...Last year, Honduras cut ties with Taiwan in favour of China, following other countries in the region including Nicaragua, El Salvador and Panama, but Taipei retained the allegiance of Paraguay, where relations...
...So El Salvador’s crypto-touting Presidente would have us believe....
...Consequently, government bonds had a bumpy year and, until November’s robust rally in yields, faced the prospect of a third consecutive year of negative returns....
...Ten nations — Angola, Egypt, El Salvador, Gabon, Iraq, Kenya, Mongolia, Mozambique, Nigeria and Tajikistan — have now seen their borrowing spreads fall below this threshold since 2022....
...Countries that are still rapidly adopting cryptocurrencies tend to be troubled ones with beleaguered national currencies, such as Ukraine and El Salvador....
...Rights groups have also warned of increasing authoritarianism in several countries in the region, including Nicaragua and in El Salvador....
...“Some of it can be explained with the start of an El Niño cycle, which will push temperatures up a bit....
...Salvador,” Lemus said....
...from a messy exit from the YCC programme in Japan and the upcoming avalanche of government debt issuance in several countries....
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