NECOCLI After traveling for more than a year by ship, bus and car from Africa in hope of reaching the United States, Simon Gyamfi found himself stuck in a…
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SANTIAGO, April 27 (Reuters) - Chilean President Sebastian Pinera on Tuesday abandoned his challenge to an opposition-led bill allowing citizens to draw down a third tranche of their pensions, saying he would sign it into law.
Earlier in the day, the country’s Constitutional Court rejected a bid by Pinera to block the fresh drawdown on pensions, saying it would not overrule Congress, which gave final approval to the project on Friday.
Pinera had also sought to head off the bill by announcing his own version on Sunday night that provided for repayments and taxation on some withdrawals, but members of Congress made clear they would oppose it.
UPDATE 1-Chile s economy contracts more than expected in January as COVID-19 rebounds reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
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SANTIAGO, March 1 (Reuters) - Chile’s economic activity fell 3.1% in January from the same month a year ago, the central bank said on Monday, as a rebound in cases of the coronavirus dragged on the service and manufacturing sectors.
The bank’s IMACEC economic activity index encompasses about 90% of the economy tallied in gross domestic product figures.
The sharp year-on-year fall was more severe than market expectations for a contraction of around 1%, according to a central bank poll in February.
Construction and manufacturing output both dropped off in January versus the same period the previous year, the bank data showed, as the world’s top copper producer struggled to reboot to 2020 levels following months of economic hardship.