Severe droughts are drying up rivers and reservoirs vital for the production of zero-emissions hydropower in several countries around the globe, in some cases leading governments to rely more heavily on fossil fuels.
Peru's central bank on Thursday raised its benchmark interest rate to 0.5% from 0.25%, its first hike since the pandemic forced a steep drop in rates, as the Andean nation faces rising inflation like many of its regional peers.
Brazilian retailer Lojas Americanas SA said on Wednesday it had agreed to acquire grocery chain Hortifruti Natural da Terra for 2.1 billion reais ($402 million), in a strategic move into the fresh foods sector.
Mexican Economy Minister Tatiana Clouthier said on Wednesday that the country's economy could grow less than 6.3% this year due to a new wave of coronavirus infections, but is still expected to expand by at least 5.5%.