Global Fishing Watch’s Marine Manager platform is empowering countries in Latin America to safeguard their marine environments. This interactive tool combines cutting-edge technology with scientific data to provide a comprehensive understanding of marine ecosystems, monitor fishing activity, and protect vulnerable species.
MercadoLibre, the Latin American e-commerce giant, is experiencing a surge in growth fueled by its strong performance in Argentina. The company’s recent record-breaking sales figures, driven by an increase in discretionary spending, have attracted the attention of investors and analysts alike. With strong earnings, a bullish market sentiment, and institutional support, MercadoLibre is poised for continued success in the region.
MercadoLibre, the leading e-commerce platform in Latin America, is anticipated to deliver another solid performance in the third quarter of 2024, fueled by robust growth in gross merchandise value (GMV), total payment volume (TPV), and its loan portfolio. Goldman Sachs analysts predict a strong performance, with potential for continued expansion in Brazil, Mexico, and Argentina.
Brazilian fintech Nu Holdings, known for its digital banking platform NuBank, has amassed over 100 million customers in Latin America. The company’s impressive earnings performance, expanding customer base, and international expansion have attracted investors, including Warren Buffett. While its stock price has recently dipped, Nu Holdings’ strong fundamentals suggest continued growth potential, leaving investors to decide whether the stock is overvalued or poised for further gains.
PriceTravel Holding, a leading travel distribution company in Latin America, has announced a strategic partnership with Cangooroo, a cutting-edge booking engine, at the ABAV tourism trade fair in Brasilia. This collaboration will enable PriceTravel Holding to offer a wider range of directly contracted hotels worldwide, providing travel agencies and partners with access to competitive rates, year-round promotions, and unparalleled availability.
Sekur Private Data Ltd., a Swiss-hosted cybersecurity and privacy communications platform, is expanding its reach into Latin America and the Caribbean, targeting a market of over 4 million businesses. This move comes as the region faces an increasing demand for robust privacy and cybersecurity solutions due to the rise in ransomware and cyberattacks.
MercadoLibre, the leading e-commerce platform in Latin America, has seen impressive growth in recent years, fueled by its expanding e-commerce business, robust shipping services, and strong presence in key markets. However, challenges like competition from Amazon and Walmart, macroeconomic uncertainties, and margin pressure require investors to carefully weigh the company’s long-term prospects.
The ALTA Aviation Law Americas conference in Buenos Aires saw experts highlight the need for a streamlined and harmonized tax system in Latin America to foster growth and competitiveness within the aviation industry. Concerns over the impact of current tax policies, specifically the UN Tax Committee’s proposal to shift to an origin-based system, were raised, emphasizing the potential for double taxation and increased costs for airlines and passengers. The conference underscored the importance of balancing tax collection with supporting aviation sector growth and urged collaboration among governments, airlines, and international organizations to create a more efficient and integrated fiscal framework.
Nasdaq is expanding its digital bank financial technology operations in Latin America by providing its AxiomSL regulatory reporting solution to Nubank, a digital bank with over 100 million customers across Brazil, Mexico, and Colombia. This partnership highlights the growing demand for third-party financial technology solutions in the region, driven by the rapid expansion of digital banking.
Aviation leaders from across Latin America met in Buenos Aires to discuss the legal challenges and opportunities shaping the future of the region’s aviation industry. The event focused on regional integration, regulatory reforms, and the importance of open skies policies to boost competitiveness and drive economic growth.
