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Argentina spends $445 million on weapons under Milei, report finds

Argentina's government has spent roughly $445 million on weapons, military and security equipment since President Javier Milei took office in December 2023, an analysis by the newspaper Infobae found. The figure, compiled from official procurement records through August 2026, already exceeds the totals recorded during the full terms of predecessors Alberto Fernández and Mauricio Macri.

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Brazil's Real Gains as Runoff Polls Show Tight Race

Brazil's currency strengthened to about 5.05 per US dollar on 19 October as two separate runoff polls pointed to a tight race between President Luiz Inácio Lula da Silva and Senator Flávio Bolsonaro. Economists trimmed their year-end forecasts for the real as investors weighed the outcome of the 25 October vote. The currency move highlights how closely markets are tracking Brazil's presidential runoff.

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China's EV Export Surge Reshapes Latin America Trade

A surge of Chinese electric-vehicle and renewable-energy exports is reshaping trade patterns across Latin America. Governments in the region face a choice between importing cheaper Chinese clean technology and shielding domestic manufacturers with tariffs or local-content rules. The dilemma echoes similar trade tensions already under way in Europe and North America.

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