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05/04/2022

Italian Prime Minister Mario Draghi said China’s anti-COVID vaccine did not fully work and questioned whether Russia’s Sputnik jab would ever get approval from European regulators.
'The Chinese vaccine... has shown itself not to be adequate. You can see that from Chile’s experience of tackling the epidemic,' Draghi told reporters at the end of a European Union summit.
Chile has relied heavily on the COVID-19 shot developed by China’s Sinovac, but health authorities in the South American country have questioned how effective it is against more transmissible virus variants and are also looking into how long it remains effective once injected.
A study published in April said the Chinese vaccine proved minimally effective at preventing illness after one dose. With a second jab, it was 67% effective in preventing symptomatic infection, 85% effective in preventing hospitalizations and 80% in preventing deaths.
Draghi also questioned Russia’s Sputnik vaccine.
The European Medicines Agency (EMA) had been expected to conclude its review of the Russian jab and issue a decision in May or June. However, approval was delayed because the makers missed a June 10 deadline to submit data, sources told Reuters earlier this month.
“The Russian vaccine Sputnik has never been able to get approval from EMA and perhaps it never will,” Draghi said.

04/04/2022

Shares of copper mining company Antofagasta look set to deflate because of a political lurch to the left in Chile, raising the possibility of higher taxes on resource companies. Recent drops in the price of copper aren’t helping either.
As a result, investors might want to reduce their positions in the stock (ticker: ANTO: United Kingdom).
The major issue for U.K.-incorporated Antofagasta is Chile, where the company’s mines are based. In May, Chile’s lower house approved a bill that would impose a new royalty fee on producers operating in the top copper-producing nation.
“The left-wing is on the ascension in Chile, and that doesn’t bode well for where the taxes come out in the end,” says Tyler Broda, head of EU mining research at Canadian financial company RBC Capital Markets in London. “We think it is going to be hard for the shares to hold in where they are.”

02/04/2022

Chile’s air force said it lost radio contact with a transport plane carrying 38 people on a flight Monday evening to the country’s base in Antarctica.
It said the military had declared an alert and activated search and rescue teams.
The C-130 Hercules carried 17 crew members and 21 passengers, including three civilians. The personnel were to check on a floating fuel supply line and other equipment at the Chilean base.
President Sebastian Pinera said via Twitter that he was with his defense and interior ministers at the air force headquarters monitoring developments

28/03/2022

This week we will take a look at prices and volumes of kiwifruit in the U.S. market.
In a recent article, we discussed how Chilean kiwifruit production had decreased due to labor shortages as a result of the pandemic, and how Northern California, whose season has already ended, also saw a drop in production. Add this to the increase in consumption of fruits rich in vitamin C, and you get high kiwifruit prices in the market.
To the above, we must add the fact that kiwifruit stocks in the Northern Hemisphere (United States, Italy, Greece, France) are lower compared to previous years, and that there are also delays in Chilean production. Let us also remember that the majority of kiwifruit volumes from New Zealand go to the Asian market and to Europe.
As we mentioned, and as can be seen in the graph below, the reported average prices of kiwifruit in the North American market have been the highest in recent years. The average reported price in May was US$25.68 for containers of nine kilograms or 19.8 pounds, which represents a 15 percent increase year-on-year.

28/03/2022

Two almost simultaneous earthquakes were felt Saturday in the South Shetland Islands in the Antarctica and in central Chile, where buildings shook in the country’s capital. No casualties or damage were immediately reported.
The quake in the South Shetland Islands had a magnitude of 6.9 with a depth of 9.6 kilometers, according to the U.S. Geological Survey, while the earthquake in Chile had a magnitude of 5.8.
Chile’s Interior Ministry said on Twitter the South Shetland Islands quake was 216 kilometers northeast of the country’s O’Higgins scientific base, and called for coastal regions in the Antarctica to be evacuated because of a tsunami risk.

22/03/2022

A second-half goal created by Luis Suarez rescued a point for Uruguay in the Copa America group stage in a 1-1 draw with Chile on Monday. Uruguay were coming off a 1-0 loss to Argentina where their attack was non-existent, and while it was improved in this one, it was far from the level the team expects as it stretched its winless streak to five games.
Chile managed just one shot on frame in this one, but it was all they needed to beat Fernando Muslera, as Eduardo Vargas scored this lovely opener 26 minutes in: With their backs against the wall again and looking to break a streak of four matches without a goal, Uruguay were much improved in the second half, showing creativity and putting the ball into dangerous spots, while giving Chile next to nothing.
But as the time was winding down, some key veteran was going to need to step up to get a point, and it came thanks to the attentive Suarez. Though it has been declared an own goal by Arturo Vidal, Suarez was able to get the ball into the back of the net on a corner kick in the 66th minute by battling his former Barcelona teammate for a ball at the far post. The ball hit the Chilean player and rocked off the crossbar and in, beating Claudio Bravo.

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