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00:00:00bilateral during a high-level meeting held in
00:00:03Damascus, the capital of Syria. From Beirut with the
00:00:07news.
00:00:11Hello colleagues, kind viewers, an expanded
00:00:14Lebanese ministerial delegation is in Syria today
00:00:18to discuss numerous pending issues with the
00:00:21Syrian authorities. The delegation, headed by the
00:00:25Vice Prime Minister, includes the ministers of
00:00:28labor, real affairs, and education, as well as a
00:00:32team from the Ministry of the Interior. The delegation has
00:00:35been received by the Syrian
00:00:39Dominican market, with the Foreign Minister, and after an expanded meeting, the Lebanese ministers
00:00:42met, held bilateral meetings with
00:00:45their Syrian counterparts, to discuss the pending
00:00:49issues, led by the issue of the return of
00:00:52displaced Syrians to Syria. It should be known that
00:00:56previously there were 1,700,000 Syrians
00:00:59in the territory of... in the form of displaced persons. Currently there are one million
00:01:03displaced Syrians. The work and coordination continue between
00:01:08I tell you now that seven OPEC both parties for the safe and dignified return of displaced Syrians to Syrian territory.
00:01:12It should be known that currently there are 114,000 Syrians
00:01:15who have expressed their desire to return to Syrian territories.
00:01:19Another important issue is also the issue of Syrian
00:01:23detainees in Lebanese prisons, where there are
00:01:26around 2,500 detainees.
00:01:30There is coordination between both parties to
00:01:34return these detainees and hand them over to the Syrian
00:01:38authorities to be imprisoned in Syrian prisons.
00:01:41Meanwhile, it should be known that at the end of last October, 57
00:01:45detainees were handed over to the
00:01:48Syrian authorities. Another important issue is the demarcation of the
00:01:52borders between both countries.
00:01:55It should be known that there are some parts of the border that extend up to
00:01:59300. 75 km that have not
00:02:03been demarcated so far due to the existence of Israeli
00:02:06occupation in these territories, which include the
00:02:10Shebaa Farms and also the surrounding areas of these
00:02:14Shebaa Farms. It should also be noted that these
00:02:16conversations between both parties
00:02:19continue or manifest or represent the continuation of the
00:02:23coordination and also the follow-up
00:02:26of the technical teams that have been formed
00:02:30recently to follow up on these issues.
00:02:34This also happens at a time when Israel continues its
00:02:37bombing against southern Lebanon. It should be known that today it has
00:02:41carried out an attack with a bomb in the town of
00:02:45Kaparkayan in southern Lebanon and has also
00:02:49carried out an air attack against the town of Beitah
00:02:53in southern Lebanon, also an artillery attack
00:02:56against the town of Barashi. These attacks form
00:03:00part of the continuous violation by the Israeli occupation of the ceasefire
00:03:03and the framework agreement reached with the Lebanese
00:03:06authorities last June. Meanwhile,
00:03:09information has also been spread that the Israeli
00:03:13authorities have decided to deploy a larger
00:03:17part of the reserve forces on
00:03:19academically and proven in the northern border of occupied Palestine on the northern
00:03:23front with southern
00:03:25the Baking Industry Lebanon in preparation for carrying out an aggressive
00:03:27and expanded escalation against Lebanon, which includes all
00:03:31Lebanese territory including the capital Beirut and the southern
00:03:34suburbs of Beirut, in case the Lebanese
00:03:37resistance gets involved in a response against
00:03:40Israel, if the United States and Israel also decide
00:03:44to resume the war against the
00:03:55five explosions have been heard on the island of Qeshm,
00:03:59this and in Iran, this which we specifically locate on the map in the
00:04:03northern part of the Strait of Hormuz. The detonations have
00:04:07been registered quickly, successively and due to their
00:04:10intensity it seems that the impacts took place within the island.
00:04:14Some residents have also reported the presence of two
00:04:17responses to non-urgent aircraft in the sky over Qeshm. Local and
00:04:20provincial authorities, however, have not yet issued an official statement
00:04:23in this regard. This event occurs in a context of maximum
00:04:27regional tension after recent attacks by the United States and Israel against
00:04:31Iran, Iran's reprisals
00:04:34the most outstanding content on against American and Israeli targets within the Persian Gulf.
00:05:10expanding trade beyond
00:05:43How are you? Welcome, everyone. We are starting another broadcast of Economic Impact. It's a
00:05:47pleasure to greet you through this informative channel of Latin America and the Caribbean,
00:05:51Telesur. My name is Daniel Rosas and we are going to start with today's
00:05:55headlines.
00:06:00In Latin America, Venezuela and China promote economic
00:06:04relations.
00:06:11In context we will see how the Day of the Dead celebration in Mexico has influenced the
00:06:15national
00:06:15economy.
00:06:23And in 360, an increase in prices is expected in more than
00:06:261,400 food items in Japan. Let's begin.
00:07:09As I mentioned in the summary, Venezuela and China seek to expand their economic
00:07:13relations through new investment, trade and
00:07:16productive cooperation opportunities. Let's see more details in the following
00:07:19material. During the business meeting named
00:07:23Business Among Friends, representatives from both countries
00:07:26highlighted the growth of bilateral exchange and the possibility of
00:07:30diversifying cooperation sectors. Between January and
00:07:33September 2026, trade between both
00:07:36nations reached $6, an
00:07:40increase of 24% compared to
00:07:42the same period in 2025. The figure reflects a commercial
00:07:46relationship that seeks to transcend energy exchange and
00:07:49incorporate new areas of production and services.
00:07:53Venezuelan business representatives pointed out opportunities in food
00:07:56security, industrialization, digital
00:07:59economy, green development and poverty
00:08:02reduction. They also highlighted the importance of strengthening
00:08:06logistical capabilities and expanding the participation of
00:08:09national companies in international markets. The
00:08:12protagonist is not oil, it is not its
00:08:15derivatives, it is diversification,
00:08:18of that we rejoice today in this meeting between
00:08:22friends, because it is an achievement,
00:08:26it has been studied
00:08:31international experience that the country that
00:08:34diversifies grows and relationships that diversify
00:08:38strengthen. This
00:08:41relationship translates
00:08:44into foreign currency and progress for the country,
00:08:47we will also continue importing products from
00:08:50China, but we have all the capabilities for that
00:08:54import to also
00:08:57translate
00:09:00into raw material transformation. The meeting takes place in the context
00:09:04of 52 years of diplomatic relations between Caracas and
00:09:07Beijing. For both countries, economic cooperation represents a
00:09:11way to promote new businesses, diversify their
00:09:14commercial ties and consolidate development projects
00:09:18with business participation.
00:09:21I just told you that around 70 Chinese companies are participating in the
00:09:24Expo China Smart Alife 2026 held between October
00:09:2829 and 31 in Santo Domingo. The exhibition presented
00:09:32advances in artificial intelligence, robotics,
00:09:35renewable energies and smart devices with the aim of expanding
00:09:39commercial opportunities between China and the Dominican Republic.
00:09:43The meeting brought together business representatives and Dominican
00:09:46institutions interested in attracting investments and facilitating the
00:09:49entry of new products and technologies into the local
00:09:52market. Among the proposals, prefabricated housing
00:09:55projects and the possibility of manufacturing
00:09:59household appliances in Dominican territory stood out. Commercial
00:10:02promotion authorities indicated that this type of initiative allows connecting
00:10:06companies, identifying investment opportunities and strengthening bilateral
00:10:10economic ties. Participants also highlighted the
00:10:14competitiveness of prices and the potential for industrial
00:10:17cooperation. The exhibition reflects the interest of both countries in
00:10:22the commercialization of products, also incorporating
00:10:25technology, manufacturing and transfer of
00:10:28capabilities.
00:10:33These houses come prefabricated in large containers,
00:10:36so when they arrive they just have to assemble them and they are ready.
00:10:40Many natural disasters are happening here, many earthquakes
00:10:44in several countries, so several people are left homeless.
00:10:48So if the government can support
00:10:51that, then it is the fastest way to have a...
00:10:57Our main advantage is the price. We have established very competitive prices for the
00:11:00mercado
00:11:04purpose of facilitating the entry of our products,
00:11:07expanding our commercial presence and ensuring that
00:11:10they continue to arrive constantly in the Dominican
00:11:13Republic.
00:11:15I tell you now that the Gas Infrastructure Europe,
00:11:19based on its most recent data, stated that European
00:11:22countries failed to fill their underground gas storages to
00:11:26the minimum 80% required by the European Commission and remained
00:11:29at 75%. The association
00:11:32claimed that the European Union failed in its preparations
00:11:35for winter and indicated that, forgive me, it started the
00:11:39heating season with gas reserves at their lowest
00:11:42level since 2011, indicating that at the end of
00:11:45October 2026, European gas storages were filled to
00:11:4974.62% compared to 82.8%
00:11:52registered in the same period but in 2025, and assured that the
00:11:55conflict in Western Asia has increased the costs of gas
00:11:59imports to Europe by between 18 million and
00:12:0233 million network of gas transmission
00:12:05system operators warned that if the availability of liquefied
00:12:09natural gas remains limited, gas reserves in
00:12:12European storages could fall well below the critical
00:12:16level of 30% by the end of winter.
00:12:20The discussion once again places public spending and budgetary transfers at the center of the debate.
00:12:23debate.
00:12:32The growth prospects of the Argentine economy for 2026 are deteriorating
00:12:35after the activity results registered during the third
00:12:39quarter. Different consulting firms and financial
00:12:42entities reduced their estimates, some below
00:12:461%, while others warn about a
00:12:49possible annual contraction. The consulting firm
00:12:52EU projects a growth of just
00:12:560.5%, while BTG Pactual also anticipates
00:12:59an expansion of less than 1%. The economic
00:13:02activity indicator registered a monthly advance of 0.1% in
00:13:05August, after falling 2.8% in July.
00:13:09Analytica estimates that growth could be below 1%. In the first
00:13:128 months of the year, activity accumulated a year-on-year advance of
00:13:161.2%, lower than that registered during
00:13:19the first quarter, the first semester. Although some
00:13:22sectors show signs of recovery, the prospects for the
00:13:26end of the year remain conditioned by consumption, real wages and the
00:13:29demand for
00:13:30pesos.
00:13:37Brazil has implemented new provisions to regulate customer service in sectors
00:13:41subject to federal supervision. Decree
00:13:4413,135, published on October 13,
00:13:48establishes obligations for telecommunications companies,
00:13:51airlines, electric services, health plans
00:13:54in financial entities and digital financial services platforms.
00:13:58The regulation requires companies to maintain telephone
00:14:01and electronic service with human operators between
00:14:058 in the morning and 8 at night, every day,
00:14:08including weekends and holidays. In addition, they must
00:14:12guarantee at least one digital channel available 24
00:14:15hours a day, although companies will be able to use artificial intelligence and
00:14:19automated systems, they must facilitate access to a human
00:14:23agent when the consumer requests it. The regulation also sets
00:14:27maximum waiting times. 80% of calls must be answered
00:14:30by a person within 20 seconds, while
00:14:33the rest cannot exceed 5
00:14:37minutes. The provisions contemplate the return of interrupted calls,
00:14:42complaints within a maximum of 7 calendar
00:14:45days, immediate attention for risk situations, they also
00:14:49prohibit charges for the service, limit service levels
00:14:53five to five and guarantee that
00:14:55cancellations can be requested through the different available channels. The
00:14:59National Consumer Secretariat and the regulatory bodies will
00:15:02be responsible for supervising the growth
00:15:05of these directives.
00:15:08directrices.
00:15:15It's time to take a first break and when we return in context we will see how the Day of the Dead
00:15:19celebration in Mexico has influenced the national economy,
00:15:22we come with all the analysis.
00:17:02What images from Mexico! The Day of the Dead mobilizes 53 million pesos
00:17:06in Mexico. The economy behind a
00:17:09tradition. The Day of the Dead transcends altars and
00:17:12offerings to become one of the commercial engines of the
00:17:16autumn season in Mexico. For 2026, the Confederation of National
00:17:19Chambers of Commerce and Services and Tourism estimates an economic
00:17:22spill of 53 billion pesos between October 25
00:17:26and November 2, which represents a growth of 7%
00:17:30compared to the previous year. The activity involves markets,
00:17:33bakeries, florists, restaurants, hotels and
00:17:37transport companies, as well as thousands of small family businesses. The
00:17:41commercialization of Cempasúchil, bread of the dead, candles,
00:17:44sweets and products for offerings concentrates a good part of the
00:17:47consumption. Thus, a celebration deeply rooted in Mexican identity
00:17:51also boosts the domestic market and generates income
00:17:54opportunities for different productive
00:17:56sectors.
00:18:04Behind every Day of the Dead altar there is an extensive
00:18:07production chain that begins in the agricultural fields and ends in the
00:18:11markets, bakeries and Mexican homes. Let's delve deeper into this
00:18:15day with the following material.
00:18:18The Cempasúchil flower represents one of its main
00:18:21engines for this 2026 season. Sector estimates
00:18:25point to a commercial production of around 20 million
00:18:29plants and 2 million bunches with revenues
00:18:32close to 400 million pesos. Puebla
00:18:36stands out in this activity, concentrating
00:18:39more than 1 hectare planted and a harvest
00:18:43exceeding 9600 tons,
00:18:46equivalent to about two
00:18:49thirds of national production, according to state
00:18:52authorities. The baking industry also finds in
00:18:56this festivity one of its most important commercial
00:19:00seasons. The National Chamber of estimates
00:19:03sales of pan de muerto for 1034 million
00:19:07pesos with an approximate production of 4,545
00:19:10tons during 2026. The average
00:19:13price calculated per kilogram reaches 227.50
00:19:17pesos, about 2% more than
00:19:20the previous year. This activity does not
00:19:23only benefit florists and bakers,
00:19:26it also involves suppliers of seeds,
00:19:30fertilizers, wheat, flour, sugar,
00:19:33eggs, milk, butter, packaging and
00:19:36transport services. The season shows how a cultural
00:19:40tradition can activate different links in the national
00:19:43economy, from primary production to retail
00:19:46commercialization. However, the challenge consists of ensuring that
00:19:50increased demand translates into better income for
00:19:53producing families and not only into higher
00:19:56margins for intermediaries.
00:19:58The Day of the Dead also strengthens
00:20:03cultural tourism and economic activity in different Mexican
00:20:07regions. For this season, the Ministry of Tourism projected
00:20:11the arrival of 1.69 million visitors to
00:20:14hotel establishments, a growth of 1.2%
00:20:18compared to 2025, as well as an average occupancy of 58.9%.
00:20:22Michoacán with the Night of Souls, Campeche with the
00:20:25Hanal Pixán festival, the Huasteca Potosina
00:20:28with the Xantolo and Mexico City with its parades and
00:20:32cultural activities are
00:20:36movement of visitors benefits hotels, restaurants,
00:20:39transportation, handicrafts and local businesses. The celebration
00:20:43shows that cultural heritage can also become a
00:20:46resource for regional development, as long as
00:20:49tourism incorporates the communities that preserve
00:20:52these expressions.
00:20:59The economic spill of this celebration also presents or represents an
00:21:03opportunity for thousands of small establishments that depend on the
00:21:06consumption of this season. In Mexico City, the Employers' Confederation of the
00:21:10Mexican Republic estimated revenues of
00:21:1212,396 million pesos and benefits for
00:21:16approximately 68,100 commercial establishments.
00:21:20Of these businesses linked to the festivity, 93.3%
00:21:22are micro-businesses, public markets, flower stalls,
00:21:26bakeries, restaurants and family businesses that concentrate
00:21:29a large part of this activity. However, the growth of sales does
00:21:33not guarantee an equitable distribution of income. The economic
00:21:36challenge is to strengthen local commercial
00:21:39circuits, reduce intermediation and
00:21:43ensure that the spending of visitors and consumers also reaches those
00:21:46who produce and keep the tradition alive.
00:21:50The international projection of the Day of the Dead
00:21:59has expanded its economic dimension beyond Mexican borders. Its
00:22:03presence in cinematographic productions, shows,
00:22:06exhibitions and tourist circuits has contributed
00:22:09to positioning this celebration as a cultural attraction for
00:22:12foreign visitors. However, transforming this
00:22:16recognition into economic development poses new
00:22:20challenges. Specialists from the Ibero-American University
00:22:23warn that tourism growth does not in itself guarantee that
00:22:27benefits reach artisans, producers and traditional
00:22:30communities. Therefore, they propose strengthening national
00:22:33supply, fair trade and the participation of
00:22:36local businesses in value chains. The internationalization
00:22:40of this tradition opens up commercial opportunities, but also raises
00:22:44the need to protect its cultural significance and
00:22:47prevent profitability from displacing those who have historically
00:22:51preserved its expressions.
00:23:171,477 food products and beverages from
00:23:21195 major manufacturers will increase in
00:23:24November. The recent survey by the Japanese research
00:23:27company Teikoku Data Bank, indicated that the
00:23:30number of products is almost 10 times more than the
00:23:34150 items registered in the same month last year. It highlighted that
00:23:38condiments, including sauces and mayonnaise, accounted for the largest
00:23:42part with 644 items, followed by alcoholic
00:23:45and non-alcoholic beverages with 417
00:23:48items, while the number of food and beverage
00:23:51products subject to price increases this year has
00:23:55reached 20,327,
00:23:58exceeding 20,000 for the second consecutive year. Given
00:24:02this, the surveyed companies attributed the latest round of price increases
00:24:05mainly to the increase in raw material, energy and labor
00:24:09costs. And for the future, the research company expects that the
00:24:13pace of price increases could slow down as
00:24:16companies pass on higher costs while carefully
00:24:20evaluating consumer responses.
00:24:23I tell you now that Gas
00:24:32Infrastructure Europe, based on its most recent
00:24:34data, stated that European countries failed to fill their
00:24:38underground gas storage facilities to the minimum 80% required by the
00:24:42European Commission and remained at 75%.
00:24:45The association assured that the European Union failed
00:24:49in its preparations for winter and indicated,
00:24:52forgive me, that the heating season started with gas
00:24:56reserves at their lowest level since 2011, indicating
00:24:59that at the end of October 2026, European gas
00:25:02storage facilities were 74.62% full, compared
00:25:06to 82.8% recorded in the same period but in
00:25:092025, and assured that the conflict in Western Asia has
00:25:13raised the costs of gas imports to Europe by between
00:25:1618 million and 33 million euros.
00:25:19For its part, the European Network of Transmission System
00:25:22Operators for Gas warned that if the availability of liquefied
00:25:26natural gas remains limited, gas reserves
00:25:29in European storage facilities could fall very below the critical
00:25:32level of 30% by the end of winter.
00:25:45In Sudan, the population is struggling to cope with the rising prices of basic
00:25:49necessities amidst conflict and global
00:25:53instability. Currently, Sudan is experiencing an imbalance between the supply and demand
00:25:57of essential goods and basic necessities, compounded by external
00:26:01factors such as tensions in Western Asia and the rising
00:26:04international price of energy. In turn, the exchange rate has
00:26:07increased considerably since the beginning of the conflict,
00:26:11going from 560 Sudanese pounds per US dollar
00:26:14in 2023 to 4,800
00:26:17pounds per dollar. And in the parallel market, it is
00:26:20estimated to exceed 10,000 Sudanese
00:26:24pounds per US dollar. Likewise,
00:26:27inflation continues to affect the population's budget,
00:26:30claiming that today a product can cost
00:26:33100,000 Sudanese pounds and tomorrow it could cost 150,000.
00:26:37The situation is not improving for Sudan, given its dependence on imports,
00:26:41which have been affected by the instability in Western
00:26:44Asia, a complex scenario for a population that, with
00:26:47few resources and limited humanitarian aid, tries to cover
00:26:51its basic needs such as food and medical
00:26:55attention.
00:27:11countries will keep their crude oil supply unchanged
00:27:14in December. OPEC or OPEC Plus reported through a
00:27:17statement that Saudi Arabia, Algeria, Iraq, Kazakhstan, Kuwait,
00:27:21Oman and Russia will maintain the required production levels for
00:27:25September in December. In turn, the organization indicated that production
00:27:28volumes will remain at 10.478 million
00:27:32barrels per day for Saudi Arabia, 9.949 million
00:27:36for Russia, 4.431 million barrels per day for Iraq,
00:27:402.676 million barrels daily for Kuwait,
00:27:431628 million barrels daily for Kazakhstan,
00:27:471007 million barrels daily for Algeria and
00:27:50841 barrels daily for Oman, and he assured that the seven
00:27:53OPEC Plus countries will continue holding monthly meetings, the
00:27:57next one to be held on November
00:27:5929th.
00:28:10Now let's review the oil indicators at the close of today's session, we start as
00:28:14every day with the Texas intermediate oil barrel, WTI which marked
00:28:18a price of $96.26,
00:28:20a significant drop of
00:28:22$7.86. The Brand barrel, a benchmark in
00:28:26Europe, was located at $104.29,
00:28:29an increase in this case of 4 cents of a dollar. And finally, we
00:28:33report that the crude averaged by OPEC marked a price of
00:28:36$115.86, an increase of
00:28:39$3,