Argentina approves Indian Covishield coronavirus vaccine

Argentina announced it has approved the emergency use of the Indian-made Covishield vaccine. Health Minister Ginés González García signed a decree granting "emergency authorisation" for the the use of the vaccine, produced by India's Serum Institute. The Covishield vaccine is essentially the same as the British developed AstraZeneca/Oxford vaccine that previously received approval on December 30.

Short term deposits in Argentina increased to 82%

Argentines are turning to short-term deposits in the face of inflation and devaluation fears. The percentage of money in two-month peso instruments increased to 82 percent on February 1, compared to 73 percent in January 2020 and 6 percent in the same month of 2019, according to Central Bank data. On the other hand, deposits linked to inflation increased 81 percent during the last year.

MercadoLibre accused of unfair competition in Brazil

Brazil's major retailers are preparing a complaint to the country's competition regulator, CADE, against MercadoLibre. The shops - which, because of the pandemic, have concentrated much of their activity in e-commerce - accuse the regional giant's subsidiary of distorting the market and engaging in unfair competition practices. The company denies this.