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Montevideo, July 19th 2018 - 07:41 UTC

Stories for April 8th 2016

  • Friday, April 8th 2016 - 09:25 UTC

    Brazil's model of 'national production' is over: a Mercosur open to the world a solution

    “Mercosur domestic market is not sufficient to support sustained economic growth in country members and to achieve that we need to export more” said Botafogo.

    Brazil exhausted its economic model, the domestic market is no longer enough and Brazilian protectionism hindered competitiveness and scared foreign investment, claimed retired Brazilian diplomat Jose Botafogo at the international symposium “The future of Mercosur” organized in Paraguay as part of the 25th anniversary celebration of the South American block.

  • Friday, April 8th 2016 - 08:05 UTC

    Cameron finally admits he owned shares in an offshore trust, which he sold in 2010

    On Wednesday, Downing Street issued a statement saying Mr. Cameron his wife and children did not benefit from offshore funds

    British Prime Minister David Cameron has said he and his wife Samantha owned shares in an offshore trust set up by his late father, before selling them for £30,000 in 2010. The PM has faced questions over Blairmore Holdings, an offshore company set up by his late father, Ian, and finally on Thursday he old ITV News he had paid all UK taxes due on the profits he made from the sale of the shares and said the firm had not been set up to avoid tax.

  • Friday, April 8th 2016 - 07:38 UTC

    Falklands celebrates the 150 years of Port Howard historic farming

    A view of Port Howard, which has been a pioneer in Falklands' farming

    Falkland Islands celebrated the 150 years of a farm in West Falkland at a ceremony held in Port Howard, honoring owners Christopher and Myles Lee that were presented with a plaque celebrating the century and a half of the farm being operational, at an historic Legislative Assembly held in the community hall last week.

  • Friday, April 8th 2016 - 07:28 UTC

    Uruguay in Brussels to begin a crucial round of Mercosur/EU negotiations

    Nin Novoa has a meeting scheduled with EU Trade Commissioner Cecilia Malmström and is expected to agree on dates for the formal exchange of proposals

    Uruguay Foreign Minister Rodolfo Nin Novoa is scheduled to begin this Friday in Brussels what is believed to be the last round of talks with the European Union to reach a wide ranging cooperation and trade agreement between Mercosur and the European Union.

  • Friday, April 8th 2016 - 07:12 UTC

    Irish beef farmers strongly reject accord with Mercosur; protest letter to Trade Commissioner Malmstrom

    Irish Minister for Agriculture Simon Coveney wrote a very strongly-worded letter to European Trade Commissioner Cecilia Malmstrom urging her not to proceed.

    The Irish Farmers' Association has described an European Union offer to allow limited access to the EU market for Mercosur beef producers as “unfair”. The offer, which includes beef producers in Brazil, Uruguay and Argentina, is about to be presented to European Union member states for discussion, ahead of a proposed formal exchange of offers as part of the EU-Mercosur trade negotiations in May.

  • Friday, April 8th 2016 - 07:04 UTC

    FAO Food Price Index in March: sugar up, dairy products down and meats stable

    While prices for all dairy commodities fell, butter and cheese were the most affected, reflecting a build-up of stocks in the major exporting countries.

    The FAO Food Price Index for March rose by 1.0% compared to February, as soaring sugar prices and continued increase in palm oil quotations more than offset plunging dairy product prices. The Index averaged 151.0 points in March, its highest level in 2016, but still some 12.0% below its level of a year earlier.

  • Friday, April 8th 2016 - 06:58 UTC

    Large inventories and sluggish demand for 2016/17 global cereal production predicts FAO

    Maize output is seen growing by 1.1% to 1.014 million tons, driven by recovering yields in the European Union and expanding plantings in the United States

    World cereal production in 2016 is set to amount to 2 521 million tons, just 0.2% off last year's large output and the third-highest global performance on record, according to FAO's first forecast for the new season, released on Thursday. Large inventory levels and relatively sluggish global demand mean that market conditions for staple food grains appear stable for at least another season, the agency's latest Cereal Supply and Demand Brief predicts.

  • Friday, April 8th 2016 - 05:07 UTC

    MP Rosindell blasts 'direct rule' for BOTs as 'unnecessary and unjust'

    “I feel it would be both unnecessary and unjust to impose direct rule and force BOTs to raise their tax rates”, and leaving other nations and their OTs untouched.

    A UK member of Parliament has come out strongly in support of the British Overseas Territories praising their economic success and the right of their peoples to govern and decide their own future. MP Andrew Rosindell, Chairman of the BOT and Crown Dependencies all party Parliamentary groups described suggestions from some senior figures in Westminster calling for 'direct rule' over BOT's as unnecessary and unjust, based on a complete misunderstanding of the situation.