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Montevideo, September 19th 2018 - 01:31 UTC

Stories for January 2nd 2018

  • Tuesday, January 2nd 2018 - 11:19 UTC

    Busiest air route in North America is Mexico City/Cancun with 3.7m pax

    Mexico City Juarez/Cancun 1.295kms route in the twelve-month period to October 31, 2017, was at the top of the rankings. The average cost of a ticket was US$72.

    A new study shows that Mexico City to Cancun is the busiest air route in North America. Almost 3.7 million passengers traveled the 1,294 km journey between Mexico City Juarez and Cancun in the twelve-month period between November 1, 2016 and October 31, 2017, putting it at the top of the study’s rankings. The average cost of a ticket was US$72.

  • Tuesday, January 2nd 2018 - 11:13 UTC

    Panama Papers enable tax authorities worldwide to recoup US$ 500 million

    Last July, the German federal police agency announced it had bought the Panama Papers data. The agency conducted raids and has so far frozen two million Euros.

    More than US$500 million has been recouped by tax authorities worldwide after the Panama Papers revelations, first published in April 2016. Spain alone collected US$122 million after an investigation into the affairs of tax residents who had stockpiled money offshore. Among the countries represented in the Panama Papers data, a total of 15 – on three continents – have publicly commented on the amount of taxes recovered by tax authorities.

  • Tuesday, January 2nd 2018 - 11:07 UTC

    Airbus closes a deal for a 430 aircraft order valued at US$ 49.5bn

    The signed purchase agreement follows a Memorandum of Understanding among the parties announced at the Dubai Air Show in November.

    Airbus announced that it had finalized agreements with Indigo Partners and its four portfolio airlines for the purchase of 430 additional A320neo Family aircraft for ultra-low-cost airlines Frontier Airlines (United States), JetSMART (Chile), Volaris (Mexico) and Wizz Air (Hungary).

  • Tuesday, January 2nd 2018 - 11:03 UTC

    Berlusconi looks as kingmaker for 4 March general election; Merkel wished him good luck

    Currently the largest number of seats looks set to be taken by an alliance centered on Silvio Berlusconi's Forza Italia.

    Italians will head to the polls on 4 March in elections that look set to result in renewed instability and thrust former leader Silvio Berlusconi back to the centre of the political stage. Prime Minister Paolo Gentiloni's cabinet set the date for the election after President Sergio Mattarella dissolved parliament.

  • Tuesday, January 2nd 2018 - 10:58 UTC

    Brexit: First quarter of 2018, “point of no return” for financial services industry

    HSBC has said it is on course to move up to 1,000 jobs to France where it already has a full service universal bank after buying up Credit Commercial de France

    The clock is ticking for the financial services industry, with banks said to be months away from being forced to act on Brexit contingency plans that could see thousands of jobs leave the UK. The first quarter of 2018 has been dubbed the “point of no return” for banks, insurers and asset managers as the industry calls on the UK to clinch a transition period that would extend market access to the EU beyond March 2019.

  • Tuesday, January 2nd 2018 - 10:53 UTC

    Japan prepared to lift its ban on beef imports from Uruguay

    An expert panel of the Agriculture, Forestry and Fisheries Ministry determined in  December that sufficient safeguards are in place at farms and processing facilities

    Japan is planning to lift a ban on beef imports from Uruguay next year, ending a more than 17-year embargo following the outbreak of foot-and-mouth disease in the South American nation in 2000, according to government sources in Tokyo.

  • Tuesday, January 2nd 2018 - 10:44 UTC

    Royal Mint coins to celebrate Frankenstein, the Armistice, Women's vote and RAF

    The moment of the long-awaited ceasefire is the subject for 2018. The design for the Armistice £2 coin features words from Wilfred Owen’s poem “Strange Meeting”

    The United Kingdom will make new coins this year to celebrate the 200th anniversary of Mary Shelley’s “Frankenstein’’ as well as commemorate a century since women started gaining the right to vote. Designs on special two-pound coins will also honor the end of the First World War and the creation of the Royal Air Force in 1918, the U.K.’s Royal Mint said in a statement.

  • Tuesday, January 2nd 2018 - 10:20 UTC

    Hyperinflation that degrades any salary increase

    There was registered an increase in the price of more than 100% of several foods this month, some of which exceeded their cost by 1,500% in the course of 2017.

    A new salary increase arrived to Venezuela -the seventh in a year-, but the purchasing power of Venezuelans continues insignificant compared to the high price of low supply due to hyperinflation. While it is not possible to slow down the variation of prices in the different products of the basic basket, any wage increase is insufficient and exacerbates the problem. In one year, salary increased 511%, while inflation in 2017 closed at 2.735%, the highest in the world.

  • Tuesday, January 2nd 2018 - 07:27 UTC

    New Year in Uruguay begins with a raft of goods and services price increases

    Uruguay has the “privilege” of being the Latin American country with the dearest fuel prices. Ancap is the company responsible for refining oil

    New Year has taken off in Uruguay with a raft of utilities' rates increases which includes power, fuels, drinking water, telecommunications, urban bus fares, plus extra taxes on tobacco and gambling. Inflation in the twelve months to November was 6.30%.

  • Tuesday, January 2nd 2018 - 06:55 UTC

    Icebreaker Irizar calls at Ushuaia on her 2017/18 Antarctica campaign

    The refurbished vessel, with greater lab facilities, will be involved in scientific research missions and carries a greater number of experts in different disciplines.

    Argentina's flagship of Antarctica operations is back after ten long years. The refurbished icebreaker ARA Almirante Irizar, called at Ushuaia, Tierra del Fuego, on New Year before leaving for the 2017/18 summer campaign.

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