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Montevideo, August 19th 2018 - 23:49 UTC

Stories for March 21st 2018

  • Wednesday, March 21st 2018 - 20:27 UTC

    Peruvian president offers resignation to Congress ahead of an impeachment vote

    Kuczynski's resignation follows the shock revelation of several of the president's allies caught allegedly trying to buy a lawmaker to block the impeachment.

    Embattled President Pedro Pablo Kuczynski has offered his resignation to Peru's congress ahead of a scheduled vote on whether to impeach the former Wall Street investor on corruption charges, according to a presidential aide. If congress accepts the resignation, power would transfer to Vice President Martin Vizcarra, who is serving as Peru's ambassador to Canada.

  • Wednesday, March 21st 2018 - 20:25 UTC

    Powell's Fed confirms gradualism: anticipates 5 more modest rate increases in next 21 months

    Jerome Powell said the Fed expects to increase rates twice more this year, and in 2019 from two to three, reflecting on faster growth and lower unemployment.

    The Federal Reserve is raising its benchmark interest rate to reflect a solid U.S. economy and signaling that it's sticking with a gradual approach to rate hikes for 2018 under its new chairman, Jerome Powell. The Fed said it expects to increase rates twice more this year. At the same time, it increased its estimate for rate hikes in 2019 from two to three, reflecting an expectation of faster growth and lower unemployment.

  • Wednesday, March 21st 2018 - 10:07 UTC

    Facebook shareholder suing the company, which has lost US$ 50bn in value

    Cambridge Analytica, a US-based subsidiary of UK-based firm SCL, obtained as many as 50 million Facebook profiles by abusing Facebook's data sharing features

    A Facebook shareholder is suing the social media giant for allegedly misleading investors in the Cambridge Analytica affair that's currently rocking the social network. Fan Yuan, who owns Facebook stock, filed a lawsuit Tuesday in the District Court of Northern California, located in San Francisco, on behalf of Facebook shareholders. Gizmodo first reported the lawsuit, which is seeking class action status. You can read the full complaint here.

  • Wednesday, March 21st 2018 - 10:03 UTC

    Financial leaders reject protectionism, but prepare for a trade war

    U.S. President Donald Trump is expected to unveil tariffs on up to US$ 60 billion in Chinese technology and telecoms products by Friday

    The world’s financial leaders rejected protectionism on Tuesday and urged “further dialogue” on trade, but failed to diffuse the threat of a trade war days before U.S. metals tariffs take effect and Washington is to announce measures against China. Finance ministers and central bankers of the world’s 20 biggest economies, which represent 75% of world trade and 85% of global gross domestic product, discussed trade disruptions as a risk to growth at a two-day meeting.

  • Wednesday, March 21st 2018 - 10:00 UTC

    Google pledges to combat fake news monitor misinformation during elections”

    The project called MediaWise - in partnership with Stanford University among others- will help young news readers “distinguish fact from fiction online”.

    Google has said it will invest US$300 million in helping news organizations to fight fake news and grow their businesses. The search engine giant will also invest in new technological tools to enhance online news consumption.

  • Wednesday, March 21st 2018 - 07:49 UTC

    Falklands' air service upgrading avionics of its fleet of Islanders

    FIGAS has been an integral part of Falklands' life since 1948 and its very first Islander, destroyed in the Falklands War, entered service in October 1979. (Pic ThinkDefence)

    Britten-Norman has reported that it completed the first in a series of avionics upgrades to a fleet of five BN2B-26 Islanders owned and operated by the Falkland Island Government Aviation Services (FIGAS). The avionics are being upgraded to the Garmin G600 glass cockpit standard including the GTN650/750 GPS/NAV/COMM, GTX335R remote transponder and electronic engine instruments.

  • Wednesday, March 21st 2018 - 07:37 UTC

    UK inflation drops to 2.7% in February, weakest increase since July 2017

    Petrol prices fell on the month and food prices rose more slowly than in February 2017. Also pushing down on inflation was a slower rise in the price of ferry tickets

    UK inflation was weaker than expected in February easing some of the squeeze on households' spending power but doing little to change bets on a Bank of England rate rise in May. Official data showed consumer prices rose by an annual 2.7% last month, the weakest increase since July of last year and down from a rise of 3.0% in January.

  • Wednesday, March 21st 2018 - 07:29 UTC

    Ashes of Professor Hawking will rest next to the grave or Newton at Westminster Abbey

    A private funeral service will take place at Great St Mary's, the University Church on 31 March, Prof Hawking's family said.

    The ashes of Professor Stephen Hawking will be interred next to the grave of Sir Isaac Newton at Westminster Abbey, it has been revealed. The renowned theoretical physicist final resting place will also be near that of Charles Darwin, who was buried there in 1882. Prof Hawking, who had motor neuronal disease, died on 14 March, aged 76, at his home in Cambridge.

  • Wednesday, March 21st 2018 - 07:07 UTC

    Mercosur “blocks” talks on auto exports and government procurement contracts, claims EU

    “For the time (being) the negotiation on the Mercosur (deal) for different reasons is blocked,” French finance minister Le Maire told reporters.

    European officials said this week that significant obstacles remain to a long-delayed trade deal between the European Union and Mercosur, even as South American officials expressed optimism a deal would be finalized soon.

  • Wednesday, March 21st 2018 - 06:49 UTC

    Trump congratulates Putin and announces coming summit; Republicans furious

    During the call, Trump emphasized denuclearizing the Korean Peninsula, discussed the state of U.S.-Russia relations and resolved to continue dialogue

    President Donald Trump congratulated Russian President Vladimir Putin on his re-election during a phone call on Tuesday and the two leaders agreed to hold talks soon. “We will probably get together in the not-too-distant future, so we can discuss arms, we can discuss arms race.” Trump told reporters before an oval office meeting with Crown Prince Mohammad bin Salman of the Kingdom of Saudi Arabia.

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