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Montevideo, July 19th 2018 - 19:13 UTC

Stories for July 6th 2018

  • Friday, July 6th 2018 - 10:56 UTC

    US tariffs on Chinese goods become effective: global trade war takes off?

    “The United States has violated World Trade Organization rules and ignited the largest trade war in economic history,”  China's Commerce Ministry said

    US President Donald Trump fired the biggest shot yet in the global trade war by imposing tariffs on US$ 34 billion of Chinese imports. China immediately said it would be forced to retaliate. The duties on Chinese goods started at 12:01am Friday in Washington, just after midday in China.

  • Friday, July 6th 2018 - 10:48 UTC

    Theresa May and split cabinet hold summit to agree on Brexit White Paper

    Mrs. May must resolve splits within the cabinet over the shape of Brexit. She is expected to present a proposal for UK-EU customs arrangements

    Theresa May says her cabinet has “a great opportunity - and a duty” to agree a blueprint for the UK's future relationship with the EU. Before Friday's crunch Chequers meeting she said she wanted “ambitious new trade deals” and an agreement “in the best interests of the UK and the EU”.

  • Friday, July 6th 2018 - 10:37 UTC

    Brazil's labor minister suspended by the Supreme Court on fraud investigation

    Yomura's removal is another blow to President Temer's administration, which has already seen several ministers resign amid scandal

    Brazil's labor minister was suspended Thursday by a Supreme Court justice as part of an investigation into fraud. Helton Yomura cannot enter the Labor Ministry's offices or have contact with its staff, said Joana Dantas, a ministry press officer.

  • Friday, July 6th 2018 - 08:43 UTC

    Brexit and the Falkland Islands: Potentially catastrophic?

    Fishing vessel in Falklands waters - In 2017 all loligo squid imported to Spain came from the Falklands

    Brexit could be “potentially catastrophic,” for the Falklands according to a recent UK newspaper article. And by all accounts it could have a serious impact if heavy tariffs were applied to goods exported from the Islands into the EU. But just how bad could it be?

  • Friday, July 6th 2018 - 08:41 UTC

    Trump planned invading Venezuela

    Amid its rapidly deteriorating economy and weakening law and order, Venezuela received threats from the US president Donald Trump to restore democracy in the country

    Associated Press (AP) revealed that last August, during a meeting in the Oval Office, US President Donald Trump asked a question that startled his advisors: given that the situation in Venezuela threatens regional security, why does the United States not invades the South American country?

  • Friday, July 6th 2018 - 08:24 UTC

    US EPA chief steps down following numerous scandals and ethics violations

    Federal officials are looking into some questions surrounding Pruitt, including first-class airline travel and ordering a US$ 43,000 soundproof booth for his office

    United States Embattled Environmental Protection Agency chief Scott Pruitt has resigned after fighting numerous scandals and alleged ethics violations. “The unrelenting attacks on me personally, my family, are unprecedented and have taken a sizable toll on all of us,” Pruitt wrote in his resignation letter to President Donald Trump on Thursday.

  • Friday, July 6th 2018 - 08:16 UTC

    The new oil cartel threatening OPEC

    China and India account for 17% of global oil consumption and they are the ones that would be the hardest hit if prices rise as a result of OPEC's actions.

    When reports emerged that India and China are in talks about forming an oil buyers' club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying.

  • Friday, July 6th 2018 - 08:12 UTC

    FDI in Latin America falls for the third year running, says ECLAC

    Alicia Barcena called on governments to promote quality FDI that is compatible with sustainable development, to promote a change in productive structures

    Despite an international context characterized by stronger growth in the global economy, abundant international liquidity, high corporate returns and optimism in financial markets, the flows of Foreign Direct Investment (FDI) in Latin America and the Caribbean – on average, and with great heterogeneity within the region – fell for the third year in a row in 2017 to total US$ 161.673 billion dollars, down 3.6% from the previous year and 20% below the level reached in 2011.

  • Friday, July 6th 2018 - 06:03 UTC

    Europe will impose tougher rules for visa exempt non-EU nationals

    ETIAS, which should be operational in 2021, was passed with 494 votes in favor, 115 against and 30 abstentions. It refers to travelers from some 60 countries

    Non-EU nationals exempt from visa requirements will have to get an authorization before travelling to the EU, under new rules backed by the European Parliament (EP) on Thursday.