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Montevideo, July 18th 2018 - 08:49 UTC

Stories for 2018

  • 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.

  • Thursday, July 5th 2018 - 08:48 UTC

    Latam agriculture and fisheries production to expand 17% over the next decade

    More than half of growth, 53%, can be attributed to an increase in crop production, about 39% to the livestock sector, and 8% from fisheries output

    Agricultural and fisheries production in Latin America and Caribbean is projected to expand by 17% over the next ten years, says a new report from the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO).

  • Thursday, July 5th 2018 - 08:41 UTC

    Brazilian stock market up 1%; Electrobras shares soar 18%

    Shares of power utility Eletrobras soared nearly 18% after the lower house of Congress agreed to speed approval of a bill seen as key to the sale of some assts

    Brazil's benchmark Bovespa index jumped more than 1% on Wednesday in low-volume trading on the U.S. Independence Day holiday, while shares of Brazilian power utility Centrais Elétricas Brasileiras SA soared.

  • Thursday, July 5th 2018 - 08:35 UTC

    Brazil Investigation into medical equipment fraud; top GE official arrested

    In addition to arresting GE's chief executive for Latin America, Daurio Speranzini Jr., prosecutors said federal police were carrying out 21 arrest warrants

    Brazilian police arrested a senior General Electric Co executive on Wednesday, as part of a sprawling investigation into fraud in medical equipment tenders overseen by health authorities in the state of Rio de Janeiro, police and prosecutors said.