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MercoPress, en Español

Montevideo, July 1st 2025 - 08:26 UTC

Economy

  • Tuesday, April 29th 2025 - 20:55 UTC

    Supermarket sales in Argentina plummet under Milei, UBA study finds

    There are no positive signs on the demand side

    Supermarket sales in Argentina have dropped by 8% while wholesale sales have plummeted by 22% under President Javier Milei, a report from the University of Buenos Aires showed Tuesday. The decline is attributed to adjustment policies causing high inflation and tariff hikes, which eroded wage purchasing power, redirecting spending from consumer goods to basic services, thus reversing a brief recovery between January and November 2023 (before Milei took office).

  • Tuesday, April 29th 2025 - 07:43 UTC

    Falklands, the size and maturity of Loligo squid forces closure of fishing season

    The lack of commercial size squid comes in a year when fishing companies have invested heavily in new vessels.

    The Falkland Islands Government Fisheries Department has confirmed that the Loligo fishing season has closed. The season closed on Sunday 27 April. Following issues with the second season in the last two years, the first season was closely monitored, particularly with regards to size and maturity of squid being caught.

  • Monday, April 28th 2025 - 10:55 UTC

    IMF tightens the reins on Colombia

    Petro calls Georgieva “a vampire”

    Colombian President Gustavo Petro said the International Monetary Fund (IMF) authorities were “vampires” who suspended his country's access to a US$ 8.1 billion flexible credit line on Saturday.

  • Monday, April 28th 2025 - 09:52 UTC

    Aerolineas Argentinas to shut down all but 2 ticket offices

    These cost cuts come as the Libertarian government is expected to resurface privatizing the airline

    Argentine President Javier Milei's “chainsaw” policies reached flag carrier Aerolíneas Argentinas, which will be shutting down 19 of its 21 ticket offices nationwide. Only the Mendoza and Córdoba branches will remain operational, pushing customers to online booking and purchasing.

  • Thursday, April 24th 2025 - 18:31 UTC

    Argentina's economic reform, an example to the world

    Argentina deserves the IMF's support because it is making real progress, Bessent noted

    International Monetary Fund (IMF) Managing Director Kristalina Georgieva expressed once again her support for Argentina's economic policies following an encounter with Argentine Economy Minister Luis Toto Caputo during the IMF and World Bank Spring Meetings in Washington.

  • Thursday, April 24th 2025 - 07:28 UTC

    US Senate bipartisan measure to bolster response to IUU fishing

    Former US Southern Command General Richardson meets with defense leaders from Argentina

    The Unites States Senate has introduced legislation designed to tackle the problem of illegal, unreported, and unregulated (IUU) fishing. The bipartisan measure is geared “to deter IUU fishing by China and othe bad actors, and bolster US international response to these illegal activities”.

  • Thursday, April 24th 2025 - 07:13 UTC

    EC heavy fines on Apple and Meta for breach of Digital Market obligations

    Apple was found to have breached its “anti-steering” obligation under the DMA, while Meta was considered not to have given consumers the choice of a service that uses less of their personal data

    US tech giants Apple and Meta were fined €500 million ($572 million) and €200 million respectively. by the European Commission for breach of the EU's Digital Markets Act (DMA) obligations

  • Wednesday, April 23rd 2025 - 10:59 UTC

    IMF revises region's growth downwards amid US tariff war

    The IMF adjusted its GDP growth forecast for Brazil downward for 2025 to 2.0% from 2.2%

    The International Monetary Fund's (IMF) April 2025 Global Economic Outlook, released Tuesday in Washington, revised global and regional economic forecasts downward due to the US-initiated trade war and associated uncertainties.

  • Wednesday, April 23rd 2025 - 10:16 UTC

    Significant drop in Argentine beef exports reported

    Argentine beef exports dropped significantly in Q1 2025 compared to Q1 2024, with a 28% decrease in volume (142,500 tons) and a 7.5% decrease in value (US$694.4 million), it was reported Tuesday in Buenos Aires.

  • Monday, April 21st 2025 - 09:40 UTC

    Brazil resumes export insurance scheme

    The government is acting to ensure that companies are better able to export more, Alckmin said

    Brazil's Ministry of Development, Industry, Foreign Trade and Services (MDIC) has resumed the post-shipment export credit insurance (SCE) mechanism, which had been discontinued in 2019.