United Nations Secretary-General Ban Ki-moon voiced on Wednesday disappointment at the collapse of the Doha round of trade liberalization negotiations, expressing concern over the effect of the breakdown of the talks on developing nations.
Faced with energy shortages after years of minimum investment, neglected maintenance and frozen rates the Argentine government announced this week electricity hikes to the tune of 10 to 30% for residential customers, the first since 2002.
The recurrent conflicts in Brazilian ports are having a direct impact on River Plate maritime traffic but the situation could be overcome if Montevideo expands its facilities and becomes a hub for the region, according to maritime agents.
The global credit crunch shows no signs of abating, according to the International Monetary Fund (IMF). In its latest global financial stability report the IMF says that falling house prices and slowing economic growth are hitting credit.
Marathon talks in Geneva aimed at liberalizing global trade have collapsed admitted the head of the World Trade Organisation Pascal Lamy. Officials have blamed China, India and the US for failing to agree on import rules.
By the end of the year Uruguay will be shipping beef directly to European Union consumers. The locally packed presentations will have all the traceability information plus the brand name with all the consumer data the supermarket wishes or has to comply with.
Farm production in Uruguay will consolidate its sixth year running of expansion, 66.5% since 2002, and farm exports are forecasted to reach 4.2 billion US dollars, a 51% increase over last year, according to a report from the Ministry of Agriculture Programming and Policies Office, OPYPA.
World trade talks entered a second week on Monday in Geneva with the United States representative accusing India and China of endangering the success of the discussions for having rejected a compromise painfully worked out by WTO Director General Pascal Lamy.
The People's Bank of China, (central bank) in a summary of its second-quarter policy meeting, pledged to keep a consistent monetary stance, the same word used on Friday by the top leadership of the ruling Communist Party to describe the planned thrust of economic policy for the rest of 2008.
The next United States president is expected to face a record federal budget deficit of almost half a trillion dollars. The White House is tipped to lift its deficit forecast for 2009 to 490 billion from 407 billion US dollars.