Brazil has become Uruguay’s main trade partner and investor having taken over vital spaces of the country’s economy in its most dynamic sectors, according to different reports that have surfaced during the campaign for next month’s presidential election.
Uruguay, Chile, Costa Rica, Guatemala among nine countries remain in the so called “grey list” of tax havens from the Organization of Economic Cooperation and Development, OECD, one of the issues to be addressed by the G20 summit in Pittsburgh.
G20 is to take on an expanded role as part of a historic shift that recognises the rising influence of China, Brazil and India. The leaders of the world's top 20 wealthy and developing nations decided that the G20 will take over the role of pre-eminent council on global economic cooperation, a function that for more than three decades had been performed by a smaller club of leading industrial countries known as the G8.
Russia's largest carmaker, Avtovaz, is to cut up to 27,600 jobs as it tries to cope with the global slump in demand. The job cuts are more than a quarter of the 102,000-strong workforce at Avtovaz, which makes Lada cars.
British unions have condemned plans by car giant Jaguar Land Rover to close one of its UK plants. The firm said it would decide next year whether to shut its factory at Castle Bromwich in the West Midlands, which makes Jaguars, or its site at Solihull, which makes Range Rovers.
Britain’s Chancellor of the Exchequer Alistair Darling has warned bankers that the party is over and they must realise the world has changed. He made the comments in a BBC interview before leaving for the G20 summit in Pittsburgh.
Trouble has flared as world leaders gathered Thursday in the US city of Pittsburgh for the G20 summit. Reports said riot police used pepper gas and fired rubber bullets at protesters on a march near the venue.
Argentina’s Catholic Church considers “irritating” the argument that poverty had diminished in the country when it is plain evidence that this is not the case, “rather the contrary”. It is indignant for Argentina that the system should consider the excluded as “a variable of political success”.
The Jameel Poverty Action Lab (J-PAL) will open its new Latinamerican headquarters in Chile next Monday, Sept. 28. J-PAL is an organization that investigates poverty and is headquartered in Cambridge, Massachusetts at the Massachusetts Institute of Technology (MIT) Department of Economics.
Argentina's industrial production index in August rose 1.4% on the month, but was down 4.7% on the year, the Foundation for Latin American Economic Research, FIEL, said in a report released Wednesday.