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Montevideo, May 29th 2023 - 12:12 UTC

Stories for July 10th 2015

  • Friday, July 10th 2015 - 08:07 UTC

    Long term unemployed or low-paid becoming a major challenge for developed countries

    ”Time is running out to prevent the scars of the crisis becoming permanent, with millions of workers trapped at the bottom of the ladder,’ said Gurria

    The financial crisis dealt a blow to the jobs and future prospects of many workers around the world, particularly in Europe. But while unemployment in Europe is now falling for the most part, deeper technological change is making it harder than ever for people to get out of the long-term unemployment or low-paid, insecure jobs they were plunged into by the crash, according to a new report by the Organization for Economic Co-operation and Development.

  • Friday, July 10th 2015 - 07:51 UTC

    In a world of high debts, ”we have to be ready for episodes like this (Greece)” says IMF

    Blanchard said Greece is a small part of the world economy and its possible exit from the Euro zone should have limited impact on the rest of the world

    The International Monetary Fund on Thursday said it seemed Greece's crisis and market volatility in China would not affect when the US Federal Reserve chooses to raise interest rates. However earlier in the week the IMF suggested United States delays raising interest rates, warning that economic growth could be “significantly debilitated” by a soaring greenback.

  • Friday, July 10th 2015 - 07:44 UTC

    IMF sharply lowers Latin America's growth for 2015 and 2016, as commodities' prices plunge

    The WEO report on Latin Americas' largest economies predicts that Brazil will contract 1.5% and Mexico will grow 2.4% this year.

    The International Monetary Fund sharply lowered its growth forecast for Latin America and the Caribbean to 0.5% in 2015 and 1.7% next year, citing lower commodity prices and China's transition to a new growth model. The figures are down from the IMF's April projections for 0.9% growth this year and 2% next year.

  • Friday, July 10th 2015 - 07:34 UTC

    Argentine Supreme Court rules on patient's right to choose a dignified death

    The decision breaks new ground because it draws sharp distinction between termination of medical treatment, and euthanasia

    Argentina's Supreme Court upheld “the right of every patient to choose a dignified death,” drawing a sharp distinction between halting treatment and euthanasia. Justices confirmed a lower court’s decision to allow the end of extraordinary measures to preserve the life of a person, who had remained in a persistent vegetative state since 1995.

  • Friday, July 10th 2015 - 07:21 UTC

    Francis blasts consumerism and tells a million crowd “no one has to be discarded”

    Society cannot ignore people, the pope said, “no matter how little they possess or seem capable of contributing.”

    Pope Francis, a champion of the poor and social justice, on Thursday called on a million faithful to reject today's consumer society, at an open-air mass in Bolivia. On the second stop of his three-nation tour of South America, the pope addressed the throng in the vast Christ the Redeemer Plaza in Santa Cruz, including many people who camped out overnight to see him.

  • Friday, July 10th 2015 - 07:08 UTC

    China becomes main importer of Uruguayan and Argentine frozen beef

    Data revealed that China’s consumption of frozen Argentine beef has boomed in recent months, with the Asian giant receiving 35.2% of total exports.

    China has become the largest importer of frozen Argentine beef, according to the latest data released by the Industry and Trade of Meat and Meat Produce Association (CICCRA). However these figures are far from neighboring Uruguay which in four months shipped to China almost 50.000 tons, that has become the country's leading market.

  • Friday, July 10th 2015 - 07:00 UTC

    Putin announces BRICS development bank and currency reserve pool

    “The New Development Bank will be financing large-scale transport and energy projects and industrial development,” Putin said after talks with BRICS leaders

    Russian President Vladimir Putin said on Thursday that a new BRICS bank would become fully operational and finance energy projects next year as emerging markets attempt to challenge the Western-dominated financial system. BRICS nations -- Brazil, Russia, India, China and South Africa -- which represent 40% of the world's population, agreed in 2013 to establish their own development bank, with estimated capital of $100 billion.

  • Friday, July 10th 2015 - 06:38 UTC

    Cristina Fernandez campaigning hard to ensure the Kirchnerite legacy and 'Argentine independence'

    “There have always been, and there will always be, attempts to reduce the state. Some will try to go back to neoliberal policies,” said Cristina Fernandez

    Argentine President Cristina Fernández clearly on the campaign trail ahead of October's national elections, has warned economic and political opposition groups could attempt to force the country reintroduce “neoliberal policies,” dismantling the “inclusive state” built in the last twelve years. And beware because “now we can say that we are really an independent country”.