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Montevideo, June 10th 2023 - 20:24 UTC

Stories for August 2016

  • Wednesday, August 10th 2016 - 05:42 UTC

    Stress tests expose weakness of EU banks, particularly Deutsche Bank

     “European banks lack sufficient capital to offset the losses expected in the case of another financial crisis,” the ZEW said in a statement on Tuesday.

    Germany's Deutsche Bank had the highest potential capital shortfall, 19 billion Euros in a study of 51 European banks using U.S. Federal Reserve stress test methods, German economic research institute ZEW said.

  • Wednesday, August 10th 2016 - 05:33 UTC

    Punta Arenas airport plans to double passengers' terminal area and commercial aircraft capacity

    Arrival of passengers at Punta Arenas airport has experienced a sustained increase averaging 9.5% between 1995 and 2015, when it reached 900.000 people.

    Punta Arenas airport is planning to double the area of the passengers' terminal and increase the number of jet bridges from three to five, as part of a major expansion program given the increase in annual commercial traffic at the President Carlos Ibañez del Campo Airport, which has been double the Chilean average.

  • Wednesday, August 10th 2016 - 05:24 UTC

    Venezuela as Mercosur full member faces deadline: Friday 12 August

     “We´re waiting to see what happens this Friday, deadline for Venezuela to show it has complied with conditions to enjoy full membership of Mercosur”, said Loizaga

    Brazil, Paraguay and Argentina are waiting for a report on Venezuela´s compliance with the accords agreed in 2012, which has to delivered next Friday 12 August, and could lead the group of three counties deciding the suspension of Caracas as full member of Mercosur. A week and a half later, 23 August, representatives of these countries will be meeting to address the issue.

  • Wednesday, August 10th 2016 - 03:54 UTC

    Falklands 2014 and 2015 business climate surveys “very good”, but 2016 prospects aren't so rosy

    The Business Climate Survey is undertaken by the Falklands Islands Development Corporation, FIDC, with support from the Falklands Chamber of Commerce

    The Falklands Business Climate Survey strongly suggests that 2014 and 2015 were two very good years for the Islands economy and its business community, which translated in profits and higher levels of turnover, particularly 2015. However survey respondents predictions for this year and onwards aren't as rosy with many businesses anticipating lower turnover and investments, but not necessarily profits, while the overall average rating for the Islands' economy weighed between “average” and “good”.

  • Wednesday, August 10th 2016 - 03:49 UTC

    UK with a Great Pavilion will be present at Uruguay's main agriculture show

    One of the highlights of this year will be the focus on agricultural technology with a series of lectures by British and Uruguayan experts.

    With just a month to go until Uruguay's main agro show, Expo Prado, the British Embassy in Montevideo announces that for the third consecutive year it will be present with a Great Pavilion focused on business, education, culture, tourism, gastronomy and entertainment. British brands such as JCB Machinery, Polo Club clothing, FCR-DAS who specialise in quality management certification, fire extinguishers from Noblex, Brompton and other bicycles courtesy of Muvin will all be taking part.

  • Tuesday, August 9th 2016 - 22:18 UTC

    Seabirds threatened by by-catches, pollutants and climate change, according to BAS research

    Lead author Dr Richard Phillips from BAS says seabirds become hooked on baited hooks, trapped in nets or collide with warp cables, when scavenging for food

    A review of breeding distributions, population trends, threats and key priorities for conservation actions on land and at sea for the 29 species covered by the Agreement on the Conservation of Albatrosses and Petrels (ACAP) has been published in the journal Biological Conservation. It reveals increased conservation efforts are required in order to secure a sustainable future for albatrosses and large petrels.

  • Tuesday, August 9th 2016 - 09:11 UTC

    Pope Francis blesses massive dignity march in Buenos Aires against unemployment and recession

    The rally, which happens every year in the name of San Cayetano, patron saint of workers and the unemployed, saw the iconic church swamped with people

    Argentines with the support of the Catholic Church and a message from Pope Francis, on Sunday turned an annual religious celebration into a massive rally to protest growing unrest over unemployment, recession, inflation and a promised second half of the year rebound which remains absent.

  • Tuesday, August 9th 2016 - 08:57 UTC

    Head of Brazil's nuclear energy development sentenced 43 years in jail for corruption

    Othon Luiz Pinheiro da Silva considered the father of Brazil’s nuclear program and a pillar of the military-industrial establishment, was convicted of corruption

    The CEO of Brazil’s nuclear power company Eletronuclear, was sentenced to serve 43 years in prison by a Rio de Janeiro judge, Valor Economico newspaper reported. Othon Luiz Pinheiro da Silva considered the father of Brazil’s nuclear program and a pillar of the military-industrial establishment was convicted of corruption, money-laundering, organized crime and obstruction of justice, in the latest chapter of the country’s historic “Operation Carwash” investigation.

  • Tuesday, August 9th 2016 - 08:51 UTC

    China's foreign trade further declines in July: imports down by 12.5%

    China is a crucial driver of the worldwide economy and the data is seen as a snapshot of the global outlook.

    Chinese exports have seen a further decline in July, adding to concerns over the global economic outlook. Exports fell by 4.4% compared to a year earlier, which was a slight improvement over June's 4.8% drop but still worse than analysts had been expecting. And imports were also weaker than estimated, down by 12.5%.

  • Tuesday, August 9th 2016 - 08:40 UTC

    Trump trailing in the polls pledged slashing taxes and regulations to “jump start America”

    “We are in a competition with the world, and I want America to win,” Trump told the Detroit Economic Club

    The United States Republican presidential candidate Donald Trump said on Monday he will slash taxes, block onerous financial regulations and unleash the energy sector as he pledged to “jump-start America” with a new economic plan if he is elected president.