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Montevideo, June 17th 2024 - 16:57 UTC

Stories for May 3rd 2018

  • Thursday, May 3rd 2018 - 08:44 UTC

    Uruguay´s soybean crop forecasted to drop 43% because of devastating drought

    Soybean production is forecast to drop to 1.7 million tons in 2017-18, according to an April 30 GAIN report from the U.S. Department of Agriculture.

    Due to the recent devastating drought, soybean production in Uruguay is forecast to drop to 1.7 million tons in 2017-18, according to an April 30 Global Agricultural Information Network (GAIN) report from the U.S. Department of Agriculture.

  • Thursday, May 3rd 2018 - 08:39 UTC

    Lack of investor confidence sees the Argentine Peso fall 3.11% against the dollar

    The central bank sold about US$ 400 million in the foreign exchange market as of early Wednesday afternoon, traders said

    Argentina’s peso currency closed down 3.11% on Wednesday at an all-time low of 21.2 per U.S. dollar, even as the central bank continued selling dollars to try to halt the slide of the local currency, traders said. The currency’s sustained weakening showed a lack of investor confidence in Latin America’s third largest economy, which is blighted by one of the world’s highest inflation rates.

  • Thursday, May 3rd 2018 - 08:33 UTC

    Customs union controversy remains at the heart of the UK cabinet

    Downing Street said the meeting acknowledged there were “challenges” to the existing proposals but that both the options put forward are still on the table

    Theresa May has asked officials to draw up “revised proposals” for post-Brexit customs arrangements after a key meeting with her most senior ministers. The Brexit sub committee met on Wednesday to try to agree on a new model to replace the UK's membership of the customs union.

  • Thursday, May 3rd 2018 - 08:29 UTC

    Dominican Republic drops Taiwan and establishes relations with Beijing

    The Dominican Republic said it believed its switch to ties with China would be “extraordinarily positive for the future of our country”, in an official statement

    The Dominican Republic and China announced on Tuesday they were establishing diplomatic relations as the Caribbean country became the latest nation to dump Taiwan, leaving it with just 19 diplomatic allies around the globe. Taipei said it was “deeply upset” at the decision, which it blamed on “dollar diplomacy”. The move deepens the island's international isolation while its giant neighbor flexes its economic and political might on the global stage.

  • Thursday, May 3rd 2018 - 08:22 UTC

    Pope sends a greeting message to “Mothers of Plaza de Mayo” on their 41st anniversary

    The Pope’s greeting was addressed to Ana María Careaga, daughter of one of the  founders of the association, Esther Ballestrino de Careaga

    Pope Francis sent an audio message for the 41st anniversary of the “Madres de Plaza de Mayo” (Mothers of Plaza de Mayo), who protested against the disappearance of their children during the Dirty War (1976-1983) of Argentina’s military dictatorship.

  • Thursday, May 3rd 2018 - 08:19 UTC

    Congress members from Spain's ruling party divided on the Gibraltar question

    A first “soft” motion formally tabled was replaced by a motion that put Spain’s sovereignty aspirations centre stage and adopted a much harder position on Brexit

    Internal divisions on Gibraltar within Spain’s ruling Partido Popular have been laid bare in two versions of a parliamentary motion to be debated in the Foreign Affairs Commission of the Spanish Senate on Thursday.

  • Thursday, May 3rd 2018 - 08:13 UTC

    Euro zone economy grows faster than the UK in the first quarter

    Euro zone expanded 0.4% which is far better than the UK economy, which only grew by 0.1% in the same quarter.

    The European Union economy slowed in the first quarter of the year, official Eurostat figures have showed. Economic growth in the Euro zone slowed to 0.4% for the period from January to March 2018, compared with 0.7% in the previous quarter. Growth in the 19-country single currency bloc reached 2.5% year-on-year.

  • Thursday, May 3rd 2018 - 08:05 UTC

    World Press Freedom Day 2018: “Keeping power in Check”

    Antonio Guterres: It is crucial to building transparent and democratic societies and keeping those in power accountable. It is vital for sustainable development.

    On World Press Freedom Day, United Nations Secretary General, Antonio Guterres made a brief statement saying ”a free press is essential for peace, justice and human rights for all. It is crucial to building transparent and democratic societies and keeping those in power accountable. It is vital for sustainable development.