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MercoPress, en Español

Montevideo, November 21st 2024 - 19:39 UTC

Stories for May 2018

  • Saturday, May 5th 2018 - 09:15 UTC

    When Will Electric Cars Take Over The Roads?

    The biggest factor in the EV surge is what's under the hood… lithium ion batteries.

    The age of the electric vehicle (EV) will be here sooner than you think.

  • Saturday, May 5th 2018 - 09:08 UTC

    Trump said date and location for meeting with Kim Jong Un has been set

    The White House announced that Trump will host South Korea's Moon at the White House on May 22, in talks aimed at demonstrating allied unity

    President Donald Trump on Friday said the date and location have been set for a meeting with North Korean leader Kim Jong Un, building suspense for the unprecedented talks, as South Korea said it would oppose a withdrawal of U.S. troops from the area.

  • Saturday, May 5th 2018 - 09:05 UTC

    Brazilian recovery stalls as industrial output falls 0.1% in March

    The figures mark the third straight month of weaker-than-expected output from Brazilian industry, which had previously led the economy's rebound.

    Industrial output in Brazil contracted unexpectedly in March, the latest in a string of weak data suggesting a recovery in Latin America's largest economy hit a bump in the first quarter. Production fell 0.1% from February, government statistics agency IBGE announced.

  • Saturday, May 5th 2018 - 08:58 UTC

    Beijing triggers Marx controversy in Germany with statue donation to his home town of Trier

    German local officials have appealed for calm as rival groups prepare for rallies in Trier on Saturday.

    Chinese gift of a statue of Karl Marx is dividing Germans, as his home town of Trier prepares to unveil it 200 years after his birth. Marx co-wrote the Communist Manifesto, which said that all human history had been based on class struggle. His work remains controversial in Europe but is presented by China as central to its way of governing.

  • Saturday, May 5th 2018 - 08:50 UTC

    Labour party faces “unmitigated disaster” and demands a “proper post-mortem”

    Labour’s Chukka Umunna said that “after eight years of Tory government and the resignations of several senior ministers... Labour to be making far greater gains”

    Jeremy Corbyn is facing a Labour backlash over his party’s “unmitigated disaster” at the polls, which prompted Theresa May to taunt his failure to make an electoral breakthrough. As the dust settled Labor’s Chukka Umunna called for his party’s ruling National Executive to set up a “proper post-mortem,” warning the results could not give it confidence it would win the next General Election.

  • Saturday, May 5th 2018 - 08:26 UTC

    England local elections: May relieved, Corbyn questioned and Lib-Dem surging

    Theresa May visited Wandsworth hailing as a success the fact that Labour had failed to capture a borough that has been under Conservative control for 40 years.

    Britain’s two main parties emerged from May 3 local elections in England in a draw, with Labor making gains but failing to capture target councils from the Conservatives. Ukip (Independent party) was almost wiped out, losing all but three of its 126 seats, but the Liberal Democrats had a good night, gaining 75 seats and winning control of four more councils.

  • Saturday, May 5th 2018 - 07:24 UTC

    Argentina hikes benchmark rate to 40%, easing pressure on the Peso but not on inflation

    Analysts said the move suggested the Central Bank had done enough for now to stabilize the peso.

    Argentina's Central Bank on Friday hiked its benchmark interest rate to 40% to support the peso, the third such hike in just over a week and one day after the currency plunged in value. Following the decision, the peso -- which has lost more than 10% of its value in the past month -- opened 6% higher against the dollar.

  • Friday, May 4th 2018 - 09:00 UTC

    Argentine Peso tumbles 7.83% to US dollar; central bank raises rate to 33.25%

    The Peso tumbled 7.83% to 23 per U.S. dollar. It had hit 21.2 (23,5 in some banks) to the greenback on Wednesday. The central bank hiked the rate to 30.25% from 27.25% on Friday.

    Argentina’s central bank raised its benchmark interest rate by 300 basis points to 33.25% percent on Thursday, but the second steep rate increase in less than a week failed to stop the country’s peso currency from swooning to a record low. The local currency tumbled 7.83% to 23 per U.S. dollar. It had hit 21.2 to the greenback on Wednesday, the first trading day due to a holiday after the bank hiked the rate to 30.25% from 27.25% on Friday.

  • Friday, May 4th 2018 - 08:49 UTC

    EU parliament demands Venezuela elections be 'immediate suspended'

    The head of European diplomacy, Federica Mogherini: “We ask for a review of the electoral calendar based on an agreed and credible calendar”.

    The European Parliament voted on Thursday for the immediate suspension of the presidential elections on May 20 in Venezuela, considering that they do not guarantee any credibility for their lack of transparency and inclusion. In this way, the body and the representative of the European Union (EU) for Foreign Policy, Federica Mogherini, call for the restructuring of an electoral agenda in which there are no outlawed candidates and the necessary electoral guarantees are fulfilled.

  • Friday, May 4th 2018 - 08:38 UTC

    Falkland Landholdings: increase in production numbers and quality

    FLH General Manager Andrew Pollard in April attended the Merino Conference in Montevideo which also included a tour of farms and technology center

    An overall increase in production numbers and quality at Falkland Landholdings was reported by General Manager Andrew Pollard at the FLH Board meeting on March 27. Mr. Pollard in early April also attended the World Merino Conference held in Montevideo, an excellent opportunity to meet Uruguayan customers of Falklands' wool, sheep farmers from other countries and Peter Ackroyd, President of the International Wool Textile Organization, IWTO.