Stories for October 11th 2018

Thursday, October 11th 2018 - 16:47 UTC
Pensions way behind inflation, admits Argentine bureau chief

Argentina's Pensions Bureau (ANSES) Director Emilio Basavilbaso Wednesday acknowledged that inflation has rapidly outpaced what senior citizens collect monthly.
Thursday, October 11th 2018 - 16:31 UTC
Beef trade falls in Argentina due to crisis

Argentina's beef market fell 16.7% in September due to the country's crisis amid “worsening macroeconomic conditions,” according to the Chamber of Industry and Meat Trade (CICCRA).
Thursday, October 11th 2018 - 15:03 UTC
Malaysia to join list of countries that have abolished death penalty

Malaysia's government has pledged to amend the law and abolish capital punishment. It will also halt all pending executions, it was reported.
Thursday, October 11th 2018 - 14:42 UTC
Survey: Bolsonaro 13 points ahead for Oct 28 runoff

A survey published Thursday places far-right candidate Jair Bolsonaro 13 percentage points ahead of rival Fernando Haddad for Brazil's October 28 presidential runoff.
Thursday, October 11th 2018 - 09:08 UTC
US markets suffer their sharpest one-day fall: fears of interest rates, inflation and trade tensions

United States share markets suffered on Wednesday their sharpest one-day falls in months, as fears about rising interest rates, inflation, trade tensions intensified. The tech-heavy Nasdaq led the declines, sliding 4%, or 315.9 points, to 7,422. The Dow Jones and S&P 500 also fell by more than 3%, with losses accelerating towards the end of the day. Netflix fell 8%, while Amazon slid 6%.
Thursday, October 11th 2018 - 08:58 UTC
Conditions in Venezuelan prisons are “beyond monstrous” claims UN human rights office

Conditions in Venezuela’s prisons are “beyond monstrous”, the UN human rights office, OHCHR, said, before calling for an independent and transparent investigation into the death of a leading political opponent of the Government. Issuing the alert in Geneva, OHCHR spokesperson Ravina Shamdasani said that there were specific concerns for the well-being of 59 Colombian nationals, who’ve been held for more than two years without being charged.
Thursday, October 11th 2018 - 08:58 UTC
Hurricane Michael 155mph (250km/h) winds flood beach towns in Florida and moves to Georgia

The most powerful hurricane ever to hit the north-west state of Florida has flooded beach towns, submerging homes and snapping trees like twigs. Hurricane Michael made landfall on Wednesday afternoon as a category three storm with 250km/h winds in the state's Panhandle region. Two people have been reported killed in Florida.
Thursday, October 11th 2018 - 08:54 UTC
International tourism industry remains robust with 6% increase in first six months of 2018

According to the World Tourism Organization (UNWTO)’s latest barometer, international tourist arrivals grew 6% in the first six months of 2018 after a record year of growth in 2017. All world regions enjoyed robust growth in tourist arrivals in January-June 2018. The increase was fueled by strong demand from major source markets, supported by an upswing in the global economy. It comes after record year-round growth of 7% in 2017.
Thursday, October 11th 2018 - 08:45 UTC
Macri administration reverses latest cooking gas price increase following public outrage

Argentina will pay for unforeseen increases in the cost of cooking gas following public outrage and opposition in Congress to stymie the plan which would have seen consumers paying increased gas prices in 24 installments from January 2019.
Thursday, October 11th 2018 - 08:44 UTC
Argentina attracting more tourists while less Argentines travelling overseas

The number of incoming tourists to Argentina is increasing month after month since the drastic devaluation of the local currency, while outgoing tourism has dropped significantly. According to the latest release from the country's stats office, Indec, 224.000 tourists arrived in Argentina during August, 7.4% more than a year ago, while residents travelling overseas dropped 11.9%, to 335.300.