Stories for June 5th 2019

Wednesday, June 5th 2019 - 21:00 UTC
Uruguay: Finances don't grow; Economy Minister estimates an improvement for the second semester, as Macri did

Uruguay is experiencing, in recent months, a marked drop in investment and the generation of employment. Uruguayan Economy Minister Danilo Astori admitted Wednesday the fall of public accounts, with an annualized fiscal deficit in April that was 4.8% of GDP, and opted to provide greater incentives to investors and entrepreneurs. The Uruguayan press accuses the government of betting on the hope that the results will begin to be felt in the second half of the year, as it was heard a while ago in Argentina under the administration of President Mauricio Macri.
Wednesday, June 5th 2019 - 13:01 UTC
Falkland Islands Reception in London

Marking another successful year the Annual Falkland Islands Government Reception took place on Tuesday 4th June at Middle Temple, London.
Wednesday, June 5th 2019 - 10:50 UTC
PDVSA: Venezuelan oil exports fall 17% in May

Venezuelan oil exports fell by 17% in May compared to April, due to the difficulty to sell barrels of heavy crude oil that US refiners used to buy and process before the sanctions imposed on the Nicolás Maduro government, reported Reuters.
Wednesday, June 5th 2019 - 09:50 UTC
Brazil reluctantly recognized Venezuela opposition envoy as ambassador

Brazil's right-wing President Jair Bolsonaro received the diplomatic credentials of Venezuelan opposition leader Juan Guaido's envoy to Brazil, formally recognizing her as the ambassador of the neighboring country.
Wednesday, June 5th 2019 - 09:50 UTC
Brazil: Amazon rainforest deforestation advancing at its fastest rate during May

Deforestation of the Amazon rainforest in Brazil sped up in May to the fastest rate in a decade, according to data from an early-warning satellite system, as experts pointed to activity by illegal loggers encouraged by the easing of environmental protections under President Jair Bolsonaro.
Wednesday, June 5th 2019 - 09:41 UTC
Federal Reserve prepared to cut rates if trade conflicts threaten US economy

Chairman Jerome Powell said on Tuesday that the Federal Reserve is prepared to respond if it decides the Trump administration's trade conflicts are threatening the U.S. economy. Investors read his remarks as a signal that the Fed will likely cut interest rates later this year.
Wednesday, June 5th 2019 - 09:37 UTC
Trump bets strongly on Brexit and anticipates a “phenomenal trade deal” with UK

United States President Donald Trump emerged from a meeting on Tuesday with outgoing British Prime Minister Theresa May talking up a “phenomenal trade deal” between the two countries once the United Kingdom leaves the European Union. But he also hinted that any such deal would have to include opening up Britain's cherished National Health Service (NHS) - a proposition certain to stir controversy.
Wednesday, June 5th 2019 - 09:35 UTC
Boris Johnson warns the Conservative party faces extinction if Brexit is not delivered by October 31

Boris Johnson the front runner to replace Theresa May as British prime minister, warned Conservative Party colleagues that they face “extinction” if they didn't deliver Brexit by the current deadline of Oct 31.
Wednesday, June 5th 2019 - 09:30 UTC
World leaders join in south England to honor Allied soldiers on 75th anniversary of D-Day

Queen Elizabeth II is set to join British Prime Minister Theresa May, other world leaders and World War II veteran on the southern coast of England on Wednesday to honor the Allied soldiers who risked and gave their lives in large numbers 75 years ago for the D-Day invasion that helped liberate Europe from Nazi Germany.
Wednesday, June 5th 2019 - 09:15 UTC
Global growth fragile influenced by trade conflict and tumbling confidence, reports World Bank

The World Bank slashed its global growth forecasts for this year in a report released on Tuesday that portrayed a world gripped by deepening trade conflict, tumbling confidence and increasingly skittish investment. Although the global development lender currently expects a modest recovery 2020 and 2021, the bank said in its semi-annual report that a lot will have to go right for this to happen.