Stories for June 6th 2019

Thursday, June 6th 2019 - 09:59 UTC
Lagarde admits underestimating the Argentine economic situation

The International Monetary Fund, IMF, admitted on Wednesday that it had underestimated the “incredibly complicated situation” of the Argentine economy and also that taming inflation had taken much longer than originally expected.
Thursday, June 6th 2019 - 09:58 UTC
Mercosur's Common External Tax in the agenda Bolsonaro will discuss with Macri in Buenos Aires

Brazil and Argentina have started discussing a reduction in the common external tariff (TEC) of the Mercosur trade block, sources in both governments revealed on Wednesday, as their market-friendly presidents look to boost economic growth.
Thursday, June 6th 2019 - 09:57 UTC
Falklands' MPA catering and logistics service contract extended three years

Sodexo has extended its contracts with the Ministry of Defense (MoD) to provide a range of support services to the UK’s Armed Forces in Cyprus and the Falkland Islands for a further three years.
Thursday, June 6th 2019 - 09:56 UTC
Banks making too much money, “more competition is needed” blasts Brazilian economy minister

Brazilian banks are chalking up “excessive” profits, Economy Minister Paulo Guedes said, adding that the country needs an injection of competition to end what he called the cartels that dominate many of its major sectors.
Thursday, June 6th 2019 - 09:55 UTC
Trump administration clamps down on US tourist visits to Cuba: cruise industry in shock

The Trump administration clamped down on US tourist visits to Cuba on Tuesday, aiming to cut the flow of dollars to a country that Washington accuses of helping prop up Venezuelan President Nicolas Maduro.
Thursday, June 6th 2019 - 09:22 UTC
Huawei rejected by the West signs a deal with Russia's telecoms

China's Huawei, considered a security threat in the United States, on Wednesday signed a deal with Russian telecoms company MTS to develop a 5G network in the country over the next year, The agreement was signed on the sidelines of a meeting between Chinese leader Xi Jinping and Russian President Vladimir Putin in Moscow.
Thursday, June 6th 2019 - 09:15 UTC
Western leaders and ageing veterans will mark the 75th anniversary of Normandy Allied landing

Western leaders and ageing veterans will gather on the shores of France on Thursday in a second day of events marking the 75th anniversary of D-Day, the Allied amphibious assault that opened the way for western Europe's liberation from Hitler's forces.
Thursday, June 6th 2019 - 09:02 UTC
WHO: More than 1 million new curable sexually transmitted infections every day

Every day, there are more than 1 million new cases of curable sexually transmitted infections (STIs) among people aged 15-49 years, according to data released by the World Health Organization. This amounts to more than 376 million new cases annually of four infections - chlamydia, gonorrhea, trichomoniasis, and syphilis.
Thursday, June 6th 2019 - 08:41 UTC
Argentine construction industry contracts 7.5% in April and 10.3% in four months

The construction industry in Argentina contracted 7.5% last April, the eighth consecutive month, with an overall drop of 10.3% in the first four months of the year. According to the country's stats office Indec, the Indicator of Construction Activity, during April fell 0.3% from March.
Thursday, June 6th 2019 - 08:37 UTC
Argentina's industrial output down 8.8%; car production falls 35.3% in twelve months

Argentina’s industrial output fell 8.8% in April compared with the same month a year ago, official data showed on Wednesday, marking 12 straight months of production losses as the economy struggles with recession and rapidly-rising consumer prices.