Stories for May 2022

Friday, May 6th 2022 - 10:55 UTC
EU Ambassador to Uruguay on trade agreement with Mercosur: “It is something that European citizens are asking their governments for”

The ambassador of the European Union (EU) in Uruguay, Paolo Berizzi, said he was “optimistic” about the agreement between the bloc he represents and Mercosur. After more than 20 years of negotiations, Berizzi said he believes that this year there will be progress for its entry into force.
Friday, May 6th 2022 - 10:46 UTC
WHO releases “more comprehensive” COVID-19 figures

According to the World Health Organization (WHO), the number of deaths caused by COVID-19 is far larger than previously thought and has reached nearly 15 million people directly or indirectly worldwide, twice as many as initially estimated, once the WHO quantified the direct and indirect impacts of the pandemic.
Friday, May 6th 2022 - 10:38 UTC
Argentine gov't supports court ruling granting Bariloche lands to Mapuche group

The Argentine government of President Alberto Fernández supports a court ruling whereby lands in the province of Bariloche are to be handed over to Mapuche groups, Casa Rosada Spokeswoman Gabriela Cerruti announced.
Friday, May 6th 2022 - 09:49 UTC
Despite record profits, Maersk warns of stagflation and Chinese factory closures

Møller-Maersk has warned of growing economic risks including potential stagflation and Chinese factory closures even as the world’s largest container shipping group by profits reported a record quarter.
Friday, May 6th 2022 - 09:45 UTC
Chile's base rate increased 125 points to 8,25%, highest since September 2008

Private estimates fell short in Chile on Thursday when the Central Bank monetary policy desk announced an increase in the base rate of 125 points, to 8,25%, the highest since September 2008 in an effort to contain the strong sustained inflation. According to the bank's chair, Rosanna Costa the monetary policy desk decision was unanimous.
Friday, May 6th 2022 - 09:22 UTC
Cattle methane gas from belching and flatulence measured from space

Scientists have managed to measure the belching and flatulence of cattle from space. This is considered important since the International Agency of Energy and the US Department of Agriculture estimate that methane from cows' burps and farts has a great influence on climate change and global warming.
Friday, May 6th 2022 - 09:20 UTC
Sophisticated software impedes Russian looters from using Ukrainian farm equipment, CNN report

Russian soldiers have reportedly looted some five million dollars worth of agricultural state-of-the-art equipment from Ukraine, but it is not clear whether they have been able to man it, given their sophisticated software system.
Friday, May 6th 2022 - 09:18 UTC
Brazil hikes interest rate to its highest in five years, 12,75%, to fight double digit inflation

As anticipated Brazil's central bank, in a unanimous decision, raised interest rates by 1% to 12,75%, the highest in five years, to contain double digit inflation. However policymakers suggested their tenth straight rate increase would not be the last in what has been one of the world’s most aggressive ongoing rate hike cycles.
Friday, May 6th 2022 - 09:09 UTC
Bank of England combats inflation by increasing base rate interest to 1%

The Bank of England on Thursday increased for the fourth consecutive time the base rate interest to 1% in an attempt to contain inflation and despite admitting the prospect of recession. The energy crunch, the Russian war in Ukraine, and lesser household incomes are expected to contribute to weaker growth.
Friday, May 6th 2022 - 09:00 UTC
Possible bag of surprises for Johnson and Northern Ireland at local and regional elections

People across the United Kingdom headed to the polls on Thursday for local and regional elections in a vote that will indicate the mood of the British public midway through the first full term of Boris Johnson's premiership.