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Montevideo, December 18th 2024 - 20:27 UTC

Stories for November 17th 2022

  • Thursday, November 17th 2022 - 19:17 UTC

    No devaluation needed for now in Argentina

    A devaluation is not necessary for now, because exports of industrial goods grew 20% between January and October

    The Argentine administration of President Alberto Fernández has been reported to have under its sleeve a strong trade surplus for the month of October with which pressure to devalue the local peso will be deflected, at least for now.

  • Thursday, November 17th 2022 - 19:14 UTC

    Important progress ahead under Lula, Argentine Ambassador foresees

    Scioli underlined how he managed to overcome the political differences between Presidents Bolsonaro and Fernández to boost bilateral trade

    Former Vice President and current Argentina's Ambassador to Brazil Daniel Scioli said this week that once President-elect Luiz Inácio Lula Da Silva takes office on Jan. 1 there will be “very important advances” in bilateral relations.

  • Thursday, November 17th 2022 - 19:09 UTC

    Unemployment drops in Brazil

    Unemployment went down in six Brazilian states and remained stable in the rest, IBGE's report showed

    According to the Quarterly Continuous National Household Sample Survey (PNAD) released Thursday by Brazil's Institute of Geography and Statistics (IBGE), the unemployment rate in the third quarter of this year went down from 9.3% to 8.7% overall from the previous quarter, thanks to drops in six states: Paraná (-0.8 %), Minas Gerais (-0.9 %), Maranhão (-1.1%), Acre (-1.8%), Ceará (-1.8%) and Rondônia (-1.9%).

  • Thursday, November 17th 2022 - 18:51 UTC

    Shares of Uruguayan unicorn plummet after rumors of fraud

    Uruguay's first-ever unicorn pledged to rebut the allegations in due course

    Shares of the first and only Uruguayan unicorn dLocal, a company that debuted on Wall Street in June 2021 fell up to 43% this from $21 to $10 a piece Wednesday after rumors of fraud went public.

  • Thursday, November 17th 2022 - 10:45 UTC

    New discoveries in Antarctica shed light on climate change's impact

    The finding means better predictions could be made on how the continent’s ice sheets may behave if global warming continues unchecked

    Researchers from Imperial College London have described a recent discovery in Antarctica as a clear sign of the loss of ice as a consequence of climate change. In their expert opinion, the newly-found 460-kilometer-long (285 miles) river under the Antarctic ice has accelerated the loss of ice mass.

  • Thursday, November 17th 2022 - 10:34 UTC

    Chile pressured to take sides in USA-China feud

    “I hope to bring good news to our country, both in terms of investment, reactivation of the economy, as well as cultural exchange and strengthening of democracy,” Boric said.

    Chile's President Gabriel Boric Font said Thursday in Bangkok, Thailand, that his administration had been pressured “to say which side we are on” in the escalating tension between China and the United States which is focused mainly on the issue of Taiwan.

  • Thursday, November 17th 2022 - 10:29 UTC

    Brazil's largest port privatization clears the decisive Audits Court

    The Port of Santos, is the 45th in the world regarding containers, handling 27% of all Brazilian foreign trade.

    The privatization of Brazil's largest and busiest sea terminal, the Port of Santos clears another barrier. In effect the final report released by the Brazilian federal court of audits TCU did not express major reservations over the privatization process.

  • Thursday, November 17th 2022 - 10:20 UTC

    China/Canada incident in Bali: Xi “reprimands” PM Justin Trudeau

    The video capturing the encounter shows Xi and Trudeau in close proximity in what appears to be the G20 venue.

    An ill tempered Chinese President Xi Jinping reprimanded on Wednesday Canadian Prime Minister Justin Trudeau allegedly over media leaks of the two leaders' meeting, during an encounter on the sidelines of the G20 summit in Indonesia.

  • Thursday, November 17th 2022 - 10:18 UTC

    Lula wants to host COP30, announces Ministry of Indigenous People

    “Brazil is back. It cannot be isolated as it was in the last four years. Brazil is too big,” Lula insisted

    Brazil's President-elect Luiz Inácio Lula da Silva announced during his appearance at the Egyptian resort of Sharm El-Sheikh, that he will create a ministry of native peoples so that indigenous people “are not treated as bandits.”

  • Thursday, November 17th 2022 - 10:16 UTC

    Argentine President felt “scared” due to his health problem

    “I had a stomach problem that I have had for many years, but it had never manifested itself in this way,” Fernández explained

    Before boarding his flight back to Buenos Aires via Madrid, Argentine President Alberto Fernández discussed the health issue that prevented him from appearing before the G20 Summit in Bali, Indonesia, and from which he managed to recover in time for a private meeting with Chinese leader Xi Jinping.

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