Stories for November 2022

Thursday, November 17th 2022 - 10:34 UTC
Chile pressured to take sides in USA-China feud

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 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

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'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

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.
Thursday, November 17th 2022 - 10:09 UTC
High demand makes Iberia increase Madrid-Montevideo frequency sooner than planned

Spanish airline Iberia announced this week that it will be increasing its services from Madrid to Montevideo effective Jan. 1, 2023, due to the high ticket demand that had led company directors to speed up a plan that was originally scheduled for June.
Thursday, November 17th 2022 - 10:00 UTC
UK's double shock, highest inflation in 41 years and a draconian Autumn budget

Chancellor of the Exchequer Jeremy Hunt will unveil this Thursday before Parliament his long-awaited Autumn budget statement, having anticipated to the UK population that “we will be asking everyone for sacrifices.”
Thursday, November 17th 2022 - 10:00 UTC
Considerable container freight rate decline from Asia to Eastern South America

The latest S&P Global Monday release on Platts Americas Container Freight shows that non-Asian export cargo bound for the East Coast of South America saw the greatest freight rate decline, dropping 51.9%, or US$ 2,700, throughout the week, to settle at US$ 2,500/FEU.
Thursday, November 17th 2022 - 09:58 UTC
Moody's: Argentina remains high-risk for 2023

The credit-risk rating agency Moody's insisted this week that Argentina's main concern for the foreseeable future was its domestic debt in local pesos while the country keeps swerving through its financial mercuriality in an electoral year.
Thursday, November 17th 2022 - 09:50 UTC
Five more Type 26 frigates for the Royal Navy: HMS Glasgow to be delivered in mid 2020s

Five more Type 26 frigates will be built for the Royal Navy, the Prime Minister has announced. Defense manufacturer BAE Systems has been awarded a £4.2 billion contract to build the five warships, on top of the three already under construction.