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Montevideo, April 24th 2024 - 16:36 UTC

Stories for March 17th 2023

  • Friday, March 17th 2023 - 17:57 UTC

    International Criminal Court seeks Putin's arrest for war crimes in Ukraine

    The warrant for Putin's arrest is “just the beginning” of seeking justice, said the head of the Ukrainian presidential administration, Andrii Yermak

    The International Criminal Court (ICC), based in The Hague, Netherlands, issued an arrest warrant against Russian President Vladimir Putin for the deportation of children in areas of Ukraine occupied by Russia, which he denounced as a “senseless decision.”

  • Friday, March 17th 2023 - 10:18 UTC

    Lula and Abdo discuss Itaipú, Unasur, and UE deal

    Brazilian President Luiz Inácio Lula Da Silva Thursday told his Paraguayan colleague Mario Abdo Benítez about his intentions to reorganize Unasur and reinforce Mercosur's unity. Lula and Abdo met at the Itaipu hydroelectric power plant in Foz do Iguazú.

  • Friday, March 17th 2023 - 10:15 UTC

    Tense relationship between Ecuador and Argentina due to former minister's escape to Venezuela

    The Argentine government denied on Thursday having facilitated the escape to Venezuela of Duarte from her refuge in the Argentine embassy in Quito

    Ecuador expects to overcome the diplomatic crisis with Argentina soon after both nations withdrew their ambassadors amid questioning from Quito regarding the escape of a former minister convicted of corruption who was taking refuge in Argentina's diplomatic residence in Ecuador.

  • Friday, March 17th 2023 - 09:25 UTC

    Falklands Education Director discusses history school curriculum with Uruguayan media

    Stannard explained that building schools was one of the first things after the 1982 war.

    Sarah Stannard, Director of Education of the Falkland Islands, told Paula Ojeda of Montevideo's El Observador how the 1982 War is taught to schoolchildren in the South Atlantic British overseas territories where fighting took place. The story was published this week.

  • Friday, March 17th 2023 - 08:48 UTC

    BCRA adjusts benchmark interest rate: 78% annually

    It was the first monetary policy rate increase in 2023 and also since September last year

    Argentina's Central Bank (BCRA) Thursday decided to raise the benchmark interest rate by 300 basis points to 78% annually, it was announced in Buenos Aires the day after the INDEC said the Consumer Price Index for the month of February ad grew 6.6% for a year-on-year inflation of 102.5 %, the highest in the last 32 years.

  • Friday, March 17th 2023 - 08:02 UTC

    De Moraes releases another 129 Jan. 8 suspects

    Most suspects have been charged with lesser offenses but some of them are to be tried for attempted coup d'état

    Brazil's Supreme Federal Court (STF) Justice Alexandre De Moraes has Thursday ordered the release of another 129 people who were in custody for allegedly participating in the Jan. 8 riots in Brasilia. With this new ruling, 294 remain in prison (86 women and 208 men), while over 1,100 have been released, although they will remain under surveillance.

  • Friday, March 17th 2023 - 07:53 UTC

    “Euro area banking sector is resilient, with strong capital and liquidity positions”, ECB President Lagarde

     Luis de Guindos  and Christine Lagarde during he Thursday conference in Frankfort

    Anticipating the Euro area banking sector is resilient, with strong capital and liquidity positions, and that inflation is projected to remain too high for too long, the European Central Bank announced on Thursday that the ECB Governing Council decided to increase the three key ECB interest rates by 50 basis points, in line with its determination to ensure the timely return of inflation to the 2% medium-term target.

  • Friday, March 17th 2023 - 07:37 UTC

    Argentina, SAAB sign military radar technology deal

    “We are very pleased with the relationship we have been carrying on with SAAB,” said Taiana

    Argentina's Defense Minister Jorge Taiana Wednesday signed the so-called “Productive Cooperation Agreement” deal with Swedish developers SAAB Dynamics. The agreement provides for SAAB's support to the Argentine company INVAP for the integration of radars to the RBS-70 system, as well as for the technological transfer to the Armed Forces.

  • Friday, March 17th 2023 - 07:27 UTC

    Chilean secret police officer convicted for 1973 crime

    The convicted Carter Cuadra is a son-in-law of the infamous Gen. Manuel Contreras

    A Chilean Court Thursday sentenced former Army Brigadier General Orlando Carter Cuadra to 10 years and one day in prison for Dec. 14, 1973, murders of Bautista Van Schouwen Vasey and Patricio Munita Castillo (22) in Santiago. The deceased belonged to the Revolutionary Left Movement (MIR) political party.

  • Friday, March 17th 2023 - 00:44 UTC

    With the collapse of Credit Suisse, oil prices continue to slide, 10% in a week

    Saudi National Bank already has a 10% stake in Credit Suisse, which precludes them from taking on any more. 

    Oil prices continued their slide on Wednesday after another banking fallout unsteadied the market further. WTI plunged 4.21% on Wednesday, falling below US$ 70 for the first time since December 2021 to US$ 68.33 per barrel ET. Brent Crude fell over 3.94% to US$ 74.40, for a loss of US$ 3.05 per barrel.

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