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Montevideo, June 24th 2024 - 19:26 UTC

Stories for July 25th 2023

  • Tuesday, July 25th 2023 - 11:48 UTC

    Argentina: “Blue” dollar rises yet again

    Massa wants to avoid an abrupt devaluation ahead of the elections

    The “blue” (a euphemism for “black market”) exchange rate between the Argentine peso and the US dollar rose over AR$ 20 -trading at AR$ 550/US$1- for an accumulated increase of AR$37 in the last 11 days after the latest announcements from the Economy Ministry, it was reported in Buenos Aires.

  • Tuesday, July 25th 2023 - 11:40 UTC

    Lula expects the Central Bank to lower the benchmark interest rate next week

    Lula has long called on the bank to cut the key Selic rate from its current six-year high of 13.75%, a level the government views as hindering economic growth

    Brazil's President Luiz Inácio Lula da Silva and his economic team in their ongoing battle with the independent Central Bank, have anticipated they expect a cut in the benchmark interest rate, of at least 25 points, pressuring bank policymakers to lower borrowing costs given a dramatic fall in inflation.

  • Tuesday, July 25th 2023 - 11:35 UTC

    Interpol disrupts criminal network that smuggled 5,000 Cubans to EU

    The complex criminal infrastructure was set up in many cities across Spain, Greece and in Serbia, flexible and able to adapt to changing circumstances

    Law enforcement from several European countries have disrupted an intercontinental criminal network smuggling migrants from fantasy island Cuba to the European Union. The investigation, coordinated by Europol and INTERPOL, led to the arrest of 62 persons, 25 of which were Cuban nationals and officials.

  • Tuesday, July 25th 2023 - 11:32 UTC

    Latin-Americas' largest utilities company plans to invest US$ 17bn. in clean energy

    Brazil boasts 84% of its power generation coming from renewable sources, as the country is the second-largest hydropower producer after the United States

    Electrobras, Brazil's main electricity complex has plans to invest some US$ 17 billion in the next five years through mergers and acquisitions. The company said that investments in electricity generation would come in at around US$3.6 billion over the period as it moves to comply with its goal of a clean energy complex.

  • Tuesday, July 25th 2023 - 11:30 UTC

    Falkland Islands, hockey's most remote community, Hockey News

    Marvis Chipunza. Photo: Falkland Islands Hockey Association

    By Ian Kennedy (*) – Located off the tip of South America near Antarctica, the Falkland Islands are a remote but growing hockey community. The Falkland Islands Hockey Association features 22 teams, both men’s and women’s, despite the Islands having a population under 4000.

  • Tuesday, July 25th 2023 - 11:28 UTC

    Falklands congratulates Executive Head Teacher Karen Steen on MBE honor

    Executive Head Teacher, Karen Steen said “I am fortunate to have been supported through my own education and career by the Falkland Islands’ generous investment in education and training.”

    The Falkland Islands Government wishes to congratulate Executive Head Teacher, Karen Steen, on being awarded an MBE in His Majesty the King’s Birthday Honors list. Karen now becomes a Member of the Order of the British Empire for her service to the Falkland Islands community.

  • Tuesday, July 25th 2023 - 11:25 UTC

    Brazil: Marielle Franco's murder closer to being solved

    Dino insisted Monday that the “participation of other people” in the crime was “indisputable.”

    The 2018 murder of Carioca activist and councilwoman Marielle Franco is closer to being solved, Security Minister Flávio Dino said Monday after one of the two suspects reached a plea agreement and confessed. “New evidence” confirmed the involvement of the two people arrested for the case, ex-cops Ronnie Lessa and Elcio de Queiroz, said Dino, at a press conference in Brasília.

  • Tuesday, July 25th 2023 - 11:20 UTC

    Uruguayan tourists take their dollars across the border to Argentina

    Monzeglio spoke of the downside of Uruguay's economic stability: People can travel anywhere they want

    Argentina's economic volatility has become a magnet for Uruguayan travelers during the winter recess, causing significant losses to local businesses, it was reported in Montevideo.

  • Tuesday, July 25th 2023 - 11:19 UTC

    State of emergency and curfew decreed in Ecuador

    President Lasso made the announcement

    Ecuadorian authorities Monday declared a new state of emergency and curfew in two provinces and one city following an escalation in acts of violence, including the murder of the mayor of Manta, the country's third-largest city.

  • Tuesday, July 25th 2023 - 11:00 UTC

    Federal Reserve anticipates a 0.25% interest rate increase this week

    A 0.25% rate hike would mark the Fed's 11th rate hike in nearly a year and a half and take its benchmark interest rate, to a range of 5.25%-5.50%, a 22-year high.

    Despite calls to the contrary the Federal Reserve is expected to raise interest rates by another 0.25% this week with Fed Chair Jay Powell expected to leave the door open to additional rate hikes later this year.

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