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Montevideo, December 21st 2024 - 18:40 UTC

Stories for December 13th 2023

  • Wednesday, December 13th 2023 - 10:59 UTC

    Argentina: Devaluation and austerity measures announced

    “There is no money to pay for works that often end up in the pockets of politicians and businessmen,” Caputo argued

    Argentina's Economy Minister Luis Toto Caputo Tuesday admitted people would be worse off for a couple of months while announcing in a recorded message the new measures adopted by the administration of President Javier Milei to bounce back from the deep crisis.

  • Wednesday, December 13th 2023 - 10:58 UTC

    Thumbs up from the IMF to Argentina's policy changes

    Georgieva said Toto Caputo's measures were “an important step toward restoring stability and rebuilding the country's economic potential”

    After Argentina's Economy Minister Luis Toto Caputo announced Tuesday in Buenos Aires a series of measures to tackle inflation, the Communications Director of the International Monetary Fund (IMF) Julie Kozack said in a statement that “these strong initial actions aim to significantly improve public finances in a way that protects the most vulnerable in society and to strengthen the exchange rate regime.”

  • Wednesday, December 13th 2023 - 10:56 UTC

    Spotify not leaving Uruguay after all

    The new decree clarified some legal loopholes, Delgado explained

    Uruguayan President Luis Lacalle Pou Tuesday signed a regulatory decree regarding current regulations, which allows the music-streaming platform Spotify not to leave the country in February as previously announced.

  • Wednesday, December 13th 2023 - 10:41 UTC

    Paraguay's growth projected at 3.8% for 2024

    “Conditions have improved in 2023 and the outlook for 2024 is favorable,” Carvallo stressed

    Paraguay's economy is expected to grow 3.8% in 2024, according to a report from the South American country's Central Bank (BCP) released Tuesday in Asunción. The document also pointed out it would be the highest economic growth in the region next year.

  • Wednesday, December 13th 2023 - 10:37 UTC

    Stricter measures against fossil fuels called for at COP28

    Silva was touched by the confirmation of her native Amazon region to host COP30 in 2025

    The Brazilian delegation attending the United Nations Climate Change Conference (COP28) in Dubai this week called for stronger measures against the proliferation of fossil fuels, Agencia Brasil reported.

  • Wednesday, December 13th 2023 - 10:30 UTC

    PM Sunak convinces Parliament to approve his “Safety of Rwanda” bill

    “The British people should decide who gets to come to this country, not criminal gangs or foreign courts,” Sunak said after the controversial bill passed.

    British PM Rishi Sunak and his 'stop the boats' policy managed a crucial vote when Parliament passed 313 to 269 on Tuesday the Safety of Rwanda bill, which intends to send asylum seekers and migrants to the African country.

  • Wednesday, December 13th 2023 - 10:28 UTC

    Milei becomes first Argentine President to attend Hanukkah ceremony

    Hanukkah “marks the triumph of the few over the many,” Milei explained as he lit a candle

    While Economy Minister Luis Toto Caputo's message describing the government's next measures was aired, President Javier Milei appeared at the República Oriental del Uruguay Square in Buenos Aires for the celebration of the Jewish Hanukkah festivity.

  • Wednesday, December 13th 2023 - 10:26 UTC

    Panama Canal drought hitting world trade

    Things may get worse by February if water levels remain low

    Global trade through the Panama Canal is being severely disrupted by a drought affecting the man-made corridor, which could force shippers to choose other, more costly routes, it was reported. The historic waterway in Central America connecting the Pacific and Atlantic Oceans handles about 5% of international seaborne trade.

  • Wednesday, December 13th 2023 - 10:09 UTC

    UN, US and Mercosur call on Guatemala to respect election results and denounce “an attempted coup”

    UN chief Guterres pointed out that the top Elections Tribunal of the country had certified Mr. Arevalo’s landslide victory at the polls in late August

    The UN Secretary-General Antonio Guterres, Mercosur member countries, the European Union and the US have called on Guatemala authorities to impede the Central American country's Attorney General's office to annul the general election result preventing President-elect Bernardo Arevalo from taking office in January.

  • Wednesday, December 13th 2023 - 10:06 UTC

    New attempt to thwart trading of grains and oilseeds grown in South America's cleared forest land

    The move could bolster conservation for Brazil’s Cerrado, the world’s most bio-diverse savanna, most of which taken for commercial agriculture

    Mercosur and the European Union failed to sign the much-expected and long-awaited free trade and cooperation agreement during the South American block summit in Rio do Janeiro, mainly because of discrepancies over forestry and agricultural land. Brazilian President Lula da Silva said he was committed to signing the agreement with the EU, and will “not give up” until achieved but further hurdles could be in the way.

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