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Montevideo, November 21st 2024 - 16:52 UTC

Stories for November 2024

  • Friday, November 1st 2024 - 21:14 UTC

    Argentina's Central Bank lowers basic interest rate

    The benchmark interest rate was standing at 133% when Milei took office

    Given the significant fall in Argentina's inflation rate, the Central Bank (BCRA) announced Friday that it was lowering the basic interest rate from 40% to 35% in a move to “boost private credit.”

  • Friday, November 1st 2024 - 17:10 UTC

    Lacalle Pou hints at possible return in 2029, talks about regional relations

    The president suggested he would remain engaged in politics, saying, “I will be surrounded by people and politics, because that makes me feel a better person.”

    Uruguayan President Luis Lacalle Pou, months from completing his term, hinted at a possible return in the 2029 presidential election but left the door open.

  • Friday, November 1st 2024 - 10:55 UTC

    Wages in Uruguay grow 6.95% year-on-year, although real wages fall in September

    Inflation deducted, salaries posted a 0.31% setback

    According to a report from Uruguay National Statistics Institute (INE) released Thursday in Montevideo, wages grew 6.95% in the last twelve months. The Average Wage Index (AWI) had a monthly variation of 0.07% in September for a 6.13% accumulated so far in 2024. In terms of categories, the private sector grew the most, with 7.20%, while the public sector showed an increase of 6.50%.

  • Friday, November 1st 2024 - 10:42 UTC

    Bukele's El Salvador to send troops to Haiti

    Bukele has already claimed he can fix the Haitian gang crisis as he did in his country

    El Salvador's Congress gave its nod this week to the sending of troops to help violence-torn Haiti where crime gangs reign supreme. At first, El Salvador's assistance will be focused on medevac operations in coordination with the United Nations (UN) blue helmets deployed in the Caribbean country. The Parliamentarian decision thus ratified with 57 votes out of 60 the so-called ”Agreement on the Condition of the Multinational Security Support Mission (MMAS) in Haiti” signed by the diplomatic missions of El Salvador and Haiti to the Organization of American States (OAS).

  • Friday, November 1st 2024 - 10:23 UTC

    Brazil: Unemployment down in 3Q

    Only in December 2013 was unemployment lower since these measurements started in 2012

    According to a report from Brazil’s Institute of Geography and Statistics (IBGE) released Thursday, unemployment in South America's largest country fell to 6.4 % in the third quarter of 2024 (from July to September), Agencia Brasil reported. These figures are 0.5 percentage points lower than between April and June, when it stood at 6.9%. Compared to July–September 2023, the drop is 1.3 percentage points. In that quarter, the rate was 7.7%.

  • Friday, November 1st 2024 - 10:14 UTC

    PAHO warns of surge in measles cases

    The continental agency suggested governments up their vaccination strategies

    Given the recent identification of measles clusters and cases in the Americas, the Pan American Health Organization (PAHO) issued an epidemiological alert on Thursday. Therefore, the World Health Organization's (WHO) continental subsidiary urged local governments to up their vaccination campaigns.

  • Friday, November 1st 2024 - 07:48 UTC

    Oldest tadpole in the world discovered in Argentine Patagonia

    The researchers were looking for dinosaurs when the discovery was made by chance

    Argentine researchers found by chance what resulted to be the oldest tadpole fossil in the world. According to an article published this week, the fossil was found in the province of Santa Cruz and is believed to have lived in the Middle Jurassic period between 161 and 168 million years ago. This unique specimen is said to shed light on the evolution of frogs and toads. It was found in January 2020, while searching for dinosaur remains.

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