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Montevideo, January 8th 2025 - 00:27 UTC

Stories for December 2024

  • Thursday, December 5th 2024 - 06:05 UTC

    Shipping sectors benefit from the Red Sea blockade, boosting demand for ships and higher fares

    Data from Clarksons Research, seaborne trade remains on track to record a 6.5% growth in ton-miles this year, the fastest rate of expansion for 14 years

    But the Red Sea shipping scenario with the Houthis attacks, and to a smaller extent, the drought in Panama – have had as can be expected in such situations, some sectors that can benefit. That is why most shipping sectors have experienced the strongest growth in ton-miles registered this year since 2010, helping prop up rates to highly profitable levels

  • Thursday, December 5th 2024 - 02:57 UTC

    Explore Forex trading opportunities in the LatAm markets

    Photo: Freepik

    Latin American (LatAm) countries rely primarily on their agriculture and mining sectors, using the vast arable lands and mineral-rich resources to develop their economies. The region has a population of over 665 million and a GDP of $6 trillion. This growing market is ripe for technological development that investors can benefit from.

  • Thursday, December 5th 2024 - 01:41 UTC

    Innovations in digital payments: Trends for the upcoming 2025

    Photo: Unsplash

    Digital payments have evolved rapidly over the last decade, reshaping how we transact, save, and invest. As we approach 2025, new innovations promise to further enhance the digital payments experience.

  • Wednesday, December 4th 2024 - 21:30 UTC

    Brazil: IBGE says growth in 3Q reached 0.9%

    The IBGE also reported that the GDP growth for 2023, previously published as 2.9%, has been revised upward to 3.2%

    Brazil's economy grew 0.9% in the third quarter of 2024, according to data released this week, Agencia Brazil reported Wednesday citing figures from Brazil's Institute of Geography and Statistics (IBGE), which represented a 4% yoy increase in the country's Gross Domestic Product (GDP)—the total of all goods and services produced nationwide.

  • Wednesday, December 4th 2024 - 18:06 UTC

    Chile: Boric announces first child due in June

    Boric has been dating professional basketballer Paula Carrasco at least since September

    Chilean President Gabriel Boric Font announced through his Instagram account that he will become a father for the first time after conceiving a child with professional basketballer Paula Carrasco. He added to the posting an image of an ultrasound. “We will give the best of us so that the Chile we live in will be fairer and happier. We love you,” the head of state also wrote in a message to his child, due in June next year.

  • Wednesday, December 4th 2024 - 10:46 UTC

    Reform leader Farage questioning the Chagos Islands deal; allegedly Trump advisors are against it

    Leader of Reform UK, Nigel Farage, told the Commons that senior officials in the new Trump administration were firmly against the Chagos deal (Pic UK Parliament)

    The UK's deal to return the Chagos Islands to Mauritius is “strongly supported” by the United States, according to the Government. In October, it was confirmed the islands would once again come under Mauritian control, although Diego Garcia would remain a military base for the US and UK, with Britain maintaining a 99-year lease over it.

  • Wednesday, December 4th 2024 - 10:00 UTC

    Former Bolivian president Sánchez de Lozada sentenced to 6 years in jail

    Sánchez de Losada, 94, has lived in the United States since fleeing Bolivia amid social unrest resulting in some 60 deaths

    Bolivia's Supreme Court of Justice (TSJ) Tuesday sentenced former President Gonzalo Sánchez de Lozada (1993-1997 and 2002-2003) to 6 years in jail for signing numerous oil contracts without parliamentary approval. The 94-year-old former head of State resides in the United States and it remains to be seen whether he can be extradited.

  • Wednesday, December 4th 2024 - 09:54 UTC

    Uruguayans do their shopping in Brazil to capitalize on surging US dollar

    Things are usually less expensive on the Brazilian side but the gap has gone wider after recent devaluations of the real

    Uruguayan retailers in cities bordering Brazil have expressed concern after residents increased their tendency to shop abroad in the face of the recent rise in the US dollar. Meanwhile, duty-free shops are looking for strategies to cushion the drop in sales to the Brazilian public, amid fears of a surge in smuggling.

  • Wednesday, December 4th 2024 - 08:49 UTC

    Argentina to charge non-resident aliens for medical care and college education

    “This is a country for those who come to build, not to destroy,” Adorni noted

    Argentina's Libertarian Government plans to reform the country's migration laws, including charging non-resident foreigners for medical attention and college tuition, among other initiatives, Presidential Spokesman Manuel Adorni announced Tuesday.

  • Wednesday, December 4th 2024 - 07:06 UTC

    Paraguay: Anti-corruption bill signed into law

    “Today we take a step that will make a difference in our path towards a more integral and just Paraguay,” said Peña

    Paraguayan President Santiago Peña Tuesday signed into law the so-called “National Regime of Integrity, Transparency and Prevention of Corruption of the Republic of Paraguay” during a ceremony in Asunción attended by dignitaries of the other two branches of Government.