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MercoPress, en Español

Montevideo, November 26th 2024 - 09:00 UTC

Stories for 2024

  • Saturday, May 25th 2024 - 10:57 UTC

    Brazil's growing concern with Argentine recession as exports and a trade surplus turn negative

    According to Brazil's Foreign Trade Association, exports to Argentina have 29,9% in the first four months of the year

    Brazil is deeply concerned with the declining trade export volumes to Argentina, which while last year expanded 8,9% in the first four months of 2024 have fallen 29,9%, and experts wonder if the Mercosur partner finally recovers from its current recession, will it continue on trusting a bilateral relation or appeal to China, US, or Europe.

  • Saturday, May 25th 2024 - 10:52 UTC

    Azul and Gol launch codeshare partnership

    “This type of commercial agreement already exists between other national and international airlines around the world,” Costa Filho explained

    Brazilian carriers Azul and Gol announced an agreement whereby each company could sell seats on codeshare domestic flights solely operated by the other, Agencia Brasil reported Friday. The understanding will become effective next month, it was also explained. Routes on which both companies compete directly are excluded.

  • Saturday, May 25th 2024 - 10:45 UTC

    Brazil and US agree to boost trade and investments to celebrate 200 years of diplomatic relations

    The Brazilian ministry of foreign trade, industry and commerce signed the agreement with the American Chamber of Commerce in Sao Paulo

    Brazil and the United States will mark 200 years of diplomatic relations on Sunday, May 26. On this date in 1824 United States recognized Brazil’s independence, signaling the beginning of extensive political, economic, and cultural ties.

  • Saturday, May 25th 2024 - 10:25 UTC

    Beer and wine in UK pubs and bars short measured, official Standards Institute sample finding

    Chartered Trading Standards Institute (CTSI) found that 70% of the beer and wine it sampled across the UK was being short measured

    UK pubs and bars seem to have found a way to beat inflation. A report published on Friday by the Chartered Trading Standards Institute (CTSI) found that 70% of the beer and wine it sampled across the UK was being short measured. It calculated that this meant an average beer drinker was losing around £88.40 a year, while a wine drinker was losing around £114.40 per year.

  • Saturday, May 25th 2024 - 10:08 UTC

    Uruguayan State requested hefty sum in damages over Montevideo Port deals

    The Washington-based ISCSID belonging to the World Bank Group agreed to handle the case

    Chilean and Canadian partners of the Montecon consortium handling operations in the port of Montevideo have started an arbitration process for “damages and losses” worth up to US$ 600 million against the Uruguayan State before the International Centre for Settlement of Investment Disputes (ICSID) after preventing the company from transferring and storing containers in the facility's docks. Montecon is owned by the Neltume Ports consortium.

  • Saturday, May 25th 2024 - 10:00 UTC

    King and Prince of Wales will attend anniversary of the D-Day Landings

    The King and Queen, accompanied by The Prince of Wales, will attend the UK’s national commemorative event in Portsmouth

    Following on the announcement of U.K. Prime Minister Rishi Sunak who called an early parliamentary election for July 4, Buckingham Palace said that all members of the Royal Family were canceling most public engagements until after the vote to avoid doing anything that might divert attention from the campaign.

  • Friday, May 24th 2024 - 23:33 UTC

    ICJ orders Israel to halt Rafah offensive out of humanitarian concerns

    Tel Aviv is unlikely to comply with the ruling

    The International Court of Justice (ICJ) Friday issued a landmark ruling ordering Israel to stop its military deployment in Rafah, a spot in southern Gaza where thousands are said to have been killed since the beginning of hostilities in October last year. The highest court of the United Nations (UN) also warned that the current situation was “causing irreparable harm” nearing the genocide of the Palestinian people.

  • Friday, May 24th 2024 - 21:21 UTC

    Chile's Central Bank lowers monetary policy interest rates

    The latest measures will take time to impact Chile's economy since mortgages will remain under previous, higher rates

    Chile's Central Bank decided to lower the monetary policy interest rate (TPM) from 6.5 to 6% and forecast additional cutbacks in the coming months. “Inflation has continued to decline, although at a moderate pace due to the high persistence of the services components,” the Central Bank's Board argued in its unanimous rationale given the annual price index 3.5% variation amid a downward trend.

  • Friday, May 24th 2024 - 18:48 UTC

    Are Argentine Cabinet Chief's days numbered?

    Posse is said to be at odds with Milei and also with “The Boss” (the president's sister, who is said to call most shots at Casa Rosada)

    Rumors are mounting in Buenos Aires that Cabinet Chief Nicolás Posse's remaining days in office are numbered and that his exit is already a matter of when and not of if, despite the Libertarian Government of President Javier Milei repeatedly denying the possibility. Posse did not attend Milei's rock star event this week and would not be traveling to Córdoba for Saturday's main May 25 national holiday celebrations.

  • Friday, May 24th 2024 - 10:59 UTC

    ICJ issues ruling acceptable to both Ecuador and Mexico

    “These are precautionary measures, the process is not over,” AMLO argued

    The International Court of Justice (ICJ) in The Hague, The Netherlands, produced a ruling Thursday that was equally welcomed by both parties in the dispute between Ecuador and Mexico over the police raid at the Embassy in Quito to arrest former Vice President Jorge Glas, who had sought asylum to avoid incarceration after being convicted of corruption.