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Montevideo, July 13th 2024 - 15:15 UTC

Stories for 2024

  • Friday, June 21st 2024 - 10:00 UTC

    Paraguay's Central Bank keeps benchmark interest rate unchanged at 6%

    Cuts might be in order in the second semester of 2024, the BCP explained

    The Monetary Policy Committee (MPC) of Paraguay's Central Bank (BCP) unanimously decided Thursday to keep the benchmark interest rate at 6% for the fourth month in a row and found that cuts might be in order during the second semester of 2024 given the favorable economic indexes recorded recently.

  • Friday, June 21st 2024 - 09:06 UTC

    Safeguarding Oceans - theme for Albatross Day

    By Veronica Iriarte - On Wednesday we celebraed our fifth World Albatross Day! The Agreement on the Conservation of Albatrosses and Petrels (ACAP) announced “Marine Protected Areas – Safeguarding our Oceans” as the theme for this year’s World Albatross Day.

  • Thursday, June 20th 2024 - 22:04 UTC

    Two die as Chilean trains clash head-on

    The accident was recorded at 0.15 am Thursday

    Two people died and at least nine others were injured Thursday after a head-on collision between two trains in Santiago, Chile. The units involved were a freight convoy of the company Fepasa and a passengerless test formation belonging to the Empresa de Ferrocarriles del Estado (EFE). “We regret to report the death of two workers on the freight train,” the state-owned company said in a statement.

  • Thursday, June 20th 2024 - 20:19 UTC

    Milei now hopes May Pact will be signed on July 9

    After his speech in Rosario, the South American leader will embark on yet another European tour

    Argentine President Javier Milei Thursday relaunched his so-called May Pact initiative during the Flag Day celebrations in Rosario. The agreement between the federal government and the provincial Executives was to have been signed on the May 25 National Holiday; hence its name.

  • Thursday, June 20th 2024 - 19:17 UTC

    Montevideo remains the most expensive city in the region

    The Uruguayan capital ranked 42nd in the world according to Mercer's list released this week

    Montevideo remained South America's most expensive place to live according to the Mercer Ranking released this week, closely followed by Buenos Aires, a place that has been moving up fast since President Javier Milei's Dec. 10, 2023, inauguration. The list helps multinational employers plan their strategies regarding compensations and other expenses, it was explained. Hong Kong stayed at the top, followed by Singapore, and Sitzerland's Zurich, Geneva, and Basel.

  • Thursday, June 20th 2024 - 18:21 UTC

    Falklands Representative attends services for Liberation Day

    Former Commanding Officer of the FIDF, Major Justin McPhee MBE, Chairman of the South Atlantic Medal Association (SAMA82), Tom Herring and the FIG Representative to the UK & Europe, Richard Hyslop.

    Last week, the Falkland Islands Government Representative to the UK & Europe, Richard Hyslop, visited St Paul’s Cathedral, London, and attended the annual Service of Remembrance and Thanksgiving at the Falkland Islands Memorial Chapel, Pangbourne College in order to mark Liberation Day.

  • Thursday, June 20th 2024 - 15:55 UTC

    Falklands: Consultation to begin on Sea Lion offshore oil development, north of the Islands

    A Floating Production Storage and Offloading vessel (FPSO), so common offshore Brazil's Petrobras operations, would be operational at Sea Lion Filed

    Following an extraordinary sitting of Executive Council on Monday 17 June, the Falkland Islands Government has agreed that there will be a public consultation from Monday 24 June to Monday 5 August 2024, on the Environmental Impact Statement for the Sea Lion Field Northern Development Area, Phase 1 and 2, which has been submitted by Navitas Petroleum Development and Production Limited.

  • Thursday, June 20th 2024 - 15:29 UTC

    “If you have to deny the existence of a people, your argument does not work”, Falklands reply to Mondino

    MLA Teslyn Barkman was pungent in her statement to Minister Mondino

    “If you have to deny the existence of a people to make your argument work, your argument doesn’t work,” has been the public reply of Falkland Islands lawmaker MLA Teslyn Barkman to the piece of Argentina's foreign minister Diana Mondino addressed to Falkland Islanders, during this week's session of the Special Decolonization Committee, or C24, held at the United Nations, New York.

  • Thursday, June 20th 2024 - 15:25 UTC

    Fearing inflation ahead, Brazil's central bank leaves basic rate unchanged at 10,50%

    Brazil's central bank decisions are key since for many regional economies, in the short list of trade partners figures strongly Brazil and the Real currency.

    With budget overspending and prospects of higher inflation in weeks ahead, the Brazilian central bank, independent from the Executive, kept the Selic rate unchanged at 10.50%. This means there are no expectations for a resumption of the rates easing cycle this year.

  • Thursday, June 20th 2024 - 10:55 UTC

    Petrobras CEO says oil will lead Brazil's energy transition

    Chambriard has already been in charge of the company since late May when she replaced Jean-Paul Prates

    Despite being de-facto the new CEO of Brazil's state-run oil company Petrobras for a while, Magda Chambriard took her oath of office Wednesday during a ceremony in Rio de Janeiro, Agencia Brfasil reported. In her speech at the event attended among others by President Luiz Inácio Lula da Silva, Chambriard insisted that oil would lead the way into energy transition progressively reducing carbon emissions and zeroing them by 2050.