Stories for August 2025

Wednesday, August 20th 2025 - 08:10 UTC
Trump in the Falklands

By Barry Eichengreen (*) - US President Donald Trump’s trade war resembles nothing so much as UK Prime Minister Margaret Thatcher’s Falklands War in 1982: one side deploys massive force, and the other withdraws with its tail between its legs.
Wednesday, August 20th 2025 - 00:35 UTC
Argentina Delays Federal Gambling Protections Bill, Raising Industry Concerns

Argentina’s long-discussed federal gambling protections bill has been delayed yet again. On August 7, 2025, the Senate confirmed it would postpone debate on the legislation, citing unresolved texts and a lack of progress in multiple committees.
Tuesday, August 19th 2025 - 20:27 UTC
US$600 million treasure discovered in Colombian farm

A farmer in the Colombian region of Antioquía region of Colombia has unearthed an astonishing US$600 million in cash. The money was found buried in rusty metal drums while the rural worker, who remains anonymous for security reasons, was doing some digging to expand his crop area.
Tuesday, August 19th 2025 - 20:17 UTC
Falkland Islands to host first-ever international shearing tri-nations test match

The Falkland Islands will host their first international shearing and wool handling test match on 14 November 2025, featuring teams from Wales, Chile, and the Falkland Islands. The landmark event, organized by Falkland Shears in partnership with the Falkland Islands Development Corporation (FIDC), will take place at the Falkland Islands Defence Force hall in Stanley.
Tuesday, August 19th 2025 - 19:48 UTC
Uruguay and Ecuador sign cooperation agreements

Presidents of Ecuador and Yamandú Orsi of Uruguay on Tuesday signed two bilateral agreements in Montevideo, increasing cooperation and intelligence sharing. The understanding involves the two countries' Ministries of Interior and Defense.
Tuesday, August 19th 2025 - 11:42 UTC
YPF legal saga: Irish court rules in favor of Argentina

An Irish court has ruled in favor of Argentina, rejecting a request by plaintiffs to enforce a US$16 billion New York judgment in that country. The plaintiffs in the YPF expropriation lawsuit sought to recognize and enforce New York Judge Loretta Preska's ruling in various foreign jurisdictions, namely England, France, Luxembourg, Australia, Canada, and Cyprus. However, the Irish court's decision was the first to deny this request.
Tuesday, August 19th 2025 - 11:18 UTC
Uruguay announces economic measures to boost growth

Uruguay's Ministry of Economy and Finance (MEF) has announced a new set of measures to “prioritize” and “streamline” investment to boost growth by making things easier for both national and foreign investors. “There is a political idea of what we want to do,” Minister Gabriel Oddone explained.
Tuesday, August 19th 2025 - 10:59 UTC
US deploys destroyers off Venezuela in operation against narco-terror groups

The United States will deploy three Arleigh Burke-class destroyers off the coast of Venezuela within the next 36 hours as part of an operation targeting criminal organizations classified as narco-terrorist groups. According to Reuters, the vessels are the USS Gravely, USS Jason Dunham, and USS Sampson, all equipped with the Aegis defense system for air, submarine, and surface warfare.
Tuesday, August 19th 2025 - 10:54 UTC
Brazil: Meta ordered to remove controversial content from platforms

Brazil's Attorney General's Office (FGR) has formally requested that Meta - owner of social media platforms WhatsApp, Instagram, and Facebook - immediately remove chatbots that use childlike language and appearances to engage in sexual conversations. These chatbots, created using the “Meta AI Studio” tool, are considered a “concrete risk to the psychological integrity of children and adolescents.”
Tuesday, August 19th 2025 - 10:00 UTC
Tsunami ruled out in Chile after earthquake

A 5.7-magnitude earthquake was reported early Tuesday in the Drake Sea, with its epicenter located 249 kilometers south of Puerto Williams, in the Magallanes and Chilean Antarctic Region. Following the seismic event, the Chilean Navy's Hydrographic and Oceanographic Service of the Navy (SHOA) ruled out any possibility of a tsunami affecting the Chilean coast.