Economy

Saturday, July 20th 2019 - 18:05 UTC
Buzz Aldrin, second human to walk on the moon, tells Trump he is disappointed with current lunar agenda

When President Donald Trump asked Buzz Aldrin, the second human ever to walk on the moon, what he thought about the United States' current ability to operate in space 50 years after the Apollo 11 mission, the ex-astronaut had a ready response.
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Saturday, July 20th 2019 - 09:50 UTC
Strong contraction of Uruguay's economy: GDP forecasted to grow 0.6% this year

Uruguay's Economy minister admitted on Friday that the country will end 2019 with a “very modest growth”, in the range of 0.6%, but was confident the economy would pick up in 2020 when the construction of a new pulp mill, with an investment of at least two billion dollars, is scheduled to start.
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Saturday, July 20th 2019 - 08:11 UTC
UK Full-blown recession in a no deal exit from the EU?

Britain might be entering a full-blown recession that a no-deal exit from the European Union would compound, blowing a 30 billion-pound hole in the public finances, a budget watchdog said. The Office for Budget Responsibility said the economy probably flat-lined or might have contracted in the second quarter.
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Friday, July 19th 2019 - 09:57 UTC
Falklands' government and fishing industry reject MLA Spink's 'breezy' Brexit

The impact of Brexit on the Falkland Islands' fishing industry could be “significant” according to the fishing industry, contradicting lawmaker MLA Roger Spink’s view in last week's Penguin News that there were measures that could be undertaken to mitigate the impact of potential tariffs.
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Friday, July 19th 2019 - 09:55 UTC
Loans from Russia and China to Venezuela will be renegotiated through the Paris Club, says Guaidó

Loans to Venezuela from President Nicolas Maduro's allies Russia and China would be renegotiated through the Paris Club if Maduro leaves power, an advisor to the opposition said, responding to concerns about favorable treatment for the two countries.
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Friday, July 19th 2019 - 09:47 UTC
Chile reduces copper price projection for 2019 as China's demand slows down

Chile, the world's largest producer of copper, reduced on Thursday its price projection for the precious metal for 2019 from US$3.05 to US$2.89 per pound due to a drop in demand from the planet's largest consumer, China.
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Friday, July 19th 2019 - 09:42 UTC
African swine fever: Pork prices in China soaring and the worst is yet to come

Pork prices have been sent soaring and herds devastated as African swine fever tears through China's massive pig-farming industry, forcing the country to ramp up imports to satisfy demand - but analysts warn worse is yet to come.
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Friday, July 19th 2019 - 09:36 UTC
Incoming EC head open to grant UK more time: “we don't want a hard Brexit”

The future head of the European Commission said she would be minded to grant Britain an extension to talks on its exit from the EU if London gave good grounds, adding that an orderly departure was important to launch future ties on a good footing.
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Thursday, July 18th 2019 - 12:14 UTC
Montevideo gas workers lift strike after government's announcements

As the Uruguayan state has vowed to take over the administration of departing Montevideo cooking gas suppliers Montevideo Gas and Conecta and jobs have been secured, the UOEGAS workers' union has agreed to end the strike, starting this Friday.
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Thursday, July 18th 2019 - 10:22 UTC
Textile giant Alpargatas quits Argentina

Although founded in Argentina, textile giant Alpargatas, now owned by Brazilian investors, has announced it will leave its country of origin due to financial difficulties.
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