Economy

Monday, May 6th 2013 - 00:34 UTC
Uruguayans on average have to work 128 days a year to pay their taxes

Uruguayans on average work 128 days, over a third of the year to pay taxes, according to a report from a local lobby group based on the “Tax-free day” which supposedly marks the end of the time dedicated to contribute to the treasury.
Saturday, May 4th 2013 - 10:03 UTC
Uruguay admits trade and economic relations with Argentina ‘couldn’t be worse’

Vice-president Danilo Astori admitted on Friday that economic-trade relations with Argentina continue to deteriorate and seriously question Mercosur and Uruguay must therefore speed the search for other alternatives.
Saturday, May 4th 2013 - 09:32 UTC
Falkland Islands’ census shows there are more new homes than new people

The release of further data from the 2012 Census shows that the Falkland Islands continues to work its magic on immigrants who may have arrived with short term plans but have settled for ten or more years and that the ratio of women to men in the Islands has increased considerably over the last four decades.
Saturday, May 4th 2013 - 09:19 UTC
New Wyoming lithium deposit could meet all US demand

By John C.K. Daly - The US currently imports more than 80% of the lithium it uses, with the silvery metal winding up in batteries from cell phones to electric cars.
Saturday, May 4th 2013 - 09:12 UTC
Van Rompuy joins chorus of Euro zone policy makers promoting pro-growth measures

European Union governments and institutions must take “immediate action” to promote growth and jobs creation as countries are tired of austerity, European Council President Herman Van Rompuy said this week.
Saturday, May 4th 2013 - 09:03 UTC
UK minister warns waters row escalation with Spain could damage Gibraltar’s economy

UK Minister for Europe David Lidington has warned that an escalation of tension with Spain in the waters row could damage Gibraltar’s prosperity and wider UK interests and pointed out that the incursions were not “an armed attack or invasion” and that the response to them must be proportionate.
Saturday, May 4th 2013 - 04:18 UTC
Dollar in Argentina ‘brushes’ 10 Pesos; urgent meeting of Cristina Fernandez economic cabinet

For a third consecutive day the ‘blue’ dollar which trades in Argentina’s informal market established a new record and after having brushed 10 Pesos in earlier trading finally closed Friday at 9.84 (buying price) and 9.88 (selling price) Pesos.
Friday, May 3rd 2013 - 03:29 UTC
Falkland Islands as oil-producing country: boon or blight?

For some, the prospect of the Falkland Islands becoming an oil-producing country creates exciting visions of opportunity, while for others it seems like a nightmare. What is certain is that oil, like sheep and fishing before it, will inevitably bring changes to both our wealth and our way of life.
Friday, May 3rd 2013 - 03:16 UTC
Falklands’ delegation to IAATO round in Chile satisfied with contacts and praise for organizers

The International Association of Antarctic Tour Operators, IAATO, with over a hundred member organizations held in April its latest annual meeting in Punta Arenas, Chile with a numerous delegation from the Falkland Islands attending given the growing economic significance of the cruise industry and Antarctica tours.
Friday, May 3rd 2013 - 02:34 UTC
Rousseff insists oil royalties should be invested in education; divided Congress disagrees

Brazilian President Dilma Rousseff said she has sent to Congress another proposal to earmark all oil royalties collected by the state for public education after lawmakers shelved an earlier effort. Rousseff made the announcement in a televised Labour Day speech in which she said improving education was vital for Brazil's development in a highly competitive world.