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MercoPress, en Español

Montevideo, July 5th 2025 - 07:39 UTC

Economy

  • Tuesday, June 13th 2023 - 08:16 UTC

    UAE Minister has busy day in Buenos Aires

    Minister Reem Al Hashimy met first with Foreign Minister Santiago Cafiero and then with Vice President CFK

    Argentine Foreign Minister Santiago Cafiero Monday welcomed United Arab Emirates Minister of State for International Cooperation Reem Al Hashimy to deepen bilateral ties and open new exchange channels between both countries, it was reported by the Palacio San Martín.

  • Tuesday, June 13th 2023 - 01:36 UTC

    Brazilian beef stranded in Chinese ports triggers a Lula phone call to Xi

    According to Lula, Minister of Agriculture, Carlos Fávaro, informed him that “70,000 tons of meat are stuck inside containers at Chinese ports.”

    Since some 70,000 tons of Brazilian beef are stranded at Chinese ports awaiting an official clearance resolution from Beijing since the identification of an atypical case of Bovine Spongiform Encephalopathy (BSE), known as “mad cow disease” in Brazil, President Lula da Silva revealed he contacted his counterpart Xi Jinping on Juke 6, to try and overcome the situation.

  • Monday, June 12th 2023 - 10:23 UTC

    Honduras wants to join BRICS bank

    President Xiomara Castro formally made the request during a meeting with Dilma Rousseff

    During her six-day visit to China, Honduran President Xiomara Castro formally asked BRICS' New Development Bank (NBD) Chairwoman Dilma Rousseff for the Central American country to join the entity, it was reported in Shanghai. A technical delegation of the Honduran government will travel in the coming days to initiate the process.

  • Saturday, June 10th 2023 - 10:40 UTC

    Honduran President lands in China to bolster bilateral ties

    With Castro's decision, Honduras joined the group of nations to cut diplomatic relations with Taipei

    Honduran President Xiomara Castro arrived in Shanghai Friday, starting a six-day visit to China which will include a meeting with President Xi Jinping following her government’s decision to establish diplomatic relations with Beijing and cut off ties with Taiwan.

  • Saturday, June 10th 2023 - 10:34 UTC

    French minister warns against rushing EU-Mercosur deal

    Brazil is currently “engaging in a strong energy transition” under Lula, Becht said

    France's Junior Trade Minister Olivier Becht expressed his concerns said this week during his visit to Brazil about concluding the EU-Mercosur deal too hastily. While his country does want a deal concluded between the European Union and South America’s Mercosur, Becht warns against entering into it too quickly, without assurances on environmental and social issues.

  • Saturday, June 10th 2023 - 10:29 UTC

    Argentine Central Bank releases gruesome projections

    Unemployment is also expected to grow for the remainder of 2023 by the BCRA

    Argentine Central Bank's (BCRA) monthly Relevamiento de Expectativas de Mercado (Market Expectancy Survey - REM) report for May released Friday forecasted inflation by the end of this year to reach 148.9%, 22.5 percentage points (p.p.) higher than the previous projection, it was announced in Buenos Aires.

  • Thursday, June 8th 2023 - 16:07 UTC

    Germany recruiting skilled labor, particularly nurses in Brazil

    Heil, travelling in South America for several days with Foreign Minister Annalena Baerbock, signed the declaration together with minister Luiz Marinho in Brasilia

    German Labour Minister Hubertus Heil and Brazilian Labour Minister Luiz Marinho signed a declaration of intent for “fair immigration” to promote the exchange of skilled workers.

  • Thursday, June 8th 2023 - 16:05 UTC

    IMF suggests immigration could help UK with inflation and labor shortage

    IMF's Gita Gopinath told BBC Newsnight that “with inflation as high as it is... there are benefits to having workers come in”

    Immigration that fills gaps in the domestic jobs market can help push down UK inflation, the deputy head of the International Monetary Fund has said. However British prime minister Rishi Sunak has insisted rates of legal immigration are “too high”

  • Thursday, June 8th 2023 - 16:03 UTC

    OECD: UK inflation highest this year; BoE rate could peak 5,25%

    Among countries analyzed in the OECD economic outlook, only Argentina (125%) and Turkey are expected to have a higher headline rate than the UK this year

    OECD, the Organization for Economic Cooperation and Development anticipated the UK will experience the highest level of inflation among all advanced economies this year. UK is set to report a headline inflation of 6.9% this year, above the OECD average of 6.6% for 2023.

  • Thursday, June 8th 2023 - 15:14 UTC

    Falklands budget, “it won't be easy for the private sector”

    Mike Summers, “government competes constantly with the private sector for labor in the middle and lower ranks”

    The latest announcements on the Falkland Islands budget have not gone without comments from the Falklands Chamber of Commerce and its current president Mike Summers, according to an interview on the local television channel.