Economy

• Monday, September 4th 2023 - 07:25 UTC

  Uruguay to resume meat exports to Mexico

  

  Uruguay announced the resumption of meat exports to Mexico after three years, with 22 slaughterhouses authorized to sell beef and sheep meat to that country for the next two years, it was reported in Montevideo.

• Saturday, September 2nd 2023 - 10:05 UTC

  Uruguayan exports suffer 17% YoY drop

  

  According to a study by consultants Uruguay XXI released Friday in Montevideo, exports from the South American country -duty-free zones included- totaled US$ 1.027 billion in August, which represented a 17% year-on-year drop.

• Friday, September 1st 2023 - 10:02 UTC

  Unemployment reaches lowest figures since 2015 in Brazil

  

  According to a report from Brazil's statistics bureau (IBGE) released Thursday, unemployment in South America's largest country stood at 7.9% (around 8.5 million people) in the second quarter of 2023, the lowest number since 2015 and a 0.6% decrease from the quarter ending in April.

• Friday, September 1st 2023 - 09:27 UTC

  Lula launches Brazil Without Hunger program

  

  President Luiz Inácio Lula da Silva Thursday launched the Brazil Without Hunger program in Teresina, the capital of the State of Piauí, Agencia Brasil reported.

• Thursday, August 31st 2023 - 15:25 UTC

  Fragile countries, impacted by conflict and climate change, threatened by hunger, IMF report

  

  Fragile countries, and those impacted most by conflict, are already being unevenly hit by the effects of climate change, and are less able than other countries to mitigate those impacts, according to a report published by the International Monetary Fund (IMF) on Wednesday.

• Thursday, August 31st 2023 - 09:21 UTC

  4 countries against Argentina collecting tolls on Paraná Waterway

  

  Paraguay, Brazil, Bolivia, and Uruguay insisted Wednesday on their objections to Argentina collecting tolls on the Paraná River Waterway and demanded the latter to halt that practice until it demonstrates services effectively rendered to navigation justify the measure.

• Wednesday, August 30th 2023 - 09:38 UTC

  Minerva's latest move shakes up Uruguay's meat processing landscape

  

  Conrado Ferber, President of the National Meat Institute (INAC) of Uruguay, expressed his concerns on Tuesday regarding Minerva Foods' proposed acquisition of three meat processing plants from Marfrig. If the deal is finalized, it would result in one of the Brazilian multinational corporations controlling 45% of the southern country slaughterhouse market.

• Wednesday, August 30th 2023 - 08:41 UTC

  Loss of sea ice causes catastrophic breeding failure for emperor penguins

  

  Emperor penguin colonies experienced unprecedented breeding failure in a region of Antarctica where there was total sea ice loss in 2022. The discovery supports predictions that over 90% of emperor penguin colonies will be quasi-extinct by the end of the century, based on current global warming trends.

• Wednesday, August 30th 2023 - 08:25 UTC

  World's top car manufacturer Toyota, suspends work in all Japan plants due to a “system malfunction”

  

  Toyota announced Monday the temporary suspension of operations in all 14 of its manufacturing plants in Japan due to a system malfunction on Tuesday. The issue did not seem to stem from a cyber-attack and the problem was being investigated, said company spokesperson Sawako Takeda. 

• Wednesday, August 30th 2023 - 08:02 UTC

  Brazil closely monitoring evolution of Chinese economy: real estate sector linked to iron ore exports

  

  Brazil is keeping close track of events and performance of the Chinese economy, particularly those areas that might have an impact on the exports of the leading and largest South American economy.