Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, October 20th 2025 - 13:33 UTC

Economy

  • Tuesday, July 15th 2025 - 06:52 UTC

    Musk, Mao and Trump’s imperial dreams

    When Musk announced the foundation of the ‘America Party’, the public response fell considerably short of rhapsodic

    By Gwynne Dyer - The only place where some people still see Elon Musk as a political genius is China. “Brother Musk, you’ve got over a billion people on our side backing you,” wrote a fan on Weibo, China’s biggest social media site. “If Elon Musk were to found a political party,” wrote another, “his tech-driven mindset could inject fresh energy into politics.”

  • Tuesday, July 15th 2025 - 06:39 UTC

    Bank of England ready to make larger interest rate cuts if UK economy shows signs of slowing down

    “I really do believe the path is downward” on interest rates, Mr, Bailey was quoted in The Times. BoE will review rates at the Bank's next meeting on 7 August

    The Bank of England is prepared to make larger interest rate cuts if the job market shows signs of slowing down, Governor Andrew Bailey told The Times in an interview. “I really do believe the path is downward” on interest rates, Mr Bailey was quoted..

  • Monday, July 14th 2025 - 10:59 UTC

    Brazil's inflation reported to be above target in first semester of 2025

    Galípolo said the Selic rate should remain high until it manages to push inflation within the target

    Inflation figures released last week in Brazil showed the country had pierced the target ceiling for the first time since the National Monetary Council changed early this year the way the accumulated increase is calculated. Without this twitch, the inflation target had already been breached eight times.

  • Saturday, July 12th 2025 - 10:14 UTC

    Paraguay's foreign trade plummets in first half of 2025

    Positive contributions from corn, wheat, and rice were not enough to offset the soybean downturn

    Paraguay's total exports in the first half of 2025 saw a 7.6% decline, totaling US$7.83 billion compared to US$8.47 billion in the same period last year, according to a report from the Central Bank of Paraguay (BCP) released Friday in Asunción, which thus showed a trade deficit of US697.9 million, a significant shift from the US$469 million surplus recorded in June 2024.

  • Friday, July 11th 2025 - 19:37 UTC

    Brazil maneuvering to resume chicken exports to Europe

    Brazil reportedly stopped exporting about 123,000 tons of chicken due to the avian flu detection

    Brazil's Agriculture Minister Carlos Fávaro held a videoconference with EU Commissioner for Health and Animal Welfare, Olivér Várhelyi, this week to discuss lifting restrictions on the Brazilian chicken meat exports imposed after an outbreak of Highly Pathogenic Avian Influenza (HPAI) at a commercial farm in Montenegro, Río Grande do Sul, in May.

  • Friday, July 11th 2025 - 10:55 UTC

    Brazil to look elsewhere in light of Trump's tariffs

    Fávaro said alternatives were being sought for profuts that would become unaffordable to US consumers

    Brazil's Ministry of Agriculture and Livestock (Mapa) has been entrusted with seeking new markets to replace placements that may be affected by US President Donald Trump's 50% tariffs, in a move to minimize the measure's impact, Minister Carlos Fávaro confirmed Thursday.

  • Friday, July 11th 2025 - 10:23 UTC

    Bolsonaro respects and admires Trump's government

    Bolsonaro claimed that such a measure would not have occurred under his administration

    Former Brazilian President Jair Bolsonaro expressed his “respect and admiration for the United States Government” after Wednesday's announcement that all Brazilian exports would be slapped with a 50% tariff. The retired Army captain insisted that he took the news “with a sense of responsibility.”

  • Friday, July 11th 2025 - 10:12 UTC

    Nobel laureate claims Trump's tariffs on Brazil politically motivated

    In Krugman's opinion, the measures unveiled by Trump are also arguments for opening impeachment proceedings against him

    American Economist Paul Krugman, a New Keynesian expert who once received the Nobel Prize, has been heavily critical of President Donald Trump, saying that the Republican leader was “evil and megalomaniacal” after the 50% tariffs imposed on all Brazilian products and insisted the measure reverberated in his own country.

  • Tuesday, July 8th 2025 - 22:22 UTC

    Trump announces 50% tariff on copper - concern mounts in Chile

    The 50% tariff on copper is consistent with previous tariffs imposed on steel and aluminum

    US President Donald Trump on Tuesday announced a 50% tariff on copper imports and stated he was considering a 200% tariff on pharmaceutical products if manufacturers do not move their operations to the United States. These announcements were made during a cabinet meeting, though no official executive order has yet been published on the White House website.

  • Monday, July 7th 2025 - 09:36 UTC

    BRICS Summit insists on two-state solution for Middle East crisis; Iran objects

    “The fear of a nuclear catastrophe has returned to everyday life,” Lula also pointed out

    The 17th BRICS Summit in Rio de Janeiro issued Sunday a new declaration advocating for a two-state solution, one Palestinian and one Israeli, like on previous occasions.