Economy

• Thursday, October 6th 2022 - 09:11 UTC

  Mortgage rates in UK on the rise, first time since 2014

  

  Mortgage rates in the UK have been going up for months, but recorded a sharp increase in response to the fall-out from the mini-budget nearly two weeks ago. First-time buyers and those looking to remortgage are affected.

• Wednesday, October 5th 2022 - 19:08 UTC

  Tenants group advances “no empty house” bill in Buenos Aires

  

  An organization claiming to represent Buenos Aires' tenants has submitted a bill before the City Hall whereby idle units are to be put out for rent on a mandatory basis after 90 days.

• Wednesday, October 5th 2022 - 14:51 UTC

  Brazil, with Mercosur partners, plans to become a global rice exporting hub

  

  As India, the world leader in exports restricts rice shipments, Brazil signaled at the World Trade Organization (WTO) that together with Mercosur partners, it is ready to expand exports and help with global food security.

• Wednesday, October 5th 2022 - 10:12 UTC

  EU-Mercosur agreement ratified in 2023? Uruguayan Foreign Minister sees it possible

  

  It's been more than two decades since the negotiations began. Yet, geopolitical conditions have never been favorable to ratify the agreement between the European Union (EU) and Mercosur. However, the Minister of Foreign Affairs of Uruguay, Francisco Bustillo, said Tuesday during a press conference that there is “a window of opportunity” to ratify the accord between the European and South American blocs in 2023, during the pro tempore rulings of Spain and Brazil in each group.

• Wednesday, October 5th 2022 - 09:43 UTC

  Uruguayan exports slump for the first time in two years

  

  Uruguayan overall exports have fallen in September of 2022 for the first time in almost two years. The country still shows an increase of 33.2% so far this year, according to the Union of Exporters of Uruguay's monthly report.

• Tuesday, October 4th 2022 - 09:55 UTC

  Paraguay in the process of switching Taiwan for the Chinese market?

  

  Is Paraguay about to dump Taiwan for China? Landlocked Paraguay and a leading exporter of soybeans and beef, plus an ample surplus of hydroelectric energy, is the only country in South America, and Mercosur member, that still has full diplomatic relations with Taipei, and continues to give its back to Beijing, but this could be changing or in a transition process.

• Tuesday, October 4th 2022 - 09:15 UTC

  Leftwing organizations hold bartering fair in front of Casa Rosada

  

  Social organizations have staged a countertrade fair at Buenos Aires' iconic Plaza de Mayo (in front of Casa Rosada, the Presidential HQ) and at other squares nationwide to protest against what they call the demise of the monthly wage.

• Monday, October 3rd 2022 - 10:16 UTC

  Tory MPs furious with Liz Truss mini-budget: she's playing into the hands of Labour

  

  The shockwaves from the mini-budget presented by Prime Minister Liz Truss and her Chancellor of the Exchequer Kwasi Kwarteng are still reverberating in the markets and politically more damaging, among members of the ruling Conservative party.

• Monday, October 3rd 2022 - 09:47 UTC

  Argentine tire manufacturers back to work

  

  An agreement has been reached between Argentina's Single Union of Argentine Tire Workers (SUTNA) and the three companies operating in the country, thus bringing the five-month conflict that left the country virtually tireless to an end.

• Friday, September 30th 2022 - 19:05 UTC

  Unemployment keeps falling in Brazil as elections loom over

  

  Unemployment in South America's largest country has dropped to 8.9% in the quarter ending in August, following a 0.9 decrease that month, according to a study published Friday by the Brazilian Institute of Geography and Statistics (IBGE).