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MercoPress, en Español

Montevideo, November 19th 2025 - 04:37 UTC

Economy

  • Friday, July 18th 2025 - 10:19 UTC

    Embraer likens Trump's tariffs to Covid-19 slowdown

    Embraer has the potential to purchase US$21 billion in US equipment for the aircraft over the next five years, Gomes explained

    Brazillian aircraft manufacturer Embraer, the third-largest in the world behind Boeing and Airbus, estimated that the tariffs announced by the United States against Brazil could have an impact similar to that of the Covid-19 pandemic, when the company saw a 30% drop in revenue and had to reduce its workforce by around 20%.

  • Friday, July 18th 2025 - 10:07 UTC

    Venezuela records GDP growth above 6% in 2Q of 2025

    ”Venezuela's gross domestic product (GDP) has grown by more than 6% in the second quarter,” Maduro announced

    Venezuelan President Nicolás Maduro announced that his country's Gross Domestic Product (GDP) grew by over 6% in the second quarter of 2025, marking the 17th consecutive quarter of economic expansion, following a 9% increase in the first quarter of 2025. Maduro also highlighted previous growth figures of 9% in 2024, 5.5% in 2023, and a significant 15% in 2022.

  • Thursday, July 17th 2025 - 10:40 UTC

    Falklands, Government finally presents delayed 25/26 Budget approved by outgoing Legislative Assembly

    MLA Roger Spink, said: “This budget has been the subject of thorough and, at times, robust debate among Members.”

    The Falkland Islands Government’s (FIG) Budget for 2025/26 has today, 16th July, been approved by the Legislative Assembly, setting a considered and strategic direction to safeguard the long-term financial health of the Islands.

  • Thursday, July 17th 2025 - 09:54 UTC

    Venezuela and Colombia discuss joint border trade zone

    A formal agreement is yet to be signed although both governments seem to be keen on the idea

    Venezuelan Foreign Minister Yván Gil met with his Colombian counterpart, Rosa Yolanda Villavicencio, in Bogotá to reinforce bilateral relations between the two South American countries. A key topic was promoting a Binational Economic Zone to boost cross-border trade and the economies of both nations.

  • Wednesday, July 16th 2025 - 09:49 UTC

    Brazil eager to avert higher US tariffs

    Alckmin chaired separate mmeetings with representativers from the agricultural and industrial sectors

    Brazil is actively working to avert the implementation of 50% tariffs on its products by the United States, set to take effect on August 1 as announced by President Donald Trump. Vice President Geraldo Alckmin, along with other ministers, met with leaders from the industrial and agricultural sectors to discuss the severe potential impacts.

  • Tuesday, July 15th 2025 - 11:13 UTC

    Indec says June's inflation in Argentina was 1.6%

    The low Consumer Price Index (CPI) is fostering optimism for an improvement in Argentina's external accounts

    Argentina's National Institute of Statistics and Census (Indec) reported on Monday that inflation in June was 1.6%, marking the second-lowest monthly figure of the year. This brings the cumulative inflation for the first six months of 2025 to 15.1%. The year-on-year inflation rate stood, thus, at 39.4%.

  • 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.