Economy

• Monday, September 26th 2022 - 09:08 UTC

  Another equality 'advance' for Swiss women, they will retire as 65, just like Swiss men

  

  Switzerland is known as a country of direct democracy since voting on referendums is practiced quite often, as happened on Sunday when voters accepted the government's pension reform albeit by a narrow margin.

• Saturday, September 24th 2022 - 09:40 UTC

  Uruguay forecasts promising cruise season for next Summer

  

  Uruguayan authorities are forecasting a promising cruise season for next Summer, according to Tourism Undersecretary Remo Monzeglio, who confirmed there were so far 130 confirmed reservations for calls in Montevideo and 57 for Punta del Este.

• Friday, September 23rd 2022 - 10:56 UTC

  Uruguay ranked among best places for investing in the near future

  

  According to one of the world's leading financial magazines, Uruguay remains “a haven of stability in a volatile region.” The report featured the opinions of experts participating in a regular survey, who were asked to evaluate 174 countries quarterly.

• Friday, September 23rd 2022 - 10:25 UTC

  A smaller EU, (without UK), and Brazil negotiating new quotas and export volumes

  

  Brazil and the European Union (EU) have reached a bilateral agreement on agricultural commodity quotas to adapt them to the bloc’s change in size following the Brexit departure of the United Kingdom. Under the new agreement, EU will reduce quotas, but, in return, UK decided to open others proportionately, thus preserving Brazil’s export window for both markets.

• Friday, September 23rd 2022 - 10:19 UTC

  Leveraged loan to help Latam airlines exit from bankruptcy

  

  Fresh air for highly indebted Latam, probably still the largest Latin American air carrier. In effect, a group of banks led by Goldman Sachs Group Inc. has launched a leveraged loan sale that will support Latam Airlines Group SA’s exit from bankruptcy.

• Friday, September 23rd 2022 - 10:08 UTC

  Tourists leave hundreds of millions of dollars in Argentina

  

  Foreign tourists have left US$ 850 million in Argentina during the recent winter recess, Buenos Aires authorities reported this week. The local government also said 4,510,000 visitors had entered the country through all border crossings, of whom 2,312,000 were leisure travelers.

• Friday, September 23rd 2022 - 10:05 UTC

  Spanish coalition plans a “wealth” tax on the richest 1% to support “the middle class and workers”

  

  Spain's fragile left-wing coalition government plans to slap a temporary tax on the wealthiest 1% of the country's population to help pay for inflation and cost of living relief measures.

• Friday, September 23rd 2022 - 09:44 UTC

  Latin America and US agree to sack IDB president, a Trump appointment

  

  The fourteen governors on the board of the multilateral Inter-American Development Bank (IDB) have voted unanimously to recommend firing President Mauricio Claver-Carone, Latin American sources revealed on Thursday.

• Friday, September 23rd 2022 - 09:16 UTC

  BOE hikes basic rate to 2,25%, and admits UK economy is in recession process

  

  The Bank of England hiked its base rate to 2.25% from 1.75% on Thursday, lower than the 0.75 percentage point increase that had been expected by many traders, but cautioned the UK economy was already entering recession since GDP is forecast to contract by 0,1% in the third quarter, following on a 0.1% decline in the second quarter.

• Thursday, September 22nd 2022 - 10:12 UTC

  With Fed help and warmonger Putin, Super Dollar is stronger than the Euro

  

  The European Union common currency, the Euro sank to a two-decade low of US$0.9810 on Thursday. It came after Russian President Vladimir Putin ordered the partial mobilization of reservists in an escalation of the war in Ukraine and after the Federal Reserve implemented a 75 basis points increase to the interest rate.