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MercoPress, en Español

Montevideo, June 17th 2026 - 11:07 UTC

Economy

  • Wednesday, June 3rd 2026 - 23:00 UTC

    Falklands pass £216m budget under 'live within our means' principle amid fiscal pressures

    Among the principles set in January are a ban on borrowing for operating purposes and the requirement to keep uncommitted reserves equivalent to at least 1.5 times operating expenditure

    The Falkland Islands Government presented its 2026/27 budget to the Legislative Assembly on Wednesday, the first of the Assembly elected in December, with an Appropriation Bill of 216.3 million pounds and under the guiding principle of “living within our means.” The plan seeks to balance the territory's finances amid pressure on revenue and an ambitious infrastructure investment program.

  • Wednesday, June 3rd 2026 - 08:22 UTC

    Falklands Legislative Assembly addresses overseas expenses and budget bills drafts

    The Islands’ elected autonomous government, Legislative Assembly this month has to address the budget bills for the coming financial year.

    Today, Wednesday 3 June at the Court and Assembly Chambers Town Hall, beginning at 09:00, the Falkland Islands Legislative Assembly will be holding an assembly, open to the public.

  • Tuesday, June 2nd 2026 - 23:06 UTC

    EU-Mercosur trade deal takes effect provisionally as legal challenge awaits ruling

    Practical implementation is already showing its first challenges

    A month after the provisional entry into force of the trade agreement between the European Union (EU) and Mercosur, exchanges have been governed since May 1 by the terms agreed upon, while political and legal attention in Brussels centers on the EU Court of Justice, which must rule on the validity of the mechanism chosen to launch the treaty.

  • Monday, June 1st 2026 - 22:59 UTC

    President Kast denounces 3.6%-of-GDP structural fiscal deficit inherited from Boric administration

    “We inherited a country with the accounts in disarray, and our obligation is not to complain, but to order them,” Kast said in the legislative chamber

    Chilean President José Antonio Kast on Monday delivered his first annual Cuenta Pública address before the National Congress, based in Valparaíso, in a speech of two hours and twenty-five minutes centred on the country's fiscal situation and on criticisms of the outgoing administration of leftist Gabriel Boric (2022-2026). The president denounced that the incoming executive received a preliminary structural fiscal deficit of 3.6% of Gross Domestic Product, more than double the 1.6% committed to by the previous government, and characterized the situation as an “economic emergency” requiring urgent measures.

  • Friday, May 29th 2026 - 07:00 UTC

    Global carmakers struggle to maintain competitiveness against China's technological offensive

    The Chinese consolidation has altered the nature of traditional alliances

    Major US, European, and Japanese automakers are undergoing a process of strategic repositioning in the face of the accelerated rise of Chinese manufacturers, which have consolidated their leadership in electric vehicles, batteries, industrial design, and software development, according to an investigation published this week by the BBC on the occasion of Auto China 2026, the world's largest motor show. The transformation is reflected in the public acknowledgment from executives themselves: the president of Honda, Toshihiro Mibe, said after visiting a highly automated plant in Shanghai that his company has “no chance against this,” while Ford CEO Jim Farley warned that Western carmakers are “in a fight for our lives.”

  • Friday, May 29th 2026 - 06:31 UTC

    Capricorn Bioceanic Corridor advances to final stretch to connect Atlantic with Pacific

    For Paraguay, the corridor carries a particular strategic dimension

    The Capricorn Bioceanic Corridor, one of the most ambitious infrastructure projects underway in South America, is moving through its final stretch on the border between Paraguay and Brazil, with just twenty-one metres remaining to complete the physical link of the so-called Bioceanic Bridge, according to Paraguayan government authorities cited in late May 2026. The structure, built over the Paraguay River, will connect the cities of Carmelo Peralta, in the department of Alto Paraguay, and Puerto Murtinho, in the Brazilian state of Mato Grosso do Sul, and constitutes one of the central pieces of a logistics corridor that will link the Atlantic Ocean with the Pacific across four South American countries.

  • Monday, May 25th 2026 - 21:58 UTC

    2026 World Cup drives Airbnb supply surge in Mexican host cities and consolidates real estate firms' control

    In all three cities, the main hosts are companies linked to the real estate sector and urban developers, rather than individuals

    The approach of the 2026 World Cup, which Mexico will co-host alongside the United States and Canada, has accelerated the mass conversion of traditional housing into short-term tourist rentals in the three Mexican cities hosting the tournament, with a sharp rise of real estate firms as the dominant market actor. According to data from the specialized firm AirDNA cited by the newspaper El País, the supply of properties on Airbnb and similar platforms grew in Mexico City by 30% between 2023 and 2026, rising from 18,000 to close to 24,000 units. In the Guadalajara metropolitan area, growth reached 50%, to 9,760 properties, and in the Monterrey metropolitan area it doubled, to 7,274 units.

  • Saturday, May 23rd 2026 - 02:34 UTC

    Uruguay captures 63% of Mercosur's annual rice quota to the European Union

    Uruguay this week filled 63% of the annual zero-tariff rice quota granted by the European Union to Mercosur, in the first significant trade milestone since the provisional entry into force, on 1 May, of the association agreement between the two blocs. The total quota of 6,667 tons for the current year was covered within a few weeks of activity, according to Acting Foreign Minister Valeria Csukasi, in what amounts to one of the first operational tests of the treaty signed on 17 January in Asunción.

  • Saturday, May 23rd 2026 - 01:44 UTC

    Messi joins billionaire athletes club after crossing USD 1 billion net worth threshold

    His wealth accumulation reflects a novel trend within elite sport, where large fortunes have traditionally been built through investments outside the field of play

    Argentine footballer Lionel Messi, 38, has crossed the USD 1 billion net worth threshold and joined the exclusive group of billionaire athletes, according to the Bloomberg Billionaires Index. The captain of the Argentine national team, world champion in Qatar 2022 and winner of eight Ballons d'Or, now shares the category with his historic sporting rival, Portuguese forward Cristiano Ronaldo, who reached the milestone in 2023 after signing with Al-Nassr of the Saudi Pro League.

  • Thursday, May 21st 2026 - 06:59 UTC

    Falklands’ oil, in June upgrade begins in Asia to adapt Aoka Mizu FPSO to Sea Lion development needs

    Navitas has shifted upgrade work on the Aoka Mizu from the Middle East to Asia due to the conflict in Iran, adding about US$ 45 million to the development budget

    Rockhopper Exploration (AIM:RKH), has highlighted progress at the Sea Lion oil development in the North Falkland Basin, operated by Navitas Petroleum. The first two phases will use the Aoka Mizu FPSO with capacity of 55,000 barrels per day, while a new memorandum of understanding for a second FPSO could lift total capacity by a further 125,000 barrels per day, significantly expanding the project’s production potential if implemented.