Economy

Tuesday, June 8th 2021 - 09:00 UTC
Price of fuel goes up 12% in Uruguay

The Government of Uruguay Monday announced a 12% increase in the price of fuels due to the increase in the international value of oil, a product that Uruguay imports 100%.
Tuesday, June 8th 2021 - 07:43 UTC
China's international reserves in May reach US$ 3,22 trillion

Chinese gold and foreign currency reserves, the world’s largest, rose more than expected last month, according to official data published on Monday. The nation’s foreign exchange reserves increased by US$23.62 billion to US$3.22 trillion in May against US$ 3.198 trillion recorded in April.
Tuesday, June 8th 2021 - 07:15 UTC
AMLO loses legislative majority in Mexican Lower House

Mexican President Andrés Manuel López Obrador's (AMLO) centre-left ruling National Regeneration Movement (Morena) which lost the qualified majority in the Lower House after Sunday's elections.
Tuesday, June 8th 2021 - 04:38 UTC
Google fined €220 million in France to settle abuse of power in online advertising

BLOOMBERG – Google has agreed to pay €220 million and end anti-competitive practices, to settle a French antitrust probe over its abuse of power in online advertising. The French Competition Authority said Google has been unfairly sending business to its advertising server and its online ad auction house, to the detriment of rivals. In addition to the fine, Google promised to remedy the situation by improving the interoperability of its Google Ad Manager services for third parties.
Monday, June 7th 2021 - 20:03 UTC
Food prices in May soared to its highest in a decade, FAO report

FAO – Global food prices rose in May at their fastest monthly rate in more than a decade, even as world cereal production is on course to reach a new record high, the Food and Agriculture Organization of the United Nations (FAO) reported.
Monday, June 7th 2021 - 09:05 UTC
Cardoso and Lula da Silva support Argentina in the Mercosur tariff reduction controversy

Former Brazilian presidents Fernando Henrique Cardoso and Lula da Silva signed a statement in which they support Argentina's position in the Mercosur controversy regarding a flat unilateral tariff reduction as sponsored by president Jair Bolsonaro, with the backing of Uruguay, but rejected by President Alberto Fernandez.
Monday, June 7th 2021 - 08:39 UTC
World Bank loan for the sewage system of Buenos Aires City

The World Bank Board of Directors approved a US$ 265 million loan to continue infrastructure works in the Matanza-Riachuelo Basin which borders Buenos Aires City. The works will improve the wastewater system, which has become an open cyst pool, by reducing organic pollution of the river by 80%.
Saturday, June 5th 2021 - 09:47 UTC
Uruguayan ministers travel to Paraguay to discuss flexibilization of Mercosur

Uruguay's Economy Minister Azucena Arbeleche and Foreign Minister Francisco Bustillo travelled to Paraguay Friday to discuss with the local administration of President Mario Abdo Benítez new steps towards flexibilities Mercosur's rules.
Saturday, June 5th 2021 - 08:57 UTC
Latin America unemployment in 2021 forecast at 11.1%, according to ILO

The International Labor Organization (ILO) Friday issued a report according to which 28 million Latin Americans are in a situation of working poverty due to the pandemic, for an overall unemployment rate of 11.1% in the region for the year 2021.
Friday, June 4th 2021 - 09:55 UTC
Lacalle Pou wants Uruguay to compete in an unprotected foreign trade scenario

Uruguayan President Luis Lacalle Pou said Thursday during the virtual Export Day celebrations that “we like to play on a large court, and not on a small, protected one.”