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MercoPress, en Español

Montevideo, November 22nd 2024 - 08:32 UTC

Economy

  • Tuesday, May 21st 2024 - 20:38 UTC

    Taiwanese company gets deal to build electric buses in Paraguay

    The bus manufacturing plant in Paraguay is expected to generate some 2,600 job opportunities

    Paraguayan authorities signed a memorandum of understanding with Taiwan's Master Transportation to produce electric buses for the South American country. The arrangements were made during President Santiago Peña's tour of the Island with Industry and Commerce Minister Javier Giménez, who signed on behalf of the visiting delegation. Company President Ting-Fa Wu represented the producers of the DMIT e-Bus.

  • Tuesday, May 21st 2024 - 20:03 UTC

    One passenger killed and 30 injured as Singapore Airlines flight hits heavy turbulence

    Passengers from 17 different countries were aboard the flight

    A British national died and 30 other people were injured when a Singapore Airlines flight home from London's Heathrow Airport hit “heavy turbulence” forcing an emergency landing in Bangkok, Thailand. “We confirm that there were injuries and one fatality on board the Boeing 777-300ER. In total, there were 211 passengers and 18 crew on board,” the airline said on Facebook.

  • Tuesday, May 21st 2024 - 12:25 UTC

    Brexit and UK's rising costs of implementing customs to EU imports

    Long queues of lorries at Dover, because of physical checks at ports. Photo: Pajor Pawel / Shutterstock

    The UK voted to leave the European Union in 2016 but remained in the bloc's single market and customs union until 2021. When UK withdrew from the EU customs union a new RU/UK Trade Cooperation Agreement (TCA) went into effect.

  • Tuesday, May 21st 2024 - 10:59 UTC

    Rio Grande do Sul still far from recovering from floods

    Porto Alegre's Salgado Filho continues not to be operational but flights are serving an Air Force base nearby

    Brazilian authorities have released a new report updating the number of casualties in the storm-hit State of Rio Grande do Sul to 157 with 88 people still missing and some 650,000 others displaced.

  • Tuesday, May 21st 2024 - 10:50 UTC

    France and Germany split over the EU–Mercosur trade pact

    Macron doesn't want French farmers more furious; they've already brought the country to a standstill for weeks with their protests.

    By Oliver Pieper - The free trade deal between the European Union and the South American trade bloc Mercosur could become the world's largest agreement, involving a market of a total of 780 million people. But in late March, French President Emmanuel Macron not only described it as “a very bad agreement,” he even suggested it should be “left behind” and called for “a new agreement.”

  • Monday, May 20th 2024 - 10:45 UTC

    Wars and climate change to blame for slowdown in world commerce, UN official says

    Grynspan, 68, of Costa Rica was appointed the eighth UNCTAD Secretary-General on Sept. 13, 2021, thus becoming the first woman to hold this position

    A high-ranking United Nations (UN) official warned last week that worldwide commerce was threatened by climate change and wars such as the ongoing conflict in Gaza.

  • Saturday, May 18th 2024 - 10:57 UTC

    Wages keep losing purchase power in Argentina, study finds

    Salaries had outpaced inflation under Alberto Fernández (2019-2023)

    According to a study released Friday in Buenos Airers by the Research and Training Center of the Argentine Republic (Cifra), formal wages took a slump of nearly 15% in the last semester, particularly after the Dec. 13 118.3% devaluation of the local currency once Javier Milei took office as president.

  • Saturday, May 18th 2024 - 10:35 UTC

    Two more Uruguayan meatpacking plants cleared for shipments to China

    According to Torre Ejecutiva, this achievement resulted from President Luis Lacalle Pou's trip to China in Nov. 2023

    Chinese authorities have authorized additional Uruguayan slaughterhouses to ship beef and horsemeat from plants in Florida and Canelones to that country, Agriculture and Livestock Minister Fernando Mattos confirmed Friday.

  • Friday, May 17th 2024 - 20:18 UTC

    Milei lands in Madrid, praises his administration's achievements

    During the weekend, Milei is also scheduled to hold encounters with Spanish businesspeople

    Argentine President Javier Milei landed Friday in Madrid after a refueling stopover in the Canary Islands, for a series of engagements, none including a member of the Spanish government or the royal house. Also aboard the ARG 01 aircraft was Presidential Secretary Karina Milei.

  • Friday, May 17th 2024 - 11:59 UTC

    Argentina's industrial activity keeps dropping

    The sharp drop can be partly explained by last year's “soybean” dollar boosting sales abroad

    Despite victorious announcements from President Javier Milei's government, industrial activity in Argentina fell for the tenth consecutive month amid a growing loss of purchasing power. Interannually, a 17.2% drop was recorded after March's 4.7% decline. In addition, the first quarter of 2024 showed a year-on-year 11.7% slide.