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MercoPress, en Español

Montevideo, January 28th 2026 - 22:58 UTC

Economy

  • Saturday, June 12th 2021 - 08:00 UTC

    Taxing corporate profits: Is change coming to the world’s economic weather?

    If it makes it through all that, then companies like Microsoft could no longer shield their profits from meddlesome taxation.

    By Gwynne Dyer – It’s not Bretton Woods, but it’s a start. The decision by finance ministers from G7 countries to create a global minimum tax rate on corporate profits, and reaffirmed by world leaders meeting in Cornwall, is a step in the right direction if only a baby step. The tide was due to turn about now, according to one theory, and maybe it’s finally happening.

  • Saturday, June 12th 2021 - 07:52 UTC

    Queen Elizabeth and royal family host a reception for G7 leaders

    The 95-year-old monarch was joined by her son and heir Prince Charles and wife Camilla and grandson Prince William and his wife Kate also present

    Britain’s Queen Elizabeth hosted on Friday reception for leaders of the Group of Seven (G-7) richest nations, who are holding a three-day summit. The reception was held at Cornwall’s Eden Project, an attraction that features the world’s largest indoor rainforest within giant domes.

  • Thursday, June 10th 2021 - 21:15 UTC

    Cruise industry interested in returning to Uruguay for the 2021/22 season

    Busy day in Montevideo with cruise visitors

    Uruguay has received over 200 requests for cruise vessels to call in Montevideo and Punta del Este for the coming 2021/22 season, (October/March), according to reports in the local media. Of the 200, 140 requests are for Montevideo and 60 for the international seaside resort of Punta del Este.

  • Thursday, June 10th 2021 - 17:02 UTC

    Copa America loses leading sponsoring brewery

    The brewery behind brands such as Brahma, Budweiser, Antarctica, Corona, Stella Artois and Skol has chosen not to sponsor this year's Copa America

    The Ambev brewery has announced Wednesday that they had decided to withdraw from the much controversial Copa America football tournament of South American national teams due to start in Brazil this coming weekend.

  • Thursday, June 10th 2021 - 09:30 UTC

    Bitcoin legal tender in El Salvador, first country ever

    President Bukele endorsed the adoption of Bitcoin as legal tender

    The Parliament of El Salvador has passed with 62 out of 84 votes a bill submitted by President Nayib Bukele to classify Bitcoin as legal tender, thus becoming the first country in the world to adopt a cryptocurrency. Its use as legal tender will go into law in 90 days.

  • Thursday, June 10th 2021 - 09:05 UTC

    Falklands Governor: a “superb season” for Fisheries based on catch volumes

    Governor Nigel Phillips, CBE in the ceremonial suit addressing the Falklands' elected Legislative Assembly

    On June first Falklands governor Nigel Phillips CBE, delivered the annual address to the Islands Legislative Assembly on the budget for the new financial year. The following is the chapter on Fisheries and the “superb season”, based on the catch numbers.

  • Wednesday, June 9th 2021 - 09:20 UTC

    Maersk encouraged by the boom in global trade and container business

    “For East South America, particularly Brazil, we see exports driving the growth in trade volume this year” said Julian Thomas, head of the company for Mercousr countries

    The growth of China’s exports to the United States is expected to boost global trade in 2021, according to Moller-Maersk. The logistics company predicts that global container trade is expected to increase between 5% and 7% in 2021 as consumers shift their demands, prioritizing the purchase of consumer goods over services.

  • Tuesday, June 8th 2021 - 09:00 UTC

    Price of fuel goes up 12% in Uruguay

    Paganini said national cost overruns were being set aside for now but will have to be taken into account sooner or later.

    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

    The People's Bank of China

    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

    AMLO hopes he will still be able to guarantee the budget for the poor

    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.