Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, April 25th 2026 - 00:35 UTC

Economy

  • 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.

  • Tuesday, June 8th 2021 - 04:38 UTC

    Google fined €220 million in France to settle abuse of power in online advertising

    While Google's case ended with a fine, Facebook last week tried to avoid that by making commitments to placate regulators

    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

    The FAO Food Price Index averaged 127.1 points in May, 4.8% higher than in April and 39.7% higher than in May 2020.

    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.