Economy

• Saturday, June 13th 2026 - 19:09 UTC

  Elon Musk becomes the world's first trillionaire after SpaceX's record stock debut

  

  Technology magnate Elon Musk became the world's first trillionaire on Friday, after his aerospace company SpaceX made its stock-market debut. Following the IPO, which raised a record roughly $75 billion and valued the company at about $1.77 trillion, the net worth of the owner of Tesla, the social network X and Neuralink stood at around $1.1 trillion.

• Friday, June 12th 2026 - 06:17 UTC

  Uruguay takes over the Mercosur presidency this month, with EU quotas a top priority

  

  Uruguay will assume the pro tempore presidency of Mercosur on June 30, during a summit of the bloc in Paraguay, with the distribution of the quotas from the agreement with the European Union (EU) among the main items on its agenda. Foreign Minister Mario Lubetkin said the country is already preparing to take on that role and that “the technical teams are already working.”

• Tuesday, June 9th 2026 - 21:45 UTC

  Uruguay sheep produce exports from July25 to May26 reached US$ 281 million

  

  Uruguay sheep produce exports grew 28% between July 2025 and May 2026, totaling US$ 281 million, boosted by wool, 72% of income while lamb and mutton the remaining 27%.

• Sunday, June 7th 2026 - 23:52 UTC

  Argentina seeks a trade pact that would link it with the UK for the first time since 1982

  

  Argentina has applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a step that, if completed, would place it for the first time since the 1982 Falklands War in a trade agreement that also includes the United Kingdom. Foreign Minister Pablo Quirno announced the decision during a tour of Europe and handed the formal letter of intent to New Zealand, the treaty's depositary.

• Saturday, June 6th 2026 - 08:09 UTC

  Falklands’ public meeting Monday 8th June on the 2026/27 annual budget, with Secretary Clunie attending

  

  The Falkland Islands Government will be holding a public meeting on Monday 8th June 2026 from 5-6pm in the Court & Assembly Chamber where the Financial Secretary, Pat Clunie will present the 2026-27 annual budget.

• Thursday, June 4th 2026 - 10:55 UTC

  Lula pushes back on US tariffs, says Brazil is the one running a trade deficit

  

  Brazilian President Luiz Inácio Lula da Silva on Tuesday rejected the US government's argument that Brazil engages in “unreasonable” practices in the bilateral relationship, arguing that it is Washington that runs a trade surplus with his country. If anyone should impose tariffs, he said, it would be Brazil.º

• Thursday, June 4th 2026 - 10:40 UTC

  US proposes forced-labor tariffs on 60 economies, with Brazil and China facing 12.5%

  

  The US government proposed tariffs of up to 12.5% on 60 economies —59 countries and the 27-nation European Union— for failing to ban or effectively enforce the prohibition on imports of goods made with forced labor. The measure, announced Tuesday night by Trade Representative Jamieson Greer, relies on Section 301 of the 1974 Trade Act and is the White House's most ambitious step yet to rebuild its tariff policy.

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

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

  

  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

  

  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

  

  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.