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MercoPress, en Español

Montevideo, January 28th 2026 - 12:36 UTC

Economy

  • Friday, February 15th 2019 - 10:24 UTC

    Agribusiness lobby in Brazil shows its muscle: US$ 52bn in subsidized farm loans

    Banco do Brasil responsible for many of the subsidized farm loans, favors cutting that lending and offering favorable insurance instead, CCEO Rubem Novaes said

    Brazil could double spending on subsidized farm insurance in 2020 and may expand subsidized loans, the country’s agriculture policy secretary said on Thursday; even though the new government’s economic team has pledged to cut spending.

  • Friday, February 15th 2019 - 08:57 UTC

    Netherlands mock Brexit with a giant Muppet-style monster

    The picture of the monster tweeted by Foreign minister Stef Blok, with the warning: “make sure Brexit doesn't sit - or lie - in your way”

    The Dutch government sees Brexit not as the elephant in the room but as a giant Muppet-style monster lying on a desk. That is the picture tweeted by Foreign minister Stef Blok, with the warning: “make sure Brexit doesn't sit - or lie - in your way”. There is a link to an official website where Dutch firms can see the potential impact of Brexit on their business.

  • Friday, February 15th 2019 - 08:55 UTC

    Germany on the edge of recession following weak trade performance

    A weak trade performance dragged on the economy, and consumer spending remained subdued

    Germany's economy just about avoided falling into recession during the final three months of last year. Europe's largest economy registered zero growth during the fourth quarter of 2018, the country's Federal Statistics Office said. That means it avoided two consecutive quarters of contraction, which is the usual definition of a recession.

  • Friday, February 15th 2019 - 08:54 UTC

    JP Morgan breaks ground and creates a crypto-currency, JPM Coin

    Although JP Morgan's CEO Jamie Dimon has publicly criticized Bitcoin, the bank says it has always “believed in the potential of blockchain technology”.

    US investment bank JP Morgan has created a crypto-currency to help settle payments between clients in its wholesale payments business. JPM Coin is the first digital currency to be backed by a major US bank.

  • Friday, February 15th 2019 - 08:49 UTC

    PM's May approach to Brexit talks again rejected in Parliament: 303 to 258

    The defeat has no legal force and Downing Street said it would not change the PM's approach to talks with the EU

    Prime Minister Theresa May has suffered another Commons defeat after MPs voted down her approach to Brexit talks. MPs voted by 303 to 258 - a majority of 45 - against a motion endorsing the government's negotiating strategy.

  • Friday, February 15th 2019 - 08:47 UTC

    Amazon drops plans to build HQ in New York because of fierce opposition from politicians

    Amazon said plans to build a new HQ required “positive, collaborative relationships with state and local elected officials who will be supportive over the long term”

    Amazon has said it will not build a new headquarters in New York, citing fierce opposition from state and local politicians. The dramatic turnabout comes just months after the firm named New York City one of two sites selected for major expansion over the next decades. City and state leaders had agreed to provide about US$3bn in incentives to secure that investment.

  • Friday, February 15th 2019 - 07:21 UTC

    “Venezuela should honor its debts obligations”, Russia reminds Maduro

    “These are international obligations. They must be respected,” Russian Finance minister Siluanov said

    Venezuela should honour its debt obligations to Russia despite the political situation in Caracas, Russian Finance Minister Anton Siluanov said on Thursday. ”Russia hopes that Venezuela, even in case of a change of power in the country, will fulfil its obligations under the debt to Russia, Siluanov told reporters on the sidelines of the Russian Investment Forum in the Black Sea resort of Sochi.

  • Friday, February 15th 2019 - 07:15 UTC

    End for a symbol of Europe technology: Airbus will cease production of the A380

    Hailed as the industrial counterpart to the Euro, the demise of a globally recognized European symbol coincides with growing political strains among partners

    The world’s largest airliner has run out of runway after Airbus decided to close A380 production after 12 years in service due to weak sales. The decision to halt production of the A380 superjumbo is the final act in one of Europe’s greatest industrial adventures and reflects a dearth of orders by airline bosses unwilling to back Airbus’s vision of huge jets to combat airport congestion.

  • Friday, February 15th 2019 - 07:10 UTC

    Falkland Islands' Brexit costs considered in the House of Lords

    Lord Jones asked what assessment they had made of the Falklands’ EU exports, and the impact of World Trade Organization tariffs on Islands fisheries.

    The impact of Brexit on the Falkland Islands has been raised in the UK’s House of Lords, with Lib Dem Lord Nigel Jones tabling questions to the Foreign Office. Lord Jones asked the government what assessment they had made of the Falklands’ EU exports, and the impact of World Trade Organization tariffs on Islands fisheries.

  • Thursday, February 14th 2019 - 10:25 UTC

    Parliament to vote on Valentine's Day a raft of Brexit amendments

    Amendments include forcing May to call a new meaningful vote on her Brexit deal before the end of the month, delay Article 50 or even scrap it altogether

    British Prime Minister Theresa May is hoping parliament will show her some love on Valentine's Day by backing a motion reiterating its support for her Brexit strategy and rejecting amendments that would force her hand. Lawmakers in the UK will vote on May's latest motion on Thursday and could be asked to vote on five other amendments brought forward by MPs.