Economy

• Tuesday, October 23rd 2018 - 08:31 UTC

  United States 2018 federal budget deficit at its highest since 2012: US$ 779bn

  

  The United States federal budget deficit rose in fiscal 2018 to the highest level in six years as spending climbed, the Trump administration said. The deficit jumped to US$ 779 billion, US$ 113 billion or 17% higher than the previous fiscal period, according to a statement from Treasury Secretary Steven Mnuchin and Office of Management and Budget Director Mick Mulvaney.

• Tuesday, October 23rd 2018 - 06:50 UTC

  Uruguay expects 172 calls this 2018/19 cruise season, a 24% increase

  

  Uruguay is expecting 172 cruise calls this season, of which 105 in Montevideo and 67 in the Atlantic resort of Punta del Este, representing a 24% increase over the 2017/2018 season. This includes the arrival of three new cruise companies, while two others, Costa and Norwegian have chosen Montevideo for the change of passengers.

• Tuesday, October 23rd 2018 - 06:15 UTC

  Ten Falkland Islands tourist lodgings gain Green Seal status

  

  Ten tourist accommodation establishments in the Falkland Islands have been awarded ‘Green Seal status’, an award related to being environmentally responsible, following assessments by the Falkland Islands Tourist Board (FITB).

• Saturday, October 20th 2018 - 08:42 UTC

  Ireland insists a Brexit transition period is not an alternative for backstop proposal

  

  An extended Brexit transition period is not an alternative to the EU’s backstop proposal, Irish premier Leo Varadkar has warned. The Taoiseach said he is open to the idea of an extension but it fails to resolve the border issue.

• Saturday, October 20th 2018 - 08:37 UTC

  Moody's cuts Italy's credit rating and EC warns over 2019 budget plans

  

  Moody's has cut Italy's credit rating by a notch over concerns about plans for larger deficits and the high public debt load as the country's populist government clashes with Brussels over its budget. The European Commission formally warned Italy late Thursday that its budget plans for 2019 are a serious concern, launching a high-stakes process that could see Rome hit with unprecedented sanctions for breaking commitments to Brussels.

• Saturday, October 20th 2018 - 08:33 UTC

  China's growth cools to its weakest since the global financial crisis

  

  China's economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.

• Saturday, October 20th 2018 - 07:15 UTC

  Bolsonaro, not the best choice for Brazil, say 350 economists in open declaration

  

  More than 350 economists, among them a Nobel Prize winner, have signed a declaration saying Brazil's frontrunner to be president, far-right politician Jair Bolsonaro, is not the best choice for his country.

• Saturday, October 20th 2018 - 06:36 UTC

  Gibraltar, not a problem to reach a Brexit agreement, says Spain

  

  Gibraltar Chief Minister Fabian Picardo and Spanish Prime Minister Pedro Sanchez both sent positive signals about the progress of Brexit talks relating to Gibraltar, effectively confirming the Rock’s inclusion in any withdrawal and transitional arrangements to soften the process of leaving the EU.

• Friday, October 19th 2018 - 11:20 UTC

  Chile: eighth consecutive increase in price of fuel finally draws Piñera's attention

  

  President Sebastián Piñera Thursday ordered his cabinet to seek ways to stop the trend, following the eighth increase in the price of petrol in as many weeks

• Friday, October 19th 2018 - 10:18 UTC

  Dollar, prices go up in inflation-ridden Argentina

  

  The US dollar rose 22 cents against the Argentine peso and closed at a 1 US$/ AR$37.50 parity on Thursday. It was the second day in a row for an upward trend following seven straight slumps.