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MercoPress, en Español

Montevideo, August 7th 2025 - 16:43 UTC

Economy

  • Saturday, July 29th 2017 - 11:46 UTC

    Post-Brexit trade deals and serious obstacles when it comes to food

    In the US, it is legal to wash chicken carcasses in chlorinated water to kill germs - but this has been banned in the EU since 1997

    As the United Kingdom begins contacts to negotiate new trade deals as it leaves the EU in 2019, food will be one of many areas that will need to be addressed. The ongoing spat over chlorine chicken highlights how tastes and safety practices around the world can differ hugely, since what might seem normal practice in one country can seem problematic elsewhere.

  • Friday, July 28th 2017 - 12:19 UTC

    Air France-KLM buys 31% of Virgin Airlines; Delta retains 49%

    Virgin Group's share will fall from 51% to 20%, while Delta will retain 49%. Sir Richard said he would remain “very much involved” after the deal.

    Air France-KLM is buying almost a third of Virgin Atlantic, leaving Sir Richard Branson's parent company, Virgin Group, with a minority stake in the airline he founded. Air France-KLM is taking a 31% stake, worth £220m, in Virgin Atlantic as part of a four-way joint-venture with US partner Delta.

  • Friday, July 28th 2017 - 06:17 UTC

    Falklands' winds and flight delays could reduce attractiveness of additional services

    ”Commercial airlines will have to factor in the possibility of delays and too many documented delays due to rotor winds may not make this an attractive prospect.”

    Too many documented delays to flights might reduce the attractiveness of the Falklands in terms of an airline considering providing an additional service to the Islands, acknowledged Member of Legislative Assembly (MLA) Gavin Short this week.

  • Friday, July 28th 2017 - 06:00 UTC

    Exxon puts Guyana on the world oil map with another major discovery

    The result increases the estimated recoverable resources in Guyana’s Stabroek Block formation to about 2.25 to 2.75 billion barrels

    Exxon Mobil said that it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total discovery to approximately 500 million barrels oil equivalent. The result increases the estimated recoverable resources in Guyana’s Stabroek Block formation to about 2.25 to 2.75 billion barrels. By way of comparison, the much-heralded Thunder Horse find in the Gulf of Mexico has reserves of about one billion barrels.

  • Thursday, July 27th 2017 - 16:41 UTC

    Trump's economic advisor Gary Cohn considered as possible next Fed chair

    Cohn, a former Goldman Sachs president and Yellen current Fed Chair

    United States President Donald Trump named two possible candidates to run the Federal Reserve over the next few years: current Fed Chair Janet Yellen and Trump's economic adviser Gary Cohn, according to an interview with The Wall Street Journal.

  • Thursday, July 27th 2017 - 16:34 UTC

    Fed leaves rate unchanged but will begin selling assets “relatively soon”

    Janet Yellen, chair of the Federal Reserve

    Leaders of the U.S. central bank said Wednesday that they were holding their benchmark lending rate at a low level — in a range between 1 and 1.25% — for the time being. Federal Reserve officials said in a report issued after their two-day policy meeting that the world's largest economy was growing at a “moderate” pace and the job market was improving, but that inflation remained a bit low.

  • Thursday, July 27th 2017 - 15:53 UTC

    Falklands' issues Crown coin on 35th anniversary of Liberation Day

    The obverse features the Pobjoy Mint effigy which captures Her Majesty Queen Elizabeth II in high detail

    The government and Treasury of the Falkland Islands have issued (11th July) a new crown coin which remembers the 35th anniversary of the day the Islands were officially and wholly liberated from invading Argentine military forces.

  • Thursday, July 27th 2017 - 14:54 UTC

    Brazil central bank lowers basic rate to 9.25%; expected to reach 8% by end of 2017

    Brazil's central bank cut interest rates below 10% for the first time in nearly four years on Wednesday, keeping a fast pace of monetary easing as plunging inflation gave it leeway to aid an incipient recovery.The bank's nine-member monetary policy committee, known as Copom, cut its benchmark Selic rate by 100 basis points for the third straight time to 9.25%.

  • Thursday, July 27th 2017 - 10:29 UTC

    UK expands 0.3% in second quarter, but it is a “notable slowdown” from last year

    Chancellor Philip Hammond said the UK economy had now grown consistently for four-and-a-half years. “We can be proud of that, but we are not complacent”

    United Kingdom economic growth edged slightly higher in the three months to June, as a stronger service sector offset weaker manufacturing and construction. The Office for National Statistics (ONS) said the economy expanded by 0.3% in the quarter, up from 0.2% in the previous three months, but added there had been a “notable slowdown” from last year.

  • Thursday, July 27th 2017 - 01:52 UTC

    Brazilian landless peasants invade soybean plantation owned by Agriculture minister

    Amaggi, the company owned by minister Maggi (Pic), confirmed the invasion of the 480 hectare farm in the central-western state of Mato Grosso

    Hundreds of landless farmers in Brazil have invaded and occupied a soybean plantation owned by a company belonging to Agriculture Minister Blairo Maggi. The takeover by some 500 people was organized by the Landless Rural Workers' Movement, which encourages the seizure of farmland it deems unproductive as a tactic to pressure the government.