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Montevideo, April 28th 2026 - 07:10 UTC

Economy

  • Saturday, July 22nd 2017 - 08:13 UTC

    Falklands' 2016 Census (I): Population 3.200; Camp increased 9%, for the first since 1950s'

    The 2016 census shows that Falklands population increased by 360 people over the four years since the April 2012 census, reaching 3,200 persons in October 2016. (Pic PN)

    The Falkland Islands government Policy and Economic Unit has released the 2016 Census Report (*) which indicates that the total number of people counted in the Islands on census night, 9 October 2016, was 3,354. This figure includes visitors to the Islands and people who are not normally resident in the country, for example tourists or crew on vessels in Falklands waters on census night.

  • Friday, July 21st 2017 - 08:49 UTC

    Brexit second round with EU ends with “fundamental disagreements”

    Mr. Barnier said the first round of talks had been about organization, this week had been about presentation, and the “third round must be about clarification”.

    The second round of Brexit talks has ended with “fundamental” disagreements remaining between Britain and the European Union on citizens’ rights and a stand-off over the so-called “divorce bill”.

  • Thursday, July 20th 2017 - 23:46 UTC

    Following days of leaks and 'backbiting', Theresa May calls for responsibility from the cabinet

    “There is a need to show strength and unity as a country and that starts around the cabinet table,” the Prime Minister told ministers.

    Britain's embattled Prime Minister Theresa May has urged senior ministers to come together and keep the details of their meetings private in an effort to halt the leaks emanating from government officials. May made the plea Tuesday after a week in which British media has been awash with stories quoting unnamed cabinet sources as well as constant speculation over her leadership.

  • Thursday, July 20th 2017 - 20:51 UTC

    Argentina posts a primary fiscal deficit of 1.5% of GDP

    Dujovne said there was “no doubt” that Argentina would meet its annual goal this year. He pointed to a 32% increase in government revenue in the first half

    Argentina posted a primary fiscal deficit of 144 billion pesos (US$8.4 billion), or 1.5% of GDP in the first half of 2017, Treasury Minister Nicolas Dujovne said on Wednesday, beating the government target for a gap of 2% of GDP. The primary fiscal deficit was 103 billion pesos in the second quarter, compared with 41 billion pesos in the first quarter.

  • Thursday, July 20th 2017 - 09:54 UTC

    Top oil companies plan to invest US$ 1.15bn in Patagonia's shale formation

    BP’s Pan American Energy, Total Austral, Wintershall Energía, and YPF are committing the investment over the next five years to drill more than 60 wells

    BP unit and subsidiaries of France’s Total and Germany’s Wintershall have signed an investment agreement with Argentina’s state-run oil company YPF to jointly invest US$1.15 billion in the Vaca Muerta shale formation in Argentina.

  • Thursday, July 20th 2017 - 09:45 UTC

    “Dump Falklands and Tierra del Fuego, they are too expensive”, says Argentine top banker

    Central bank deputy governor Lucas Lach suggested the Falklands and the whole of Tierra del Fuego to the English: “so we can get rid of this expensive appendix”

    Another member of Argentine President Mauricio Macri administration is in trouble over statements referred to the Falkland Islands, which were actually unearthed from years back, but in election time strange things tend to happen and social networks picked up the outburst of such major 'sin'.

  • Thursday, July 20th 2017 - 09:29 UTC

    UK ex top diplomat warns of “disastrous consequences” of Brexit

    Lord Kerr, UK’s ex permanent representative at EU from 1990-95, said that when he drafted Article 50, he thought it would only ever be used by a dictatorial regime

    The author of the European Union’s Article 50 has issued a call for Brexit to be halted, warning that its “disastrous consequences” are becoming clearer every day. Lord Kerr of Kinlochard was among more than 60 prominent figures in Scotland who signed a joint letter warning that Brexit has seriously damaged the UK’s international reputation and calling for a “UK-wide debate about calling a halt to the process”.

  • Wednesday, July 19th 2017 - 15:16 UTC

    Mexico digesting major crude discoveries, delays offshore oil auctions

    July 12 marked perhaps the single most successful day for the Mexico oil industry since the government ended the Pemex monopoly in 2014.

    Mexico will delay its next offshore oilfield auctions by a month, giving international bidders more time to evaluate recent major crude discoveries that highlight the potential value of the assets. A new billion-barrel find announced last week “confirms that the Mexican side of the Gulf of Mexico is very prolific,” said Juan Carlos Zepeda, Mexico’s chief oil regulator in an interview.

  • Wednesday, July 19th 2017 - 15:10 UTC

    World Medical Association urges Venezuela to immediately address health situation

    WMA President, Dr. Ketan Desai, has written to the President of Venezuela Nicolás Maduro emphasizing the immediacy of the situation.

    The World Medical Association has urged the Venezuelan Government to take immediate action to resolve the country's serious health crisis, which it says has led to increased morbidity, mortality and malnutrition among infants.

  • Wednesday, July 19th 2017 - 11:05 UTC

    UK consumers will no longer suffer surcharges for card payments

    In 2010 alone UK consumers spent £473m on such charges, according to estimates by the Treasury. It follows a directive from the European Union

    British consumers are no longer to be charged extra for paying by debit or credit card, the government has said. From January next year, businesses will not be allowed to add any surcharges for card payments. The worst offenders currently are airlines and food delivery apps, and small businesses which typically add a fee for cards.