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MercoPress, en Español

Montevideo, October 23rd 2026 - 11:07 UTC

Economy

  • Tuesday, June 6th 2017 - 08:05 UTC

    UN opens conference on the health of the world's oceans and seas

    “Improving the health of our oceans is a test for multilateralism, and we cannot afford to fail,” said Guterres during his first major UN conference

    Opening a “game-changing” international conference on the health of the world’s oceans and seas, top United Nations officials urged on Monday coordinated global action to protect the planet. Speaking in the UN General Assembly Hall, Secretary-General Antonio Guterres cautioned Governments that unless they overcome short-term territorial and resource interests, the state of the oceans will continue to deteriorate.

  • Tuesday, June 6th 2017 - 07:33 UTC

    “Pink slime” trial: beef plant demanding US$ 5.7bn from ABC for “fake news”

    BPI says ABC's “disinformation campaign” caused the meat processer's revenues to drop by 80%. They are suing ABC for up to US$5.7bn in damages.

    A trial has begun in South Dakota over a meat processer's claim that it was defamed by ABC News reporting that dubbed its product “pink slime”. Beef Products Inc (BPI) argues ABC and its journalist ruined its reputation in 2012 reports on “lean finely textured beef”, as the industry calls it.

  • Tuesday, June 6th 2017 - 06:54 UTC

    British Airways says “human error” led to travel chaos for 75.000 passengers

    Willie Walsh, CEO IAG said an engineer disconnected a power supply, with the major damage caused by a surge when it was reconnected.

    The boss of British Airways' parent company says that human error caused an IT meltdown that led to travel chaos for 75,000 passengers. Willie Walsh. chief executive of IAG, said an engineer disconnected a power supply, with the major damage caused by a surge when it was reconnected. He said there would now be an independent investigation “to learn from the experience”.

  • Monday, June 5th 2017 - 22:49 UTC

    Beer sales falling worldwide; wine relatively flat and spirits up 0.3%

    UK gin makers could be boosted as the so-called gin revival continued, with sales of the iconic British tipple up 3.7% globally.

    People are drinking fewer alcoholic drinks, according to a new industry report tracking consumption worldwide. Beer sales continued to slide last year and the trend towards cider sipping stalled.

  • Sunday, June 4th 2017 - 13:17 UTC

    Argentina inaugurates Tierra del Fuego offshore gas deposit which provides 8% of the country's demand

    “Vega Pléyade supplies between 7.5% and 8% of Argentina's total consumption of gas”, said Energy and Mining minister Juan Jose Aranguren

    Argentina formally inaugurated the Vega Pleyade gas and condensate deposit off the coast of Tierra del Fuego considered the most austral of its kind in the world, and which has been supplying the country with nine million cubic meters daily since February 2016. The well is operated by French Total (37.5%) together with Wintershall Energy (37.5%) and Panamerican South (25%), demanded an investment of 1.1bn dollars over three years.

  • Sunday, June 4th 2017 - 12:51 UTC

    US unemployment down to 4.3% in May, but fewer jobs were added

    Payrolls increased by just 138,000. Economists had expected growth of more than 180,000. Official job creation figures for March and April were also revised down.

    United States employers added fewer jobs than expected in May, but the unemployment rate dipped further as the economy headed toward full employment. The unemployment rate last month was 4.3%, falling a 10th of a percentage point to its lowest level since 2001, the US Labor Department said on Friday.

  • Sunday, June 4th 2017 - 12:07 UTC

    Brazil record trade surplus and industrial production up 0.6% in April

    Exports boosted by a record soy crop and rising auto sales reached US$ 19.8bn and imports US$ 12.2bn

    Encouraging news for Brazil's economic recovery: industrial output increased in April for the first time since December and the trade surplus rose to a record US$ 7.661bn during May, according to government data. Exports boosted by a record soy crop and rising auto sales reached US$ 19.8bn and imports US$ 12.2bn

  • Saturday, June 3rd 2017 - 11:59 UTC

    Nomura Securities admits having purchased Venezuelan government bonds

    The bonds at the centre of the controversy were originally issued by Petroleos de Venezuela (PDVSA), the state-run oil and natural gas company, in 2014.

    Japanese investment bank has admitted it was part of a controversial deal with Goldman Sachs to buy Venezuelan government bonds. Nomura Securities said it also bought about US$100m worth of the bonds last week, according to Reuters reports. Goldman Sachs has faced fierce criticism for its purchase of $2.8bn worth of similar bonds.

  • Saturday, June 3rd 2017 - 07:45 UTC

    Falkland Islands Budget highlights for 2017-2018: spending within means and no borrowing

    Falkland Islands Governement - Secretariat building

    The Falkland Islands government has announced highlights of its Budget for 2017/18, approved by the Legislative Assembly and which becomes effective on first July 2017 and will end on the 30th June 2018.

  • Friday, June 2nd 2017 - 08:15 UTC

    Relief for Temer: Brazilian economy grew 1% in first quarter of the year

    Temer, who faces a probe into alleged corruption and plotting to silence a witness, is staking his bid to retain power on Brazil's tepid comeback.

    Brazil's economy grew by one percent in the first quarter of 2017, ending eight consecutive quarters of shrinkage in the country's worst recession in history, the state statistics office said Thursday. While not definitively ending the recession, the spike in growth offers another glimmer of light for Latin America's biggest economy -- and could throw a lifeline to President Michel Temer as he tries to fend off a huge corruption scandal.