Economy

Tuesday, May 21st 2024 - 20:03 UTC
One passenger killed and 30 injured as Singapore Airlines flight hits heavy turbulence

A British national died and 30 other people were injured when a Singapore Airlines flight home from London's Heathrow Airport hit “heavy turbulence” forcing an emergency landing in Bangkok, Thailand. “We confirm that there were injuries and one fatality on board the Boeing 777-300ER. In total, there were 211 passengers and 18 crew on board,” the airline said on Facebook.
Tuesday, May 21st 2024 - 12:25 UTC
Brexit and UK's rising costs of implementing customs to EU imports

The UK voted to leave the European Union in 2016 but remained in the bloc's single market and customs union until 2021. When UK withdrew from the EU customs union a new RU/UK Trade Cooperation Agreement (TCA) went into effect.
Tuesday, May 21st 2024 - 10:59 UTC
Rio Grande do Sul still far from recovering from floods

Brazilian authorities have released a new report updating the number of casualties in the storm-hit State of Rio Grande do Sul to 157 with 88 people still missing and some 650,000 others displaced.
Tuesday, May 21st 2024 - 10:50 UTC
France and Germany split over the EU–Mercosur trade pact

By Oliver Pieper - The free trade deal between the European Union and the South American trade bloc Mercosur could become the world's largest agreement, involving a market of a total of 780 million people. But in late March, French President Emmanuel Macron not only described it as “a very bad agreement,” he even suggested it should be “left behind” and called for “a new agreement.”
Monday, May 20th 2024 - 10:45 UTC
Wars and climate change to blame for slowdown in world commerce, UN official says

A high-ranking United Nations (UN) official warned last week that worldwide commerce was threatened by climate change and wars such as the ongoing conflict in Gaza.
Saturday, May 18th 2024 - 10:57 UTC
Wages keep losing purchase power in Argentina, study finds

According to a study released Friday in Buenos Airers by the Research and Training Center of the Argentine Republic (Cifra), formal wages took a slump of nearly 15% in the last semester, particularly after the Dec. 13 118.3% devaluation of the local currency once Javier Milei took office as president.
Saturday, May 18th 2024 - 10:35 UTC
Two more Uruguayan meatpacking plants cleared for shipments to China

Chinese authorities have authorized additional Uruguayan slaughterhouses to ship beef and horsemeat from plants in Florida and Canelones to that country, Agriculture and Livestock Minister Fernando Mattos confirmed Friday.
Friday, May 17th 2024 - 20:18 UTC
Milei lands in Madrid, praises his administration's achievements

Argentine President Javier Milei landed Friday in Madrid after a refueling stopover in the Canary Islands, for a series of engagements, none including a member of the Spanish government or the royal house. Also aboard the ARG 01 aircraft was Presidential Secretary Karina Milei.
Friday, May 17th 2024 - 11:59 UTC
Argentina's industrial activity keeps dropping

Despite victorious announcements from President Javier Milei's government, industrial activity in Argentina fell for the tenth consecutive month amid a growing loss of purchasing power. Interannually, a 17.2% drop was recorded after March's 4.7% decline. In addition, the first quarter of 2024 showed a year-on-year 11.7% slide.
Thursday, May 16th 2024 - 19:34 UTC
Uruguayan aviation looking ahead at promising developments

Uruguayan authorities have reached an agreement with the company managing Montevideo's Carrasco International Airport for the installation of state-of-the-art navigation equipment which would make landings safer even under foggy weather.