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MercoPress, en Español

Montevideo, December 3rd 2024 - 17:14 UTC

Economy

  • Friday, September 27th 2024 - 14:50 UTC

    More than half of Argentines have fallen into poverty

    “Argentina has been torn to pieces and rebuilding it takes time,” Adorni also mentioned

    According to a report from the National Institute of Statistics and Census (Indec), released Thursday, poverty in Argentina rose to 52.9% in the first half of 2024, affecting nearly around 25 million people, while indigence stood at 18.1% (8.5 million). These figures represented a significant setback from the 41.7% (19.5 million people) poverty rate from the second half of 2023. The Indigence Index measures people whose income is not even enough to buy the minimum amount of food for subsistence.

  • Thursday, September 26th 2024 - 13:51 UTC

    Voepass announces major board reshuffle after Aug. 9 crash

    The company's CEO will also take over as Chief Operations Officer (COO)

    Brazilian carrier Voepass Wednesday announced a major Board of Directors reshuffle in the aftermath of the Aug. 9 accident of an ATR-72 aircraft flying in from Cascavel crashed in Vinhedo while approaching Sao Paulo's Guarulhos Airport. All 62 occupants of the aircraft were killed. Among those resigning were the heads of the maintenance (Eric Cônsoli), operations (Marcel Moura), and operational safety (David Faria) department,s and their replacements have already been chosen but are awaiting the National Civil Aviation Agency's (ANAC) nod.

  • Thursday, September 26th 2024 - 10:53 UTC

    Argentina's economy keeps falling, Indec report shows

    Despite overall negative results, Agriculture, Livestock, Hunting, and Forestry showed a 23.6% increase

    Argentina's National Institute of Statistics and Census (Indec) Wednesday released a report showing that the economic activity in the South American country fell by 1.3% year-on-year in July.

  • Thursday, September 26th 2024 - 10:34 UTC

    Slight increase in Uruguay's unemployment reported

    Uruguay created more jobs but even more people were looking for work, the INE found. Photo: Sebastián Astorga

    According to a report from Uruguay's National Statistics Institute (INE) released in Montevideo Wednesday, unemployment in the South American country stood at 8.4% of the economically active population in August, which represented a slight setback from July's 8.3%.

  • Wednesday, September 25th 2024 - 15:02 UTC

    Paraguay ambitious project to increase exports to UK

    Paraguay’s main exports to UK are soybean-meal cakes for animal feed, 76.8% of the total, followed by charcoal (8.2%), veneer (4%), rice (3.4%), and other products

    Mercosur partner Paraguay, with a most disfavorable trade balance with UK is planning an ambitious project to enable the country in a few years reach an export bill of some US$ 900 million annually.

  • Wednesday, September 25th 2024 - 14:46 UTC

    Falklands: Consultation on National Minimum Wage accommodation regulation

    Falklands Secretariat, HQ of the Islands government administration offices

    Following approval at Executive Council on Tuesday 27 August, the Falkland Islands Government is holding a public consultation from this week to Tuesday 22 October 2024, on the Minimum Wage Accommodation offset rate.

  • Wednesday, September 25th 2024 - 11:56 UTC

    Argentina to no longer remain neutral, Milei tells UN

    The UN lost “credibility with the citizens of the free world,” Milei said in New York

    Argentine President Javier Milei Tuesday told the United Nations General Assembly in New York that his country would be dropping its traditional neutrality and taking sides in ongoing conflicts. He also said the global organization was seeking to “impose an ideological agenda” instead of “pursuing peace” in the world by allowing “bloody dictatorships” in.

  • Monday, September 23rd 2024 - 13:47 UTC

    French shipping giants to buy over Brazilian port of Santos' container terminal

    Tecon Santos is the largest container terminal in Brazil and one of the largest in Latin America

    Brazil's Opportunity investment group reached an understanding with French giants CMA CGM for the sale of its stake in the Brazilian Port Terminal of Santos (STBP3), it was announced late Sunday.

  • Monday, September 23rd 2024 - 08:31 UTC

    Falklands Pound among the ten world oldest currencies still circulating

    A Falklands coin with the crest of the Overseas Territory, in circulation since 1833

    The Falkland Islands pound is listed among the top ten oldest currencies still circulating in the world with the pound Sterling leading the ranking, having taken off back in the Middle Ages sometime in the 800s, according to the World of Statistics.

  • Saturday, September 21st 2024 - 10:31 UTC

    Buenos Aires holds talks with Gol regarding Aerolineas Argentinas' future

    Francos insisted pilots' union leader Biró never gets tired of hurting Argentines

    Argentina's Cabinet Chief Guillermo Francos and Economy Minister Luis Toto Caputo met Friday with representatives from the Brazilian airline Gol to discuss the possible handover of Aerolíneas Argentinas operations amid threats of additional strikes by pilots and cabin crewmembers. Earlier this month, some 37,000 travelers were affected by the protests seeking wage increases to cope with inflation.