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Montevideo, July 5th 2025 - 01:31 UTC

International

  • Friday, July 10th 2015 - 07:51 UTC

    In a world of high debts, ”we have to be ready for episodes like this (Greece)” says IMF

    Blanchard said Greece is a small part of the world economy and its possible exit from the Euro zone should have limited impact on the rest of the world

    The International Monetary Fund on Thursday said it seemed Greece's crisis and market volatility in China would not affect when the US Federal Reserve chooses to raise interest rates. However earlier in the week the IMF suggested United States delays raising interest rates, warning that economic growth could be “significantly debilitated” by a soaring greenback.

  • Friday, July 10th 2015 - 07:21 UTC

    Francis blasts consumerism and tells a million crowd “no one has to be discarded”

    Society cannot ignore people, the pope said, “no matter how little they possess or seem capable of contributing.”

    Pope Francis, a champion of the poor and social justice, on Thursday called on a million faithful to reject today's consumer society, at an open-air mass in Bolivia. On the second stop of his three-nation tour of South America, the pope addressed the throng in the vast Christ the Redeemer Plaza in Santa Cruz, including many people who camped out overnight to see him.

  • Friday, July 10th 2015 - 07:08 UTC

    China becomes main importer of Uruguayan and Argentine frozen beef

    Data revealed that China’s consumption of frozen Argentine beef has boomed in recent months, with the Asian giant receiving 35.2% of total exports.

    China has become the largest importer of frozen Argentine beef, according to the latest data released by the Industry and Trade of Meat and Meat Produce Association (CICCRA). However these figures are far from neighboring Uruguay which in four months shipped to China almost 50.000 tons, that has become the country's leading market.

  • Friday, July 10th 2015 - 07:00 UTC

    Putin announces BRICS development bank and currency reserve pool

    “The New Development Bank will be financing large-scale transport and energy projects and industrial development,” Putin said after talks with BRICS leaders

    Russian President Vladimir Putin said on Thursday that a new BRICS bank would become fully operational and finance energy projects next year as emerging markets attempt to challenge the Western-dominated financial system. BRICS nations -- Brazil, Russia, India, China and South Africa -- which represent 40% of the world's population, agreed in 2013 to establish their own development bank, with estimated capital of $100 billion.

  • Thursday, July 9th 2015 - 06:51 UTC

    Francis in Bolivia greeted as a 'brother' with 'a message of hope and liberation'

    Francis welcomed the “important steps” Morales' government had made “to include wide sectors in the country's economic, social and political life.”

    Pope Francis greeted Bolivia with a message of inclusion, a central theme of his three-nation tour to his home continent, as he arrived in South America's poorest nation. Landing in La Paz early in the evening, thousands of faithful -- many of whom had spent a chilly night outdoors waiting for him -- welcomed the pope as choirs sang in the indigenous Aymara language.

  • Thursday, July 9th 2015 - 06:29 UTC

    Brics summit takes off in Russia with an agenda full of economic and political issues

    Putin met with Brazilian president Rousseff in the sidelines of the summit. Brazil is interested in funding for an ambitious railway infrastructure project

    Russian President Vladimir Putin met on Wednesday with his Brazilian counterpart, Dilma Rousseff at the Siberian city of Ufa, where the Brics group summit is taking place. Previously, Putin had met with president Xi Jinping (China); Jacob Zuma (South Africa) and Indian Prime Minister Narendra Modi, the five countries that make up the group.

  • Thursday, July 9th 2015 - 06:10 UTC

    Greek banks to remain closed until next Monday as ECB caps funding

    If “there is no more political accord in sight for a program, then our rules force us to stop completely,” said ECB member Christian Noyer

    The European Central Bank capped the amount of emergency funding it is providing to the Greek banking sector at €88.6 billion on Wednesday, in a sign that the central bank is awaiting the outcome of this weekend’s crunch talks on Greece before deciding whether to extend a further financial lifeline to the indebted country.

  • Thursday, July 9th 2015 - 05:58 UTC

    China markets' volatility slide spreading to the rest of Asia

    The benchmark Shanghai Composite was down 3.6% to 3,380.31 points despite aggressive measures by regulators

    Mainland Chinese shares continued to head lower on Thursday, leading the rest of Asia down as concerns over the market's steep slide spread. The benchmark Shanghai Composite was down 3.6% to 3,380.31 points despite aggressive measures by regulators such as banning big investors from selling stocks to boost the flagging market.

  • Thursday, July 9th 2015 - 03:33 UTC

    All United Airlines grounded for almost two hours because of computer problems

    ”We are restoring regular flight operations, but some customers may experience residual delays (Wednesday),” United said in an afternoon statement.

    All United Airlines flights were grounded for almost two hours early Wednesday due to a computer hardware problem, creating travel headaches for tens of thousands of passengers that stretched into the afternoon. United said 800 flights had been delayed, with four flights canceled on its main carrier and 55 on its regional partners. A similar situation happened on 2 June when United flights were also grounded due to “automation issues.”

  • Thursday, July 9th 2015 - 02:55 UTC

    Italy's MSC Cruises with 'Opera' becomes first major line to homeport in Cuba

    The first MSC cruise will depart from Havana following MSC Opera’s Grand Voyage from Genoa to Cuba.

    Italian owned MSC Cruises will be the first major cruise line to homeport in Cuba, with the 2,120-passenger MSC Opera embarking on week-long cruises from Havana starting December 22, reports Travel Weekly.