Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, March 7th 2025 - 02:30 UTC

International

  • Monday, April 3rd 2023 - 09:42 UTC

    OPEC+ countries announce cut in output to keep price stable

    Oil prices fell to 15-month lows in response to the banking crisis

    Oil-producing countries grouped under OPEC+ Sunday announced a voluntary cut in crude output of around 1.15 million barrels per day (bpd) in addition to a 2-million reduction agreed upon in October to boost prices, it was reported. The measure will come into effect in May and last until the end of this year.

  • Monday, April 3rd 2023 - 09:24 UTC

    China and Brazil reach accord to trade with their own currencies, avoiding the US dollar

    At the end of January, the central banks of China and Brazil signed a memorandum that established a “clearing house” in Brazil

    China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as a common currency, the Brazilian government said on Wednesday, March 29. China has become Brazil's main trading partner.

  • Monday, April 3rd 2023 - 09:06 UTC

    EU should reconsider electric cars-only plans: not enough lithium

    If implemented as planned, the initiative would make the price of lithium skyrocket and, even then, there might not be enough mineral available

    Europe's plans to ban all fossil fuel-powered vehicles by 2035 might be thwarted by the world's lithium supply not being large enough, according to a Financial Times report published Sunday. If the European Union is to switch to electric cars, demand for lithium will skyrocket and there would not be as much supply, the article noted.

  • Sunday, April 2nd 2023 - 19:44 UTC

    Malvinas Veterans, Fallen and Families Day

    Miguel Angel Pichetto, Argentina's National Auditor

    April 2nd is a special date in the calendar of Argentine events, the country renders homage to the Malvinas Veterans, Fallen, and Families of mostly thousands of raw Conscripts sent by the military Junta 41 years ago, in 1982 to invade and occupy the Falkland Islands. Argentina has been claiming sovereignty over the Falklands, alleging inheritance from once the Spanish empire, and later Argentine governments extended their demand to include “South Atlantic Islands and surrounding maritime spaces”.

  • Sunday, April 2nd 2023 - 14:30 UTC

    Applications for ocean floor mining opened, but no mining code yet approved

    Undersea mining will be conducted to extract key battery materials, cobalt, copper, nickel, and manganese — from potato-sized rocks called “poly-metallic nodules”.

    Following two weeks of negotiations, the United Nations International Seabed Authority has decided that it will start taking permit applications in July from companies that want to mine the ocean's floor.

  • Sunday, April 2nd 2023 - 11:43 UTC

    Dilma Rousseff elected head of BRICS New Development Bank seated in Shanghai

    Former Brazilian President Dilma Rousseff was “unanimously” elected as the head of the New Development Bank (NDB), a multilateral financial institution set up by the BRICS (Brazil, Russia, India, China, and South Africa) countries. Rousseff, 75, succeeds her fellow Brazilian Marcos Troyjo, at the Shanghai-headquartered bank.

  • Sunday, April 2nd 2023 - 11:27 UTC

    Russia takes over the rotating UN Security Council presidency

    Moscow will however not sponsor from the UN any action regarding Russia's war with Ukraine

    Russia took over the United Nations Security Council rotating presidency on Saturday promising to act as an honest broker, Moscow's First Deputy Permanent Representative to the UN Dmitry Polyansky said on Telegram. He added that all attempts to provoke Russia are doomed to fail. “Unlike our former Western partners, we play fair in the international arena and we do not promote double standards,” he added.

  • Sunday, April 2nd 2023 - 10:09 UTC

    UK strikes deal to join major free trade bloc in Asia-Pacific, including Chile, Peru and Mexico

    CPTPP membership will complement and reinforce existing bilateral trade agreements UK have already signed, including those with Chile, Mexico and Peru.

    The UK announced on 31 March the conclusion of trade talks with member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a vast free trade area spanning the Asia-Pacific, after 21 months of negotiations. The bloc is home to over 500 million people and will have a total GDP of £11 trillion once the UK joins.

  • Saturday, April 1st 2023 - 10:39 UTC

    IMF okays US$ 5.4 bn disbursement for Argentina

    ”The Board decision makes possible an immediate disbursement of US$ 5.4 billion (SDR 4 billion), bringing total disbursements under the agreement to about US$ 28.9 billion,” the IMF said.

    The International Monetary Fund (IMF)'s Executive Board Friday approved the fourth review of last year's Extended Facilities Program with Argentina, after which a US$ 5.4 billion disbursement for the South American country was cleared to proceed, it was reported in Washington DC.

  • Saturday, April 1st 2023 - 10:25 UTC

    Lukashenko fears nuclear war, calls for a truce in Ukraine

    “If Russia and Europe unite, it will be a powerhouse no one can beat,” Lukashenko suggested

    Belarusian President Alexandr Lukashenko Friday called for a truce in Ukraine “without preconditions” during which time neither Moscow nor Kyiv would be allowed to regroup troops or move equipment.