International

Friday, November 18th 2022 - 09:23 UTC
UK in recession; Autumn plan anticipates £30 billion in spending cuts and £25 billion in tax hikes.

Chancellor of the Exchequer Jeremy Hunt announced on Thursday a £55 billion fiscal plan with £30 billion in spending cuts and £25 billion in tax hikes. The measures which anticipate a cold winter and long recession in the UK, included an extra two-year freeze on income tax thresholds and a lowering of the top rate of income tax to £125,140
Friday, November 18th 2022 - 09:00 UTC
UN Chief says enough rhetoric regarding gas emissions

UN Secretary-General António Guterres Thursday urged world governments to move on from rhetoric to action while pursuing an “ambitious” deal to preserve the environment. The Portuguese diplomat's remarks came during the COP27 Climate Summit at the Egyptian resort of Sharm El Sheikh.
Thursday, November 17th 2022 - 18:51 UTC
Shares of Uruguayan unicorn plummet after rumors of fraud

Shares of the first and only Uruguayan unicorn dLocal, a company that debuted on Wall Street in June 2021 fell up to 43% this from $21 to $10 a piece Wednesday after rumors of fraud went public.
Thursday, November 17th 2022 - 10:34 UTC
Chile pressured to take sides in USA-China feud

Chile's President Gabriel Boric Font said Thursday in Bangkok, Thailand, that his administration had been pressured “to say which side we are on” in the escalating tension between China and the United States which is focused mainly on the issue of Taiwan.
Thursday, November 17th 2022 - 10:20 UTC
China/Canada incident in Bali: Xi “reprimands” PM Justin Trudeau

An ill tempered Chinese President Xi Jinping reprimanded on Wednesday Canadian Prime Minister Justin Trudeau allegedly over media leaks of the two leaders' meeting, during an encounter on the sidelines of the G20 summit in Indonesia.
Thursday, November 17th 2022 - 10:18 UTC
Lula wants to host COP30, announces Ministry of Indigenous People

Brazil's President-elect Luiz Inácio Lula da Silva announced during his appearance at the Egyptian resort of Sharm El-Sheikh, that he will create a ministry of native peoples so that indigenous people “are not treated as bandits.”
Thursday, November 17th 2022 - 10:09 UTC
High demand makes Iberia increase Madrid-Montevideo frequency sooner than planned

Spanish airline Iberia announced this week that it will be increasing its services from Madrid to Montevideo effective Jan. 1, 2023, due to the high ticket demand that had led company directors to speed up a plan that was originally scheduled for June.
Thursday, November 17th 2022 - 10:00 UTC
UK's double shock, highest inflation in 41 years and a draconian Autumn budget

Chancellor of the Exchequer Jeremy Hunt will unveil this Thursday before Parliament his long-awaited Autumn budget statement, having anticipated to the UK population that “we will be asking everyone for sacrifices.”
Thursday, November 17th 2022 - 10:00 UTC
Considerable container freight rate decline from Asia to Eastern South America

The latest S&P Global Monday release on Platts Americas Container Freight shows that non-Asian export cargo bound for the East Coast of South America saw the greatest freight rate decline, dropping 51.9%, or US$ 2,700, throughout the week, to settle at US$ 2,500/FEU.
Thursday, November 17th 2022 - 09:50 UTC
Five more Type 26 frigates for the Royal Navy: HMS Glasgow to be delivered in mid 2020s

Five more Type 26 frigates will be built for the Royal Navy, the Prime Minister has announced. Defense manufacturer BAE Systems has been awarded a £4.2 billion contract to build the five warships, on top of the three already under construction.