International

• Tuesday, October 12th 2021 - 14:54 UTC

  Tata Group takes over Air India for US$ 2,4 billion; airline returns to its original founders

  

  The Tata Group is taking over India's flag carrier Air India, following an agreement to pay US$ 2,4 billion. The airline has been losing money at the rate of a billion dollars since 2009, and under the deal Tata will only pay a quarter of the company's total debt.

• Tuesday, October 12th 2021 - 09:32 UTC

  Uruguay: IMF recommends addressing skill-mismatch between the labour force and new jobs

  

  Last week we published an IMF preliminary statement on the situation of the Uruguayan economy in which it praised the government's handling of the pandemic underlining Uruguay's solid institutions, well-functioning democracy and a high degree of social cohesion.

• Tuesday, October 12th 2021 - 09:20 UTC

  IMF Board reaffirms full confidence in Managing Director Georgieva Kristalina

  

  The IMF Executive Board on Monday concluded its review of the matter raised by WilmerHale’s investigation of the World Bank’s Doing Business 2018 report.

• Tuesday, October 12th 2021 - 09:00 UTC

  Southwest Airlines cancels 2,000 flights, blames weather, ATC

  

  US carrier Southwest Airlines cancelled a large number of flights over the weekend citing weather conditions and air traffic control (ATC) disruptions. Both company and pilot unions denied the events were related to mandatory COVID-19 vaccinations.

• Tuesday, October 12th 2021 - 08:48 UTC

  Uruguayan authorities halt second beef shipment to China which failed to meet quality standards

  

  Uruguay's Agriculture and Livestock Minister Fernando Mattos explained during the weekend that in addition to a batch of Uruguayan beef turned down by China at the port of destination for containing excessive amounts of fat, a similar case had been detected in the port of Montevideo, which was ready to be shipped.

• Monday, October 11th 2021 - 21:40 UTC

  European Union presses for worldwide suppression of the death penalty

  

  The European Union (EU) has insisted governments should move forward with abolishing the death penalty worldwide.

• Monday, October 11th 2021 - 19:39 UTC

  Argentine keeps negotiating with IMF despite rejection to cutting down surcharges

  

  The International Monetary Fund (IMF) has turned down a request from the Argentine Government to discuss a reduction in surcharges, it was announced Monday.

• Monday, October 11th 2021 - 19:16 UTC

  Nobel Economic 2021 Prize goes to US-based trio

  

  David Card, Joshua D Angrist, and Guido W. Imbens have been awarded the Nobel Prize in Economics Monday for their research “drawing conclusions from unexpected experiments” applied to labor market analysis.

• Monday, October 11th 2021 - 07:37 UTC

  UK eyes Gulf countries for FTA following Brexit

  

  After leaving the European Union, the United Kingdom is out looking for new business associates and countries in the Persian Gulf seem to be the answer.

• Sunday, October 10th 2021 - 19:41 UTC

  US will not release strategic reserve and Brent oil climbs to US$ 83 the barrel

  

  By Julianne Geiger for Oilprice.com - The Unite States Department of Energy is walking back previous comments that it was considering a release of the Strategic Petroleum Reserve and a ban on crude oil exports, Bloomberg’s Javier Blas reported on Twitter.