Stories for May 2024

Thursday, May 2nd 2024 - 19:39 UTC
Argentina's BCRA again lowers basic interest rates in less than one week

Argentina's Central Bank (BCRA) once again lowered the benchmark interest rate from 60% to 50%. It was the fifth cutdown since the Libertarian administration of President Javier Milei took office in December last year. Thus, yields from fixed-term deposits will fall monthly from the current 5% per month to 4.2% for an annual effective rate of 64.8%.
Thursday, May 2nd 2024 - 19:11 UTC
Argentina: Drop in retail prices expected soon

In line with President Javier Milei's chainsaw politics to curb inflation, Argentine supermarkets expect a drop in retail prices shortly once imported items arrive to compete with local production as agreed upon with the Economy Ministry in March, it was reported in Buenos Aires.
Thursday, May 2nd 2024 - 10:24 UTC
Dengue fever causes over 2,000 deaths so far this year in Brazil

Dengue fever has killed over 2,000 people in Brazil while almost 4.2 million cases of the malady have been confirmed this year in South America's largest country. The incidence rate of the disease is 2,056.9 cases per 100,000 inhabitants.
Thursday, May 2nd 2024 - 10:16 UTC
Colombia breaks up with Israel over Gaza deployment

Colombian President Gustavo Petro Wednesday announced that his country would be severing diplomatic ties with Israel as of Thursday over the latter's military deployment in Gaza at the behest of its “genocidal” head of government. Petro also insisted that “if Palestine dies, humanity dies.”
Thursday, May 2nd 2024 - 10:04 UTC
Petrobras hits new environmental achievement

Brazil's state-run Petrobras oil company announced this week a 41% reduction in carbon dioxide (CO2) emissions between 2015 and 2023, Agencia Brasil reported. The result was “exceptional,” said Petrobras' Energy Transition and Sustainability Director Maurício Tolmasquim.
Thursday, May 2nd 2024 - 06:38 UTC
Falklands upgrades compensation for redundancy/unfair dismissal

The Falkland Islands Executive Council (ExCo) agreed on Tuesday 23 April, legislation updates have been approved for the Employment Protection Ordinance, specifically on compensation for redundancy/unfair dismissal.
Thursday, May 2nd 2024 - 06:18 UTC
Iconic war Aircraft to be exhibited at the Falkland Islands Museum & National Trust

The Falkland Islands Museum & National Trust is delighted to announce the impending arrival of two additional aircraft for exhibition. Currently located at Marchwood, these aircraft are scheduled to arrive in the Falklands in early June 2024, with plans for their transportation to Stanley on or around June 14th, Liberation Day, weather permitting.
Thursday, May 2nd 2024 - 06:02 UTC
Uruguay's UN human rights test: high standard record, strong media freedom and freedom of expression

The United Kingdom's Permanent Representative to the WTO and the UN in Geneva, Simon Manley, CMG, delivered on May first a statement at Uruguay's Universal Periodic Review at the Human Rights Council.
Thursday, May 2nd 2024 - 05:47 UTC
“Stop the boats” policy, First volunteer asylum seeker off to Rwanda

British media is reporting that the UK has sent its first asylum-seeker to Rwanda under a voluntary scheme, just a week after the UK government adopted a controversial law allowing irregular migrants to be deported to the East African nation.
Thursday, May 2nd 2024 - 05:15 UTC
Maritime traffic partially restored with temporary corridors at port of Baltimore

CBS News is reporting that the port of Baltimore, in Maryland has seen the arrival of a first container ship since the tragic collision and collapse of the Francis Scott Key bridge in March, with the loss of six lives.