Uruguay Financial News

Mexican regulators have ordered online retailers Amazon and Mercado Libre to reveal their algorithms, and wall off TV streaming to avoid stifling competition

Xi Jinping upgraded diplomatic ties with a record number of countries last year as he seeks to rally the Global South to help reshape the US-led world order. Beijing elevated the way it described ties with 17 countries and territories, most of them from the developing world, according to a Bloomberg analysis of statements issued by the foreign ministry. That’s a pace not seen during Xi’s first decade in office.

organisations have so far confirmed to be partners for the upcoming Vibrant Gujarat Global Summit (VGGS) 2024, the state government said on Saturday. The 10th edition of VGGS, based on the 'Gateway to the Future' theme, will be organised in Gandhinagar from January 10 to 12.

Four investment banks have announced during a meeting of leaders of trade bloc Mercosur they will put $10 billion for infrastructure works aiming to better connect South America

The heads of state from South America’s Mercosur trade bloc are in Rio de Janeiro for a meeting that is expected to disappoint members hoping to finalize a deal with the European Union

By Joe Cash

Lionel Messi's Argentina will take on Neymar's Brazil as South American football giants are going head-to-head in World Cup 2026 qualifier match. While, Argentina top the CONMEBOL Table with 12 points from five matches, Brazil are at fifth place with seven points from five games. Uruguay, Colombia, Venezuela are sitting above Brazil. Messi's Argentina is the reigning world champion and overall it won the coveted trophy thrice. Brazil is the most successful team in the World Cup history with five titles.

Uruguay orchestrated a historic night at Argentina's iconic La Bombonera, securing a 2-0 victory over their neighbors, marking their first win in Argentina since 1937. This victory, along with a recent victory over Brazil, has propelled Uruguay to within two points of Argentina in the World Cup qualifying standings, defying expectations in South America's competitive football landscape. Marcelo Bielsa, in only his fifth match as manager, displayed a uniquely Uruguayan version of his trademark coaching philosophy.

Tether is planning a large-scale expansion into Bitcoin (BTC) mining, according to Paolo Ardoino, who is expected to take the helm at the company soon. 

Tether, the company behind the world’s largest stablecoin USDT, aims to invest half a billion dollars to become one of the world’s leading Bitcoin miners. 

Efforts to create a landmark treaty to end global plastic pollution are advancing at a meeting where participants are discussing the treaty's draft language for the first time

China is owed more than a trillion dollars through its Belt and Road project, making it the biggest debt collector in the world, a report said this week, with an estimated 80 percent of the loans supporting countries in financial distress. Beijing says upwards of 150 countries stretching from Uruguay to Sri Lanka have signed up to the BRI, a vast global infrastructure push unveiled by President Xi Jinping a decade ago. The first decade of the initiative saw China distribute huge loans to fund the construction of bridges, ports and highways in low and middle-income countries. But much more than half of those loans have now entered their principal repayment period, said a report released Monday by AidData, a research institute tracking development finance at Virginia's College of William and Mary. That figure is set to hit 75 percent by the end of the decade, it added. Crunching data compiled on Chinese financing of almost 21,000 projects across 165 countries, AidData said Beijing had now committed aid and credit «hovering around $80 billion a year» to low and middle-income nations. The United States, in contrast, has provided $60 billion to such countries a year. «Beijing is navigating an unfamiliar and uncomfortable role — as the world's largest official debt collector,» the report said.

(Reuters) — Uruguay's interior minister and two other members of the government resigned on Saturday over a case that has already prompted the foreign minister to quit, involving a passport issued to an internationally wanted drug-trafficking suspect.

President Joe Biden on Friday welcomed leaders from countries across the Americas to an economic summit by pledging to increase U.S. investment in the region in part to counter China’s influence

World Cup before the deadline closed, soccer's global governing body said on Tuesday. FIFA had invited bids from Asia and Oceania for the tournament by October 31, and Saudi Arabia announced it would bid only minutes after the announcement on October 4.

Newcastle star midfielder Sandro Tonali faces a considerable ban from football. He has been accused of illegal betting. He has joined the investigation along with Aston Villa’s Nicolo Zaniolo and Juventus’ Nicolo Fagioli in Italy. If found guilty, he could be banned for three years. He has admitted to placing a number of bets on Milan to win in games that he was involved in.

Manchester United is gearing up to face Sheffield United in the upcoming Premier League fixture this Saturday. Under the guidance of Erik ten Hag, United has faced some challenges at the beginning of the season. However, they were able to clinch a dramatic victory over Brentford just before the international break.

The system that millions of Americans rely on for their retirement income is only slightly above average and may require reform.

Argentina will play Peru in FIFA 2026 World Cup qualifying match. If Lionel Messi plays at Peru, coach Lionel Scaloni might have to remove either Julián Alvarez or Lautaro Martinez from the lineup that beat Paraguay. Argentina's captain Lionel Messi has reunited with the Albiceleste squad for the internationals scheduled for October. However, the fitness of the seven-time Ballon d'Or winner remains uncertain. The 36-year-old Inter Miami forward has been absent from four of his club's last five matches due to a scar tissue issue. As Argentina entered the international break with a perfect record of two wins in South America's World Cup qualification tournament, Peru, on the other hand, only had one point to their name. World Cup qualifier for CONMEBOL between Argentina and Peru will be played at Estadio Nacional del Perú in Lima on Tuesday. The kick-off is scheduled at 10 pm (ET) or 7 pm (ET). Argentina vs Peru World Cup qualifier for CONMEBOL game will be live streamed on Fanatiz. The next World Cup in the United States, Mexico and Canada is expanding to a 48-team format, meaning direct entry to the top six teams in South America. The seventh-place team will contest an intercontinental playoff for a berth. World Cup winner Argentina leads continental qualifying with 9 points, followed by Brazil (7), Colombia (5), Uruguay, Chile and Venezuela (4), Ecuador (3), Paraguay and Peru (1), and Bolivia (0). The fourth match day in South American qualifying also features Ecuador against Colombia, Paraguay against Bolivia and Venezuela taking on Chile.

Indonesia is in discussions with Australia about a possible joint bid to host the 2034 World Cup along with Malaysia and Singapore, the president of the country's football federation (PSSI) said on Wednesday. World football's governing body FIFA invited member associations from Asia and Oceania to bid for the rights to the 2034 edition last week. «We are discussing (a bid) with Australia,» PSSI President Erick Thohir was quoted as saying by the Sydney Morning Herald. «When I visited Malaysia and Singapore both countries expressed interest to join Indonesia and Australia.» When asked for comment on a possible joint bid, Football Australia referred Reuters to a statement last week that said it was «exploring the possibility of bidding for the 2029 FIFA Club World Cup and/or the FIFA World Cup 2034». The PSSI has not responded to a Reuters request for comment. After announcing Spain, Morocco and Portugal would host the 2030 World Cup, with Uruguay, Paraguay and Argentina staging the opening games, FIFA invited Asia and Oceania to bid for 2034. Saudi Arabia quickly announced its intention to bid for the hosting rights and FIFA have set a deadline of Oct. 31 for other interested parties to make their intentions known. With Qatar having hosted the 2022 edition, Thohir said it might be too soon for the World Cup to return to the Middle East. «We are quite strong,» he said.

France's record 96-0 win over Namibia in the Rugby World Cup 2023 was overshadowed by the massive blow they received when their captain and poster boy Antoine Dupont fractured his cheekbone. Confirming the injury, the French Rugby Federation said that Dupont remains with the squad and will see a specialist. It said in a statement that Antoine Dupont suffered a maxillo-zygomatic fracture. It added that a specialist surgical opinion had been requested to determine the exact length of his unavailability.