Skip to content

News · Business & Finance · United States

Ousted Paraguay president under house arrest after banking crisis leaves 60% of country unable to access accounts

Source: The Guardian

Image: The Guardian

Santiago Peña was detained minutes after he was impeached by Congress, as protesters took to the streets demanding answers after the suspension of the Ueno bank Paraguay’s rightwing president has been placed under house arrest minutes after he was impeached by Congress, amid a severe crisis that left more than half the country’s population unable to access their bank accounts. Santiago Peña is being investigated…

This is a short summary of a report by a third-party publisher. Newsline Press did not produce the original reporting.

Read the full story at The Guardian

Original publisher: The Guardian

This story concerns a sensitive subject. Details are as reported by the named publisher and may develop.

This content is for information only and is not investment advice. See our disclaimers.

Spotted an error? Request a correction · Corrections Policy

Related stories

Business · United Kingdom

UK car industry to press EU for two-year delay to Brexit EV tariffs

‘Rules of origin’ on vehicle batteries due to come into force on 1 January if deal on new delay is not reached Business live – latest updates The UK car industry is preparing to push for a two-year delay to Brexit tariffs on electric cars traded with the EU, after an initial European proposal suggested a shorter delay. Tariffs are due to kick in on 1 January for the majority of electric cars traded between the EU…

The Guardian ·

Business · Europe

Paraguayans get some savings back after banking collapse disrupted economy

Paraguay's Central Bank said Wednesday, November 11, it had partially returned savings to all eligible Ueno Bank depositors locked out of their accounts when it collapsed last week. The digital bank's takeover on November 3 triggered massive protests across Paraguay and led to the impeachment and arrest of ex-president Santiago Pena, who is linked to Ueno.

France 24 ·

Business · Asia-Pacific

‘Tourists hate themselves’ – which is why Tasmania is telling them to stay away

Island state declares it ‘is not really for tourists’ – but is the marketing strategy just a cheeky piece of reverse psychology? Get our breaking news email , free app or daily news podcast Research shows “tourists hate themselves” – which is exactly why the marketing flacks at Tourism Tasmania are telling them to stay away from the island state. Its new campaign declares the island state is “not really for…

The Guardian ·