By R. Viswanathan (*) - Horacio Cartes of the Colorado party won the presidential elections held last Sunday in Paraguay. The Colorados had ruled the country continuously for 61 years in a one-party dictatorship until 2008 when Fernando Lugo, the leftist “Bishop of the Poor” defeated the Colorado candidate and made history.
In the midst of global economic uncertainty, Latin America has maintained steady levels of economic growth and financial resilience over the past decade. The region has a forecast of almost 4% economic growth in 2013, and it is this encouraging prospect that is the focus of the 2013 World Economic Forum on Latin America in Lima, Peru, which opened on Tuesday 23 until April 25.
Brazil’ aircraft manufacturer Embrear is again resurfacing suspicions regarding the sale of commercial planes to Aerolineas Argentinas involving several million dollars in surcharges. The company informed the US Securities and Exchange Commission, SEC, that it is investigating companies from five different countries to which it sold aircraft allegedly in transactions suspicious of irregularities.
England will play three matches on their tour to Argentina and Uruguay this coming June, announced the Rugby Union in England. Stuart Lancaster’s side will face a CONSUR XV representing the South American nations in Montevideo, Uruguay, on Sunday, June 2 (3.30pm local time, 7.30pm BST).
Spain's official population fell last year for the first time since the 1940s as immigrants fled a five-year on-and-off recession that has sent unemployment soaring. The number of residents fell by 206,000 to 47.1 million, the National Statistics Institute said on Monday.
United States, Peru and Chile among others extended their congratulations to president-elect Horacio Cartes and to the Paraguayan people for the ‘extraordinary’ Election Day last Sunday and their significant turnout in such special circumstances.
Ralph Lauren Corp. has agreed to pay 1.6 million dollars to the US Securities and Exchange Commission, SEC, after finding that its subsidiary in Argentina repeatedly bribed customs officials, federal authorities announced Monday.
Britain’s Prince Harry will take part in a race to the South Pole with a team of wounded British servicemen and women it was announced over the weekend. The 28-year-old will take on teams from the United States and the Commonwealth in the 335km Walking With The Wounded South Pole Allied Challenge in November and December this year.
President-elect Horacio Cartes said that even when some aspects of Mercosur can be improved it “would be utterly nonsense” to abandon the block since it generates many jobs in the country, attracts investment and is an opportunity to open markets.
With the intention of boosting exports to Arab nations, the Argentine and Brazilian chambers of commerce have established an Arab-South American Commerce Federation it was reported in Buenos Aires.