Donald Trump officially announced his plan Tuesday to nominate ExxonMobil CEO Rex Tillerson as secretary of state, a pick that could pose complications in the confirmation process due to Tillerson's ties to Russia. Tillerson, 64, has no government or diplomatic experience but has done extensive work overseas on behalf of his petroleum company.
The traditional British fish supper could be replaced by the likes of squid as the waters around the UK's shores grow warmer, say government scientists. Squid and other fish that thrive in warmer waters, such as sardines and anchovy, are flourishing around the North Sea, according to fisheries data. Squid are now being caught at 60% of survey stations in the North Sea, compared with 20% in the 1980s, but the likes of cod are heading north, away from British waters.
President Michel Temer, fighting for survival over corruption allegations against him and his government, is planning new measures to jump start Brazil's stalled economy, improve his dismal approval ratings and stifle calls for his resignation.
Latin American and Caribbean exports are expected to fall approximately US$50 billion, or 6%, in 2016, a lower contraction rate than the 15% observed in 2015. This relative improvement was mainly due to a rebound of commodity prices, according to a report conducted by the Inter-American Development Bank (IDB) using detailed data for 24 countries in the region. The value of total exports should reach US$850 billion in 2016.
President Mauricio Macri has approved the purchase of airplanes for the Air Force, patrol vessels for the Navy and armored vehicles and combat rifles for the Army, it was announced Monday to give the Armed Forces back some of their lost firepower, Defense Minister Julio Martínez revealed. The total purchases will surpass 40 billion pesos (2,500 million US dollars), the minister added.
Cuba and the Eurpean Union Monday signed in Brussels their first cooperation agreement, which will be from now on the legal basis of the link between the island and the 28 EU countries.
Argentina's priority as chair of Mercosur which it will officially take over this week will be to advance negotiations with the European Union for a wide ranging trade agreement which will not include Venezuela, anticipated foreign minister Susana Malcorra .
Venezuelans hastily dumped the country's 100-bolivar bill, the largest denomination, on Monday after the government said it would be pulled from circulation as the crisis-racked nation suffers what is believed to be the world's highest inflation. Populist president Nicolas Maduro said the withdrawal of the bill — worth just 2 U.S. cents on the black market — was needed to reduce contraband of the banknotes on the Venezuela-Colombia border.
The Inter-American Development Bank (IDB) has approved a US$40 million loan that will allow for bidding to begin for the Agua Negra tunnel, which will connect San Juan province in Argentina with that of Coquimbo in Chile. The tunnel is key to improving trade integration between the two countries and the rest of Mercosur through a new corridor that will connect the Atlantic and the Pacific from Porto Alegre, Brazil, west to Coquimbo, Chile.
Gary Cohn who was tapped Monday by President-elect Donald Trump to head the Gary Cohn , is second-in-command at investment banking giant Goldman Sachs, which he once hoped to lead. Cohn, 56, has worked on Wall Street since the 1990s and is one the firm’s best known public faces. He makes frequent television appearances to talk about the health of financial markets and the global economy.