Brazilian exports outweighed imports by more than US$7 billion in March despite fears that the economy could be hard hit by the country's on-going meat scandal. The country recorded a US$7.14 billion trade surplus last month, the highest level on record for the country and a whopping 61.2% increase on the previous year.
Global food prices monitored by FAO fell in March amid large available supplies and expectations of strong harvests. The FAO Food Price Index averaged nearly 171 points in March, marking a 2.8 percent drop from the previous month while remaining 13.4 percent above its level a year earlier.
Norwegian Sky will sail 33 roundtrip cruises from Miami to Cuba in 2018, with 32 voyages featuring an overnight call in the capital city of Havana as well as a call on Great Stirrup Cay, Norwegian’s private island in the Bahamas.
In a surprise move, Ecuador’s ruling party, Country Alliance, has called for a recount of the votes cast in the weekend’s presidential election. Its candidate, Lenin Moreno, had won the election by the narrowest margin, with 51.16% of the vote.
Brazilian President Michel Temer plans to water down its landmark pension reform proposal to ease lawmakers' resistance to the controversial bill key to rebalance the government's depleted finances. Temer said in a radio interview on Thursday he has authorized the lawmaker sponsoring the plan to alter its terms as long as he maintains the bill's minimum retirement age. He did not specify what changes could take place.
Manchester City's owners have confirmed their purchase of Uruguayan club Atletico Torque as the Abu Dhabi-based investors add to their growing portfolio. City's parent company, City Football Group (CFG), announced second tier Atletico Torque will become part of their global network of clubs.
Mercosur and Pacific Alliance foreign ministers are scheduled to meet this Friday in Buenos Aires, on an Argentine initiative to advance in a possible political and trade confluence with the prospect of a regional alliance in the near future. The controversial Venezuela case will also be on the table, but attendants have anticipated that they won't let this issue dominate the agenda or cast a shadow on the purpose of the summit.
United States President Donald Trump said to light laughter at a Thursday evening dinner he hosted for Chinese President Xi Jinping that after a long discussion, “I have gotten nothing, absolutely nothing” from his guest. But Trump added that the two leaders, who chatted earlier at the president’s Florida resort, had quickly “developed a friendship,” and he predicted that “long term we’re going to have a very, very great relationship and I look very much forward to it.”
Prime Minister Theresa May reiterated on Thursday the UK’s desire to ensure a deep and special partnership with the European Union, but as the UK exits the EU and there would be no negotiation on the sovereignty of Gibraltar without the consent of its people. Mrs. May made the statement after meeting at 10 Downing Street with the president of the European Council Donald Tusk for talks following the triggering of Article 50.
One in three people in Britain would cede at least some sovereignty over Gibraltar for a better Brexit deal according to a YouGov poll made public this week. The poll conclusions were released when Nigel Farage, Britain's leading Brexiteer expressed support for proposals to hold a referendum in Gibraltar to ask whether they want to become part of the UK.