Mobs gathered outside some Caracas supermarkets on Saturday after the government ordered shops to slash prices, creating chaos as desperate Venezuelans leapt at the chance to buy cheaper food as the country’s worsening economy causes severe shortages.
Ecuador has chosen a new vice president to replace Jorge Glas, who was sentenced to six years in jail for his role in a bribery scheme involving Odebrecht, the Brazilian company at the center of Latin America’s biggest corruption scandal. Lawmakers selected Maria Alejandra Vicuña in a vote on Saturday.
The aftermath of a frigid “bomb cyclone” and polar vortex left much of the northeastern US and Canada frigid on Friday night. Wind chills in one part of the state of New Hampshire were forecast to hit negative 50 degrees Celsius, according to forecasters. New York Times reporters who were sent to Mount Washington in that state said the wind “steals your breath and freezes your eyelashes.”
President Donald Trump legal threat aimed at “Fire and Fury: Inside the Trump White House”” appears to have the effect of making the book an early 2018 hot-selling title. On its first day of release, bookstores in major cities like Washington D.C., New York, and Los Angeles reported selling out of the initial order, and other shops in places like Oxford, Miss., and Shaker Heights, Ohio, also said that buyers quickly snatched up copies of their first batch.
Good and not so good news from Argentina. Merval, the main index of the Buenos Aires Stock Exchange, rose 0.79% to 32,505.59 points on Friday, a new settlement record that marked the 13th consecutive session of gains to the Argentine stock market. Merval had a weekly gain of 7.11%.
Brazilian industrial production rose 0.2% in November from a month before, at the same rate as in September and October, surprising market analysts who expected stability. It was the third monthly increase in a row in the industrial output.
The European Commission and Mercosur are planning to resume negotiations to reach a new Association Agreement during this month. The Commissioner of the European Trade Commission, Cecilia Malmström, stated that, after the last negotiating round, which took place in early December, and after the attempt to reach an agreement in the framework of the last round of the World Trade Organization (WTO), held from 11 to 14 December, the agreement was very close and would be reached in a matter of weeks.
Brazilian shareholders of state-controlled Petrobras are petitioning a Brazilian court to be paid on similar terms as those given to U.S. shareholders in a US$ 2.95 billion settlement, according to lawyers representing them.
Four days before the beginning of an election year in Venezuela, President Nicolás Maduro announced on national television that he will grant a bonus of 500,000 bolivares, the equivalent of US$ 3.9, to those who possess the Carnet de la Patria, an identity document created by the government that serves to regulate the purchase of food and tools with which users can access pensions or bonuses of this style in exchange for their loyalty to the government party.
Ex Labour prime minister Tony Blair has attacked Labor's timidity on Brexit, saying it would deliver a departure from the EU designed by the Tory right. He urged the party he once led to nail the myths of the Brexit campaign - and fight for the rights of voters to think again about leaving. He said 2018 would be the year the fate of Britain would be decided.