The World Trade Organization confirmed on appeal on Thursday its ruling partially in favor of Argentina in its dispute with the European Union over duties the bloc imposes on imported biodiesel.
A Congressional committee in Brazil approved on Thursday a constitutional amendment that would limit public spending to the rate of inflation for 20 years, handing President Michel Temer an initial victory in his plan to plug a widening deficit, which if continued at the current rate could lead to fiscal collapse and public accounts insolvency, a repeat of the Greek tragedy.
President Michel Temer has not managed to convince Brazilians his government is better than that of his ousted predecessor Dilma Rousseff, and his popularity remains low, according to a poll on Tuesday. Pollster Ibope said the number of people who consider Temer's government great or good edged up to 14% from 13% in the previous survey in late June, which was conducted six weeks after he replaced Rousseff when her impeachment trial began.
Brazil’s industrial output posted its biggest monthly drop in over four years in August, damping optimism about the country’s prospects for recovering from its worst recession in generations. Industrial production declined 3.8% in August from July in seasonally adjusted terms, the Brazilian Institute of Geography and Statistics, IBGE, said on Tuesday.
Brazilian President Michel Temer said on Monday the high abstention rate as well as the number of blank and spoiled ballots in local elections on the weekend signaled the disillusionment of Brazilians with their political system. Brazil's electoral authority, the TSE, said the abstention rate averaged 17.5% in Sunday's nationwide polls, up from 15.4% in the municipal elections in 2014.
Foreign minister Susana Malcorra said that the Falklands/Malvinas issue has “an enormous emotional content”, but as her country's main diplomat her duty is to ensure a dialogue that can advance, in the best possible way, on all issues. The minister also described the Mercosur relation with Brazil as “inexorable”, which is beyond ideologies underlining the significance of Brazil's Michel Temer recent visit to Argentina.
Argentine President Mauricio Macri and his Brazilian counterpart, Michel Temer, agreed on Monday on the need to strengthen Mercosur and to make its rules more flexible to ”give a certain autonomy to the (member) states in their international relations.”
Brazil’s Workers Party suffered its worst-ever result at the polls as voters used Sunday’s local elections to punish it for a deep recession and a series of corruption scandals. After 13 years in power the party saw its vote collapse across Brazil in a dramatic confirmation that it is now fighting to retain a seat at the top table of Brazilian politics following the impeachment of president Dilma Rousseff in August and the decision last month to try party founder and former president Lula da Silva for corruption.
Brazilians expressed their disenchantment and frustration on Sunday's municipal elections punishing parties involved in the major corruption schemes and political disputes as the country's economy has plunged into the worst economic recession almost a century including the loss of millions of jobs.
Argentine president Mauricio Macri will be receiving his Brazilian peer Michel Temer in Buenos Aires on Monday morning to address bilateral relations in several fields, mainly political, trade, Mercosur, and security and development in the long shared border areas. According to official sources Temer´s delegation arrives with foreign minister Jose Serra, Industry and trade minister Marcos Pereira and head of defense Raul Jungmann.