Despite objections from Brazil and Paraguay, Uruguay next Saturday 30 July will transfer to Venezuela the rotating chair of Mercosur for the second half of the year, as indicated in the “group's rules and regulations”.
Argentina and Brazil commemorated on 18 July the 25th anniversary of the creation of the Brazilian-Argentine Agency for Accounting and Control of Nuclear Material, ABACC, which was the result of the nuclear energy exclusive peaceful use accord, signed by then presidents Carlos Menem and Fernando Collor, in Guadalajara, Mexico.
Brazil's suspended president Dilma Rousseff and her predecessor and left-wing ally Lula da Silva will boycott the opening ceremony at the Rio Olympics, officials have said. Their absence at the 5 August ceremony highlights the political crisis in Brazil, with Rousseff facing possible removal from office in an impeachment trial shortly after the Games end.
Brazil's interim President Michel Temer vetoed on Tuesday an article in a new law, which would allow foreign investors to take 100% ownership of Brazilian airlines, according to the official Gazette. The article is part of a law seeking to modify areas of the aviation sector, mainly in order to allow the state-owned airport infrastructure firm, Infraero, to restructure its debts.
Brazil's Finance Minister Henrique Meirelles has warned that if Congress does not approve a ceiling for public spending, the country will have chosen a most cumbersome path with new rounds of tax increases and higher interest rates which will further delay sustainable growth.
Next month's summer Olympic Games in Rio de Janeiro will take place under watchful eyes of 10,000 Brazilian soldiers and police officers and all have been highly trained for the job by Israelis, according to a report on the Israel NonStop website, based on details broadcast by Israeli Channel 2 television news reporter Nir Dvori.
Paraguay announced officially that it will not be attending the Common Market Council of Mercosur in Montevideo next 30 July, if the agenda includes the transfer of the group's presidency to Venezuela.
Brazil's central bank, with its recently appointed president, kept interest rates on hold for the eighth consecutive meeting on Wednesday as expected, despite a deep recession, as the new board cited concern about stubbornly high inflation and uncertainty surrounding economic reforms.
Half of Brazilians would like to see interim President Michel Temer stay in the job until the next election in 2018, compared with 32% who desire the return of suspended President Dilma Rousseff, according to a Datafolha poll published this weekend on the Folha de S.Paulo website.
Brazil committed a great mistake on supporting Venezuela to the Mercosur trade agreement back in 2012, and the country must be impeded from taking over the pro-tempore presidency of the group until it complies with all the requisites to be a full member, said Brazil's foreign minister Jose Serra.