By Gwynne Dyer
Opening the National People's Congress in Beijing, Prime Minister Li Keqiang set China's growth target for the coming year at 6.5-7 per cent, the lowest in decades. Only two years ago, he said 7% was the lowest acceptable growth rate, but he has had to eat his words. He really isn't in charge of very much anymore.
Brazil's state-run oil company, Petrobras, reported a record quarterly loss of $10.2 billion on Monday due to a large reduction in the value of some assets amid lower oil prices. Petrobras has been at the center of a sprawling corruption scandal that has ensnared some of Brazil's most powerful lawmakers and business executives.
President Barack Obama in Havana has a busy agenda scheduled for Tuesday which includes a major speech that Cuban officials said would be carried on TV. Before departing for Argentina, Obama has planned to meet with political dissidents and attend a game between Major League Baseball's Tampa Bay Rays and Cuba's beloved national team.
Cuban President Raul Castro directly challenged President Obama on the heels of their historic meeting in Havana on Monday to lift more restrictions on the island and return land used for the U.S. naval base at Guantanamo Bay – as the visiting U.S. president, in turn, chided the Cuban government on democracy and human rights
Cuban President Raúl Castro sparred with US reporters on Monday over Cuba’s human-rights record, saying at one point that it was not fair to ask about prisoners in general and at another point that he would release by the end of the day anyone named as a political prisoner by a reporter.
FIFA peeled back another layer of secrecy this week as football’s governing body revealed for the first time how much money it was paying disgraced former president Sepp Blatter. The former FIFA chief, who was suspended with pay in October 2015 and later banned for unethical conduct, made $3.76 million last year. He did not earn a performance bonus but did pocket almost $450,000 for reaching 40 years of service at FIFA.
A Brazilian court has found Barcelona striker Neymar guilty of tax fraud and ordered him to pay 188.8 million Reais (US$ 52.2) in back taxes, interest and penalties according to reports on the local media on Friday.
A 1951 Cadillac which was Argentina's charismatic leader Evita Peron official limousine will be auctioned on Sunday 20 March by Bonhams at Chichester, southern England. The going price for the black classic, which was also used by Evita´s husband, three times Argentine president Juan Domingo Peron, is estimated at between 120.000 and 150.000 Euros.
FAO's latest Cereal Supply and Demand Brief forecasts a 1.4 percent drop in worldwide wheat output in 2016, due mainly to dry weather leading to reduced winter plantings in the Russian Federation and Ukraine. However, China and Pakistan are expected to sustain near-record wheat harvests, and India's output is anticipated to recover.
Argentina is willing to “make concessions” in order to move forward with a free-trade agreement between Mercosur and the European Union (EU), which will likely allow a greater export of agricultural produce, according to Argentina's Trade Secretary Miguel Braun who then reveled that trade offers will be exchanged on April 8.