Peru’s opposition-run Congress renewed its confidence in the cabinet of President Martin Vizcarra on Wednesday, averting a political crisis that could have forced new legislative elections.Add your comment!
Peru's president is facing a standoff with lawmakers over his call for a referendum on anti-corruption measures and constitutional reforms.Add your comment!
South Korea and Chile agreed on Wednesday to bolster substantive bilateral partnerships in various sectors on the basis of their free trade agreement (FTA). Korean foreign minister Kang Kyung-wha and his Chilean counterpart Roberto Ampuero held talks on the sidelines of a regional meeting of the World Economic Forum (WEF) in Hanoi, according to Kang's ministry.Add your comment!
Hunger reached 821 million people in 2017 worldwide, of which about 39 million are Latin American, according to the UN Food and Agriculture Organization (FAO). The figure represents a deterioration of 6.1% in Latin America and the Caribbean compared to previous years and could be due to the economic slowdown in South America, especially marked by the case of Venezuela, the UN agency said on Tuesday.
There's a 70% chance of a recurrence of the El Niño weather event before the end of this year, according to the World Meteorological Organization. The last El Niño occurred in 2015-16 and impacted weather patterns around the world, but researchers say they are not expecting this new one to be as intense as 2015-16.
Eight alleged criminals were killed on Sunday at the most important military complex in Venezuela amid the revelations about plans for a coup supported by the government of the United States.
Eleven Latin American countries say that they have agreed to allow Venezuelans leaving their homeland to enter their countries even if their travel documents have expired. More than 2.3 million Venezuelans have fled the country's hyperinflation and severe shortages, but many do not have valid passports because renewing them can take years.
United States declared Nicaragua’s civil unrest a threat to the region’s security, saying government repression of protests risked creating an overwhelming displacement of people akin to Venezuela or Syria. More than 300 people have been killed and 2,000 injured in crackdowns by Nicaraguan police and armed groups in protests that began in April over an abortive plan by leftist President Daniel Ortega’s government to reduce welfare benefits.
The Brazilian Real slumped on Monday as mounting concerns over this year's presidential election added to global risk aversion, while the Argentine peso extended a recent sell-off that also spread into stock markets in Latin America.
The Argentine Peso plummeted 15.6% to a new record on Thursday, and ended trading at 39.87 after having reached almost 42 Pesos to the US dollar in mid afternoon. This follows on the Wednesday which also witnessed the Argentine currency slide 7% to the greenback.