Latin America

Latin America
Friday, August 5th 2016 - 20:54 UTC

Cuba admits Venezuelan recession is hitting hard: Chavist oil shipments down 20%

Venezuelan oil shipments to the island have declined by 19.5%, forcing an energy rationing that is reminding people of the early 90s, when the Soviet Union dissolved

Venezuela’s grim situation is impacting not only millions of households around the country: it is also sending panic waves across the Caribbean all the way to Cuba, a solid ally that for decades now has relied heavily on Chavismo’s generosity.

Thursday, August 4th 2016 - 21:52 UTC

Venezuela defies Mercosur members and announces it will “fully exercise the presidency”

“We are presidents of Mercosur and will fully exercise that right” said Venezuelan president Nicolas Maduro in a mandatory national television message

Venezuela has defiantly confirmed that is will fully exercise the “self-proclaimed” presidency of Mercosur, despite the opposition from Argentina, Brazil and Paraguay, who consider the chair vacant and are meeting in Montevideo to find an alternative for the six month mandate.

Wednesday, August 3rd 2016 - 07:12 UTC

US 'Dream team' rented cruise liner “Silver Cloud” as their Olympic Village

“Silver Cloud” is moored in the Port of Rio, with NBA stars like Kevin Durant, Carmelo Anthony and Kyrie Irving among others enjoying their luxury cabins

Multi-millionaire members of the US Olympic basketball team have rented a massive luxury cruise ship to call their home while they compete at the Rio Olympics. Super rich members of the 'Dream Team' are shirking the nightmare of the Olympic Village, still undergoing finishing touches in some areas and likely to remain “under construction” throughout the games in others. Members of the women's team are also reported to be calling the cruise ship home.

Wednesday, August 3rd 2016 - 06:58 UTC

Rio Games opening tailored to the current economic conditions in Brazil

Rio Games will not have the grandiosity of Beijing, the special effects of Athens, the eccentricity and technological skills of London. It is an analogue opening

Rio de Janeiro Olympics opening ceremony on Friday will break with the recent tradition of large-scale and expensive shows, featuring a low-emissions cauldron and an “analogue” experience, executive producer Marco Balich said.

Monday, August 1st 2016 - 12:58 UTC

Argentina and Mexico pledge to reach “absolute integration and free trade”

Following a one hour private meeting the two presidents held a media conference and underlined the importance of “strengthening the ties” between the countries.

Argentina and Mexico agree on the need to reach absolute integration and free trade, as part of the closer bilateral relations confirmed with the visit to Buenos Aires of Mexican head of state Enrique Peña Nieto.

Saturday, July 30th 2016 - 07:47 UTC

Olympics chief praises Rio and anticipates a “fantastic” Games

“The last couple of days before the Olympics Games there is always one issue or other to be solved. The Brazilians will solve it,” Bach told reporters.

The head of the International Olympic Committee played down problems with unfinished accommodation in Rio de Janeiro that have prompted some teams to abandon the Olympic village, saying he expected Brazil to host a “fantastic” games.

Saturday, July 30th 2016 - 05:39 UTC

Mercosur limbo: Uruguay's presidency is over, who will hold the rotating chair ?

Last Wednesday Uruguayan foreign minister Rodolfo Nin Novoa cancelled a meeting of the Common Market Council scheduled for this Saturday

Uruguay made public on Friday a letter sent to Mercosur fellow full members stating the finalization, this Saturday 30 July, of its six-month presidency of the group, which means the rotating chair “should be transferred to Venezuela”. The letter was accompanied by a 32 page report of its six-month as chair of the group, particularly intense because of the trade negotiations with the European Union.

Saturday, July 30th 2016 - 04:22 UTC

Mercosur controversy: Brazil does not oppose Venezuela, but Caracas must first comply with agreed set of rules

“Venezuela must first complete the process of adapting to Mercosur, before it is considered a full member of the block” pointed out president Temer.

Brazilian interim president Michel Temer laid out the steps Venezuela must comply with before it is confirmed as full member of Mercosur, and following on that can effectively become chair of the group. Temer's Friday statement makes clear Brazil's position in the ongoing controversy regarding Venezuela's aspiration to succeed Uruguay in the rotating chair.

Friday, July 29th 2016 - 13:40 UTC

Kuczynski pledges to modernize Peru and a “social revolution” to fight poverty, racism and corruption

“I want a social revolution for my country! I long for Peru in five years to be more modern, more just, more equal,” Kuczynski said before congress

Pedro Pablo Kuczynski took office as Peru's president on Thursday, asking the opposition-controlled Congress to help him fight income inequality and ensure all Peruvians have access to running water, health care and free primary education.

Thursday, July 28th 2016 - 06:35 UTC

“Gringo” president with pro-business cabinet and limited congressional support takes office in Peru

The conservative Kuczynski has economics degrees from Oxford and Princeton and worked for decades on Wall Street and at the World Bank.

Pedro Pablo Kuczynski takes office as Peru's presidency this Thursday with a Cabinet that shares his Ivy League, pro-business pedigree — a reliance on technocrats that could become a liability as he deals with an unfriendly congress, a resurgent left and environment aware peasants and indigenous peoples living on rich natural resources.

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