In a surprise move and in divided vote (5 to 3), Brazil's central bank monetary board, Copom, decided to raise its benchmark Selic rate by 25 basis points to 11.25%. A majority of economists and analysts anticipated that the bank would opt to keep rates unchanged.
In a strong editorial the influential Folha de Sao Paulo argues that Brazil's reelected President Dilma Rousseff must reestablish confidence to the nation, which is divided regionally and socially, must implement a fluid dialogue with productive Brazil because the economy needs changes and new faces, and must rule for all the country, because victory was the result of millimetrical dispute in Sunday's runoff.
Venezuela recalled its ambassador to Spain to protest interventionist declarations made by Spanish Prime Minister Mariano Rajoy, the Venezuelan News Agency (AVN) said on Tuesday.
A Royal Navy warship has seized cocaine with a wholesale value of £10 million from a yacht in the Caribbean. Just 24 hours after helping in the aftermath of Hurricane Gonzalo in Bermuda, the Type 23 frigate HMS Argyll’s Lynx helicopter spotted the yacht in the Atlantic.
King Felipe VI and Queen Letizia on Wednesday welcomed Chilean President Michelle Bachelet at the start of her official visit to Spain, expected to center on economic cooperation.
Prince Charles and his wife Camilla were welcomed to Colombia with military honors on Wednesday, at a ceremony led by the president Juan Manuel Santos to mark the couple's first royal visit to the country.
With senior members of his own Popular Party among the dozens of Spaniards facing charges of corruption and bribery, Prime Minister Mariano Rajoy apologized to the Senate for appointing to public office some individuals who were not “worthy” of it.
Two UK MPs Yvonne Fovargue (L) and Guy Opperman (C) will be visiting the Falkland Islands from 13 to 18 November, accompanied by Falklands government representative in London, Sukey Cameron MBE.
The United Nations General Assembly for the 21st time on Tuesday condemned the economic and trade embargo imposed by the United States on Cuba, a policy that has been in place for over half a century. 188 countries out of 193 voted against the restrictions imposed by Washington against Cuba, which date back to 1962, three years after Fidel Castro took power in a revolution.
The official emblem of the 2018 FIFA World Cup in Russia has been unveiled by the cosmonauts at the International Space Station. The logo was then projected onto the iconic Bolshoi Theater building in the heart of Russian capital, Moscow.