The Brazilian government accepted bids Tuesday to build what would be the world’s third-largest hydroelectric dam in the Amazon. Officials proceeded with the auction immediately after a judge overturned another magistrate’s injunction blocking the tender and revoking the environmental permit for the 11,000 MW Belo Monte complex.
Retired General Reynaldo Bignone, 82, the last leader of Argentina’s 1976-1983 military regime was sentenced Tuesday to 25 years in prison for crimes against humanity.
President Lula da Silva defended his “diversification” diplomacy and said that Brazil must extend “a friendly hand” to all Latinamerican countries. He recalled that some interest groups in Brazil wanted him to strongly confront the governments of Bolivia and Paraguay because of differences over energy policies.
Argentina’s President Cristina Fernández de Kirchner and Venezuela’s leader Hugo Chávez said “the new world requires a new logic to accept a new order of relationships” during a meeting held at the presidential palace of Miraflores in Caracas.
Brazil’s leading presidential candidate Jose Serra described Mercosur as a “farce” and a “barrier” for Brazil to sign trade agreements with other countries.
Goldman Sachs Group Inc said first-quarter earnings nearly doubled, while in London Britain's financial regulator launched a formal probe related to civil fraud allegations against the Wall Street bank.
A stronger Chinese currency is “critical” for the good of the global economy, Brazil's central bank chief Henrique Meirelles said on Tuesday, joining a chorus of critics of China's foreign exchange policy.
Brazil and United States topped the list of nations demanding private information about Google users, according to a tool the web giant unveiled Tuesday.
“There are no miracles; we feel cool about the decision”, said Uruguayan president Jose Mujica following the International Court of Justice ruling which means there will be no relocation of the Orion pulp mill which besides does not contaminate, as was claimed by Argentina when it presented its case back in 2006.
In its judgement on ”Pulp mills on the River Uruguay (Argentina vs. Uruguay)”, the International Court of Justice, (UN principal judicial organ) declared that Uruguay has not breached its substantive obligations for the protection of the environment provided by the Statute of the River Uruguay by authorizing the construction and commissioning of the Orion (Botnia) pulp mill.