Uruguayan president Jose Mujica, 78, cancelled the last leg of his European visit, Italy, saying he was exhausted and suffering from jet-lag. He has been in the road since May 22, with a first official three-day visit to China, later to Spain, the Vatican and to Galicia and the Basque country, from where his family came.
Uruguay was deemed the friendliest toward gay in Latinamerica and among the top countries in the world, according to the latest Spartacus International Gay Travel Index which ranks 139 countries worldwide.
Millions gathered on Sunday in Sao Paulo, Brazil to take part in one of the largest parades in the world. According to the organizers, 3.5 million people attended the parade and the festivities that followed.
“The Pope is very pleased for having met with a wise man”, was the official report from the Holy See following the 45 minute private audience of Francis with Uruguayan president Jose Mujica, the longest so far with a head of state. Although Mujica is a declared atheist and did not attend the inauguration of the first Latinamerican pope last March, he did request an interview with Francis, which took place on Saturday.
Argentina's nationalized energy company YPF will sue the head of Repsol SA over accusations that YPF's board members were overpaid when the Spanish oil major held a majority stake in the company, the government said.
Uruguay’s trade deficit climbed to over a billion dollars in the first four months of the year compared to 975 million dollars in the same period a year ago. So far this year the fall in exports has been stronger than that of imports, which has led to the 1.045 billion dollars deficit according to the latest stats from the Central bank.
Argentine tourists have staged a British invasion, with record numbers flying in to the UK in the last year, according to an article by Matt Chorley published in the Daily Mail. The influx of more than 100.000 visitors, up more than a quarter year-on-year, comes despite renewed tensions between the two countries over the status of the Falkland Islands.
Uruguayan economic officials have warned the ruling coalition Broad Front about the regional risk-situation in complex Argentina and stalled Brazil, and its influence on Uruguay which needs to lower its budget deficit and improve labour productivity and competitiveness.
The leaders of Mexico and China will meet for the second time in two months this week, a sign of deepening cooperation, even as the Latin American nation seeks to close a huge trade deficit. Chinese President Xi Jinping will be treated to a lavish two-day state visit in Mexico that begins on Tuesday, with an event at the Campo Marte military field with President Enrique Peña Nieto and a speech to Congress.
Concern over Argentina's erratic policy on foreign investments is pushing regional business entrepreneurs toward caution and or keeping them away from South America’s second largest economy. Argentina nationalized Spanish oil major Repsol's majority stake in local energy giant YPF last year, a move that triggered alarm in the international investor community.