Mercosur and Unasur member Venezuela is again bullying neighboring Guyana by issuing a presidential decree claiming more than two-thirds of the former British colony territory including the maritime area where ExxonMobil recently found a significant oil deposit.
Uruguayan president Tabare Vazquez said that Uruguay, Brazil and Paraguay are ready to sign the long delayed trade and cooperation agreement between Mercosur and the European Union. Such an agreement has become one of the cornerstones of Vazquez presidency faced with falling exports and limited markets.
President Barack Obama weighed in on the deepening corruption scandal involving world soccer's governing body, saying it was essential that the sport's integrity be ensured.
Of the 14 people indicted by the United States in the FIFA corruption case, five members are businessmen that worked for various sports marketing and consulting companies that dealt extensively with the world's football organization.
Head of FIFA’s audit and compliance committee says World Cup hosts could change as a result of ongoing investigation. Domenico Scala says if any evidence of wrongdoing is found by the ongoing criminal investigations into the awarding of the 2018 and 2022 World Cups, the rights to host the tournament could be stripped.
The International Coordinating Council of UNESCO’s Man and the Biosphere Program (MAB) added this week twenty 20 new sites (including two in Latina America) to the World Network of Biosphere Reserves, bringing their total number to 651 sites, including 15 trans-boundary sites, in 120 countries.
Brazil announced a $64 billion infrastructure spending package on Tuesday, hoping to revive its flagging economy with investment in highways, railroads, ports and airports. Businesses and analysts have long pointed to overburdened infrastructure as a drag on the world's seventh-largest economy, which pays high prices to ship the raw materials it exports.
British dominance of the Malvinas Islands is a colonial 'situation', which is 'unacceptable' and 'anachronic': Argentina reiterates its sovereignty claims over the South Atlantic Islands and surrounding maritime spaces, said a release from the foreign ministry in Buenos Aires on occasion of the day the country commemorates the creation, on 10 June 1829, of the political and military command of the Malvinas Islands and adjacent Cape Horn spaces.
A strike by Argentine transport workers caused chaos for Buenos Aires commuters and forced airlines to cancel flights on Tuesday as the government accused unions of playing pre-election politics.
A top Brazilian minister said that Mercosur must allow member countries to sign trade agreements with third parties and called for the end to the rule which prevents such initiative. Development, Industry and Trade minister Armando Monteiro Neto made the statement during a competitiveness seminar in Rio do Janeiro a couple of days ahead of a crucial meeting in Brussels between Mercosur representatives and the European Union to address an encompassing free trade agreement.