Brazilian Senate has voted to begin the impeachment trial of embattled President Dilma Rousseff, a move that could officially hand over power to her former vice president – current interim president – Michel Temer. The impeachment trial is expected to open around August 25 - four days after the Olympics finish - and go on for five days, ending with a vote in judgment.
Germany's Deutsche Bank had the highest potential capital shortfall, 19 billion Euros in a study of 51 European banks using U.S. Federal Reserve stress test methods, German economic research institute ZEW said.
Punta Arenas airport is planning to double the area of the passengers' terminal and increase the number of jet bridges from three to five, as part of a major expansion program given the increase in annual commercial traffic at the President Carlos Ibañez del Campo Airport, which has been double the Chilean average.
Brazil, Paraguay and Argentina are waiting for a report on Venezuela´s compliance with the accords agreed in 2012, which has to delivered next Friday 12 August, and could lead the group of three counties deciding the suspension of Caracas as full member of Mercosur. A week and a half later, 23 August, representatives of these countries will be meeting to address the issue.
The Falklands Business Climate Survey strongly suggests that 2014 and 2015 were two very good years for the Islands economy and its business community, which translated in profits and higher levels of turnover, particularly 2015. However survey respondents predictions for this year and onwards aren't as rosy with many businesses anticipating lower turnover and investments, but not necessarily profits, while the overall average rating for the Islands' economy weighed between “average” and “good”.
With just a month to go until Uruguay's main agro show, Expo Prado, the British Embassy in Montevideo announces that for the third consecutive year it will be present with a Great Pavilion focused on business, education, culture, tourism, gastronomy and entertainment. British brands such as JCB Machinery, Polo Club clothing, FCR-DAS who specialise in quality management certification, fire extinguishers from Noblex, Brompton and other bicycles courtesy of Muvin will all be taking part.