Brazil on Tuesday launched a multibillion-dollar plan to auction off oil, power rights and infrastructure concessions, in an attempt by the new government to bolster private investment in a moribund economy. The government will sell operating licenses for airports in the cities of Porto Alegre, Salvador, Florianopolis and Fortaleza by the first quarter of 2017. It also plans to sell rights to operate federal roads in the center-west and south regions later next year.
Argentine president Mauricio Macri described as a “gesture” the attendance of Foreign Office minister Alan Duncan at the Business and Investment forum in Buenos Aires, and anticipated that UK and Argentina are preparing a bilateral meeting next week in New York on the sidelines of the annual UN general assembly to address all issues including Falklands/Malvinas.
North American stock markets rallied today after a U.S. Federal Reserve official hinted that the central bank remains cautious about interest rate hikes. Fed governor Lael Brainard said the risk with raising rates too soon is that it could damage the fragile economy.
The world's second largest meteorite has been discovered in northern Argentina, a news report says. A team of experts found the 30,800 kilogram meteorite buried in the province of Chaco, about 800 kilometers northwest of Buenos Aires on Saturday, the news agency Telam reported.
The richest 1% of the UK population owns more than 20 times the wealth of the poorest fifth, according to Oxfam. That made Britain one of the most unequal countries in the developed world and contributed to the vote for Brexit, the charity said.
The former president of Costa Rica, Laura Chinchilla, will head the first Electoral Observation Mission that the OAS will deploy to the United States and that will observe the upcoming November 8 elections.
British MP Julian Lewis, who chairs the Commons defense committee, claimed contractors BAE Systems were ready to start work on the multi-billion pound Ministry of Defense's new Type 26 frigates, known as global combat ships. The project has already been cut from 13 to eight new ships, while a target to start cutting steel in May has been delayed indefinitely.
Cruise ship Coral Princess is slated to transit the Panama Canal on a voyage from Los Angeles, Calif., to the U.S. East Coast on October 4, 2016, officially kicking off the canal’s 2016-2017 cruise season, which according to the Panama Canal Authority will see more than 230 cruise ships pass through the Panama Canal.
If beef is not included, there won't be any agreement, said Uruguay's foreign minister Rodolfo Nin Novoa in anticipation of next week's meeting of European Union and Mercosur coordinators to adjust the list of goods and services the two blocks will formally exchange in mid October, the first formal meeting of its kind in fourteen years.
Two weeks after the removal of Dilma Rousseff as Brazil's president, the lower house of Congress on Monday expelled the lawmaker who engineered her impeachment for lying about secret bank accounts in Switzerland. The once powerful former speaker Eduardo Cunha, who has been charged with corruption by the Supreme Court, was banned from politics for eight years and faces arrest now he has lost his congressional prerogatives.