Venezuela’s central bank announced a devaluation of more than 99% of its official exchange rate with the launch of a new foreign exchange platform, a move critics quickly said would not create a functioning currency market.
Scenic Cruises is planning to create another exclusive, expedition-style ocean vessel that boasts of its own submarine and helicopter. The Australian-owned cruise operator mentioned that the soon-to-be-launched 228-passenger Scenic Eclipse would be getting a sister in 2020 and it would be known as the Scenic Eclipse II. She is schedule to sail Falklands, South Georgia and Antarctica.
A Paraguayan guerrilla group has freed two Mennonite men it had been holding hostage for five months. The two were released after their families paid a ransom and handed over food to local communities, Paraguayan media report.
Brazil’s government has won a court decision allowing the export of live cattle, overturning an injunction obtained by an animal rights group, the Agriculture Ministry said on Monday.
Ecuadoreans on Sunday voted to prevent presidents from holding more than two terms in office, according to the elections council, a win for President Lenin Moreno that blocks his mentor-turned-adversary Rafael Correa from returning to power. The results from the referendum, called by Moreno, roll back a measure Correa pushed through Congress in 2015 to allow unlimited presidential re-election.
A review is being launched into airlines' seating policies, the United Kingdom Civil Aviation Authority has said. It will examine whether companies are deliberately splitting up groups of passengers so they pay to sit together. Airlines allocate seating via computer algorithms.
President Mauricio Macri received US Secretary of State Rex Tillerson on Monday at the Olivos official residence. During the forty minutes meeting the main issues of the Argentina/US bilateral agenda were addressed, according to a release from the Argentine Executive office.
A protest by grain transporters in Argentina could leave exporters and crushers operating without soy, corn and wheat, an industry group said on Monday.
Costa Rica’s presidential election is headed to a runoff after no candidates secured enough votes to win outright. The top vote-getter, evangelical preacher Fabricio Alvarado, is expected to face his closest opponent, Carlos Alvarado Quesada, a former labor minister, April 1. Alvarado won nearly 25% of votes on Sunday to Alvarado Quesada’s 22%.
United States stocks plunged in highly volatile trading on Monday, with both the S&P 500 and Dow Industrials indices slumping more than 4%, as the Dow notched its biggest intraday decline in history with a nearly 1,600-point drop and Wall Street erased its gains for the year.