Following twelve hours of heated and at time acrimonious debate the Argentine Senate on early Thursday voted, 37 to 30, to freeze utility prices. President Mauricio Macri had anticipated that if the bill was passed he would veto it because there is no way the budget can stand an additional 1% of GDP deficit.
Paraguay will have a woman president for the first time in its history, at least temporarily, after outgoing leader Horacio Cartes decided to step down ahead of schedule. Vice-President Alicia Pucheta, 68, will complete Cartes' mandate after he resigned to become a senator.
Argentina’s Armed Forces will soon play a bigger role in the fight against drug-trafficking and terrorism, as the president Mauricio Macri administration looks to assigning new responsibilities to the military in domestic and border security.
About 1.2 billion children face severe risks from conflict, poverty or sexual discrimination, said Save the Children rights organization in a report published on Wednesday. The main threats to childhood are child labor, exclusion from education, early pregnancy and child marriage, with conflict often inflating the risks.
The European Union has proposed spending more on Italy and other member countries hit by the economic and migrant crises, but less on increasingly wealthy eastern states like Poland. The European Commission, the bloc's executive arm, proposed the regional shift in the “cohesion” portion of the post-2020 multi-year budget as Italy faces political chaos.
Brazilian oil workers began a 72-hour strike on Wednesday in a new blow to President Michel Temer following a nationwide trucker protest that has strangled Latin America's largest economy for over a week. The strike affecting several rigs, refineries, plants and ports is the latest challenge for state-led oil firm Petrobras, whose shares have tumbled nearly 30% in two weeks over fears that political interference would unwind more investor-focused policies.
More than 120 pregnant whales were slaughtered in the latest Japanese whale hunt in Antarctica's Southern Ocean, new documents show, reigniting calls to step up efforts to stop the annual killing spree. A further 114 immature whales were killed as part of the so-called “scientific” whaling program, according to meeting papers from the International Whaling Commission's scientific committee meeting this month.
Foreign banks and funds are set to benefit from a move by U.S. regulators to simplify a trading rule that foreign banks and regulators say has inadvertently complicated firms operating as far afield as Europe and Asia. The Federal Reserve, alongside other U.S. regulators, on Wednesday proposed rewriting the “Volcker Rule” introduced following the 2007-2009 financial crisis in a bid to simplify the regulation and make it easier for banks to comply.
Following a formal procurement process, the Falkland Islands Government has received tender responses from a number of construction companies interested in building the new vulnerable persons extra care unit in Stanley.
The remains of yet another Argentine combatant fallen during the Falklands conflict in 1982, and buried at the Argentine military cemetery in Darwin, have been identified bringing the number to 91, out of a total of 121 only a year ago.