Brazil’s government weighed pushing for a management overhaul at miner Vale SA on Monday as grief over hundreds feared killed by a dam burst turned into anger, with prosecutors, politicians and victims’ families calling for punishment. By Monday, firefighters in the state of Minas Gerais had confirmed 65 people killed by Friday’s disaster, in which a burst tailings dam sent a torrent of sludge into the miner’s offices and the town of Brumadinho.
Brazilian miner Vale SA’s shares plunged on Monday, wiping out nearly 62 billion reais (US$ 16.4 billion) in market value, after a tailing dam collapse on Friday killed at least 65 people and left 292 missing with slim hopes for recovery. Vale shares were down 21.5% in Sao Paulo morning trading, at 44.70 reais. The company suspended dividend payments late on Sunday.
Brazil’s current account deficit doubled last year as economic growth fueled demand for foreign goods and services, while foreign investment reached its highest share of GDP since 2001, the central bank said on Monday.
At least three people lost their lives and more than 170 were wounded on Sunday night by the onslaught of a tornado in Havana as a result of an extratropical drop from the Gulf of Mexico that transits the territory of the island, local media confirmed.
The Brazilian prosecutor running talks to settle a lawsuit over a 2015 tailings dam rupture at the Samarco mine says the deadly dam burst at the mine run by Vale in Brumadinho could scramble those sensitive negotiations.
“This is one of the best cruise seasons we've had in years”, said Tierra del Fuego governor Rosana Bertone underlining that tourism is an industry which creates jobs and helps the province's economy. Ms Bertone made the statement during a visit to the port of Ushuaia where she attended the departure of the “Celebrity Eclipse” and welcomed the French flagged “Le Soleil”
Gibraltar has intensified its contact on Brexit with senior United Kingdom parliamentarians both in the House of Commons and the House of Lords in order to put across the position of Gibraltar. The Chief Minister Fabian Picardo and Deputy Chief Minister Dr Joseph Garcia took advantage of their visit to London last week to meet opinion-formers on the Remain and the Leave sides of the argument.
The US has warned Venezuela that any threats against American diplomats or opposition leader Juan Guaidó will be met with “a significant response”. National Security Adviser John Bolton said any such “intimidation” would be “a grave assault on the rule of law”.
Oil prices fell on Monday after U.S. energy firms added rigs for the first time this year in a sign that crude production there will rise further. U.S. spot crude oil futures CLc1 were at US$ 53.37 per barrel at 0027 GMT, down 32 cents, or 0.6 percent, from their last settlement.
Prime Minister Justin Trudeau has fired Canada's ambassador to China, John McCallum. It follows controversial comments Mr McCallum made about an extradition case involving a senior executive from the Chinese telecoms giant Huawei. Mr Trudeau said in a statement he had asked John McCallum to step down, but did not offer a reason.