Stories for July 2022

Thursday, July 28th 2022 - 09:30 UTC
Maduro picks Air Force man linked to Emtrasur for Tehran embassy

Venezuela's Nicolás Maduro has picked a new ambassador to Teheran, who happens to be a military colleague of one of the crew members of the Emtrasur Boeing 747-300 held in Buenos Aires since June, it was reported.
Thursday, July 28th 2022 - 09:27 UTC
US Defense Secretary wants Brazilian military to respect democracy

US Defense Secretary Lloyd Austin Tuesday underlined during his trip to Brasilia that the Armed Forces should respect democracy and remain under “firm” civilian control. His remarks came two days after incumbent President Jair Bolsonaro claimed upon launching his re-election bid that “the Army is on our side.”
Thursday, July 28th 2022 - 09:23 UTC
Brazilian oil sales to China and India drop significantly as Russia moves in

Brazil oil sales to India and China in the first half of 2022 have fallen considerably, amid the Ukraine war and a significant increase in crude exports from Russia to the two Asian countries.
According to data from Brazil’s Foreign Trade Secretariat (Secex), in the first half of the year, Brazil exported 36% less oil to China than in the same period last year. Likewise exports to India fell 53.8%.
Thursday, July 28th 2022 - 09:20 UTC
Falklands approves importation, possession, use and sale of Cannabidiol (CBD)

The Executive Council of the Falkland Islands has approved that the importation, possession, use and retail sale of excepted products containing Cannabidiol (CBD) in the Falklands should be lawful. The announcement was reported on the Falklands government page.
Thursday, July 28th 2022 - 09:15 UTC
UNWTO helping to promote tourism as a pillar of Paraguay's economic development

Paraguayan president Mario Abdo Benitez during the Renewable Energy and Sustainable Tourism event, welcomed this week UNWTO’s support as the county works to make tourism a central pillar of economic growth, social opportunity and jobs.
Thursday, July 28th 2022 - 09:11 UTC
The largest pink diamond in 300 years, was mined in Angola, “Rose of Lulo”

Australia's Lupaca Diamond Company has reported that miners in Angola have extracted a rare pure pink diamond, considered the largest to have been discovered in the world in 300 years. The 170-carat, 34 grams diamond has been dubbed “the Rose of Lulo”, after the mine in northeast Angola where it was extracted.
Thursday, July 28th 2022 - 09:10 UTC
Argentina's never ending tragic farce

By Andrés Velasco (*) - Argentine voters are no strangers to financial turmoil, but they keep electing politicians who run large fiscal deficits and finance them by printing pesos. Could it be that the only way for politicians to show they want to save the economy is to destroy it first?
Thursday, July 28th 2022 - 09:03 UTC
Kiwi lawmakers want country's name changed to Aotearoa

A group of New Zealand lawmakers mooted for the country to be renamed Aotearoa, which would much better reflect its Maori ancestry, and the Wall Street Journal has picked up on their bid this week.
Thursday, July 28th 2022 - 08:57 UTC
IDB keeps approving loans for Argentina amid frozen disbursements

The Inter-American Development Bank (IDB) has approved a credit line worth US$ 1140 million for energy investments and vowed to keep reviewing CEO Mauricio Claver-Carone's decision to halt a separate disbursement of over US$ 800 million to a country with such a credit record.
Thursday, July 28th 2022 - 07:59 UTC
Fed raises the benchmark interest rate 75 basis points, fourth time running

For the fourth time running since March the United States Federal Reserve on Wednesday increased benchmark interest rates 75 basis points to its highest level since 2018, in yet another significant effort to contain inflation which is running at a forty-year high of 9,1%, but at the same time avoiding a recession.