Brazilian President Luiz Inácio Lula Da Silva Thursday told his Paraguayan colleague Mario Abdo Benítez about his intentions to reorganize Unasur and reinforce Mercosur's unity. Lula and Abdo met at the Itaipu hydroelectric power plant in Foz do Iguazú.Add your comment!
Ecuador expects to overcome the diplomatic crisis with Argentina soon after both nations withdrew their ambassadors amid questioning from Quito regarding the escape of a former minister convicted of corruption who was taking refuge in Argentina's diplomatic residence in Ecuador.Add your comment!
Sarah Stannard, Director of Education of the Falkland Islands, told Paula Ojeda of Montevideo's El Observador how the 1982 War is taught to schoolchildren in the South Atlantic British overseas territories where fighting took place. The story was published this week.Add your comment!
Argentina's Central Bank (BCRA) Thursday decided to raise the benchmark interest rate by 300 basis points to 78% annually, it was announced in Buenos Aires the day after the INDEC said the Consumer Price Index for the month of February ad grew 6.6% for a year-on-year inflation of 102.5 %, the highest in the last 32 years.Add your comment!
Brazil's Supreme Federal Court (STF) Justice Alexandre De Moraes has Thursday ordered the release of another 129 people who were in custody for allegedly participating in the Jan. 8 riots in Brasilia. With this new ruling, 294 remain in prison (86 women and 208 men), while over 1,100 have been released, although they will remain under surveillance.Add your comment!
Anticipating the Euro area banking sector is resilient, with strong capital and liquidity positions, and that inflation is projected to remain too high for too long, the European Central Bank announced on Thursday that the ECB Governing Council decided to increase the three key ECB interest rates by 50 basis points, in line with its determination to ensure the timely return of inflation to the 2% medium-term target.Add your comment!
Argentina's Defense Minister Jorge Taiana Wednesday signed the so-called Productive Cooperation Agreement deal with Swedish developers SAAB Dynamics. The agreement provides for SAAB's support to the Argentine company INVAP for the integration of radars to the RBS-70 system, as well as for the technological transfer to the Armed Forces.Add your comment!
A Chilean Court Thursday sentenced former Army Brigadier General Orlando Carter Cuadra to 10 years and one day in prison for Dec. 14, 1973, murders of Bautista Van Schouwen Vasey and Patricio Munita Castillo (22) in Santiago. The deceased belonged to the Revolutionary Left Movement (MIR) political party.Add your comment!
Oil prices continued their slide on Wednesday after another banking fallout unsteadied the market further. WTI plunged 4.21% on Wednesday, falling below US$ 70 for the first time since December 2021 to US$ 68.33 per barrel ET. Brent Crude fell over 3.94% to US$ 74.40, for a loss of US$ 3.05 per barrel.Add your comment!
UN Secretary-General Antonio Guterres accused oil and gas companies of making excessive profits from the energy crisis sparked by the war in Ukraine, calling it immoral. Guterres, releasing a UN report on the consequences of Russia's invasion of Ukraine, urged governments to tax the companies' earnings.Add your comment!