Stories for March 2023

Friday, March 17th 2023 - 10:18 UTC
Lula and Abdo discuss Itaipú, Unasur, and UE deal

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.
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Friday, March 17th 2023 - 10:15 UTC
Tense relationship between Ecuador and Argentina due to former minister's escape to Venezuela

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.
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Friday, March 17th 2023 - 09:25 UTC
Falklands Education Director discusses history school curriculum with Uruguayan media

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.
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Friday, March 17th 2023 - 08:48 UTC
BCRA adjusts benchmark interest rate: 78% annually

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.
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Friday, March 17th 2023 - 08:02 UTC
De Moraes releases another 129 Jan. 8 suspects

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.
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Friday, March 17th 2023 - 07:53 UTC
“Euro area banking sector is resilient, with strong capital and liquidity positions”, ECB President Lagarde

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.
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Friday, March 17th 2023 - 07:37 UTC
Argentina, SAAB sign military radar technology deal

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.
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Friday, March 17th 2023 - 07:27 UTC
Chilean secret police officer convicted for 1973 crime

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.
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Friday, March 17th 2023 - 00:44 UTC
With the collapse of Credit Suisse, oil prices continue to slide, 10% in a week

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.
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Friday, March 17th 2023 - 00:20 UTC
UN chief Guterres accuses oil and gas companies of making “immoral profits”

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.
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