The 44-year-old economist Santiago Peña was sworn in Tuesday as the new president of Paraguay during a ceremony at Asunción's López Palace attended by several current and former South American and world leaders.
Argentina's National Institute of Statistics and Census (Indec) announced Tuesday that the variation in the Consumer Price Index (CPI) for the month of July of 2023 was 6.3% for a total of 60.2% in the first seven months of the year and 113.4% interannually, it was reported in Buenos Aires.
Libertarian Congressman Javier Milei, who was the most-voted candidate in Sunday's Open, Mandatory, and Simultaneous Primary (PASO) elections, said he was ready to take over the helm at Casa Rosada at once should President Alberto Fernández and his constitutional successors step down ahead of the Dec. 10 schedule.
Russia's 's central bank hiked its key interest rate to 12% on Tuesday. The 3.5 percentage point rise represents a bid to fight high inflation and the sharp depreciation of the country's currency against the US dollar.
A key project to connect the ports of the Brazilian Atlantic with those of the Chilean Pacific, crossing Paraguayan territory is rapidly advancing.
Two-time former Uruguayan President Julio María Sanguinetti Tuesday praised Paraguayan President Santiago Peña's stance regarding the Southern Common Market (Mercosur), which would need a major overhaul. Paraguay, a major world food producer but landlocked, is a member of Mercosur along with Argentina, Brazil, and Uruguay.
Brazil's National Association of Motor Vehicle Manufacturers’ (ANFAVEA) has reported that July is not only the best month for sales so far this year but also the best month for volume and daily registration averages since December 2020.
We are facing the worst crisis in sheep farming, said Uruguayan Agriculture Minister Fernando Mattos, who added that the situation is not limited to Uruguay but to all world farmers who produce cross bred wool with a 24 to 26 microns fiber. The new reality are finer wools and we must face it.
A major-scale power outage left all of Brazil's states but one in the dark on Tuesday morning while the causes for such an event are still under investigation, it was reported. However, the National Electric System Operator (ONS) said that the reasons for the blackout and why the power grids linking the north and south of the country were separate issues. Authorities in South America's largest country said supply was back to normal after six hours.
The Falkland Islands Government and the British Embassies in Argentina, Chile, Paraguay and Uruguay are inviting university students to participate in the Regional Student Competition 2023 in the Falklands.