Bringing together South American, Spanish and Portuguese communities in London, the LatinoLife in the Park Festival, which spotlights the richness of Latin music and culture, is now the largest event of its kind in the UK. Every year the festivities take place following a vibrant procession of hundreds of dancers and drummers.
France declared a 12-day state of emergency in the Overseas Territory of New Caledonia, following riots and arson that left at least four people killed. The trigger of the violence came after the French assembly in Paris passed a contentious voting bill, according to New Caledonia High Commissioner Louis Le Franc, who said that a curfew and a ban on TikTok were now in force.
Argentine Economy Minister Luis 'Toto' Caputo said Wednesday that the Libertarian administration of President Javier Milei had that the Government has “everything ready for dollarization.” The “recovery is very close,” he added as the “blue” (a euphemism for “black market”) dollar bounced back after it became evident that the government would be unable to deliver on Milei's promise to have an agreement signed with the provincial governors by May 25.
The future of Gibraltar and Northern Ireland after Brexit concerning Europe will be discussed Thursday at a meeting in Brussels in which the British Foreign Minister, Lord David Cameron, his Spanish colleague, José Manuel Albares, the Chief Minister of Gibraltar, Fabian Picardo, and the Executive Vice President of the European Commission, Maros Sefcovic, will participate.
Brazilian President Luiz Inácio Lula da Silva's decision to have Jean-Paul Prates removed as CEO of the State-run oil company Petrobras resulted in shares dropping more than 8% at the Sao Paulo Stock Exchange on Wednesday. Ordinary shares (PETR3) fell 8.36% while preferred shares (PETR4) went down 6.75%, it was reported. In addition, Petrobras' ADRs (American Depositary Receipt) in New York were down around 7.5% on Wednesday.
President Luiz Inácio Lula da Silva has ordered a reshuffle at the top of Brazil's state-run oil company Petrobras, with Magda Chambriard replacing Jean-Paul Prates as CEO, Agencia Brasil reported. Following the head of state's decision late Tuesday, the board of directors approved the early termination of Prates' term Wednesday morning. In the meantime, and until Chambriard takes office, Corporate Affairs Executive Director Clarice Coppetti has been appointed on an interim basis.
Argentine President Javier Milei became overtly extrovert on social media Tuesday after the National Institute of Statistics and Census (Indec) announced that April's monthly Consumer Price Index (CPI) had stood at 8.8%. “GOOOOOOOOOOOOOOOOOOOL...!!!!,” he wrote in football-fan mode. Meanwhile, Presidential Spokesman Manuel Adorni said inflation had “its death certificate signed.”
Given the calamity conditions in the southern state of Rio Grande do Sul, because of the floods and prospects of further rainfall, leaving at least two million people displaced, the government of Brazil has allowed the unrestricted entry of international donations into RGdoS for the ensuing 30 days.
The government of the French Overseas Territory of New Caledonia, to the east of Australia appealed to security forces and issued a 12-hour overnight curfew for Tuesday night following violent protests and rioting in the capital Noumea.
An initiative from Uruguay's ruling Multicolor coalition for the compulsory hospitalization of street dwellers has been signed into law, it was reported in Montevideo. The opposition Broad Front (Frente Amplio - FA) was split when voting in the Lower House.