Stories for May 28th 2025

Wednesday, May 28th 2025 - 21:08 UTC
Uruguay keeps Monetary Policy Rate unchanged at 9.25%

The Central Bank of Uruguay (BCU) decided to maintain the Monetary Policy Rate (MPR) at 9.25%, the Monetary Policy Committee (Copom) and BCU President Guillermo Tolosa announced. This unanimous decision seeks to strengthen the contractionary bias of monetary policy to continue the disinflation process and align inflation expectations with the target of 4.5% annually.
Add your comment!
Wednesday, May 28th 2025 - 20:41 UTC
Azul files for Chapter 11 bankruptcy protection

Brazil's Azul Airlines, the country’s third-largest carrier, filed for Chapter 11 bankruptcy protection in a New York court on Tuesday to restructure R$ 31.35 billion (US$ 5.56 billion) in debt. The filing follows a 50.3% debt increase in Q1 2025, driven by currency volatility, high US interest rates, and supply-chain issues, including Pratt & Whitney engine recalls resulting in grounded aircraft. Additionally, partnerships with ACMI providers like EuroAtlantic faced legal challenges from Brazilian labor unions over foreign crew usage.
Add your comment!
Wednesday, May 28th 2025 - 11:14 UTC
Argentina: Milei’s intelligence plan raises concerns over domestic surveillance

Argentina's government under President Javier Milei is under fire after the leak of a controversial National Intelligence Plan (PIN) that could lead to internal espionage targeting critics of his administration.
Add your comment!
Wednesday, May 28th 2025 - 10:59 UTC
RFK, Jr., and Milei agree on creating an alternative to the WHO

Argentina, under President Javier Milei, announced its withdrawal from the World Health Organization (WHO), becoming the first country in the region to do so, following the United States' exit under President Donald Trump.
Add your comment!
Wednesday, May 28th 2025 - 10:56 UTC
Peru joins railroad project to Chancay to boost Chinese trade

Peru has joined Brazil and China's transcontinental railroad project to connect the Pacific coast with the Atlantic Ocean across South America, offering an alternative trade route to the Panama Canal. This railway aims to facilitate the transport of Brazilian goods, such as soybeans and minerals, to China’s Shanghai port via Peru’s Chancay port, reducing maritime trade distance by about 10,000 km and easing reliance on Brazil’s congested Santos port.
Add your comment!
Wednesday, May 28th 2025 - 10:51 UTC
Bird flu outbreak in Río Grande do Sul contained, says Brazilian minister

Brazil's Agriculture Minister, Carlos Fávaro, announced Tuesday during a public hearing at the Senate Committee on Agriculture and Agrarian Reform that the bird flu outbreak in Montenegro, Rio Grande do Sul, has been successfully contained. The country's health system quickly implemented measures, including inspections of 540 nearby rural establishments and setting up sanitary barriers.
Add your comment!
Wednesday, May 28th 2025 - 10:40 UTC
Future of Maradona Case trial to be decided this week

Deputies in the Buenos Aires Provincial Legislature unanimously agreed to request impeachment proceedings against Judge Julieta Makintach for her involvement in a documentary about the malpractice trial of Diego Maradona's medical team. The magistrate played a leading role in the film despite denying any wrongdoing.
Add your comment!
Wednesday, May 28th 2025 - 10:33 UTC
Brazil: Labor Ministry files suit against BYD for slave-like working conditions

Brazil's Labor Ministry (MPT) has filed a public civil lawsuit against Chinese automaker Build Your Dreams (BYD) and two contractor companies, China JinJiang Construction Brazil and Tonghe Intelligent Equipment of Brazil (now Tecmonta), for slave labor and international human trafficking.
Add your comment!