Stories for May 2025

Thursday, May 8th 2025 - 10:41 UTC
BCB ups Selic rate to 14.75% per annum

Brazil's Central Bank's (BCB) Monetary Policy Committee (Copom) unanimously decided Wednesday to raise the Selic benchmark rate by 0.5 percentage points to 14.75% per year, consolidating a contraction cycle. This decision was driven by high food and energy prices and global economic uncertainties, and the financial markets were expecting the move.
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Thursday, May 8th 2025 - 10:30 UTC
Argentine Senate gives thumbs down to Clean Record bill

Argentina's Senate rejected the “Clean Record” bill barring individuals convicted on appeal of serious crimes from running for public office, with 36 votes in favor and 35 against, falling one vote short of the required 37 for approval.
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Thursday, May 8th 2025 - 10:23 UTC
Orsi disagrees with Pepe Mujica on PIT-CNT's role during previous gov't

Uruguayan President Yamandú Orsi disagreed with former President José Pepe Mujica’s remarks about the PIT-CNT union during a May 1st event, noting he discussed “more important things” with his former mentor. He also reckoned on taking note of the labor grouping's approach, particularly regarding upcoming wage council negotiations.
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Thursday, May 8th 2025 - 09:16 UTC
Vatican: First round of voting results in black fumata

The first vote of the 2025 conclave to elect Pope Francis' successor on Wednesday ended in black smoke at 9 pm local time. According to local media, a delay was caused by a 45-minute meditation by Cardinal Raniero Cantalamessa and the inexperience of many non-Italian-speaking cardinals. Over 45,000 faithful were waiting for it in St. Peter's Square.
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Thursday, May 8th 2025 - 08:34 UTC
Former Paraguayan President welcomes Milei's Yacyretá tariff adjustment

Former Paraguayan President and Yacyretá Binational Entity (EBY) Director Nicanor Duarte Frutos said Argentine President Javier Milei's decree adjusting the energy tariff from US$ 17 to US$ 28 per megawatt-hour (MWh) was the right thing to do and insisted that the measure did not violate any treaty. It rather establishes an effective charge for energy consumption to be paid by his country's National Electricity Administration (ANDE) and the Wholesale Electricity Market Administration Company (CAMMESA).
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Thursday, May 8th 2025 - 04:53 UTC
Is It Worth Ordering from Temu? A Review of the Service Based on Real User Feedback

This site has sparked many questions from shoppers.
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Wednesday, May 7th 2025 - 19:34 UTC
Brazil tackling famine crisis by suspending fraudulent benefits

Brazilian Minister of Development and Social Assistance Wellington Dias highlighted Wednesday that his country, one of the world's leading food producers, was beginning to overcome its famine problem affecting over 33 million people. He made those remarks during the Bom Dia Ministro broadcast show on the State-run EBC station.
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Wednesday, May 7th 2025 - 19:04 UTC
Conclave to pick new Pope under session

The conclave to elect Pope Francis' successor began Wednesday with 133 cardinals locked in the Sistine Chapel, isolated from the outside world. The process started with the “extra omnes” prayer, signaling the closure of the chapel doors. The cardinals, sworn to secrecy, will vote until a new pope is chosen by a two-thirds majority (89 votes). The first vote would be voting in the afternoon, with smoke -black or white- expected any minute.
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Wednesday, May 7th 2025 - 10:55 UTC
Milei adjusts Yacyretá tariff ahead of new operating agreement

Argentine President Javier Milei signed Decree No. 303/2025, authorizing a new Operating Agreement for the Yacyretá Hydroelectric Power Plant, a binational entity co-owned by Argentina and Paraguay. The agreement sets a tariff increase from US$17 to US$28 per megawatt-hour (MWh) to optimize supply, ensure financial stability, and support technological modernization
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Wednesday, May 7th 2025 - 10:41 UTC
Brazil's STF indicts 7 others in “Parallel Abin” case

Brazil's Supreme Federal Court (STF) unanimously decided to indict seven more people in connection with a coup plot during the government of former President Jair Bolsonaro.
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