The Southern Common Market (Mercosur) is to sign a Free Trade Agreement (FTA) with the European Free Trade Association (EFTA) next Tuesday in Rio de Janeiro, it was announced on Friday. EFTA groups Norway, Switzerland, Iceland, and Liechtenstein, which will now partner with Argentina, Brazil, Paraguay, Uruguay, and Bolivia.
Southern Common Market (Mercosur) Members Argentina and Paraguay were two of the few countries opposing the United Nations General Assembly's (UNGA) overwhelming decision Friday to support a two-state solution for the Israeli-Palestinian conflict. The so-called “New York Declaration” was adopted with a vote of 142 in favor, 10 against, and 12 abstentions.
The Peruvian city of Chiclayo is holding a massive two-day tribute this weekend to celebrate Sunday's 70th birthday of its former US-born Bishop Robert Francis Prevost, now Pope Leo XIV.
US authorities have arrested the 22-year-old Tyler Robinson in connection with the assassination of conservative activist Charlie Kirk. Robinson was taken into custody near Zion National Park after a family member contacted police. Law enforcement officials believe he acted alone.
US carrier Avelo Airlines has placed an order for 50 Brazilian-built Embraer E195 E2 jets for US$4.4 billion, it was announced this week. The purchase is not subject to President Donald Trump's 50% tariffs on products from the South American country.
Digital payments used to be a novelty. Fast forward 10 years or so and now these are something people in Latin America (and the whole world) use every day. It’s hard to believe that this was once a region that heavily relied on cash, as it has now fully embraced mobile wallets, QR codes, and other digital solutions. This is partly because people are looking for faster and safer ways to handle money. Countries like Mexico, Brazil, and Argentina are leading this movement with many fintech companies that offer simpler and cheaper alternatives to traditional banks. Not only do they change the way people shop, but they also influence how trade happens between businesses both locally and abroad.
Albania's Prime Minister Edi Rama has appointed a new minister created with artificial intelligence to manage public tenders. Named Diella, or sun in Albanian, the AI-powered official is a virtual entity whose role is to eliminate human involvement in the bidding process to avoid further corruption scandals.