Stories for 2025

Monday, February 10th 2025 - 09:45 UTC
Argentine gov't to privatize major cargo railway line

Argentine President Javier Milei has signed the decree ordering the key cargo railway Belgrano Cargas y Logística S.A. line privatized, Presidential Spokesman Manuel Adorni confirmed. “President Javier Milei has just signed the decree that initiates the process of total privatization of the Belgrano Cargas y Logística S.A. company,” he wrote on social media. The Argentine State “will cease to be the operator of the cargo railway services and all its infrastructure: rolling stock, tracks, workshops, and real estate,” Adorni also noted.
Monday, February 10th 2025 - 09:40 UTC
Colombia: Petro undertakes major cabinet reshuffle

Colombian President Gustavo Petro Sunday asked every member of his cabinet to submit their resignation, as he intends major adjustments to fully comply with the National Development Plan. “I have requested protocol resignation to ministers, ministers, and directors of administrative departments,” Petro posted on X.
Monday, February 10th 2025 - 09:10 UTC
Trump slaps 25% tariffs on all steel and aluminum imports

US President Donald Trump announced this weekend that 25% tariffs would be applied to all steel and aluminum imports effective immediately. “Any steel coming into the United States is going to have to have a 25% tariff. Also aluminum. 25% for both,” Trump said aboard Air Force
Monday, February 10th 2025 - 09:03 UTC
Lula warns Trump he was not elected to rule the world

Brazilian President Luiz Inácio Lula da Silva was harshly critical of his US colleague Donald Trump's announcement that his country would take over the Gaza Strip and turn it into the Riviera of the Middle East. “Nobody is going to make a beautiful place on top of thousands of dead bodies of women and children,” said Lula during a radio interview in Bahia State.
Monday, February 10th 2025 - 08:51 UTC
Pope halts homily amid shortness of breath

Argentine-born Pope Francis was forced Sunday to interrupt his homily in St. Peter's Square during the Armed Forces Jubilee Sunday due to notorious breathing difficulties. “Now I apologize and ask the master to continue the reading due to difficulty in breathing,” said Jorge Mario Bergoglio before a crowd featuring numerous troops and police officers from various countries.
Monday, February 10th 2025 - 08:28 UTC
Judge keeps Musk's DOGE from further digging into US Gov's spending

Citing potential “irreparable harm,” US Federal Judge Paul A. Engelmayer Saturday blocked Elon Musk's Department of Government Efficiency (DOGE) from accessing specific records within the Treasury Department, thus acquiescing to a request from New York Attorney General Letitia James and 19 States under Democratic rule.
Sunday, February 9th 2025 - 19:38 UTC
Brazil’s interest rate raised to 13.25% and further increases forecasted

Brazil's central bank raised its benchmark interest rate, Selic, by 100 basis points for the second straight meeting last Wednesday and anticipated another similar hike in March, concerned about mounting inflationary pressures.
Sunday, February 9th 2025 - 19:28 UTC
BoE chair fears “fragmentation of world economy” if Trump abandons IMF and World Bank

The Governor of the Bank of England Andres Bailey has urged continued US support for two major global economic institutions. According to a piece published by BBC, Mr. Bailey said he was “following extremely closely” whether the Trump administration would change its support for the International Monetary Fund (IMF) and the World Bank.
Sunday, February 9th 2025 - 19:04 UTC
BoE cuts rate to 4.50% but slashed UK growth to 0.75% and ups inflation estimate to 3.5%

The Bank of England last Thursday cut interest rates 25 percentage points to 4,50%, but at the same time slashed its growth forecast for the year and warned the near-term outlook for the economy had become complicated.
Sunday, February 9th 2025 - 10:58 UTC
Falklands launches Land Recovery Program consultation to sponsor agriculture and biodiversity

The Falkland Islands Government (FIG) has launched a public consultation to help shape a Land Recovery Program. This initiative is aimed at supporting farmers and other land managers in restoring degraded land, sustaining agricultural productivity, and enhancing biodiversity.