Argentina's Consumer Price Index (CPI) rose 1.9% in July, bringing the year-on-year inflation to 36.6% and the year-to-date figure to 17.3%, according to a report from the National Institute of Statistics (Indec) released Wednesday in Buenos Aires. This marks the third consecutive month with a monthly inflation rate below 2%, a trend not seen since late 2017.
Edson Fachin was chosen on Wednesday to serve as Chief Justice of Brazil's Supreme Federal Court (STF) for the next two years, starting on Sept. 29. Justice Alexandre De Moraes will become Deputy Chief Justice.
Tensions between Colombia and Peru have risen following a series of incidents in the disputed area of Santa Rosa de Loreto, on the Amazon River. The latest occurred on Monday, when former Medellín mayor and presidential hopeful Daniel Quintero raised the Colombian flag on Chinería Island, territory under Peruvian control. “There is no way I will let Peru take the Amazon River from us… homeland or death,” he declared in a video posted on social media.
A US State Department report for 2024 has found that the human rights situation did not improve significantly in Paraguay, and cited serious issues related to freedom of expression, press harassment, and restrictions on civil society.
A study by the Catholic University of Uruguay's (UCU) Economic Observatory on the Salto Campus released this week showed that goods were once again much less expensive in Argentina. However, the difference was not as large as in previous years.
Brazilian President Luiz Inácio Lula da Silva announced Tuesday that he would be sending a bill to Congress, providing for the regulation of social media. “We are going to regulate because it is necessary to establish minimum standards of behavior and procedure for the operation of a digital network,” he told Band News.
At least nine people were reported dead Tuesday after an explosion at the Enaex Brasil explosives factory in Quatro Barras, a municipality in the southern State of Paraná, near Curitiba. In addition, seven people were injured.
A report by the SME Observatory Foundation (FOP) warned that one-third of Argentina's small and medium-sized industrial enterprises (SMEs) were losing market share to imports. The study, which surveyed 407 companies, found that 45% of SMEs feel a growing threat from imported goods, the highest level since 2007.
Paraguayan authorities shut down branches of the mini-market chain Biggie Express on a temporary basis in a measure believed to be politically motivated. We are here doing what President Santiago Peña asks us to do..., said Sara Irún, head of the Secretariat for Consumer and User Protection (Sedeco). The National Health Surveillance Directorate (Dinavisa) was also involved.
Argentina's Navy is considering modernizing its fleet with units from Denmark and Italy, it was reported this week in Buenos Aires.