
Bolivia's president-elect, Rodrigo Paz Pereira, announced on Monday his intention to reestablish diplomatic relations with the United States after a 17-year hiatus under the Movement Toward Socialism (MAS) governments.

Brazilian President Luiz Inácio Lula da Silva announced that Federal Congressman Guilherme Boulos will be the new Minister of the General Secretariat of the Presidency, replacing Márcio Macêdo. The appointment is expected to be published in the Diário Oficial da União (Official Gazette) on Tuesday.

Like-minded former Presidents Mario Abdo Benítez of Paraguay (2013-2018) and Álvaro Uribe of Colombia (2002-2010) met Monday at the latter's home in the department of Antioquia to exchange views on the situation in their respective countries and in Latin America.

Brazil's state-owned oil company, Petrobras, has received a license from the Brazilian Institute of the Environment and Renewable Natural Resources (Ibama) to begin exploratory oil drilling on the Equatorial Margin of the Amazon, an area with high hydrocarbon potential, it was announced on Monday.

The White House has begun the demolition of a portion of the East Wing to make way for President Donald Trump's planned US$250 million ballroom. First built in 1902, the East Wing has been renovated multiple times, with a second floor added in 1942.

When oil prices in the international market are sliding faster than expected, already in the range of US$ 50 the barrel, the International Energy Agency, IEA in its latest report anticipated that because of soaring “supply and subdued demand”, oil oversupply will be larger than expected, both in 2025 and 2026. IEA warns that while demand growth is down, supply growth will lead to a record supply overhang, since oil stocks are already soaring, mainly that stockpiled in tankers in water.

So far this year, Mexico has shipped more than US$ 3 billion worth of subsidized fuel to Cuba through Gasolinas Bienestar, a subsidiary of Pemex, according to an investigation by Mexicanos Contra la Corrupción y la Impunidad (MCCI), as reported by OilPrice.

Shetlands’ author and former fish farmer John Goodlad visited the Falklands this week to give a public talk, at the invitation of Unity Marine (*). The expert advisor for two seafood investment funds and three times author, spoke about his latest publication, ‘Food from the Sea: The Future of Seafood’. Falklands TV talked with him about his experiences and views on the future of sustainable seafood and the potential for salmon farming in the Falklands.

Salmon farming was once again a topic of conversation last week, both in Stanley and further afield in the Faroe Islands. A small delegation from Salmon Free Falklands recently spent a week in the Faroes, intent on gathering facts and figures, and listening to local expert opinions about the industry there.

Global interest in esports is skyrocketing, yet the sector is still in its early stages of development. More interestingly, online and offline esports tournaments have increased dramatically in the last several years. The cities that host these events often experience a substantial increase in tourist and economic activity, but what is causing this growth engine?