
Argentine President Javier Milei devoted his speech on Tuesday at the American Chamber of Commerce (AmCham) summit to addressing the March inflation figure released hours earlier by statistics agency INDEC: a monthly 3.4%, the highest reading in a year and the tenth consecutive month of acceleration since the 1.5% recorded in May 2025.
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Uruguayan President Yamandú Orsi will travel to Barcelona on Friday to attend the fourth Democracy Always summit, a gathering of 19 heads of state convened by Spanish Prime Minister Pedro Sánchez, where the Uruguayan leader will focus his remarks on the value of multilateralism, according to Foreign Minister Mario Lubetkin.
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US President Donald Trump on Tuesday turned on Italian Prime Minister Giorgia Meloni, until recently his closest ally in Europe, in a phone interview with the Italian daily Il Corriere della Sera. I thought she had courage, but I was wrong, Trump said, criticizing Meloni for refusing to involve Italy in the war against Iran and for calling his attacks on Pope Leo XIV unacceptable.
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The US Treasury Department on Tuesday lifted financial sanctions on Venezuela's Central Bank and three other state-owned banking institutions, in the most significant easing of the punitive regime in place since 2017. On the same day, Treasury Secretary Scott Bessent publicly endorsed efforts by the International Monetary Fund to reintegrate Venezuela into the international financial system.
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The count in Peru's presidential election is advancing slowly and without resolution. With 72% of ballots processed by the National Office of Electoral Processes (ONPE) early Tuesday morning, Keiko Fujimori (Fuerza Popular) holds first place with 16.94% of the vote. Second place, which grants entry to the June 7 runoff, remains open: Rafael López Aliaga (Renovación Popular) stands at 13.0%, Jorge Nieto (Buen Gobierno) at 12.0% and leftist Roberto Sánchez (Juntos por el Perú) at 9.73%, with the gap narrowing as ballots from the country's interior are added.
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Argentine Economy Minister Luis Caputo said on Monday that March inflation will exceed 3%, which would make it the highest monthly reading of 2026, hours before the national statistics agency INDEC is scheduled to release the Consumer Price Index on Tuesday, April 14, at 4:00 p.m.
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Brazil, the world's largest coffee producer and exporter, shipped 8.4 million 60-kilogram bags between January and March 2026, a volume 21.2% below the same period in 2025, the Brazilian Coffee Exporters Council (Cecafé) reported on Monday. Export revenues also fell 13.6%, to US$3.371 billion.
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Graciela Molina and Victoria Cancio, mother and daughter, testified for nearly three hours on Monday before federal prosecutor Gerardo Pollicita at the Comodoro Py courthouse as witnesses in the alleged illicit enrichment case against Argentine Cabinet Chief Manuel Adorni. Both confirmed they provided a US$100,000 cash loan to the official and that he still owes US$70,000, due in November 2026, according to judicial sources cited by Infobae.
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Two oil tankers reversed course as they approached the Strait of Hormuz on Monday, just hours after the US naval blockade against Iranian ports took effect, according to maritime tracking platform MarineTraffic. Brent crude for June delivery closed up 4.4% at $99.36 per barrel, while US benchmark WTI rose 2.6% to $99.08, according to Bloomberg.
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Venezuela's government on Monday signed an agreement expanding US oil company Chevron's operations in the country, weeks after a hydrocarbon reform opened the sector to private and foreign investment. The signing ceremony took place at the Miraflores presidential palace in Caracas.
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