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Tuesday, March 21st 2023 - 10:10 UTC
Venezuelan oil minister resigns amid corruption scandal

Venezuelan Oil Minister Tareck El Aissami Monday resigned his post on Monday after the opening of a corruption investigation involving the state-owned oil company Petróleos de Venezuela (PDVSA) in which two officials have already been arrested. El Aissami, a powerful ally of President Nicolás Maduro, has been singled out by the United States as an alleged drug lord.
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Tuesday, March 21st 2023 - 10:05 UTC
Argentina tries to collect toll from Paraguay for Parana waterway traffic

As of Monday last week, Argentina's General Administration of Ports (AGP) started issuing invoices for “navigation settlements of the previous months.” In other words, a fee began to be collected for the passage of Paraguayan cargo through the Santa Fe-Confluencia section.
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Tuesday, March 21st 2023 - 09:55 UTC
Enslaved Paraguayan workers freed in Rio de Janeiro

Brazil's Federal Police Monday freed 19 Paraguayan nationals who were working at a Rio de Janeiro clandestine cigarette factory in slave-like conditions, Agencia Brasil reported. The workers arrived in Brazil blindfolded and did not even know they were in the municipality of Duque de Caxias, in Baixada Fluminense.
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Tuesday, March 21st 2023 - 09:51 UTC
Guterres warns climate bomb ticking

United Nations Secretary-General António Guterres said Monday in a recorded appearance before a UN Intergovernmental Panel on Climate Change (IPCC) that in order to avoid a climate catastrophe, carbon emissions must be halved by 2030 because “the climate bomb is ticking.”
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Tuesday, March 21st 2023 - 09:47 UTC
Argentine electricity company under intervention for 180 days

Following seemingly endless power cuts in the Buenos Aires area, Federal Economy Minister Sergio Massa ordered the intervention of suppliers Edesur and appointed Jorge Ferraresi as the company's new controller for a period of 180 days.
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Tuesday, March 21st 2023 - 08:12 UTC
Xi Jinping and Putin strengthen ties in Moscow

Russian President Vladimir Putin and his Chinese counterpart Xi Jinping held an informal meeting Monday in Moscow. The Chinese leader is on a state visit.
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Monday, March 20th 2023 - 16:08 UTC
It’s the Banking Regulations, Stupid

By Antonio Floglia (*), LONDON – Rather than developing a robust understanding of the errors that led to the 2008 global financial crisis, politicians and the public demanded that supervisory authorities simply double down on regulation. So, that is what they did, and we are now seeing the results with the sudden collapse of Silicon Valley Bank.
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Monday, March 20th 2023 - 16:05 UTC
Network of leading Western central banks ready to inject the necessary dollars liquidity

Leading central banks of the West announced on Sunday a coordinated action to provide liquidity to the financial system through the US swap liquidity line arrangements. The statement was signed by Secretary of the Treasury Janet L. Yellen and Federal Reserve Board Chair Jerome H. Powell and becomes effective Monday 20 March.
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Monday, March 20th 2023 - 16:04 UTC
Extreme surgery: Swiss government and UBS take over Credt Suisse

The Swiss National Bank said at a press conference in Bern on Sunday evening that UBS would be taking over embattled lender Credit Suisse. The deal will see UBS acquire Credit Suisse for 3 billion Swiss francs (US$ 3.23 billion).
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Monday, March 20th 2023 - 15:59 UTC
Moscow extends 60 days Black Sea Grains exports; Putin insists West sanctions on Russian exports must also be lifted

The United Nations announced on Saturday that a deal allowing for the safe export of grain from Ukrainian reports had been extended. The UN did not specify the length of the renewal, while Russia and Ukraine issued conflicting statements on the matter.
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