Latin America

• Monday, May 16th 2016 - 21:35 UTC

  Urban unemployment in Latin America to increase 7% this year, says ECLAC

  

  Urban unemployment in Latin America will hit 7% this year, growing 0.5 percent point from last year’s 6.5% rate, the International Labour Organization (ILO) and the Economic Commission for Latin America and the Caribbean (ECLAC) said in a joint report — a drop linked to the region’s lower growth.

• Monday, May 16th 2016 - 18:52 UTC

  April FAO Food Price Index 10% below a year ago; South America soy prospects less favorable

  

  The FAO Food Price Index (FFPI) averaged 151.8 points in April 2016, up 1.1 points (0.7 percent) from March, but almost 10 percent below its April 2015 level. A relatively strong rise in vegetable oil quotations coupled with a more modest gain in international prices of cereals more than offset a decline in dairy and sugar prices.

• Monday, May 16th 2016 - 18:49 UTC

  Venezuelan soldiers steal goats because no food is left in the barracks

  

  The situation in Venezuela has become so bad that even soldiers are struggling to support themselves. Over the weekend, six members of the Venezuelan military were detained by local authorities for stealing goats, the Venezuelan newspaper El Nacional reported on Sunday. It said the soldiers confessed to stealing the goats and said they did it to feed themselves, since they had no food left in their barracks.

• Monday, May 16th 2016 - 18:45 UTC

  Petrobras implosion takes a major player from the floating production systems market

  

  Brazil´s Petrobras problems has taken a major player from the market for new floating production systems in the oil business, according to a report from the industry. In effect absence of new contracts has forced fabricators and equipment suppliers to make huge cutbacks in personnel and spending and the past 12 to 18 months have been a difficult period the whole deepwater production sector.

• Monday, May 16th 2016 - 07:35 UTC

  Guatemala/Belize conflict erupts following another border killing

  

  Tensions over a disputed border between Guatemala and Belize again erupted over the weekend with a new shooting incident less than a month after Belizean soldiers killed a teen. Belize said one of its patrols had to shoot and wound a Guatemalan man who threatened them with a machete after he was found on the Belize side of the border with companions illegally prospecting for gold.

• Monday, May 16th 2016 - 05:46 UTC

  Brazil warns neighbors about “propagating falsehoods over the internal political process”

  

  Brazil's interim government dismissed criticism by populist countries in Latin America, including Venezuela, Cuba and Bolivia, over the impeachment process of Dilma Rousseff, who was suspended as president by the senate.

• Friday, May 13th 2016 - 05:42 UTC

  Falklands' government prepared to explore potential cooperation with Argentina

  

  Britain reiterated interest in strengthening relations with Argentina in areas of mutual interest, but also underlined London's position regarding the Falkland Islands remains unchanged, while from Stanley, the Falklands' elected government expressed its willingness to explore a potential cooperation with the Argentine government.

• Tuesday, May 10th 2016 - 08:42 UTC

  Keiko with slight lead over Kuczynski ahead of Peruvian presidential runoff

  

  Peruvian presidential contender Keiko Fujimori has a slight lead over rival Pedro Pablo Kuczynski ahead of the June 5 run-off election, according to a poll published on Sunday. The two pro-business candidates emerged from a first round election on April 10.

• Saturday, May 7th 2016 - 13:22 UTC

  Venezuela accuses Washington and the opposition of plotting to overthrow Maduro

  

  Venezuela's foreign minister accused the United States of conspiring to topple President Nicolás Maduro's government in conjunction with Venezuela's opposition. Minister Delcy Rodríguez says the plot includes attempting to remove Maduro's government from the Organization of American States in conjunction with the organization's secretary-general, Luis Almagro.

• Saturday, May 7th 2016 - 08:29 UTC

  Falklands' MPA infrastructure to be upgraded with a £55.7 million contract

  

  A £55.7 million contract to upgrade infrastructure at MPA, in the Falkland Islands was signed this week between Southampton based Trant Engineering Ltd and the UK Defense Infrastructure Organization (DIO).