
The Government of the Argentine president Javier Milei included in the draft 23027 budget a historic initiative to advance in the acquisition of submarines and all purpose firgates for the Navy as part of his policy to reequip and modernize the armed forces.

With presidential elections in two weeks’ time, Brazil’s central bank cut its benchmark interest rate for the fifth straight time. The bank lowered the so-called Selic rate from 14% to 13.75%, and is part of a cycle that began in March after almost two years of rate hikes.

President Donald Trump said he has confidence in the recerntly appointed Federal Reserve chair Kevin Warsh and found a way to justify the central bank’s decision to increase the benchmark interest rate to 4%, the first since 2023.

A member of the Falkland Islands Legislative Assembly said the archipelago's current defenses are sufficient, in response to questions raised in Westminster over the maintenance of the armed forces and the equipment deployed in the islands.

The United States government removed Venezuela and Bolivia from the category of countries that Washington says have failed to demonstrably combat international drug trafficking, while keeping Colombia, Afghanistan and Myanmar on that list. The determination, sent to Congress on Tuesday and released by the State Department on Wednesday, is part of the annual assessment of the 23 countries deemed major drug transit or producing states, five of which had been designated last year as having failed demonstrably.

Argentina's foreign ministry expressed its strongest rejection on Tuesday of the guidance the British government published the previous day for companies conducting economic activity in the Falklands, and said it would continue applying its legislation against firms operating hydrocarbons in the area without Argentine authorization.

Lawyers for former Argentine president Cristina Fernández de Kirchner said on Tuesday they have added a new element to the petition they are pursuing before the UN Human Rights Committee, seeking to overturn her final conviction in the Vialidad case and, more immediately, to set aside the lifetime ban from public office that prevents her from running in next year's presidential election.

European Commission President Ursula von der Leyen proposed on Wednesday that Canada become the European Union's first associate member, a status not provided for in the bloc's treaties and whose details have not been defined.

Argentina's government said on Tuesday that the integrated naval base it plans in Ushuaia will allow it to monitor and control natural resources and sovereignty in the South Atlantic, and announced it will file further complaints against companies exploring for or extracting hydrocarbons without Argentine authorization in waters near the Falklands.

In a population of fewer than four thousand, the English of Stanley's streets sits alongside the Spanish of a sizeable Latin American community, the Tagalog of Filipino residents, the Afrikaans of South Africans and the Shona of Zimbabweans. The 2021 census, the most recent available, recorded 86 nationalities in the Falklands, a British overseas territory whose sovereignty Argentina claims.