Politics

• Saturday, March 12th 2016 - 06:59 UTC

  Brazilian political leaders discuss strategy in the event of a presidential removal

  

  After expressing support for former president Lula da Silva, the Brazilian Democratic Movement Party (PMDB) met with main opposition leaders who are demanding President Dilma Rousseff be impeached. President of the Senate and member of the PMDB Renán Calheiros held extensive talks with the strongest opposition force, the Brazilian Social Democratic Party (PSDB), led by Aécio Neves, and agreed a joint strategy to face the crisis.

• Friday, March 11th 2016 - 20:47 UTC

  Odebrecht's involvement in Petrobras corruption scandal costing the conglomerate dearly

  

  The Odebrecht group of companies, whose top officials have been sentenced to prison for involvement in the corruption scheme of Brazil's largest company Petrobras, has come under strong pressure from its creditors to use the crown jewel, the petrochemical company Braskem as collateral to avoid filing for bankruptcy.

• Friday, March 11th 2016 - 20:03 UTC

  Rousseff rejects calls for her resignation and confirms Finance minister Barbosa

  

  Brazil's President Dilma Rousseff rejected calls for her resignation on Friday midst a political storm deepened by a massive corruption scandal and blamed her opponents for causing a crisis that has damaged the Brazilian economy. She also confirmed her Finance minister Nelson Barbosa.

• Friday, March 11th 2016 - 06:16 UTC

  Sao Paulo prosecutors insist on an arrest warrant for ex president Lula da Silva

  

  Sao Paulo state prosecutors in Brazil are seeking the arrest of former President Lula da Silva on charges of money laundering and identity fraud for concealing ownership of a beachfront apartment, his foundation said on Thursday. The effort to arrest the former president raised the stakes dramatically in the current crisis and was likely to further polarize protests on Sunday calling for the impeachment of president Dilma Rousseff.

• Friday, March 11th 2016 - 05:41 UTC

  Falklands' sovereignty statements, “an unnecessary provocation” says Argentine ambassador

  

  The private visit to Paraguay of Falkland Islands lawmaker Phyllis Rendell and her strong statements regarding sovereignty and the future of the Islands had an immediate reaction from the Argentine ambassador in Asunción Eduardo Zuain, who described the statements as an unnecessary provocation.

• Friday, March 11th 2016 - 05:29 UTC

  Brexit would be “a disaster for UK science” warn 150 fellows from Royal Society

  

  Stephen Hawking has called for Britain to stay in the EU, saying that a Brexit would be a “disaster for UK science”. A letter to the Times newspaper signed by more than 150 fellows of the Royal Society argues that leaving the EU would devastate research.

• Friday, March 11th 2016 - 05:18 UTC

  Brazil's Odebrecht network of alleged bribery practices investigated in several Latin American countries

  

  Argentina is investigating whether the local unit of Brazil's Odebrecht paid bribes to government officials, an Argentine prosecutor said this week, deepening the regional fallout from the biggest corruption scandal in Brazil’s history.

• Thursday, March 10th 2016 - 06:47 UTC

  Prosecutors ask for Lula da Silva to be placed under formal investigation

  

  Prosecutors in Brazil asked Wednesday that powerful ex-president Luiz Inacio Lula da Silva, who was questioned this week in a huge corruption probe, be placed under formal investigation. The press service of the Sao Paulo state prosecutors' office said precise details of the request were not yet known and that a news conference would be held Thursday.

• Thursday, March 10th 2016 - 06:26 UTC

  Falklands' sovereignty issues has been solved, says MLA Phyllis Rendell

  

  The member of the Falklands/Malvinas legislative assembly Phyllis Rendell on a private visit to Paraguay openly stated that the South Atlantic archipelago claimed by Argentina is a British Overseas Territory and underlined that the sovereignty issue was settled with a war between the two sides over thirty years ago.

• Thursday, March 10th 2016 - 05:49 UTC

  CEO Galuccio confirms he's leaving YPF and pledges “ordered transition”

  

  Miguel Galuccio confirmed he will be resigning as Argentina's YPF CEO and said he will guarantee an “ordered transition” ahead of the appointment of his successor. In a statement released on Wednesday, Galuccio said he will remain in his position until the upcoming Ordinary Shareholders Assembly takes place. He is expected to leave the state-run company after April 30.