Swiss pharmaceutical company Roche said this week it will stop producing medicines at its Rio de Janeiro unit in Brazil, a new blow to a country whose economy appears to be in its most sluggish decade in 120 years. Roche said the move will take place within the next five years because that factory is not financially sustainable.
Efforts to persuade MPs to back Theresa May's Brexit deal will continue on Thursday, a day after she promised to quit as PM if it was approved. Her pledge brought some on-side, such as ex-foreign secretary Boris Johnson.
A Chilean appeals court ruled on Wednesday that the Catholic Church should pay compensation to three victims in a sex abuse case involving former Santiago parish priest Fernando Karadima, a decision that could open the floodgates to similar lawsuits.
Uruguay formally announced it will support China's Agriculture and Rural Affairs deputy minister as the next Director-General of FAO to be elected June 2019. The official statement was made by Uruguay's foreign minister Rodolfo Nin Novoa during a meeting with China's Deputy Prime Minister Hu Chunhua in Montevideo.
Venezuela's opposition leader Juan Guaidó has called on his supporters to take to the streets in protest at nationwide power cuts. He also told followers to prepare for a final push to try to overthrow President Nicolás Maduro.
The United States was isolated at the United Nations Security Council on Wednesday over President Donald Trump’s decision to recognize Israel’s sovereignty over the Golan Heights as the other countries on the council opposed the move.
The Permanent Council of the Organization of American States (OAS) approved on Wednesday the resolution Humanitarian Assistance in Venezuela encouraging member states, permanent observers, and the competent international organizations “to continue providing support and implementing measures to address the humanitarian crisis in Venezuela.”
U.S. President Donald Trump on Wednesday called on Russia to pull its troops from Venezuela and said that “all options” were open to make that happen. The arrival of two Russian air force planes outside Caracas on Saturday believed to be carrying nearly 100 Russian special forces and cyber-security personnel has escalated the political crisis in Venezuela.
Former president Cristina Fernandez daughter, Florencia Kirchner will return to Argentina once she has received her medical release and is capable of taking a plane, said the family's lawyer Carlos Beraldi.
Investors in Argentina are starting to get the jitters. The gap in yield between local and U.S.-issued bonds has roughly doubled in the last month in the face of stubborn inflation and mounting peso outflows, heaping pressure on President Mauricio Macri ahead of elections later in the year.