It has been a bad year, Chilean President Michelle Bachelet told a Santiago newspaper this week, admitting that corruption scandals have sapped confidence in the country's institutions while sparking a reform drive that should bear fruit going forward.
An Argentine court handed down prison sentences of up to nine years for those charged in the February 2012 train accident in Buenos Aires that killed 51 people and injured more than 700.
For the eighth season, Argentina's Antarctic bases and stations are to be supplied by the Russian polar vessel Vasily Golovnin from Arkadia Ltd. This has been going on since 2007 when the Argentine flagship ice-breaker Almirante Irizar caught fire in the high seas and is still in repairs waiting for the necessary funds.
Analysts expect Brazil's economy to contract by 2.81% in 2016 after contracting by 3.70% this year, marking the biggest drop in economic output in 25 years, the Central Bank said on Monday. Economists are forecasting an inflation rate of 10.72% this year, the highest rate in 13 years, and 6.86% in 2016. The estimates seem to be supported by the latest numbers referred to the budget deficit.
The huge corruption case swirling around Brazilian oil company Petrobras is being called the world’s largest, and increasing numbers of Norwegian companies seem to be getting tangled up in it. Norwegian bosses mostly claim no knowledge of any bribes being paid, but investigations are underway on several fronts.
Less than one third of Spaniards want a re-run of 20 December's election, which resulted in a stalemate, with two-thirds favoring a pact between parties, a poll showed. Just 7% of those surveyed said they would change their votes in a fresh election, while 87.1% said they would vote the same way.
A growing number of foreign investors are signaling interest in Argentina following the pro-market turn that newly-inaugurated President Mauricio Macri started showing since taking office. The latest financial player to endorse the country as a promising investment destination was JP Morgan Chase, the largest bank in the United States, where current Finance Minister Alfonso Prat-Gay worked in the past.
Brazil’s reluctance to accept an Argentine born pro-settler politician as Israeli ambassador has triggered a diplomatic clash and concerns it could seriously damage future relations between the two countries.
The new five-year Strategy for South Georgia & the South Sandwich Islands 2016-2020 was published on 27th November. The Strategy sets out an ambitious agenda to deliver the highest standards of environmental stewardship and governance for the British Overseas Territory, according to the latest South Georgia Newsletter.
Argentina's two largest state workers unions have warned they will be carrying out a strike on December 29 as a response to president Mauricio Macri's government vow to review public-sector contracts.