Politics

• Tuesday, May 24th 2016 - 08:18 UTC

  Brazil and Argentina to work together to help find a solution to Venezuela

  

  Brazil and Argentina will work together to help find a solution to Venezuela's political crisis, Brazil's acting foreign minister said on Monday. Venezuela is facing a severe economic crisis, with the world's highest inflation and shortages. Polls indicate most Venezuelans want President Nicolas Maduro out of office.

• Tuesday, May 24th 2016 - 08:05 UTC

  Macri's Argentina and Temer's Brazil seal close political and working relationship

  

  Argentina and the new interim government of Brazil sealed this Monday their close relationship when foreign minister Jose Serra in a brief visit to Buenos Aires, his first overseas trip, met privately with President Mauricio Macri. . Earlier in the day the Brazilian official signed a memorandum of understanding for a bilateral mechanism of political coordination with his peer Susana Malcorra.

• Tuesday, May 24th 2016 - 05:34 UTC

  Temer loses top minister to Petrobras scandal: recordings expose plans to obstruct investigation

  

  Brazil's Planning Minister Romero Juca said on Monday he will temporarily step down after a newspaper published recordings of him discussing plans to obstruct the country's biggest-ever corruption investigation, which includes him among its targets.

• Tuesday, May 24th 2016 - 05:25 UTC

  Francis resumes dialogue in the Vatican with the higherst authority of Sunni Islam

  

  Francis has met the grand imam of Cairo's al-Azhar mosque after a five-year pause in dialogue between the Roman Catholic Church and the mosque, the highest authority of Sunni Islam. Sheikh Ahmed al-Tayeb visited the Vatican en route to a Paris conference involving Muslims and Catholics.

• Tuesday, May 24th 2016 - 05:16 UTC

  Meirelles on Tuesday will announce spending cuts to contain a huge fiscal deficit

  

  Brazil's government on Tuesday will announce spending curbs and other measures to reduce its rising debt burden and contain a fiscal deficit as it seeks to regain the confidence of investors, Finance Minister Henrique Meirelles said.

• Tuesday, May 24th 2016 - 05:08 UTC

  Brazilian Justice warns government should not interfere in trials and recommends transparency

  

  Brazilian federal judge hearing the Petrobras case, Sergio Moro, avoided commenting Monday on the voice recording in which a minister of acting-President Michel Temer suggests ways to end the investigation into corruption at the state-run oil company Petrobras, but warned that the government should not interfere in trials, which are the responsibility of the justice system.

• Tuesday, May 24th 2016 - 00:49 UTC

  Infantino admits public opinion “views FIFA with skepticism”, following Scala's resignation

  

  FIFA president Gianni Infantino admits “the public view FIFA with skepticism” after a series of corruption scandals. But in answer to critics who say a recent move has weakened efforts to reform FIFA, he said “from now on the focus should be on our actions and deeds, rather than on premature conclusions and speculation.“

• Monday, May 23rd 2016 - 14:29 UTC

  Brexit and Bank of Japan easing described as major risks at G7 finance and central banks meeting

  

  The G7 finance ministers and central bank governors concluded their 2-day meeting in Sendai, Japan on Sunday. The discussion of international event and banking risk has set the stage for issues to be discussed at the larger G7 leaders’ summit starting on the 26th.

• Monday, May 23rd 2016 - 12:14 UTC

  Argentina, one of Brazil´s main foreign policy priorities, anticipated Serra who is expected in Buenos Aires

  

  Argentina will be one of the main priorities for Brazil’s interim government under President Michel Temer, declared foreign minister José Serra who is expected this Monday in Buenos Aires for his first overseas trip. He is also anticipated a review and redraw of Mercosur plus agreements with the US, European Union and Japan.

• Monday, May 23rd 2016 - 11:28 UTC

  What does the next OPEC meeting have in store?

  

  The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran. The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with a new oil minister, and Iran aggressively pumping close to pre-sanction levels.