Brazil's economy shrank 1.9% in the second quarter, sinking into a recession that has hammered President Dilma Rousseff's popularity. The quarterly contraction, reported by government statistics agency IBGE on Friday, was bigger than what markets expected and confirms the worst slowdown for Brazil in nearly three decades.
The Brazilian government is considering reviving a financial transaction tax known as CPMF in a bid to shore up its finances in 2016, but the initiative apparently does not have sufficient support in Congress and President Dilma Rousseff's main coalition ally, PMDB, is not willing to make the presentation.
Falkland Islands elected lawmakers believe that the election of MP Jeremy Corbyn as leader of Labor would be harmful for that party, but anyhow they are confident that as happened before, they can 'educate' detractors who argue that Britain and Argentina should negotiate over the Falklands.
Shame and double confession for the Vatican's deputy spokesman father Ciro Benedettini: it has now clearly emerged that Pope Francis was well aware he was holding a poster calling for Malvinas dialogue between the UK and Argentina, and furthermore the Holy Father encouraged the man who setup the stage to continue strongly with the campaign.
Britain cannot allow Spain to continue to ignore international law and bully Gibraltar, said MP Andrew Rosindell following the latest incursion in Gibraltar waters, this time a Spanish Customs crew that actually fired shots to a British-Gibraltarian fishing cruise.
Brazil's Senate confirmed the reappointment of Prosecutor General Rodrigo Janot, who is leading a massive corruption investigation that has put dozens of politicians under scrutiny for allegedly receiving kickbacks.
Former two-term President Lula da Silva acknowledged Friday that he is weighing the possibility of seeking to return to Brazil's highest office in the 2018 elections. ”I can't say that I am or that I'm not (a candidate),” Lula said during an interview with Radio Itatiaia.
A congressional commission considering whether to remove Guatemalan President Otto Perez Molina's immunity from prosecution called on him Friday to appear before the body as a corruption scandal swirls around his government.
Venezuelan President Nicolas Maduro escalated his country's conflict with Colombia Friday by expanding the partial closure of their shared border to four new frontier towns. However most political analysts believe there is a huge premeditated interest in arising strong nationalistic feelings ahead of the December legislative elections.
Brazil and the European Union agreed to hold their annual summit during the first half of 2016, following the exchange of proposals for a wide ranging and cooperation trade agreement between the EU and Mercosur.