The Brazilian Central Bank on Wednesday raised its inflation estimate for 2015 to 9%, or almost double the midpoint in the official range and well above the 6.5% top end target, and said the economy may contract by 1.1% this year, marking the worst performance since 1990.
Venezuela’s recent claim on Guyana’s maritime territory is a “legal absurdity” and US oil firm ExxonMobil will continue to work as scheduled, President David Granger has said. Labeling Caracas’ claim as the worst intrusion the country has ever had on its sovereignty, the President said his government has made its position on the claim by Venezuela clear to the oil company.
UK Foreign Office Minister Hugo Swire has introduced a new set of Chevening scholarships for Latin America, the “Pacific Alliance Chevening scholarships”, arguing that the success of the Pacific Alliance forms an integral part of Britain's re-engagement with the region.
Falkland Islands elected lawmakers with be delivering speeches on Thursday before the United Nations Decolonization Committee as petitioners requesting C24 de-lists the Islands from the Non Self Governing Territories, upholds the Falkland Islanders right to self determination and frees them from the continuous Argentine bullying and harassment.
One of Brazil's leading weekly magazines, Epoca, has revealed that former president Lula da Silva could be investigated over corruption allegations following on the imprisonment of the Odebrecht Group CEO, (Marcelo Odebrecht) which is one of the country's largest private corporations and employers, and for which Lula did much lobbying and sponsoring for public works projects in Dominican Republic, Cuba, Venezuela and Ghana.
Former President Lula da Silva again blasted Brazil's governing Workers Party, an organization he founded, as old and out of touch. We have to define whether we want to save our skins and our jobs or if we want to save our project, Lula da Silva said in Sao Paulo during a seminar on democracy, which he attended along with former Spanish Prime Minister Felipe Gonzalez.
The Treasury of South Georgia & South Sandwich Islands have launched a crown coin which features some the most amazing wildlife found in and around the South Atlantic Ocean. Following the tradition of depicting indigenous local wildlife, this latest crown issued by South Georgia & South Sandwich Islands features the amazing Humpback Whale.
The Falkland Islands is represented at the 25th Annual Red Ensign Group, REG, conference which is taking place in the town of St George's, Bermuda. Minister of Tourism Development and Transport Shawn Crockwell, delivered the opening remarks and welcomed the overseas delegates attending the conference that the Bermuda Department of Maritime Administration is hosting.
Spain will call on the European Commission to include Gibraltar on the EU blacklist of tax havens published last week, it emerged over the weekend. The list names the 30 top tax havens as identified by EU countries, but Gibraltar is not on it. Only nine of the EU’s 28 members - among them Spain - view the Rock as a harmful jurisdiction for taxation.
The head of Argentina's army, Major General Cesar Milani long accused of human rights violations, has resigned and will be replaced by General Ricardo Luis Cundom, a Malvinas conflict veteran.