Brazil’s Lula da Silva could implement a series of austerity measures and spending cuts during the last two months of his presidential period in order to leave an easier scenario for president-elect Dilma Rousseff, reported Folha de Sao Paulo newspaper.
After years of political division, Europe's two biggest military powers have come together to sign a historic defence-sharing agreement.
Dilma Rousseff became on Sunday Brazil’s first woman president and the first former guerrilla to reach the highest post in the country. In spite of being described by her mentor Lula da Silva as “a first class (electoral campaign) warrior and excellent manager” Ms Rousseff faces phenomenal challenges, not least the legacy of who handpicked her.
Argentine President Cristina Fernández de Kirchner spoke Monday at Government House and addressed, for the first time, the death of her husband and ex President Néstor Kirchner.
Argentina and Brazil have signed a letter of intent to jointly develop the KC-390 twin-engine military cargo aircraft, announced Argentina’s Defense minister on Monday.
Brazilian President-elect Dilma Rousseff named a market-friendly transition team on Monday as she prepares to take the helm of a booming economy threatened by heavy government spending and an overvalued currency.
The new head of the British armed forces has said it makes absolute sense for the United Kingdom and France to work together on defence, ahead of a summit on Tuesday. PM David Cameron and French President Nicolas Sarkozy are expected to sign a defence treaty improving collaboration between the two countries.
A newly released regional report on economic inequality ranked Chile as one of the top 15 countries in the world with the worst inequality of income distribution and declares Latin America and the Caribbean to be the region with the worst inequality worldwide.
EU leaders say tough new budget rules agreed at their summit in Brussels will protect the Euro from a future Greek-style debt crisis. The EU sealed a solid pact to strengthen the Euro, said European Council President Herman Van Rompuy.
Candidates across the United States launched a frantic final push for support, and President Barack Obama ended a two-day campaign swing designed to pump up Democratic turnout less than 48 hours before Americans begin to cast their ballots.