Moody's has raised Argentina's foreign and local currency credit rating from Caa3 to Caa1, also shifting the outlook from “stable” to “positive.” This upgrade reflects Moody's view that Argentina's broad liberalization of exchange and capital controls, coupled with a new program with the International Monetary Fund (IMF), will improve the availability of foreign currency and ease pressure on external finances.
Paraguayan Foreign Minister Rubén Ramírez Lezcano and British Secretary of State for Foreign Affairs David Lammy signed Thursday in London the so-called “United Kingdom-Paraguay Friendship Charter,” committing both nations to enhanced cooperation across five key areas:
U.S. President Donald Trump has asked Attorney General Pam Bondi to release portions of the grand jury materials from the Jeffrey Epstein case in an effort to calm the growing discontent within the Make America Great Again (MAGA) movement. The move follows The Wall Street Journal’s publication of a 2003 birthday letter allegedly written by Trump to the convicted sex offender — a letter Trump claims is “fake,” threatening legal action against the newspaper and its owner, Rupert Murdoch.
Brazillian aircraft manufacturer Embraer, the third-largest in the world behind Boeing and Airbus, estimated that the tariffs announced by the United States against Brazil could have an impact similar to that of the Covid-19 pandemic, when the company saw a 30% drop in revenue and had to reduce its workforce by around 20%.
Venezuelan President Nicolás Maduro announced that his country's Gross Domestic Product (GDP) grew by over 6% in the second quarter of 2025, marking the 17th consecutive quarter of economic expansion, following a 9% increase in the first quarter of 2025. Maduro also highlighted previous growth figures of 9% in 2024, 5.5% in 2023, and a significant 15% in 2022.
Colombian President Gustavo Petro's rift with Vice President Francia Márquez became more evident Thursday during a televised cabinet meeting during which the possible appointment of former porn actress Amaranta Hank (born Alejandra Ocaña) as Minister of Equality and Equity was discussed. That position had been held by Márquez, who chose to reisgn earlier this year.
British Prime Minister Sir Keir Starmer announced Thursday a significant “democracy shake-up” that includes lowering the voting age to 16 for all UK elections, likely starting with the next general election in 2029. This move has been met with accusations of “breathtaking cynicism” from the opposition Conservative party, who argue it is nothing but a partisan attempt to boost Labour's electoral chances, as polls suggest 16- and 17-year-olds are more likely to vote for them.
Brazilian President Luiz Inácio Lula da Silva vetoed a Congressional bill increasing the number of federal deputies from 513 to 531, which was published Thursday in the Diário Oficial da União (Official Gazette - DOU).
The Falkland Islands Government’s (FIG) Budget for 2025/26 has today, 16th July, been approved by the Legislative Assembly, setting a considered and strategic direction to safeguard the long-term financial health of the Islands.
As the 31st anniversary of the Argentine Israeli Mutual Association (AMIA) bombing looms over, Iran has strongly criticized President Javier Milei for his unwavering support of Israel. Iran's embassy in the UK issued a document condemning Argentina, alongside Canada, the Czech Republic, and Paraguay, for backing Israel's “military actions” against Iran and condemning Iran's “defensive attacks.”