
Next month, from Thursday, July 4th to 8th, the Mercosur pro tempore presidency will be handed by Paraguay to Uruguay, at the capital Asunción during the regional presidential summit. On the occasion, Paraguayan president Santiago Peña will be giving the Mercosur presidency to Uruguay's Luis Lacalle Pou. Still, it will be interesting to see how leaders of the two major members, Argentina's ultra-liberal Javier Milei and Brazil's populist Lula da Silva, who are not on talking terms, will approach circumstances if they effectively attend the summit.

Brazilian President Luiz Inácio Lula da Silva was strongly critical of his country's Central Bank's (BCB) decision not to lower the benchmark Selic interest rate this week and leave it at 10.5% per annum instead.

Argentine President Javier Milei joined the list of dignitaries endorsing the Bürgenstock Declaration in favor of peace in Ukraine while Brazil's Luiz Inácio Lula da Silva was among those very few who did not because in his view only negotiations involving both belligerent parties (Ukraine and Russia) were worth considering.

Brazilian President Luiz Inácio Lula da Silva Monday received a call from his Russian colleague Vladimir Putin to discuss ongoing world affairs including the war in Ukraine and BRICS' possible role in solving that conflict.

Brazilian President Luiz Inacio Lula da Silva will be attending this week's G7 Summit in Borgo Egnazia at the invitation of Prime Minister Georgia Meloni with a mission to focus on social inclusion and climate change, Agencia Brasil reported.

According to a report from Brazil's Institute of Geography and Statistics (IBGE) released Tuesday, the Gross Domestic Product (GDP) of South America's largest country grew 0.8% in the first quarter of 2024 compared to the last three months of 2023 and 2.5% interannually after a 0.1% contraction in the fourth quarter of last year.

The new CEO of Brazil's State-run oil company Petrobras Monday defended during a press conference the company's current pricing policies to preserve domestic market stability, Agência Brasil reported. Magda Chambriard had been on her post three days after a reshuffle ordered by President Luiz Inácio Lula da Silva.

Colombian President Gustavo Petro has received a draft proposal aimed at establishing “political peace” in Venezuela following its upcoming presidential elections. This text, developed by Petro’s ambassador in Caracas alongside diplomats from other countries, and businesspeople is expected to be sent to Venezuelan President Nicolás Maduro for consideration soon.

Specialists from the entire planet are discussing this week in the Brazilian city of Teresina a series of suggestions to tackle world hunger to be put forward during the Group's Summit later this year in Rio de Janeiro, Agencia Brasil reported.

Brazilian President Luiz Inácio Lula da Silva called on British magistrates not to grant WikiLeaks founder Julian Assange's extradition to the United States, which is to be decided upon in London on Monday, Agencia Brasil reported.