The Brazilian navy has begun auctioning off its only aircraft carrier. The attempted sale of Sao Paulo leaves the Brazilian fleet with just one aviation vessel, the helicopter carrier Atlantico. And it effectively strands the navy’s small fleet of carrier-compatible Skyhawk fighters.
Hit by five years of economic slowdown, Latin America's economy will grow by barely 0.5% this year, the United Nations economic commission for the region said on Wednesday, well below the 1.3% projected in April.
Brazil’s efforts to build better ties with the United States need not worry China, the South American economy top trade partner, because it had never had a problem with China, the Brazilian foreign minister stated. At issue in the past has been how previous Brazilian administrations handled relations with China, Ernesto Araujo said.
Armed men stole US$40 million of gold and other precious metals on Thursday from a Sao Paulo cargo terminal at South America's busiest airport, taking two hostages, police said. Several of the suspects arrived at the Guarulhos airport in a black pickup truck with livery resembling Brazil's federal police, according to security footage.
Day will turn into night on Tuesday afternoon as the sun, moon and Earth align perfectly during the first total solar eclipse since 2017. The eclipse will only be visible across the southern Pacific Ocean and South America, but can be seen anywhere from around the world online through NASA TV.
Globally, 67 planned and announced FPSOs (Floating, Production Storage and Offloading) are expected to start operations between 2019 and 2025. Among regions globally, South America continues to lead with 27 planned and announced FPSO additions by 2025, followed by Africa and Europe. Brazil and the Falkland Islands are the key countries in the region for FPSO deployments. Among operators, Petrobras leads South America in terms of FPSO deployments.
Peruvian President Martin Vizcarra told news agency Reuters on Friday that China could partner with Bolivia and Peru on a massive intercontinental railway project that Peru once dismissed as too costly when pitched by China nearly three years ago.
A Brazilian court ordered former president Michel Temer's release from jail with conditions on Tuesday, less than a week after he was detained for a second time in a case related to a corruption scandal that has ensnared several high-profile South American politicians.
Venezuelan security forces prevented opposition lawmakers from entering the parliament building for a session on Tuesday, a week after the top court stripped several lawmakers of their immunity amid a political crisis in the South American country.
Brazil’s government will cut its 2019 economic growth forecast to below 2% and seek supplementary funding from state-run BNDES development bank to meet current expenditure and avoid breaking its fiscal rules, Economy Ministry officials said on Tuesday.