President Nayib Bukele of El Salvador has sanctioned and signed the Special Law for Municipal Restructuring, set to reduce the number of municipalities in the country from 262 to 44. The president took to Twitter to announce the signing of the law, emphasizing the historic nature of this significant administrative reform. The legislation was approved […]
Brazil is projecting to reach US$10 billion in trade transactions with Russia by the time of President Vladimir Putin's anticipated visit in 2024, according to Brazil's Deputy Foreign Minister Laudemar Gonсalves de Agiar Neto. As Russia is a major exporter of fertilizers and Brazil is a leading importer, Brazil expects to ramp up its procurement. […]
Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), has been suspended and arrested by Nigeria’s secret police. The reasons for his removal and detention are still unclear. Emefiele had held his post for nine years, during which Nigeria’s currency depreciated by 65% and inflation nearly tripled. His arrest followed an extensive […]
Roberto Salvarezza, director of technology firm Y-Tec and former Minister of Science, Technology and Innovation, has announced that Argentina will initiate the production of lithium batteries for public sector use this August. The Lithium Cells and Batteries Plant (UniLiB), identified as a strategic initiative, is set to be launched between August and September. It is […]
According to a survey by the Central Bank of Chile (BCCh), financial operators believe that Chile’s monetary policy rate (TPM) will remain steady at 11.25% in June. However, they forecast the beginning of a rate cut cycle starting in July, with the TPM predicted to drop to 10.75%. In the run-up to the June Monetary […]
The Argentine government is set to inaugurate the Néstor Kirchner gas pipeline on June 20, marking a significant step towards energy self-sufficiency. The pipeline will enable the transportation of non-conventional gas from Vaca Muerta to the province of Buenos Aires. According to the Chief of Cabinet, Agustín Rossi, the pipeline was 63.9% complete by the […]
Several opposition political groups in the Dominican Republic have reiterated their intent to form a coalition for the upcoming general elections, slated for May 19, 2024. These elections will determine the successor to the current President Luis Abinader of the Moderate Revolutionary Party. The opposition coalition, “Gran Alianza Nacional por la Renovación Económica y Social” […]
Colombia’s Liberal Party has chosen to withhold its support for the contentious health reform proposed by President Gustavo Petro, which could seriously undermine the advancement of this policy. The party convened on Tuesday to establish its approach ahead of the closure of the current legislative period on June 20. The primary decision made during the […]
Cuba’s President, Miguel Díaz-Canel, announced on Wednesday that Cuba will be the venue for the forthcoming Summit of Heads of State and Government of the G-77+China group. The event will be held in Havana on September 15-16. The members of the G-77+China, which represent 80% of the world’s population, will participate in the summit. President […]
Vahid Jalalzadeh, the Chairman of Iran’s National Security and Foreign Affairs Parliamentary Committee, recently announced Iran’s plan to export a range of equipment, including technical, engineering, and technological supplies, for petrochemical plants in Venezuela. This move falls within the ambit of Iranian President Ebrahim Raisi’s ongoing Latin American tour. Jalalzadeh drew attention to the progress […]
In an emerging partnership, Russia is arranging an accord with Cuba that will see Rosneft, the state-owned Russian enterprise, delivering 1.64 million tons of oil and hydrocarbons to the Caribbean nation each year. The news broke on Tuesday (13) following a discussion between Manuel Marrero Cruz, the Prime Minister of Cuba, and Mikhail Mishustin, his […]
Brazil's air travel industry has seen a dramatic surge in prices, based on data from the National Civil Aviation Agency (Anac), with the average ticket price reaching a peak not seen since 2010. This trend became apparent in 2022, which now stands as the year when air travel was the most expensive in recent history. […]
The Venezuelan Navy's coast guard patrol boat, Cormoran (PG-405), has been successfully reinstated after major maintenance and repair works were completed by Astilleros y Varaderos Margarita, CA (Astivamar). The vessel was initially beached for maintenance at Astivamar's facilities in March 2022. Maintenance on Cormoran, the fifth patrol boat of the Gavion class, comprised hull refurbishments […]
In an exciting move, the traditional Pacaembu Stadium in São Paulo is set to host "Paulista Beach," a free project featuring a sandy beach area complete with courts and sun loungers throughout July. The setup includes four sand courts for beach tennis and footvolley and a central arena for official tournaments. The free program will […]
A recent survey by the Reuters Institute conducted across 46 countries shows that 36% of the participants avoid seeking information, with this rate climbing to 41% in Brazil. This marks a reduction of 13 percentage points compared to 2022 when the rate was at a record high of 54%. This behavior is largely attributed to […]
The government of Brazil's President Luiz Inácio Lula da Silva is working towards a corporate transaction that could potentially facilitate the financial recovery of Novonor (formerly known as Odebrecht) and bolster Petrobras' reentry into the chemical industry via part-nationalization of petrochemical company Braskem. Braskem is a Brazilian petrochemical company headquartered in São Paulo. The largest […]
As homicide rates continue to soar in Tijuana, the largest city in Mexico’s Baja California state, right at the border with California, Mayor Montserrat Caballero has taken the unusual step of moving her residence to a military base. This decision comes in the face of threats from organized crime syndicates, in a city grappling with […]
In a court ruling, São Paulo's Court of Justice (TJSP) has ordered a freeze on approximately US$18,200 (87,400 reais) from the bank accounts of Jair Bolsonaro, Brazil's former president. The decision comes in response to Bolsonaro's failure to pay a fine issued for not wearing a mask during a crucial stage of the COVID-19 pandemic. […]
Uruguay’s National Police announced the interception of a parcel containing surfboards filled with cocaine bound for Portugal. This operation was joint with Portuguese, Italian, and Spanish authorities. During a routine check of international courier parcels on May 23, a shipment aroused suspicion due to its heavy weight. A subsequent search warrant and laboratory analysis confirmed […]
Scientists warn that the onset of "El Niño" could potentially escalate the deforestation crisis in the Brazilian Amazon and other biomes. This is typically worsened during the dry season when vegetation is often burned. This year, with the convergence of El Niño and high deforestation rates, experts fear a "perfect storm" scenario leading to increased […]