South America

After heavy criticism from the Argentine government of Javier Milei, Chilean President Gabriel Boric Font sought to calm down the diplomatic waters because heads of State “come and go but the people remain.” Boric also insisted that Argentina was “a brotherly” country.

A report released Friday by Argentina's National Institute of Statistics and Census (Indec) showed that the country's economic activity fell by 0.7% in October for an accumulated 2.7% interannual contraction in the first ten months of 2024, driven particularly by fishing (-49.9%) and construction (-14.5%) amid President Javier Milei's austerity plans which […]

During a ceremony at Casa Rosada, Argentine President Javier Milei Friday launched his government's Nuclear Plan, which included the creation of an Argentine Nuclear Council, among other measures. "Nuclear energy will have its triumphant return," insisted Milei, who also linked these projects to Artificial Intelligence's development. "We have the obligation […]

Brazil's Congress enacted Constitutional Amendment 135/24 regarding the fiscal spending cut package, Agencia Brasil reported. The new legislation stemming from the Proposed Amendment to the Constitution (PEC) 45/24 made changes to mandatory revenues and extended the Untying of Union Revenues (DRU) in a move to improve the federal government's fiscal […]

Venezuelan authorities announced Friday that Fernando Martínez Mottola, one of the six asylum-seekers at what used to be Argentina's Embassy in Caracas now guarded by Brazil following the diplomatic breakup, turned up "voluntarily" Thursday before the Public Prosecutor's Office and testified about "a group of members of the extremist organization Vente […]

Argentina's Embassy was among the six diplomatic missions hit Friday when Russia bombed Kyiv. The others were those of Albania, North Macedonia, Palestine, Portugal, and Montenegro. Besides the “relatively light” material damage, all staffers of the South American legation were reported to be unharmed.

Argentina's Coast Guard (PNA) Thursday issued a statement explaining how it is monitoring the displacement of the A23a iceberg, which was reported to be headed for the South Georgia Islands.

The Argentine Patagonian Province of Neuquén impeached Lieutenant Governor Gloria Ruiz from her office for moral disqualification after a series of irregularities during her term in office. Ruiz had been suspended last month pending a final decision from the Legislature which was passed Thursday.

Brazil's Central Bank (BCB) successfully maneuvered Thursday and got the US dollar to fall against the local real after volatility gripped financial markets amid President Luiz Inácio Lula da Silva's planned taxation reforms, Agencia Brasil reported. The US currency closed at R$ 6.12 following Congressional approval of the Government's legal package.

The Bank of England on Thursday left interest rates unchanged at 4.75%, despite an inflation rate that reached an eight-month high, pushed by services and wage increases. However three members of the Bank’s Monetary Policy Committee voted for a rate reduction, while six insisted in keeping them on hold.