Stories for 2025

Saturday, April 12th 2025 - 10:50 UTC
Mercosur FMs agree to expand exceptions to CETs

Southern Common Market (Mercosur) foreign ministers meeting in Buenos Aires on Friday agreed to temporarily expand the National List of Exceptions to the Common External Tariff by up to 50 codes per member state in response to global trade tensions, following US President Donald Trump's barrage of import surcharges.
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Saturday, April 12th 2025 - 10:49 UTC
Lula enacts Reciprocity Law in reaction to Trump's tariffs

Brazilian President Luiz Inácio Lula da Silva enacted the so-called Reciprocity Law on Friday, whereby the federal government can react whenever countries or economic blocs create measures restricting Brazilian exports, be it in the form of surcharges or objections to the origin of the product. The measure is to be published in Monday's issue of the Diário Oficial da União (Federal Official Gazette).
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Saturday, April 12th 2025 - 10:45 UTC
Bolivia's YPFB seeks partner for promising gas field

The State-run Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) is advancing efforts to find an international partner to develop the Mayaya Centro gas field in La Paz, which has been deemed one of 2024’s top ten global discoveries in the sector.
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Saturday, April 12th 2025 - 10:45 UTC
South Georgia, new electronic permit system (EPS) for visitors next season

The Government of South Georgia and the South Sandwich Islands has announced that it will launch a new electronic permit system (EPS) for visitors to the Territories in advance of the next tourist season, replacing the current system of levying landing fees by an individual visitor permit charge. The cost of a visitor permit will be set initially at £200.
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Saturday, April 12th 2025 - 10:44 UTC
WB and IDB pledge further funding for Milei's Argentina

The World Bank (WB) announced Friday a US$ 12 billion financing package for Argentina over three years to support economic stabilization and reforms. Pending board approval, the initiative consists of several contributions as follows:
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Saturday, April 12th 2025 - 10:35 UTC
Bolsonaro hospitalized with severe abdomen pain

Former Brazilian President Jair Bolsonaro, aged 70, was hospitalized Friday in Rio Grande do Norte due to severe abdominal pain linked to ongoing complications from his 2018 campaign stabbing. Initially treated at a local hospital, he was later airlifted to Natal for further treatment. Rio Grande do Norte Governor Fátima Bezerra provided a helicopter for his transfer and ensured medical support.
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Friday, April 11th 2025 - 22:54 UTC
Argentina announces end of currency controls and introduces exchange rate band

The Argentine government announced today a sweeping overhaul of its foreign exchange regime, set to take effect on Monday, including the end of currency controls and the introduction of a managed float within a fixed exchange rate band. The move marks the beginning of what authorities are calling “Phase 3” of their economic program.
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Friday, April 11th 2025 - 19:19 UTC
Argentina: Inflation in March hits 3.7%

Argentina's Consumer Price Index (CPI) for the month of March reached 3.7%, the National Institute of Statistics and Census (Indec) reported Friday. These figures marked a sharp increase from February's 2.4% and January's 2.2%. The rise was driven primarily by higher food prices, particularly meat and vegetables, with public services also playing a role. Internannual inflation stood at 66.9% and 4.7% so far in 2025.
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Friday, April 11th 2025 - 18:32 UTC
Brazil's Communications Minister resigns, successor chosen

Federal Congressman Pedro Lucas Fernandes (União Brasil-MA) has been confirmed as Brazil's new Communications Minister, replacing Juscelino Filho, who resigned after being indicted for alleged misuse of parliamentary amendments. The announcement followed a meeting between President Luiz Inácio Lula da Silva and the new official. Lucas currently leads the União Brasil Lower House bloc and was nominated by his party for the position. He is expected to be sworn in after April 21, allowing time for administrative arrangements.
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Friday, April 11th 2025 - 10:57 UTC
Argentine prosecutor wants Iran's supreme leader arrested

Argentine Prosecutor Sebastián Basso has filed a request before Federal Judge Daniel Rafecas for an international arrest warrant against Iran's Supreme Leader Ali Khamenei for his alleged involvement in ordering the 1994 bombing of the Argentine Israeli Mutual Association (AMIA) headquarters in Buenos Aires, which killed 85 people and injured over 300.
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