04302016Sat
Last update: Sat, 30 Apr 2016 06am

South America

World - South America

Brazil's unemployment jumps in Q1 as 11mn seek jobs BRASILIA: Brazil's unemployment rate rose sharply in the first quarter, government data showed on Friday, with 11.1 million workers unsuccessfully looking for a job as a severe recession entered its second year. Brazil's national unemployment rate rose to 10.9 percent in the first quarter, up from 9 percent at end-2015 and 6.5 percent at end-2014, statistics agency IBGE said. Wages discounted for inflation dropped 3.2 percent from a year earlier to an average of 1,966 reais ($563). "We expect the labor market to deteriorate further," Goldman Sachs economist Alberto Ramos said in a note. "Policy tightening, weak consumer and business confidence and tighter financial conditions are expected to lead to a higher unemployment rate in 2016 and negative real wage growth." Brazil's economy is expected to contract nearly 4 percent for a second straight year in 2016 as a ballooning budget deficit and a corruption scandal put the government of ...

World - South America

Venezuela opposition claims big win in push to recall Maduro CARACAS: Opponents of President Nicolas Maduro said Thursday they had gathered more than triple the number of signatures needed from crisis-weary Venezuelans to begin organizing a referendum to remove him from power.Fed up with a punishing recession and an electricity crisis that has led to rolling blackouts, Venezuelans lined up Wednesday to sign a petition for a recall referendum against the socialist president.Enrique Marquez, the deputy speaker of the opposition-controlled legislature, said more than 600,000 ...

World - South America

Venezuela lawmakers vote to sack food minister for shortages CARACAS: Venezuela's legislature voted Thursday to sack the country's food minister for the grave shortages citizens are suffering amid a devastating economic crisis.The speaker of the opposition-controlled National Assembly, Henry Ramos Allup, said the government must "proceed to remove" Food Minister Rodolfo Marco Torres from his post after more than two-thirds of the lawmakers present approved a motion against him. Copyright AFP (Agence France-Presse), 2016 ...

World - South America

Brazil registers 91,387 likely Zika cases in two months SAO PAULO: Brazil has registered 91,387 likely cases of the Zika virus from February until April 2, the health ministry said on Tuesday, in its first national report on the epidemic. The country's populous southeast, which includes Olympic city Rio de Janeiro, registered the most diagnoses of any region, with 35,505 likely cases. Copyright Reuters, 2016 ...

World - South America

Colombia reshuffles cabinet with eye on peace deal BOGOTA: Colombian President Juan Manuel Santos reshuffled his cabinet on Monday in what he said was preparation for a looming peace deal to end a half-century conflict with armed rebels."This will be the cabinet of peace... of the post-conflict phase," he said in a speech."For that reason it will be composed of people from all regions and all political leanings."After more than three years of peace talks, the government and the Revolutionary Armed Forces of ...

World - South America

Fridges go off as Venezuela power-rationing hits CARACAS: Fridges zapped off in kitchens across Venezuela as the government turned off the electricity supply to help ease a power shortage that is worsening the country's economic crisis.It is the latest drastic measure by the government in a crisis that already has Venezuelans queuing for hours to buy scarce supplies in shops.The government imposed a four-hour blackout in eight states starting Monday and said the measure will last 40 days. The states of Caracas ...

World - South America

Brazil's people will 'prevent setbacks' to democracy: Rousseff at UN UNITED NATIONS: President Dilma Rousseff voiced confidence Friday that Brazil's people will "be able to prevent any setbacks" to democracy as she battles a bid to impeach her."Brazil is a great country endowed with a society that was able to overcome authoritarianism in the past," Rousseff said at the United Nations during a ceremony for the signing of the Paris climate deal."Ours is a hard-working people. We have great esteem for freedom. I have no ...