07252016Mon
Last update: Mon, 25 Jul 2016 10pm

South America

World - South America

Brazil's president approves law banning politicians from state firms SAO PAULO: Brazil's interim President Michel Temer has approved a law on state-controlled companies that imposes a ban on politicians or party campaigners taking a post during the three years after their involvement in an election, in a bid to curb corruption. The law was published on Friday in the Official Gazette. Government sources say legislators are seeking to reach an agreement on a new bill to modify the ban, which was struck from the legislation in the lower house before being reinstated in the Senate. Copyright Reuters, 2016 ...

World - South America

Brazil to submit pension reform before October elections BRASILIA: The Brazilian government will submit a long-awaited pension reform before the October municipal elections, Finance Minister Henrique Meirelles said on Friday. Several government officials have told Reuters the reform is unlikely to be approved before next year as lawmakers are reluctant to endorse the unpopular legislation before the Oct. 2 elections.Copyright Reuters, 2016 ...

World - South America

Brazil government to veto proposal on foreign airline ownership BRASILIA: Brazil's interim government said on Wednesday it will veto a proposal to scrap limits on foreign ownership of local airlines that faces strong opposition in the upper house as part of a deal to save other parts of a bill on the air transport sector. The Lower House passed a proposal this month to remove the current restriction on foreign companies not owning more than 20 percent of a Brazilian carrier, but the legislation ...

World - South America

Cold kills homeless in Sao Paulo, Brazil's richest city SAO PAULO: Even under three blankets, Marcio Carvalho can't stop shaking as he seeks shelter on the streets of Brazil's biggest and richest city, Sao Paulo.The teeming central streets of a city that is home to 20 million people are deserted at night except for members of the estimated 16,000 homeless population.And while much of Brazil basks in tropical conditions, a chilly wave in the first days of the southern hemisphere winter has already claimed ...

World - South America

Venezuela opposition claims enough signatures for Maduro recall vote CARACAS/MARACAY: Opposition leaders in Venezuela said they have finished the process of authenticating signatures on a petition to recall President Nicolas Maduro, and have enough to hold a referendum on removing him."The number of signatures has clearly exceeded the minimum needed," said Vicente Bello, coordinator for the referendum effort. Government election authorities now have 20 days to review and affirm that finding.Opponents of the regime finished giving their fingerprints to electoral authorities earlier Friday, wrapping ...

World - South America

Massive food imports arrive in Venezuela from Trinidad and Tobago PORT OF SPAIN: Trinidad and Tobago sent approximately 68 tonnes of food and commodities to crisis-hit Venezuela Thursday, with hundreds more tonnes set to arrive in the coming days, a Venezuelan official said.Venezuela, which is enduring severe shortages of food and other basic commodities, will receive 600 tonnes of goods from Trinidad and Tobago under a trade agreement.The embattled South American country is grappling with an economic crisis prompted by the plunge in prices for ...

World - South America

Chile's Congress approves minimum wage hike proposal SANTIAGO: Chile's Congress approved on Thursday the government's proposal to gradually increase the monthly minimum wage by 26,000 pesos, nearly $39, to 276,000 pesos ($412) within 18 months. With the Lower House of Congress' approval, the minimum wage hike proposal is ready to be signed into law. The country's largest labor union, the Workers' United Center of Chile (CUT), had argued for a minimum wage hike of 40,000 pesos, but the government insisted that a ...