09252016Sun
Last update: Sun, 25 Sep 2016 03pm

South America

World - South America

Chile's Bachelet faces her own Rousseffian crises NEW YORK: The woes of Chile's leftist President Michelle Bachelet might look like a breeze next to those of Dilma Rousseff, her impeached coreligionist in Brazil. The copper-producing nation's corruption scandal, economic slowdown and rising pension crisis are small in comparison, but still bad news for its status as South America's bulwark of stability. Brazil dwarfs Chile in most ways, good and bad. Its population and GDP are both roughly 10 times larger.Its economy is expected to shrink more than 3 percent this year compared to Chile's sluggish growth of around 1.5 percent, and its multibillion-dollar kickback scandal, focused on state oil firm Petrobras, makes the Andean nation's own political-funding scandal, much of it centered around fertilizer company SQM, seem almost provincial. Brazil might also wish it had Chile's pension problems. Interim President Michel Temer, who should take over from Rousseff for good once her Senate impeachment trial concludes at ...

World - South America

Venezuela democracy 'in danger,' EU parliament chief says BOGOTA: European Parliament President Martin Schulz warned that Venezuela's democracy is "in danger," as it grapples with a severe political and economic crisis."The situation in Venezuela is dramatic and worrisome," Schulz said, following an official visit to neighboring Colombia, where many Venezuelans have poured in to buy basic goods due to major shortages in their country."In Venezuela, we see a majority of the population suffering and a country with so much wealth having a population ...

World - South America

Argentina says 2nd-qtr unemployment totals 9.3pc BUENOS AIRES: Argentina had 9.3 percent unemployment in the second quarter of the year, the government's Indec statistics agency said in a report on Tuesday. It was the first official unemployment data to be published by Argentina since Mauricio Macri became president in December.Macri won office on promises of attracting foreign investment, in part by increasing transparency at Indec, which had been widely accused of fudging data to make the economy look better than it ...

World - South America

OAS chief says no democracy, rule of law in Venezuela WASHINGTON: The head of the Organization of American States denounced corruption and violence in Venezuela on Monday, saying a 14-year prison term for an opposition leader there marked the end of democracy in the country.In an eight-page letter to opposition leader Leopoldo Lopez, Luis Almagro highlighted the climate of "intimidation" against the political opposition in Venezuela and those working to recall leftist President Nicolas Maduro."No regional or subregional forum can ignore the reality that today ...

World - South America

Iran seeks closer ties with Cuba HAVANA: Iran wants to forge a "new path" in its relations with Cuba by tightening ties, Foreign Minister Mohammad Javad Zarif said Monday at the start of a Latin American tour."It's a very opportune moment to extend our relations," he told journalists at the start of a meeting with Cuban Foreign Minister Bruno Rodriguez."We have always been on the side of the great Cuban people in the face of the atrocities and unjust sanctions they ...

World - South America

Wife of jailed Venezuela opposition leader condemns death threat CARACAS: The wife of jailed Venezuelan opposition leader Leopoldo Lopez said late Sunday that her husband had received a death threat from prison guards.Lopez, one of leftist President Nicolas Maduro's most hardline opponents, was arrested in February 2014 amid a wave of anti-government protests that swept Venezuela and left 43 people dead. He is serving a 14-year sentence at a military prison.According to Lopez's wife Lilian Tintori, a sergeant "said in front of other guards ...

World - South America

Mass march against Chile's private pension system SANTIAGO: Hundreds of thousands of people protested Sunday against Chile's privatized pension system, a legacy of late dictator Augusto Pinochet that opponents say is leaving many retirees destitute.Launched in 1981, Chile's "pension fund administrators" have been held up by pro-market politicians and pundits worldwide as a model of how to privatize a national pension system.But opponents say the system has left the 10 million Chileans enrolled in it with extremely low retirement benefits -- far ...