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Argentina heads to the polls in grip of fierce economic crisis
The vote is likely to roil Argentina's already shaky markets, impact its ties with trade partners like China and Brazil, and set the political path for the country.....»»
ICTSI-Brazil starts new S. America-Europe service
South American exporters have a new weekly shipping service to Europe through Rio Brasil Terminal with the inauguration of the ICTSI’s Brazil subsidiary’s ESE2. COSCO Shipping Lines vessel Xin Nan Tong called at the RBT on 15 September to kick off the Europe — East Coast of South America service. ESE2 connects the Brazilian states of Rio de Janeiro and Minas Gerais to Europe. It targets refrigerated cargoes out of South America, and the consuming markets of Europe such as the United Kingdom, the Netherlands and Belgium. The service’s port rotation, with an expected total duration of 9 weeks, is as follows: Rotterdam (Netherlands) — London Gateway (UK) — Hamburg (Germany) — Antwerp (Belgium) — Lisbon (Portugal) — Algeciras (Spain) — Santos (Brazil) — Paranagua (Brazil) — Montevideo (Uruguay) —Buenos Aires (Argentina) — Itapoa (Brazil) — Paranagua —Santos — Rio De Janeiro (Brazil) — Algeciras — Rotterdam. The initial fleet will have 4,000 to 5,000 TEU ships. Also during the unveiling of the service, RBT and COSCO signed a preliminary contract for the operation of CLIA Pouso Alegre — a logistics corridor in Minas Gerais covering empty container yards and bonded warehouses. RBT operates Container Terminal 1 at the Port of Rio de Janeiro and serves the import, export, and industrial oil and gas hubs in the largest economic region of Brazil. It offers robust maritime, road, and rail access, and handles the largest vessels that call the Brazilian coast. ICTSI or International Container Terminal Services Inc. is the world’s largest, independent terminal operator with presence in six continents. The post ICTSI-Brazil starts new S. America-Europe service appeared first on Daily Tribune......»»
BRICS seen overtaking G7
A political analyst at a known think tank disclosed that a rare event happened in world affairs only recently but which hardly merited mention in global publications. Austin Ong, political analyst at the think-tank Integrated Development Studies Institute, said Bloomberg forecasted that the new BRICS+ grouping would dominate the world’s GDP by 2050, overtaking the economic output of the top industrialized countries under G7. BRICS+ recently added six regional players, Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates, aside from the emerging Brazil, Russia, India, China and South Africa and around 20 more countries have expressed interest in joining. The analysis said developing economies desire a greater role in reforming global trade and financial architecture which was manifested in the recent expansion of BRICS. It said marginalizing the Global South is one of the structural flaws of the longstanding Western-built and led world order. The existing system had long given privileges to North America and Western Europe. Geopolitical experts said the industrialized countries failed to adjust to changing realities, notably the rise of a more multipolar world. Emerging and fast-developing countries will no longer beg or wait for a seat at the table if their appeals fall on deaf ears and trade barriers are put up to restrict them. 2006 foundation Ong said BRICS has come a long way since the meeting of foreign ministers of Brazil, Russia, India and China on the sidelines of the 61st UN General Assembly in 2006 which resulted in the forming of the group. The original BRIC convened their first leaders’ summit in Yekaterinburg, Russia in 2006. Developing economies desire a greater role in reforming global trade and financial architecture which was manifested in the recent expansion of BRICS. By 2010, South Africa had joined. In 2015, they created the New Development Bank, based in Shanghai. The group indicated openness to new members, which can bring vitality and expand the organization’s resources and influence. In contrast, the G7, which dates to 1973, remained stagnant since expelling Russia from a short-lived G8 in 2014. US-led Quad, founded in 2007 and revived in 2017 is also having a hard time taking off. The security quartet failed to induct new members despite overtures to other Indo-Pacific countries. “The obvious security focus of the grouping made regional countries edgy about formally joining the minilateral,” according to Ong. The post BRICS seen overtaking G7 appeared first on Daily Tribune......»»
BRICS admits 6 new members
South African President Cyril Ramaphosa announced Thursday that the BRICS club of emerging nations will admit Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates as full members starting next year. Ramaphosa announced the new members at the summit of the Brazil, Russia, India, China, South Africa group in Johannesburg. Mohammad Jamshidi, a senior adviser to Iran’s president, hailed the country’s forthcoming admission to the BRICS on X, calling it a triumph of diplomacy for the Islamic republic. “Ethiopia stands ready to cooperate with all for an inclusive and prosperous global order,” Ethiopia’s Prime Minister Abiy Ahmed said. Calls to expand the had dominated the agenda at its three-day summit and exposed divisions among the bloc over the pace and criteria for admitting new members. Nearly two dozen countries had formally applied to join the club, which represents a quarter of the global economy and more than three billion people. WITH AFP The post BRICS admits 6 new members appeared first on Daily Tribune......»»
‘Total frenzy’: Swift fever grows in Latin America
Excitement is building among Taylor Swift fans in Latin America who have endured months-long queues, expensive tickets and, in one case, assault to realize their dream of seeing the pop superstar. The 33-year-old singer-songwriter, who holds the women's record for most number one albums, will bring her "Eras" tour to the region from Thursday starting in Mexico, followed by Argentina and Brazil. In Rio de Janeiro, Renan Rodrigues camped out for several nights to buy tickets for Swift's November 17-19 concerts at the Nilton Santos stadium. The 24-year-old DJ, who performs at parties for Swifties, as the pop star's devoted fans are known, got tickets to all three performances. But he paid a high price -- an assailant hit him on the head with a bottle for resisting an attempted robbery while he was waiting. "They wanted to take my cellphone, and inside the case was my card from the only bank authorized for ticket sales. I just thought: they won't take my card," said Rodrigues, who suffered superficial injuries. Tickets for Taylor Swift shows in Brazil cost between $35 and $468. In Mexico, where young people earn an average salary of $366 a month according to official data, fans had to pay between $55 and $614. Ingrid Cruz, founder of the official Mexican fan club, described the high cost as "abuse" and complained that VIP packages were prioritized over regular tickets. Fans also reported problems with the platform of US retail giant Ticketmaster. The vendor operates in Mexico as part of the powerful CIE entertainment and media group, which in turn controls around two-thirds of the local market for live shows. Pre-sales for the four concerts in Mexico City were based on a previous registration of "verified fans" by email. But even Joel Aguilar, creator of Taylor Swift MX, a fan site with some 20,000 followers from 20 countries, failed to qualify, he said. Denisse Castro, 26, who has been unemployed for six months, hoped that building a credit history and obtaining a card from the bank sponsoring the concert would help her to secure good seats. Unfortunately for her, the bank recently tightened its credit restrictions, so Castro could only afford the cheapest tickets. In the Argentine capital Buenos Aires, a group set up camp outside the River stadium in June, five months before the concert, to ensure they have places near the stage. "It's going to be a total frenzy," said Iara Palavencino, one of the fans, who take it in turns to reserve their spots. Tickets sold out quickly in Argentina, despite the country's serious economic crisis. In Chile, President Gabriel Boric, a self-proclaimed Swiftie, made an unsuccessful appeal to Swift to include his country on her tour. And in Mexico, proving that the pop star's popularity transcends age, a 64-year-old Supreme Court judge outed himself as a Swiftie earlier this year. "There's nothing trivial about Taylor Swift," Arturo Zaldivar wrote in a newspaper in June. The post ‘Total frenzy’: Swift fever grows in Latin America appeared first on Daily Tribune......»»
Five things to know about BRICS
The BRICS countries, an acronym of the five members Brazil, Russia, India, China, and South Africa, meet for three days for a summit in Johannesburg starting Tuesday. Representing 23 percent of the world's gross domestic product (GDP) and 42 percent of the world's population, they are seeking to dull Western economic domination in global affairs. Here are some facts and figures about the BRICS: A new world order? A group of emerging economies, it was formally launched in 2009 and it meets yearly at a summit hosted in rotation by one of the member countries. The meetings aim to assert their position, particularly in relation to the United States and the European Union. It promotes the recognition of a multipolar global order with economic and political balance, with the aim of breaking away from organizations formed in the post-World War II era, such as the World Bank and the International Monetary Fund (IMF). Aspirants The bloc whose economic growth is mainly driven by China and India, is now open to expansion. Twenty-three candidates have applied to join the BRICS, and an almost similar number have expressed an interest - among them Argentina, Ethiopia, Iran, and Saudi Arabia. One of the attractions of the group is the New Development Bank, created in 2015 with the aim of offering an alternative to the World Bank and the IMF. The Shanghai-headquartered bank has since invested $30 billion in infrastructure development projects in member states and other developing economies. The Putin dilemma Preparations for the summit saw diplomatic tensions rise on the global stage after host President Cyril Ramaphosa invited Russia's President Vladimir Putin who is the target of an International Criminal Court (ICC) arrest warrant over the war in Ukraine. Following months of speculation, Pretoria finally said Putin will attend the summit via video link. South Africa, whose ruling ANC party forged relations with Moscow during the Cold War, when the Soviet Union backed its fight against apartheid, has refused to condemn Russia's invasion of Ukraine. Down with the dollar The five countries account for 18 percent of international trade, the majority of which is transacted in dollars. Critical of the greenback's predominance in world trade, one of their goals is to free themselves from the dollar. The bloc supports the increased use of members' national currencies for trade and the introduction of a common payment system in the long term. Brazil and China earlier this year signed a bilateral agreement to settle their trade in their local currencies. University rankings A meeting of BRICS education ministers last month announced their intention to create their own international university rankings. Moscow believes that Russian universities are being excluded from existing international rankings for political reasons. The post Five things to know about BRICS appeared first on Daily Tribune......»»
Lula says ‘world must help’ Brazil save the Amazon
President Luiz Inacio Lula da Silva said Wednesday the "world must help" Brazil protect the Amazon, ahead of a summit next week on the world's biggest rainforest, a key buffer against climate change. "We know we have a responsibility to convince the world that investing is cheap if it's a matter of saving the rainforest," the veteran leftist told a breakfast meeting with AFP and other international media. "The world needs to help us preserve and develop the Amazon," he said, in response to a question on how to balance the need for economic development in the Amazon region with protecting the forest. Lula and leaders of other countries with territory in the sprawling Amazon are set to meet next week in the Brazilian city of Belem on developing policies to protect the rainforest, which is being badly damaged by deforestation. It will be the first meeting of the eight-member Amazon Cooperation Treaty Organization since 2009. Deforestation in Brazil's 60-percent share of the Amazon fell by 33.6 percent year-on-year from January to June, the first six months of Lula's term, according to official figures. The destruction of the rainforest had surged under his far-right predecessor, Jair Bolsonaro (2019-2022), who presided over an increase of more than 75 percent in annual deforestation versus the previous decade. Lula said he planned to work with other Amazon basin leaders to "share research on the region's biodiversity" and seek ways to enable people there to "work without destroying" the fragile ecosystem. Lula, 77, who previously led Brazil from 2003 to 2010, also reiterated his desire to help forge a peace deal for Ukraine. Both Russia and Ukraine "are in the 'I'm going to win' stage. Meanwhile, people are dying," he said. He also spoke in favor of expanding the BRICS group of emerging economies, formed by Brazil, Russia, India, China and South Africa. He said the group should discuss inviting new members at its upcoming summit in South Africa later this month, suggesting Saudi Arabia, the United Arab Emirates and Argentina as possibilities. The post Lula says ‘world must help’ Brazil save the Amazon appeared first on Daily Tribune......»»
Around 2,000 penguins wash up dead on Uruguay coast
Around 2,000 penguins have appeared dead on the coast of eastern Uruguay in the last 10 days, and the cause, which does not appear to be avian influenza, remains a mystery, authorities said. The Magellanic penguins, mostly juveniles, died in the Atlantic Ocean and were carried by currents to Uruguayan shores, said Carmen Leizagoyen, head of the Environment Ministry's Department of Fauna. "This is mortality in the water. Ninety percent are young specimens that arrive without fat reserves and with empty stomachs," she said and stressed that all samples taken have tested negative for avian influenza. Magellanic penguins nest in southern Argentina. In the southern hemisphere winter, they migrate north in search of food and warmer waters, even reaching the coast of the Brazilian state of Espirito Santo. "It is normal for some percentage to die, but not these numbers," Leizagoyen said, recalling that a similar die-off occurred last year in Brazil, for undetermined reasons. Hector Caymaris, director of the Laguna de Rocha protected area, told AFP that he counted more than 500 dead penguins along six miles (10 kilometers) of the Atlantic coast. Environmental advocates attribute the increase in Magellanic penguin deaths to overfishing and illegal fishing. "From the 1990s and 2000s, we began to see animals with a lack of food. The resource is overexploited," Richard Tesore, of the NGO SOS Marine Wildlife Rescue, told AFP. A subtropical cyclone in the Atlantic, which hit southeastern Brazil in mid-July, probably caused the weakest animals to die from the inclement weather, he added. In addition to penguins, Tesore said he has recently found dead petrels, albatrosses, seagulls, sea turtles, and sea lions on the beaches of Maldonado, a department east of the capital Montevideo. The post Around 2,000 penguins wash up dead on Uruguay coast appeared first on Daily Tribune......»»
UN highlights ‘vicious cycle’ of climate impacts for Latin America, Caribbean
As some Latin American countries battle severe drought and other disease outbreaks brought on by flooding, the World Meteorological Organization warned Wednesday that extreme weather and climate shocks were becoming more acute in the region. Latin America and the Caribbean were caught in a "vicious cycle of spiraling impacts" of accelerated warming and sea-level rise, the UN weather agency said in a new report on the state of the climate in 2022. Many recent events in the region were influenced by a long-running La Nina climate event, "but also bore the hallmark of human-induced climate change," said WMO secretary-general Petteri Taalas. And he warned, "The newly arrived El Nino will turn up the heat and bring with it more extreme weather." El Nino is marked by warmer-than-average sea surface temperatures in the central and eastern Pacific near the equator, while La Nina has the opposite effect. Highlights of the WMO report released in Havana: - In Latin America and the Caribbean, the period from 1991 to 2022 showed an average warming trend of about 0.2 degree Celsius per decade (higher in Mexico and the Caribbean) -- the highest rate on record - Sea levels rose at a higher rate in the South Atlantic and subtropical North Atlantic than the global mean, increasing the risk of coastal flooding and freshwater contamination - Exceptionally high temperatures, low air humidity, and severe drought led to periods of record wildfires in countries including Argentina and Paraguay - The fires, in turn, contributed to planet-warming carbon dioxide emissions reaching their highest levels in 20 years, "locking in even higher temperatures" - Floods and landslides triggered by heavy rains caused hundreds of fatalities in the region and billions of dollars in losses - Drought in the Parana-La Plata Basin which includes areas of Bolivia, Brazil, Paraguay, Uruguay, and Argentina, was the worst since 1944. Low river flows reduced hydropower production, forcing countries to replace hydroelectric energy sources with polluting fossil fuels - Chile is in the grips of a 14-year-long mega-drought -- the most severe in the region in over 1,000 years - Glacier melt has worsened, with near total loss of snowpack in the Andean glaciers in the 2022 summer. The darker glaciers, as a result, absorbed more solar radiation, further accelerating the melt - Only about 60 percent of people in Latin America and the Caribbean are covered by early warning systems for severe weather events. The post UN highlights ‘vicious cycle’ of climate impacts for Latin America, Caribbean appeared first on Daily Tribune......»»
Nearly 40 countries at UN back LGBTQ families
Nearly 40 countries at the United Nations backed LGBTQ families on Tuesday, at a time when some Muslim and African nations are contesting sexual orientation and gender identity language in UN forums. "Families play a fundamental role in society. Supporting families is an important element in promoting and protecting human rights," 37 countries said in a statement at the UN Human Rights Council. "This support must be inclusive of all family compositions, including multigenerational and extended families, single-parent households, LGBTIQ+ families and Indigenous kinship groups," Australia's representative said on behalf of several countries. They were mainly from Europe and the Americas, plus Israel, New Zealand and East Timor. They called on countries and UN bodies "to continue to apply an inclusive lens to families, and to ensure that equality, non-discrimination, and the universality of human rights remain at the centre of engagement in supporting families". Argentina, Brazil, Britain, Canada, Germany, Mexico, Spain and the United States were among the signatories. The statement comes as several other countries, notably from the Middle East, are mounting a defence of the traditional family in UN forums. Sexual orientation and gender identity issues will be at the heart of the 53rd Human Rights Council session, which started on Monday and runs until mid-July. Such issues have become contentious in several branches of the UN. Countries in the Organisation of Islamic Cooperation and many African nations, plus Russia and China, are trying to roll back concepts and language which have been embedded in UN documents for at least a decade. Earlier this month, OIC and African countries were blocking the adoption of the UN labour agency's budget, before agreeing to a last-minute compromise over references to discrimination based on gender identity and sexual orientation. "Promoting a framework around discrimination that does not have the international consensus and reflects priorities of the few risks undermining the spirit of cooperation," said Pakistan's Khalil Hashmi, on behalf of the OIC group, before the vote was finally passed. The World Health Organization has since last year seen attempts to remove such references from its strategy on infection prevention, while the Human Rights Council faces growing opposition to long-standing efforts to monitor for discrimination based on sexual orientation and gender identity. The post Nearly 40 countries at UN back LGBTQ families appeared first on Daily Tribune......»»
Brazil cyclone leaves 11 dead
A cyclone that tore through Brazil Thursday to Friday left at least 11 people dead and 20 others missing, local officials said on Saturday. Eighteen people were reported missing in Caraa while two were missing in Tres Forquilhas, the government of Rio Grande do Sul state, which borders Argentina and Uruguay, said in a statement. Another 2,330 people were left with damaged houses and 602 were evacuated. Rio Grande do Sul governor Eduardo Leite said state firefighters had rescued about 2,400 people in the past two days. “Our main objective at this moment is to protect and save human lives. Rescue people who are isolated, locate the missing and support families,” Leite said. The post Brazil cyclone leaves 11 dead appeared first on Daily Tribune......»»
EU watchlist excludes Phl
In its fifth year, the Philippines remains excluded from the European Commission’s intellectual property rights watchlist, a biennial publication identifying the priority countries that pose a great level of concern to the IP-laden industries of the European Union. A report released on 17 May, relayed by the Intellectual Property Office of the Philippines on Tuesday, mentioned “legal uncertainties and diverging applications of the law, low level of trade secrets protection and enforcements and overall weak IPR enforcement” as the deciding factors of the priority countries. “Our exclusion from the list from 2019 signifies that we remain an attractive investment destination to trade partners. Truly, we have come a long way in maintaining a safe IP climate in tune with global economic standards,” said IPOPHL director general Rowel Barba. China is ‘priority one’ in the list The EU report stated that China tops the list as the sole country under “priority one” due to the persistence of IP rights violations through piracy and counterfeiting, paired with inconsistent IPR law enforcement and application. While under “priority two,” the EU Commission report has flagged India, particularly for the several constraints on patent protection, and Turkey, generally for their gaps in national IP enforcement. Meanwhile, “priority three” countries consist of Argentina, Brazil, Ecuador, Indonesia, Malaysia, Nigeria, Saudi Arabia and Thailand, for varying IP protection concerns. Despite the Philippines being delisted from the report, Barba emphasized the importance of “going beyond” the exclusion from global watchlists. More work needs to be done “Still, we acknowledge that there is much more work needed to be done to ensure a clean and reliable marketplace for IP rights owners across all nations. Since our last mention as a priority three in 2019, we have doubled down our efforts to safeguard our investment attractiveness, a testament to our commitment as a proactive national IP office,” Barba added, with the assurance that they continue efforts to keep counterfeiting and piracy at bay. Last May, IPOPHL successfully facilitated the addition of eight well-known brands to the E-commerce MoU, internationally recognized as one of the best practices to foster trust in online marketplaces. In a recent capacity-building effort with the EU Commission-funded ARISE + Philippines, over 40 representatives of the National Committee for IP Rights, aided by the International Trade Centre, tackled the matter of general IP enforcement and enforcement within the digital environment. Meanwhile, IPOPHL continues to initiate anti-counterfeiting and anti-piracy policy campaigns across local government units and the academe to deepen IP rights awareness, especially among public authorities critical in IP enforcement. Whole-of-nation approach “Our whole-of-nation approach to IP enforcement does not only empower our economic landscape. This also translates to a prosperous and lasting relationship with critical trade partners such as the EU,” Barba remarked. According to the EU Commission, trade in goods in 2022 between the Philippines and the EU amounted to €18.4 billion, while the 2022 bilateral trade in services amounted to €4.7 billion. In 2021, the EU accounted for 7.9 percent of the Philippines’ total trade, making it the Philippines’ fourth-largest trading partner. On the other hand, the Philippines ranks as the EU’s 39th largest foreign investor, making up for 0.4 percent of the EU’s overall trade. The post EU watchlist excludes Phl appeared first on Daily Tribune......»»
Taylor Swift to perform in South America
American pop superstar Taylor Swift announced on Saturday that she will be bringing her phenomenal concert tour, dubbed "The Eras Tour", to some countries in South America. "Really thrilled to tell you this!! Mexico, Argentina, and Brazil: We are bringing The Eras Tour to you this year!" She exclaimed on social media, adding that singer Sabrina Carpenter will be joining her on all of the shows. "LOTS more international dates to come soon," Swift promised to her fans. [caption id="attachment_140148" align="aligncenter" width="525"] (Image from Taylor Swift / Facebook)[/caption] Meanwhile, in the Philippines, her fans gathered inside TriNoma Mall in Quezon City last week to watch the popstar's preeminent local impersonator, Taylor Sheesh, performing a version of the "Eras" concert. Sheesh's gig was courtesy of Swifties Philippines, a fan-led coalition campaigning for Swift's return to the country. The American singer last performed in the Philippines in 2014 for her "Red" concert tour. The fan group is hoping and clamoring for the Philippines' inclusion in "The Eras Tour" itinerary. The post Taylor Swift to perform in South America appeared first on Daily Tribune......»»
History, Immortality staked at World Cup Finals between France, Argentina
France is seeking to become the first repeat World Cup champions since Brazil from 1958 and 1962 while Argentina, like their foes, is looking for their third title overall — but their first since 1986......»»
France vs Argentina: Coup de grace in Qatar
Now the moment of truth as insomniacs of the world unite to watch Les Bleus seeking to become the first repeat champions since the Pele-led Brazil in 1962. The Albiceleste stand in their way, as Messi looks to notch the only missing silverware in his storied career......»»
Brazil vs. Argentina will not play again: both teams will pay a fine | CONMEBOL Qualifiers | diagonal | RMMD | Sports
The Qatar 2022 World Cup already met in its qualifiers last June, however, in the CONMEBOL qualifiers, there was one match pending: Brazil vs. Argentina......»»
The Organization for Economic Co-operation and Development approves plans to join Peru and Brazil. Leave Argentina out
The Organization for Economic Co-operation and Development (OECD) announced on Friday that it will begin the accession process Five more countries will join the membership,.....»»
Messi ends drought as Argentina tops Brazil
RIO DE JANEIRO—When Lionel Messi, already a regular starter for the mighty Barcelona, made his international bow in 2005 as an 18-year-old for a powerful Argentina side he surely never imagined it would take him 16 years to finally claim a trophy with his country......»»
Messi, Neymar to battle in dream Copa final for 1st title
Former Barcelona teammates Lionel Messi and Neymar will line up opposite each other in Saturday’s Copa America final looking to end a hoodoo that has also affected some of their countries’ greatest players. Like Brazil’s Pele and Diego Maradona of Argentina before them, neither Messi nor Neymar has ever won the Copa. That statistic will […] The post Messi, Neymar to battle in dream Copa final for 1st title appeared first on Cebu Daily News......»»
Recovery can start this Christmas season
THE COVID-19 pandemic is still with us and in the rest of the world, where it is surging in a new wave of infections and deaths. We are fortunate the virus has not been as virulent in our country as it has been in the United States, India, Brazil, France, Russia, Spain, United Kingdom, Argentina, Italy, and […].....»»