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LatinNews Daily - 5 March 2025
Main Briefing
On 4 March the trial began of Peru’s former president Pedro Castillo (2021-2022), who is accused of rebellion and abuse of authority in relation to his attempt to dissolve congress in December 2022.... Read More
Andean
*The US Treasury Department’s Office of Foreign Assets Control (Ofac) has issued a new general licence concerning the winding down of US oil firm Chevron’s activities in Venezuela.... Read More
Brazil
On 4 March military police killed 12 suspects in a clash between rival criminal gangs in Brazil’s northeastern Bahia state.... Read More
*Brazil’s agriculture ministry has confirmed that China’s customs administration (Gacc) has suspended shipments of beef from three processing facilities in Brazil.... Read More
Central America & Caribbean
On 4 March an international consortium led by US investment firm BlackRock Inc announced a deal to purchase two ports on the Panama Canal operated by the Panama Ports Company (PPC), a subsidiary of Hong Kong-based CK Hutchison Holdings.... Read More
*El Salvador’s authoritarian President Nayib Bukele has said that El Salvador continues to strengthen its “strategic reserves” of cryptocurrency bitcoin with the acquisition of another bitcoin on 4 March. According to government media outlet, La Página, the country has accumulated a total of 15 bitcoin in recent days.... Read More
Mexico
On 4 March Mexico’s lower chamber of congress voted in a new law prohibiting nepotism and consecutive re-election, but its provisions will only come into force in 2030, not 2027 as originally proposed by President Claudia Sheinbaum.... Read More
*Mexico’s President Claudia Sheinbaum has said that her government will respond on 9 March to the recent decision announced by US President Donald Trump to impose 25% tariffs on Mexican and Canadian exports.... Read More
Southern Cone
On 4 March Chile’s President Gabriel Boric appointed Álvaro Elizalde as his new interior and public security minister to replace Carolina Tohá, who has resigned her position in order to stand in the presidential elections later this year.... Read More
*Paraguay’s central bank (BCP) has announced that monthly inflation in February stood at 0.4% bringing the annual rate to 4.3%.... Read More
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- PERU: Castillo’s trial gets underway
- In brief: Chevron given deadline to wind down Venezuela operations
- BRAZIL: Deadly police clash in Bahia
- In brief: China suspends beef imports from three plants in Brazil
- PANAMA: US-led group buys Panama Canal ports
- In brief: El Salvador’s Bukele unwavering on bitcoin
- MEXICO: Anti-nepotism law approved – but postponed
- In brief: Mexico sets date to unveil US tariff response
- CHILE: Boric appoints new interior minister
- In brief: Paraguay’s inflation up in annual terms