
mercopress9h ago
Chile's labor market hits 38 months of unemployment above 8% as growth forecast is revised down
Chile's unemployment rate stood at 8.9% during the moving quarter from January to March 2026, a 0.2 percentage point increase over twelve months, according to data released on Wednesday by the National Statistics Institute (INE). The figure exceeded market expectations, which projected 8.6% according to the Bloomberg consensus, and completes 38 consecutive months with the indicator above 8%, confirming a structural weakness in the Chilean labor market that remains one of the main concerns of ...
mercopress5d ago
Kast–Paz rapprochement opens door to potential restoration of Bolivia–Chile relations
The foreign ministers of Bolivia, Fernando Aramayo, and Chile, Francisco Pérez Mackenna, agreed on Friday to deepen bilateral ties and advance a joint economic agenda, amid a decisive diplomatic rapprochement between the two countries after nearly five decades without ambassador-level relations. The meeting, held at an event organized by the Chamber of Industry, Commerce, Services, and Tourism (Cainco) in Santa Cruz, concluded a two-day official visit by the Chilean minister.
mercopress7d ago
Brazil's iGaming Market Turns 15 Months Old With Big Questions Still Open
SiGMA South America closed in Sao Paulo on April 10th drawing more than 18,000 delegates and over 400 exhibitors for three days of debate about the future of online gaming across Latin America. The centrepiece discussion was unavoidable: one year on from the launch of Brazil's regulated iGaming market on January 1, 2025, what has actually been achieved and what remains unresolved?
mercopress9d ago
Irregular Venezuelans in Chile want to leave but can't: no papers, no consulate, no return mechanism
As President José Antonio Kast's government ramps up its campaign against irregular immigration with deportation flights and promises of mass expulsions, thousands of undocumented Venezuelans in Chile face a paradox: they want to leave but cannot do so legally. Without valid passports, without Venezuelan consular services in the country and without a formal voluntary return mechanism, they are trapped between a government that does not want them and a homeland they cannot reach.
mercopress13d ago
“We are oppressed in Brazil”: thousands of conservative Brazilians seek new life in Paraguay
Hundreds of Brazilians camped overnight on beach chairs, plastic benches and tarps outside an immigration center in Ciudad del Este, on the border with Brazil, to secure a spot in a Paraguayan government drive to fast-track residency applications. Some organized an improvised barbecue on a barrel while they waited. Others had traveled more than 1,500 kilometers by bus. All shared a common thread: the desire to leave Brazil for reasons they describe as political, economic and ideological, acco...
mercopress19d ago
Brazil's inflation rises to 4.14% in March driven by higher fuel and food costs
Annual inflation in Brazil accelerated to 4.14% in March, pushed higher by rising fuel and food prices, the Brazilian Institute of Geography and Statistics (IBGE) reported on Friday. The figure reverses the slowdown recorded in February, when the index had eased to 3.81%.
mercopress20d ago
Brazilian judge suspends 12% crude oil export tax for five international oil companies
A federal judge in Rio de Janeiro issued a preliminary injunction suspending the 12% crude oil export tax for five international companies operating in Brazil: Shell, TotalEnergies, Equinor, Repsol Sinopec and Petrogal. The ruling represents an initial court victory for the oil companies in their dispute with President Luiz Inácio Lula da Silva's government over a levy they consider unconstitutional.
mercopress23d ago
Chile and Argentina seek to "confront common enemies" in Kast's first state visit
Chilean President José Antonio Kast departed Sunday on his first official trip abroad to meet his Argentine counterpart Javier Milei in a state visit centered on security, organized crime and the extradition of former guerrilla member Galvarino Apablaza.
mercopress28d ago
Bolivia: probe into ring that stole and adulterated fuel imported through Chilean ports
Bolivian President Rodrigo Paz on Tuesday denounced the existence of an international ring dedicated to stealing and adulterating gasoline and diesel imported into the country, with operations detected in Chile, Argentina, and Paraguay. According to the president, the scheme originated under the previous management of Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), the state-owned fuel supply company.
mercopress1mo ago
Sharp fuel price hike in Chile triggers first protests against Kast government
Chilean President José Antonio Kast's government faced its first street protests since taking office on March 11 this week, after a historic fuel price increase hit consumers and rapidly eroded public support for the far-right leader.
mercopress1mo ago
Brazil unveils first supersonic fighter jet manufactured on its soil, a milestone for Latin America
Brazilian aircraft manufacturer Embraer unveiled on Wednesday the first F-39E Gripen fighter jet manufactured in Brazil, a milestone the country's presidency called "unprecedented in Latin America." It is the first of 15 supersonic combat aircraft Embraer will produce at its facility in Gavião Peixoto, São Paulo state, under a total contract for 36 jets ordered from Swedish firm Saab.
mercopress1mo ago
Ex President Boric draws mixed reactions after being spotted riding Santiago de Chile's Metro
Less than two weeks after leaving office, former Chilean President Gabriel Boric drew renewed public attention after being spotted riding the Santiago Metro as an ordinary passenger.
mercopress1mo ago
Chile withdraws support for Bachelet's candidacy for UN Secretary General
The government of José Antonio Kast on Tuesday withdrew Chile's backing for former President Michelle Bachelet's bid to lead the United Nations, deeming her candidacy "unviable" in the current context.
mercopress1mo ago
Lula and Peña agree to accelerate Itaipú treaty review
The presidents of Brazil, Luiz Inácio Lula da Silva, and Paraguay, Santiago Peña, agreed on Sunday in Campo Grande to intensify negotiations over Annex C of the Itaipú treaty, the instrument that governs the financial terms and energy sales of the binational hydroelectric dam, one of the largest in the world.
mercopress1mo ago
UK reaffirms longstanding relation with Chile and continued partnership for the future
During the recent inauguration of the newly elected Chilean government headed by President Jose Antonio Kast, (March 11th), the United Kingdom was represented by Parliamentary Under Secretary of State for Latin America and the Caribbean, Chris Elmore MP, who reflects on the strong bilateral relations, and future prospects.
mercopress1mo ago
Kast launches border barriers in northern Chile and hardens migration agenda
Chilean President José Antonio Kast on Monday launched the border control works he had promised during the campaign, starting in Chacalluta in the Arica and Parinacota region, in an early sign that migration and security will be among the defining priorities of his administration. According to Chile’s presidency, Kast inspected the works at the frontier and highlighted the Army’s deployment to secure the area.
mercopress1mo ago
Thousands of Venezuelans in Santiago de Chile rally behind María Corina Machado
Venezuelan opposition leader María Corina Machado drew thousands of supporters to central Santiago on Thursday in the largest public demonstration she has led since leaving Venezuela in late 2025. The gathering, held between Paseo Bulnes and Parque Almagro, exceeded initial expectations and became one of the most visible displays of the Venezuelan diaspora in Chile in recent years. According to estimates by Carabineros cited by Chilean and Spanish media, turnout ranged between 16,000 and 17,0...
mercopress1mo ago
Chile: Kast arrives at La Moneda with a 90-day plan focused on security, fiscal cuts and migration
José Antonio Kast will be sworn in as Chile’s president on Wednesday with a pledge to lead an “emergency government” focused on security, the economy and migration control, as he seeks to turn his electoral mandate into early, visible action. His team has drafted a first 90-day roadmap combining administrative measures, regulatory changes and an initial batch of bills meant to show movement from the outset.
mercopress1mo ago
Lula withdraws from Kast inauguration amid presence of Flávio Bolsonaro
Brazilian President Luiz Inácio Lula da Silva has canceled a planned trip to Chile to attend José Antonio Kast’s inauguration on Wednesday and will instead be represented at the ceremony by Foreign Minister Mauro Vieira. Brazilian officials said the change was due to “scheduling reasons.”
mercopress1mo ago
Lula warns Brazil must be ready to defend itself amid rising global tensions
Brazilian President Luiz Inácio Lula da Silva warned Monday that the country must be prepared to defend itself against potential external threats, as global geopolitical tensions intensify, during a joint appearance with South African President Cyril Ramaphosa in Brasília.
mercopress9h ago
Lula's Supreme Court nominee defends limits on judicial power in Brazilian Senate hearing
Jorge Messias, Brazilian President Luiz Inácio Lula da Silva's nominee to fill the open seat at the Federal Supreme Court (STF), defended on Wednesday before the Senate the need to limit the power of judges, in a bid to expand support for his candidacy in what is shaping up to be a closely contested vote. The Solicitor General of the Union appeared before the Constitution and Justice Committee, where he made explicit overtures toward the Bolsonarist right-wing opposition, particularly critica...
mercopress6d ago
LATAM and Aerolíneas Argentinas aircraft collide on the ground at Santiago airport with no injuries reported
Two commercial aircraft collided on the ground at Santiago's Arturo Merino Benítez International Airport on Wednesday evening in an incident that left no injuries but forced the rescheduling of both affected flights. The collision occurred at around 8:00 p.m. local time, when a LATAM Airlines Airbus A321 struck a stationary Aerolíneas Argentinas Boeing 737 that was holding on the apron awaiting clearance for take-off.
mercopress7d ago
Chile closes ranks on Strait of Magellan sovereignty a week after Argentine admiral's remarks
A week after remarks by Argentine Rear Admiral Hernán Montero on the eastern mouth of the Strait of Magellan went viral, the Chilean government has consolidated a unified stance in defense of its sovereignty, while internal debate has shifted toward the executive's handling of the communications response.
mercopress12d ago
Lula and Sanchez seal progressive alliance in Barcelona and call for front against global far right
Brazilian President Luiz Inácio Lula da Silva and Spanish Prime Minister Pedro Sánchez on Friday cemented a political alliance in Barcelona between the European and Latin American left against the advance of the far right on both continents. At the first bilateral Spain-Brazil summit, held at the Pedralbes Palace with military honors and the participation of roughly ten ministers from each side, both leaders displayed total alignment and signed a series of cooperation agreements.
mercopress15d ago
Brazil coffee exports fall 21% in Q1 despite record crop forecast
Brazil, the world's largest coffee producer and exporter, shipped 8.4 million 60-kilogram bags between January and March 2026, a volume 21.2% below the same period in 2025, the Brazilian Coffee Exporters Council (Cecafé) reported on Monday. Export revenues also fell 13.6%, to US$3.371 billion.
mercopress20d ago
Chilean Air Force conducts first-ever aerial refueling of US F-35 fighters
The Chilean Air Force (FACh) completed for the first time an aerial refueling operation involving two U.S. Air Force F-35A Lightning II fighters, in a milestone that demonstrates growing interoperability between the two countries and the level of modernization achieved by Chile's military aviation.
mercopress22d ago
São Paulo stock exchange reverses losses and closes higher on US-Iran negotiation signals
The São Paulo stock exchange reversed its losses in the final minutes of trading and closed Tuesday with a slight gain of 0.05%, lifted by President Donald Trump's statement that he is in "heated negotiations" with Iran just hours before his ultimatum for the reopening of the Strait of Hormuz expired.
mercopress26d ago
Father of Argentine lawyer detained for racism in Brazil repeats same gestures at bar
Mariano Páez, father of lawyer and influencer Agostina Páez, was filmed imitating monkey gestures at a bar in Santiago del Estero — the same racist gesticulations that led to his daughter's indictment for racial slur in Brazil, where she spent over two months detained in Rio de Janeiro. The incident took place just hours after the young woman's return to her home province.
mercopress29d ago
Chile's new government freezes migrant legalization, eyes deportations
President José Antonio Kast's government has suspended a decree drafted by the previous administration of Gabriel Boric that would have regularized some 182,000 people who entered Chile irregularly and voluntarily registered with immigration authorities.
mercopress1mo ago
Argentine lawyer held in Brazil on racial slur charges faces new uncertainty after court reversal
Agostina Páez, a 29-year-old Argentine lawyer and influencer from the province of Santiago del Estero, has been held in Rio de Janeiro since January 14, when she was filmed making racist gestures toward employees of a bar in the Ipanema neighborhood. The video quickly went viral and led to three criminal complaints for racial slur, a crime that carries a penalty of two to five years in prison per offense under Brazilian law.
mercopress1mo ago
Bolsonaro leaves hospital, gets 90-day house arrest within 27-year prison sentence
Former Brazilian President Jair Bolsonaro returned to his home in Brasilia on Friday after being discharged from hospital following a two-week stay for acute bilateral pneumonia. Bolsonaro, 71, will serve at least 90 days of his 27-year prison sentence under house arrest, following a decision by Supreme Court Justice Alexandre de Moraes.
mercopress1mo ago
Lula warns he will not allow others to seize Brazil's critical minerals
Brazilian President Luiz Inácio Lula da Silva said on Tuesday he will not allow other countries to take the nation's rare earths and critical minerals, in remarks widely interpreted as a direct warning to the United States amid a growing dispute over control of these strategic resources.
mercopress1mo ago
Dollar falls and São Paulo stock exchange surges after Trump's truce signal with Iran
Brazilian financial markets posted one of their best sessions of the year on Monday after President Donald Trump announced a five-day postponement of strikes against Iran's energy infrastructure, citing "productive conversations" with Tehran.
mercopress1mo ago
Chile: Kast announces “difficult decisions” and rules out populist responses to oil crisis
Chilean President José Antonio Kast said he found the country “worse than he imagined” and warned his government will take unpopular adjustment measures, in an interview published on Saturday by the newspaper La Tercera, the first he has given since taking office on March 11.
mercopress1mo ago
Brazil’s central bank starts easing cycle, cuts Selic rate to 14.75%
Brazil’s central bank on Wednesday cut the Selic benchmark rate from 15% to 14.75% a year, marking the first reduction since May 2024 and the formal start of an easing cycle that policymakers had already flagged. In its statement, the Monetary Policy Committee, or Copom, said the move was consistent with its strategy to bring inflation back to target and noted that the external environment had become “more uncertain” because of the intensification of geopolitical conflicts in the Middle East.
mercopress1mo ago
Experts say BR privatization weakened Brazil’s ability to contain fuel prices
According to a report by Agência Brasil, industry specialists and oil-sector groups say what they describe as abusive fuel price increases in Brazil are not explained by international volatility alone. The report cites cases of gasoline being sold for R$9 a liter at some stations in São Paulo and links part of the distortion to the loss of state control over the distribution chain after the privatization of BR Distribuidora.
mercopress1mo ago
Chile's new era with Kast in power
Chile entered a new political phase on Wednesday with the inauguration of José Antonio Kast, the most conservative figure to reach La Moneda since the return to democracy. Kast was sworn in at Congress in Valparaíso and then moved to the presidential palace, where he defended the idea of an “emergency government” and said he was receiving “a country in worse conditions than we could have imagined.”
mercopress1mo ago
Lula withdraws from Kast inauguration amid presence of Flávio Bolsonaro
Brazilian President Luiz Inácio Lula da Silva has canceled a planned trip to Chile to attend José Antonio Kast’s inauguration on Wednesday and will instead be represented at the ceremony by Foreign Minister Mauro Vieira. Brazilian officials said the change was due to “scheduling reasons.”
mercopress1mo ago
María Corina Machado arrives in Chile for Kast’s inauguration and meeting with Venezuelan migrants
Venezuelan opposition leader María Corina Machado has arrived in Chile to attend Wednesday’s ceremony in which Gabriel Boric will hand over the presidency to José Antonio Kast, in a visit that also includes an event with Venezuelan residents in Santiago and several public appearances in the capital. She is among the international guests invited to the transfer of power, where Kast will formally take office at Congress in Valparaíso.
mercopress1mo ago
Women’s Day rallies in Brazil, Argentina and Uruguay focused on femicide, austerity and public funding
International Women’s Day rallies in Brazil, Argentina and Uruguay this weekend produced a shared Southern Cone agenda: opposition to gender-based violence, demands for sustained public policies and warnings about the impact of economic strain and state cutbacks on women’s lives. In Brazil, the message centered on rising femicide; in Argentina, on a strike-backed protest against President Javier Milei’s austerity drive; and in Uruguay, on demands for more funding to enforce gender-violence la...
mercopress11h ago
US/Iran war lifting oil prices, but benefiting countries such as Australia, Norway and Brazil
The US-Iran conflict has propelled currencies from energy-exporting countries into the limelight, with windfall profits from exports of oil, gas and metals helping them to outperform the US dollar.
mercopress6d ago
Latin America's largest investment bank targets Uruguay as regional hub after acquiring local HSBC unit
Brazilian group BTG Pactual, Latin America's largest investment bank, is awaiting authorisation from Uruguay's Central Bank (BCU) to begin operating in the local financial market following its $175 million acquisition of HSBC Uruguay, agreed in July 2025. Group executives expect regulatory approval to come through by mid-year, allowing them to begin operations gradually in the second half of 2026.
mercopress8d ago
Paraguay attracts record foreigners with low taxes and new investor residency program
Foreign residency applications in Paraguay surged 85% in the first quarter of 2026, reaching 18,071 compared to 9,760 in the same period of 2025, the National Migration Directorate reported. Temporary residency requests jumped 105% to 14,995, while permanent residency applications rose 25% to 3,076.
mercopress12d ago
Chile launches deportation flights under Kast with 40 migrants expelled to Bolivia, Ecuador and Colombia
The government of Chilean President José Antonio Kast carried out its first deportation flight of irregular migrants on Thursday, expelling 40 people on a Chilean Air Force (FACh) Boeing 737 that made stops in Bolivia, Ecuador and Colombia. The 19 Colombians, the last group to disembark, arrived in Bogotá shortly after 8:00 p.m. local time. The 17 Bolivians and four Ecuadorians were dropped off previously in La Paz and Guayaquil, respectively. Each deportee traveled accompanied by an officer ...
mercopress16d ago
United Kingdom highlights close relationship with Chile in defense and security
Chilean Defense Minister Fernando Barros inaugurates the United Kingdom pavilion alongside Ambassador David Concar, Mark Jackson of the RAF, and Navy Captain Jason White
mercopress20d ago
FAO food commodities prices up in March; concern with energy and fertilizer costs
World food commodity prices rose in March for the second month in a row, due largely to higher energy prices linked to the conflict escalation in the Near East, according to the latest benchmark measure released by the Food and Agriculture Organization of the United Nations (FAO).
mercopress23d ago
Chilean President Kast backs Argentine claim over Falklands in first state visit to Buenos Aires
Chilean President José Antonio Kast formally backed Argentina's sovereignty claim over the Falklands/Malvinas Islands, South Georgia, the South Sandwich Islands and surrounding maritime areas during his first state visit to Buenos Aires, where he met his counterpart Javier Milei at the Casa Rosada.
mercopress26d ago
Argentina offers reward for fugitive Chilean ex-guerrilla Apablaza ahead of Kast visit
Argentina's government on Friday offered a reward of 20 million pesos — roughly $14,000 — for information leading to the capture of Galvarino Apablaza, former leader of the Manuel Rodríguez Patriotic Front (FPMR), wanted by Chilean courts as the alleged mastermind of the 1991 assassination of Senator Jaime Guzmán and the kidnapping of businessman Cristián Edwards.
mercopress1mo ago
Brazil hit hardest as Latin America adjusts to Trump tariffs after one year
One year after the Trump administration launched its tariff offensive against more than 180 countries, Latin America presents a mixed picture: some economies lost competitiveness in the U.S. market, while others redirected exports or negotiated agreements to cushion the blow.
mercopress1mo ago
UK/Brazil Strategic Partnership 2026/2030, reaffirming 200 years of diplomatic relations
UK Foreign Secretary Yvette Cooper and Brazil Minister of Foreign Affairs Mauro Vieira signed the UK–Brazil Strategic Partnership 2026 to 2030 on 26 March 2026, at Cernay-la-Ville.
mercopress1mo ago
International project validates renewable hydrogen energy systems in Antarctica
A delegation of Chilean and European authorities and institutions completed a technical visit to the "Profesor Julio Escudero" research station operated by the Chilean Antarctic Institute (INACH) on King George Island, where progress was presented on a pilot renewable hydrogen and energy infrastructure project designed to validate hybrid energy systems in one of the planet's most demanding environments.
mercopress1mo ago
Peru confirms large-scale geothermal system in southern Andes, near Chilean border
Peru's Geophysical Institute (IGP) confirmed on Tuesday the existence of a large-scale active geothermal system in the country's southern Andes, near the Paucarani-Casiri volcano, approximately 75 kilometers northeast of the city of Tacna and close to the Chilean border, according to EFE.
mercopress1mo ago
Brazil to expand Antarctica activities with new polar vessel Comandante Saldanha
Brazil is expanding its Antarctica presence and activities with the introduction of a new polar vessel currently under construction in the county. The vessel “Almirante Saldanha” is considered an operational and scientific leap for the Brazilian Navy in the context of the strategic development of the Brazilian Antarctic Program.
mercopress1mo ago
Peña promotes Paraguay as investment destination at meeting with Brazilian business leaders
Paraguay's President Santiago Peña met on Sunday in Campo Grande, the capital of Brazil's Mato Grosso do Sul state, with business leaders from the state's Federation of Industries (FIEMS) to promote investment opportunities in his country. The meeting, organized at the association's request, brought together representatives from sectors including bioenergy, food, construction and logistics.
mercopress1mo ago
Brazil promulgates Mercosur-EU deal, completing domestic ratification of trade pact
Brazil’s Congress on Tuesday promulgated the trade agreement between Mercosur and the European Union, completing the final domestic step required for the treaty to take effect on the Brazilian side. The ceremony was led by Senate and Congress President Davi Alcolumbre, who framed the pact as a sign in favor of trade, stability and integration at a time of wars and commercial tensions.
mercopress1mo ago
Bolsonaro moved to intensive care with bronchopneumonia as family renews house arrest plea
Former Brazilian President Jair Bolsonaro was admitted on Friday to the intensive care unit of Brasília’s DF Star hospital after being transferred from prison with high fever, low oxygen saturation, sweating and chills. The medical bulletin said tests confirmed bilateral bacterial bronchopneumonia and that the former president is receiving intravenous antibiotics and non-invasive clinical support.
mercopress1mo ago
Chile: José Antonio Kast sworn in as president in conservative shift after Boric
José Antonio Kast was sworn in as Chile’s president on Wednesday in a ceremony at the National Congress in Valparaíso, in a transfer of power that confirmed the country’s sharpest shift to the right since the return to democracy in 1990. Senate President Paulina Núñez administered the oath and placed the presidential sash on him, formalizing the handover from Gabriel Boric.
mercopress1mo ago
Brazil’s Supreme Court authorizes Trump adviser to visit Bolsonaro in prison
Brazil’s Supreme Court has authorized Darren Beattie, a Trump administration adviser focused on Brazil, to visit former President Jair Bolsonaro in prison on March 18, in another sign of how far Bolsonaro’s legal case has spilled into the international arena. The decision was issued by Justice Alexandre de Moraes, who oversees the cases related to the attempt to overturn the 2022 election and Bolsonaro’s conviction for plotting against the democratic order.
mercopress1mo ago
Boric leaves office defending his record and acknowledging mistakes
In his final national address before handing the presidential sash to José Antonio Kast on Wednesday, Chilean President Gabriel Boric defended his government’s record, highlighted progress in security, pensions and healthcare, and accepted political responsibility for two of the most damaging episodes of the final stretch of his administration: the handling of the Monsalve case and the failed purchase of former President Salvador Allende’s house.
mercopress1mo ago
Women’s Day rallies in Brazil, Argentina and Uruguay focused on femicide, austerity and public funding
International Women’s Day rallies in Brazil, Argentina and Uruguay this weekend produced a shared Southern Cone agenda: opposition to gender-based violence, demands for sustained public policies and warnings about the impact of economic strain and state cutbacks on women’s lives. In Brazil, the message centered on rising femicide; in Argentina, on a strike-backed protest against President Javier Milei’s austerity drive; and in Uruguay, on demands for more funding to enforce gender-violence la...