DIRS.INFO The most relevant business & tech news

☆ Bolivia gets green light for full Mercosur membership
▼ + stars: | 2023-11-29 | by ( Lucinda Elliott | ) www.reuters.com time to read: +2 min

SAO PAULO, Nov 29 (Reuters) - Bolivia is set to become a full member of the South American Mercosur trade bloc following a decision on Tuesday by the Brazilian Senate to approve the country's admission. The vote on the accession of Bolivia to Mercosur is expected to be formally concluded during a regional summit on Dec. 7 in Rio de Janeiro. "Thank you to the senators for completing this process and congratulations to President Arce and Bolivia for joining us in Mercosur," Lula said on social media. Prospects for finally concluding the trade agreement with the EU gained traction following the election of ultra-liberal Javier Milei, a staunch critic of Mercosur, as president of Argentina. Bolivia was one of the worst offenders of primary forest clearances last year, behind only Brazil and the Democratic Republic of Congo, according to Global Forest Watch that monitors deforestation rates.

Persons: Luiz Inacio Lula da Silva, Arce, Lula, Luis Arce, Javier Milei, Milei, Lucinda Elliott, Mark Porter Organizations: SAO PAULO, South American Mercosur, Brazilian Senate, Bolivia, Senators, European Union, EU, Mercosur, Democratic, Global Forest Watch, Thomson Locations: Bolivia, Brazilian, Mercosur, Rio de Janeiro, Argentina, Paraguay, Uruguay, Brazil, Democratic Republic of Congo

☆ Bolivia severs ties with Israel over war in the Gaza Strip, as Columbia and Chile recall ambassadors
▼ + stars: | 2023-11-01 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

- Leftist economist Luis Arce assumed the Bolivian presidency facing the challenge of uniting a polarized society and reactivating an economy ravaged by the coronavirus pandemic. Bolivia on Tuesday announced it has cut off diplomatic ties with Israel as a result of the civilian deaths caused by its war in the Gaza Strip, while Chile and Colombia have recalled their ambassadors to the Middle Eastern country for consultations. The Bolivian decision took place after a Monday meeting with the Palestinian ambassador to the South American country, said Maria Nela Prada, minister of the Bolivian presidency, in an update. "The government of Bolivia's decision to cut diplomatic ties with Israel is a surrender to terrorism and to the Ayatollah's regime in Iran," Israel's Foreign Ministry said in a statement. It added, "In any case, since the change of government in Bolivia, relations between the countries have been devoid of content."

Persons: Luis Arce's, Marianela Prada, Luis Arce, AIZAR RALDES, Maria Nela Prada Organizations: Casa, Bolivian, Getty Images, Tuesday, CNBC Locations: del Pueblo, La Paz, AFP, Israel, Gaza, Bolivia, Chile, Colombia, Palestinian, American, Iran, Bolivian

☆ Evo Morales announces candidacy for 2025 Bolivia presidential elections
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

Bolivia's President Luis Arce and former President Evo Morales attend an ancestral ceremony to ring in the Aymara New Year, in Tiwanaku, Bolivia June 21, 2022. REUTERS/Manuel Claure/File Photo Acquire Licensing RightsSept 24 (Reuters) - Former Bolivia President Evo Morales will stand in the South American country's elections in 2025, he said on Sunday in a message on social media platform X, adding that he has been "obliged" by attacks against him. The announcement confirms a rift between Morales, one of Latin America's most prominent leftists, and Bolivia's sitting President Luis Arce, his former economy minister turned rival within the ruling MAS party. Morales fled the country and claimed he was the victim of a right-wing "coup" that was backed by the United States. After an 11-month caretaker government, Arce won a landslide election victory in October 2020, paving the way for Morales to return home.

Persons: Luis Arce, Evo Morales, Manuel Claure, Morales, Bolivia's, I've, Arce, Oliver Griffin, Mark Porter Organizations: REUTERS, MAS, Thomson Locations: Aymara, Tiwanaku, Bolivia, United States

☆ Bolivia hardens tone on cocaine 'mega labs', signaling crackdown
▼ + stars: | 2023-09-02 | by ( Monica Machicao | ) www.reuters.com time to read: +3 min

Along with Colombia and Peru, Bolivia is widely recognized as a leading world producer of coca, the raw ingredient for cocaine, but the government has long maintained production of consumption-ready cocaine was limited. "They are trying to turn our nation from being a drug transit country to a drug-producing country," he added and presented a drug trafficking map of some 1,804 drug factory busts since 2020, the "vast majority" in Chapare, he said. "At the same time Bolivia has managed to transition from basic paste to hydrochloride." "In Bolivia we are experiencing a dispute between two factions of the MAS, each one pointing the finger at the other suggesting that they are protecting drug traffickers." Reporting by Monica Machicao; Writing by Daniel Ramos; Editing by Adam Jourdan and Howard GollerOur Standards: The Thomson Reuters Trust Principles.

Persons: LA, Evo Morales, Eduardo del Castillo, MAS President Luis Arce, Morales, Carlos Toranzo, Arce, Toranzo, Monica Machicao, Daniel Ramos, Adam Jourdan, Howard Goller Organizations: Departmental Association of Coca Producers, MAS President, MAS, Reuters, Thomson Locations: La Paz, Bolivia, LA PAZ, Colombia, Peru, Chapare, Bolivian, MAS

☆ What is BRICS, which countries want to join and why?
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +4 min

All the BRICS countries are part of the Group of 20 (G20) of major economies. WHICH NATIONS WANT TO JOIN BRICS AND WHY? It has received backing from Russia and Brazil to join the BRICS. Bolivia's President Luis Arce has expressed interest in BRICS membership and is expected to attend the summit. Algeria said in July it has applied for BRICS membership and to become a shareholder in the New Development Bank, the so-called BRICS Bank.

Persons: Commerce Wang, Competition Ebrahim Patel, Goldman Sachs, Jim O'Neill, Luis Arce, Bhargav Acharya, Olivia Kumwenda, Tomasz Janowski Organizations: Commerce, Africa's, Trade, Industry, Competition, of Trade, Economic, United Nations, World Bank, of, Petroleum, WHO, Democratic, U.S, New Development Bank, BRICS Bank, Thomson Locations: South Africa, China, JOHANNESBURG, Brazil, Russia, India, Johannesburg, United States, United, Iran, Saudi Arabia, United Arab Emirates, Argentina, Algeria, Bolivia, Indonesia, Egypt, Ethiopia, Cuba, Democratic Republic of Congo, Comoros, Gabon, Kazakhstan, Cape Town

BELEM, Brazil, Aug 8 (Reuters) - Eight Amazon nations agreed to a list of unified environmental policies and measures to bolster regional cooperation at a major rainforest summit in Brazil on Tuesday, but failed to agree on a common goal for ending deforestation. The failure of the eight Amazon countries to agree on a pact to protect their own forests points to the larger, global difficulties of forging an agreement to combat climate change. Bolivia and Venezuela are the only Amazon countries not to sign onto a 2021 agreement among more than 100 countries to work toward halting deforestation by 2030. But tensions emerged in the lead up to the summit around diverging positions on deforestation and oil development. Fellow Amazon countries also rebuffed Colombia's leftist President Gustavo Petro's ongoing campaign to end new oil development in the Amazon.

Persons: Luiz Inacio Lula da Silva, Marcio Astrini, Lula, Luis Arce, Mauro Vieira, Ricardo Stuckert, Gustavo Petro's, Petro, Alexandre Silveira, Silveira, Jake Spring, Steven Grattan, Brad Haynes, Rosalba O'Brien, Jason Neely, Peter Graff, Aurora Ellis, Richard Chang Organizations: Climate, Reuters, Bolivian, Brazil's, Amazon Cooperation Treaty Organization, REUTERS, Amazon, Brazil's Energy, United Nations, Thomson Locations: BELEM, Brazil, Brazilian, Belem, Bolivia, Colombia, Peru, Ecuador, Guyana, Suriname, Venezuela

SQM's lithium contract in Chile is set to expire in 2030 and Albemarle's in 2043, giving it more insulation from the potential move. Mexico nationalized its lithium deposits last year, and Indonesia banned exports of nickel ore, a key battery material, in 2020. SQM has a larger footprint in Chile, with 81,000 hectares (about 200,000 acres) for lithium extraction compared with Albemarle's 16,000 hectares. Argentine state energy firm YPF last year began exploring lithium, while Bolivia has long maintained strict control over its huge though largely untapped resources. Mexico's President Andres Manuel Lopez Obrador and Bolivia's Luis Arce have touted the idea of a regional lithium "OPEC" to coordinate on lithium policy and benefit local economies.

The move would see Chile, the world's second largest lithium producer, shift to a model with the state holding a controlling interest in all new lithium projects through a public company that would partner with private mining firms. Mexico nationalized its lithium deposits last year, and Indonesia banned exports of nickel ore, a key battery material, in 2020. In early trading on Friday, Chilean firm SQM's U.S.-listed shares slid 6.2%, while Albemarle was down 2.5%. SQM's lithium contract in Chile is set to expire in 2030 and Albemarle's in 2043, giving it more insulation from the potential move. Mining shares in London fell sharply too.

☆ Colombia, Bolivia to ask UN to remove coca leaf from narcotics list
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Claudia MoralesBOGOTA, Feb 22 (Reuters) - Colombia and Bolivia will jointly ask the United Nations Commission on Narcotic Drugs to remove coca leaves from its list of prohibited substances and accept the plant's traditional uses, Colombia's government said on Wednesday. "Bolivia and Colombia consider it is the moment to once again put this issue on the table," she said. "To remove the coca leaf - the leaf, not cocaine - from the prohibited substances list." Coca leaves are widely used in different countries in Latin America, especially by indigenous groups, to treat stomach aches and altitude sickness, among other ceremonial uses. Bolivian President Luis Arce said in January his government would push for coca leaves to be removed from the list so they can be commercialized, after his predecessor Evo Morales decriminalized coca nationally.

☆ Bolivians turn out for opposition-backed 'national assembly' as protests could return
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +2 min

LA PAZ/SANTA CRUZ, Jan 25 (Reuters) - Bolivians nationwide are expected to participate in an opposition-led "national assembly" on Wednesday to discuss a slew of proposals, including whether to restart protests which ignited in December over the arrest of Santa Cruz Governor Luis Camacho. Camacho's home base of Santa Cruz, a relatively wealthy agricultural stronghold, is expected to turn out the fiercest support in favor of reinstating roadblocks, which would snarl trade within the country. Bolivians in La Paz are bracing for clashes with government supporters. Prosecutors charge Camacho, who was then a Santa Cruz civic leader, with creating the "power vacuum" behind the resignation of former President Morales. Reporting by Santiago Limachi, Sergio Limachi and Monica Machicao in La Paz and Juan Pablo Blacutt in Santa Cruz; Writing by Kylie Madry; Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ Bolivia taps Chinese battery giant CATL to help develop lithium riches
▼ + stars: | 2023-01-20 | by ( Daniel Ramos | ) www.reuters.com time to read: +2 min

LA PAZ, Jan 20 (Reuters) - Bolivia has chosen a consortium including Chinese battery giant CATL (300750.SZ) to help develop the South American country's huge, but largely untapped, reserves of lithium after a lengthy bidding process involving firms from the United States and Russia. The deal announced at an event in the political capital La Paz would see the CBC consortium partner on direct lithium extraction from the country's Potosi and Oruro salt flats. The companies who have remained in the race include U.S. firm Lilac Solutions, Russia's Uranium One Group and three other Chinese bidders. "Today begins the era of industrialization of Bolivian lithium," Arce said, adding that there was "no time to lose" in developing the metal. Energy minister Franklin Molina said the move showed there were "sovereign alternatives to the privatization models of lithium exploitation."

☆ Bolivia judge rules opposition governor must remain detained ahead of trial
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Manuel ClaureLA PAZ, Jan 19 (Reuters) - A Bolivian judge ruled Thursday that Santa Cruz Governor Luis Camacho, a leader long in opposition to the left-leaning federal government, must remain detained while he awaits trial. Since then, weeks of protests and blockades in Camacho's Santa Cruz region, an agricultural hub, have impacted trade with the rest of the country, putting pressure on political capital La Paz. Camacho's lawyer had appealed his four-month detention ahead of his expected trial, arguing that he was not a flight risk and should be placed under house arrest. But judge Rosmery Lourdes Pabon on Thursday ruled that he should remain imprisoned. Morales' successor, the conservative former Senate Vice President Jeanine Anez, was sentenced to 10 years in prison in June for orchestrating a coup.

[1/4] Soy plants are pictured on a farm in Enconada, on the outskirts of Santa Cruz de la Sierra, Bolivia, January 7, 2023. The tensions underscore a sharpening of a deep-seated rivalry between Santa Cruz and La Paz - Bolivia's farming hub and the political capital respectively - that have long butted heads over politics and resources. La Paz is an Andean stronghold with a large indigenous population that has traditionally titled towards the ruling socialist MAS party. "They can't resist on their own", said Montenegro, adding the rising economic pressures would force Santa Cruz producers to re-start supply within the country. Every Santa Cruz person has to fight, all Bolivians must fight for the well-being of Bolivia, for freedom."

☆ Global leaders condemn assault on Brazilian government buildings
▼ + stars: | 2023-01-08 | by ( ) www.reuters.com time to read: +7 min

Brazil's democratic institutions have our full support and the will of the Brazilian people must not be undermined. Using violence to attack democratic institutions is always unacceptable. BOLIVIAN PRESIDENT LUIS ARCE"We strongly condemn the assault on the Brazilian Congress, Palace and Supreme Court by anti-democratic groups. A return to normality is urgently needed and we express solidarity with Brazilian institutions. We categorically condemn the assault on the Brazilian Congress and make a call for the immediate return to democratic normality."

☆ Bolivia's Arce hopes to mend ties with Brazil as Lula takes office
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +1 min

LA PAZ, Jan 2 (Reuters) - Bolivia's President Luis Arce said on Monday he hopes Brazil's new president, Luiz Inacio Lula da Silva, will help improve diplomatic relations and explain issues that generated controversy during former President Jair Bolsonaro's mandate. Arce pointed to the supposed support of far-right politician Bolsonaro for the resignation of former leftist president Evo Morales in 2019. Like Lula, Morales had formed part of a wave of leftists who dominated Latin American politics at the start of the century. Regarding natural gas contracts, Arce's government said in May Bolivia was seeking higher prices for natural gas sold to Brazil's Petrobras (PETR4.SA), claiming current contracts with the state-run oil company generated steep losses. Lula took office promising to "mend" diplomatic relations.

☆ Hundreds of trucks snarl Bolivia farm region as blockades hit business
▼ + stars: | 2023-01-03 | by ( Agustin Marcarian | ) www.reuters.com time to read: +3 min

REUTERS/Agustin MarcarianPAILON, Bolivia, Jan 3 (Reuters) - Hundreds of trucks lined highways in Bolivia's farming region of Santa Cruz on Tuesday, as protesters blockaded routes out of the region following the arrest of the local governor, and hard-hit local businesses urged a return to order. Protests have gripped the lowland region since the Dec. 28 arrest of right-wing local leader Luis Camacho on "terrorism" charges related to an alleged 2019 coup against then president Evo Morales. Another source at a local business group said it would be hard for the region to maintain long protests and road blockades, with many still reeling from a lengthy strike last October and November. In Santa Cruz city, protesters have clashed nightly on the streets, burning cars and tires and offloading fireworks. "We are a peaceful people, we want peace, we want to work under normal conditions," said Gabriela Arias, protesting for Camacho's release in a women's march in Santa Cruz.

Santa Cruz leaders pledge to fight until Camacho is released, picketing government buildings and stopping transport of grains. "We have a mandate from our assembly that nothing leaves Santa Cruz and that is what we are going to do," said Rómulo Calvo, head of the powerful Pro Santa Cruz civic group. Marcelo Cruz, President of the International Heavy Transport Association of Santa Cruz, said routes were being blocked so no trucks could leave the province. "No grain, animal or supply from the factories should leave Santa Cruz for the rest of the country. "Santa Cruz is the economic stronghold of Bolivia," said Gary Rodríguez, General Manager of the Bolivian Institute of Foreign Trade (IBCE).

The protests are the latest face-off between Santa Cruz, led by right-wing Governor Luis Fernando Camacho, and leftist President Luis Arce's government. Camacho has maintained his innocence and called his arrest and transport to La Paz, the country's capital, a kidnapping. The governor became a face for the right-wing opposition movement as a civic leader who called for leftist Morales to step down in 2019. The government has not said how it will respond to Friday's roadblocks, though some military forces were spread throughout Santa Cruz late Thursday. Reporting by Nadia Arce in Santa Cruz and Santiago Limachi in La Paz; Writing by Kylie Madry; Editing by Chizu Nomiyama and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Explainer: Who is Luis Fernando Camacho, the opposition leader arrested in Bolivia?
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +3 min

Dec 28 (Reuters) - Prominent Bolivian opposition leader Luis Fernando Camacho was arrested on Wednesday, exacerbating tensions between the government in La Paz and opposition centered around the affluent farming hub of Santa Cruz. The government has said Camacho has the support of elites and economic groups seeking to take control of Santa Cruz. Minister of Public Works Edgar Montano accused Camacho of planning more protests and human rights violations that would hurt the people of Santa Cruz. Why is Santa Cruz the center of opposition? Santa Cruz, one of Bolivia's most affluent and populous regions, has long butted heads with its political capital of La Paz.

☆ Reaction in Americas region to ousting of Peru's Castillo
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +3 min

LUIZ INACIO LULA DA SILVA, PRESIDENT-ELECT OF BRAZIL"I followed with great concern the events that led to the constitutional removal of the president of Peru, Pedro Castillo. COSTA RICA FOREIGN MINISTRY"Costa Rica deeply regrets the decision of Peruvian President Pedro Castillo regarding the dissolution of the Congress of the Republic ... because it represents a rupture in the constitutional order." EVO MORALES, FORMER PRESIDENT OF BOLIVIA, ON TWITTER"Our deep concern for the political crisis affecting the sister Republic of Peru. "Beyond mistakes and successes, our brother Pedro Castillo and his family deserve humane treatment. HONDURAS FOREIGN MINISTRY"The Honduran foreign ministry energetically condemns the coup d'etat in Peru, which is the result of a series of events meant to erode democracy and the sovereign will of the people represented by President Pedro Castillo."

☆ Bolivia's key farming hub ends strike as lawmakers back census
▼ + stars: | 2022-11-26 | by ( ) www.reuters.com time to read: +1 min

LA PAZ, Nov 26 (Reuters) - A 36-day general strike in Bolivia's key farming region of Santa Cruz came to an end on Saturday, as lawmakers approved a guarantee to hold a population census in 2024, which will likely hand the region more tax revenues and seats in Congress. "We are lifting the strike and the blockades," local civic leader Romulo Calvo told reporters. Bolivia's economy ministry estimates the strike has cost the country over $1 billion. The census law, which Bolivia's Chamber of Deputies passed early Saturday morning with over two-thirds of votes, has been sent to the Senate for review before it is enacted by President Luis Arce. Regional leaders in soy-rich Santa Cruz said they would remain on standby until the law is approved.

☆ Latin America's 'pink tide' leaders congratulate Brazil's Lula on election win
▼ + stars: | 2022-10-31 | by ( Steven Grattan | ) www.reuters.com time to read: +1 min

SAO PAULO, Oct 30 (Reuters) - Latin America leaders on Sunday congratulated Brazil's Luiz Ignacio Lula da Silva after he won a third term as president of the largest country in South America, consolidating the region's "pink tide" of elected leftist leaders. His victory over far-right president Jair Bolsonaro leaves Brazil joining Colombia, Mexico, Argentina, Chile and Peru in a growing leftist bloc. "Long live Lula," tweeted Colombia's Gustavo Petro, who in June was elected his country's first leftist president. But the pink tide returned as rampant inflation and the impact of the COVID-19 pandemic led frustrated voters in Latin America to ditch mainstream parties and follow promises of greater social spending. "Your victory strengthens democracy and integration in Latin America."

☆ Bolivia to temporarily suspend exports of food products amid protests
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +1 min

LA PAZ, Oct 26 (Reuters) - Bolivia's government said on Wednesday it will temporarily suspend exports of food products including soy and beef amid protests in the key farming region of Santa Cruz. The move is aimed at safeguarding food security in Bolivia, said the minister of Productive Development and Plural Economy, Nestor Huanca, adding that the export suspension will include soybean grain, soybean flour, soybean meal, sugar, oil and beef. Leftist President Luis Arce has been facing protests across the country. Earlier on Wednesday, his government struck a deal with gold mining cooperatives to stop protests in the administrative capital La Paz. Reporting by Daniel Ramos, Editing by Isabel Woodford and Richard PullinOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Luis Arce"

23 mentions found