The International Monetary Fund (IMF) has given the green light to release $4.7 billion for Argentina in a move tied to a comprehensive debt restructuring strategy, despite the nation falling short of benchmarks related to its $43 billion loan initiative. This decision was made public on Wednesday. Argentina is grappling with a profound economic crisis, considered the most severe in two decades. The... 

Graffiti is painted on walls and the entrance of an electric station of Public Power Corporation (PPC) in Athens, July 2, 2014. Greece faces massive power cuts as unions have threatened to disrupt the country’s power supply in row over government plans to break up the country’s main electricity provider. Workers of Greece’s Public Power Corporation (PPC) said they would go on strike on... 

Over 1000 troops have been deployed in Rio de Janeiro ahead of a major oil rights auction. The move to partially sell off Brazil’s most promising oil reserves has been met with opposition, triggering mass strikes and disruption to oil production. A spokesperson from the Brazilian army said that around 1,100 troops are being deployed around the Hotel Windsor in West Rio where the auction will be...