Brazilian President Lula da Silva and European Commission President Ursula von der Leyen celebrate the expected signing of a free trade agreement between the EU and Mercosur.

Four investment banks have announced during a meeting of leaders of trade bloc Mercosur they will put $10 billion for infrastructure works aiming to better connect South America.

President Santiago Peña said Paraguay and Taiwan are “not just allies, but also brothers” when he was sworn in as the South American country’s new president on Tuesday.

Conservative Santiago Peña’s overwhelming win in Paraguay’s presidential election not only reaffirmed the long-ruling Colorado Party’s hold on power but raised questions about the future role of his powerful political mentor, who has been accused of corruption by the United States.