Colombia swears in a new president in Cali at 3 p.m., day-one decrees close 14 embassies, and the city runs a car-free day and dry law.

Far-right lawyer Abelardo de la Espriella is sworn in as Colombia's president on Friday, August 7, in Cali rather than Bogotá — a break with two centuries of tradition after his…

Cali locks down for Colombia's handover with a car-free day and dry law, Uruguay ends its territorial tax era, and Brazil's Copom cuts the Selic to 14.00%.