Stories for November 2009
Brazil launched this week in Geneva a round of negotiations to further liberate trade between Mercosur, India and the Union of Nations from Austral Africa with the purpose of ratifying south-south cooperation, while global negotiations in the framework of the Doha Round remain stalled.
The Paraguayan Senate is also turning its back on Venezuela’s president Hugo Chavez Mercosur incorporation request. A leading Senator from the ruling coalition said that under current circumstances, and Chavez latest statements makes it “virtually impossible” to decide on the issue.
Bolivian president Evo Morales is set to win next Sunday’s general election and could even manage 24 of the 36 Senate seats thus ensuring the full control of the future Pluri-national Legislative Assembly, according to the latest opinion polls.
Honduran cattle rancher Porfirio Lobo apparently won the presidency of the Central American country that is trying to overcome a five-month political crisis and rebuild its economy, according to exit polls and preliminary results released by television and radio stations.
The Ibero-American summit of 22 countries began Sunday in the seaside resort of Estoril, Portugal, amid divisions over the elections being held in Honduras. Foreign ministers were unable to reach a common position on the situation where ousted president Manuel Zelaya has called for a boycott of the elections staged by the de facto government.
The central bank of the United Arab Emirates (UAE) has said it will provide banks with extra liquidity. The news comes days after the state-owned Dubai World said it would ask for an extension on repaying its debts, sending world stock markets tumbling.
The world's most successful football country has delivered a fresh lifeline to England's under-fire bid to host the World Cup in 2018. Brazilian President Lula da Silva said the time was right for the tournament to come back to Britain for the first time since 1966.
Chinese Premier Wen Jiabao said Monday a stable Yuan is good for both China and Europe and reiterated Beijing's policy of allowing only gradual and manageable rises in the currency's value.
There were few signs of a recession ridden United States at PINTA '09, the modern and contemporary art fair, showcasing Latin American art from 60 art galleries in Latin America, the United States and Europe. The third annual art fair held at the Metropolitan Pavilion in New York might be a young fair, but upon closer inspection of the high quality of art produced in Latin America, it has become an important player in the global art scene presenting the best of Latin American art not only to the United States, but also to the world.
Jose “Pepe” Mujica, 74, from the ruling Broad Front coalition was confirmed Sunday as Uruguay’s next president having defeated in the run-off 51.9% to 44.1%, Conservative candidate and former president Luis Alberto Lacalle.