Stories for August 2010

Tuesday, August 31st 2010 - 05:10 UTC

Uruguay/Argentina implement the end of the pulp mill dispute

Almagro and Timerman during the signing of the agreement

Argentina and Uruguay signed Monday in Montevideo the agreement which puts an end to an ongoing years-long litigation over the construction of a pulp mill along a shared river.

Tuesday, August 31st 2010 - 03:51 UTC

Former Chavez advisor claims Army weapons were supplied to Colombian FARC guerrilla

Former advisor and retired naval officer Carlos Molina Tamayo

Carlos Molina Tamayo, a former national security advisor to Venezuelan President Hugo Chavez, claims that he was witness to the Venezuelan government first attempts to clandestinely supply Colombian FARC guerrillas with weapons.

Tuesday, August 31st 2010 - 03:44 UTC

UK press reports Britain and France could share aircraft carrier capability

The agreement could include special protocols for situations of unique interest such as the Falkland Islands

Britain and France could share their aircraft carrier capability in a dramatic co-operation pact designed to maintain military power while cutting costs, it has been reported, reports the UK Press Association.

Tuesday, August 31st 2010 - 03:40 UTC

Uruguay government employees’ take-home pay doubles that of the private sector

Elvira Domínguez, employers representative in the Social Security board

Uruguayan government employees’ take-home pay on average more than doubles their counterparts in the private sector according to official figures from the country’s Social Security Office and published by Montevideo’s main daily El País.

Tuesday, August 31st 2010 - 03:12 UTC

Uruguayan soaring real estate values closely linked to depreciation of US dollar

”There does not seem to be significant signals of misalignment in the selling value of houses and flats”.<br />

Fears that Uruguay could be heading for a “real estate bubble” since prices in US dollars have increased more than 70% in the last five years, seem to have been neutralized by historic data and the strong appreciation of the Uruguayan currency.

Tuesday, August 31st 2010 - 03:09 UTC

HMS Gloucester helps catch £ 4 million of cocaine in mid Atlantic

HMS Gloucester looms over the yacht Tortuga whilst a Cape Verde law enforcement team searches for narcotics on board<br />
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Portsmouth-based HMS Gloucester en route to the Falkland Islands has helped capture £4 million worth of cocaine – hidden in a yacht's rudder. The Royal Navy ship intercepted the suspect yacht Tortuga in the mid-Atlantic.

Monday, August 30th 2010 - 19:28 UTC

Brazil preparing to act against the strong appreciation of its currency

Jobim and Mantega addressed the same issue from different angles

Brazilian Finance Minister Guido Mantega said foreign-based companies operating in Brazil should consider sending some profits home as the exchange rate is unlikely to remain as favorable as it is now.

Monday, August 30th 2010 - 19:24 UTC

Survey shows 3.7% of Chilean population lives in extreme poverty

President Piñera has promised to finish extreme poverty by the end of his period

A survey carried out in December 2009 found that Chile has 634,328 people (3.7% of the population) living in extreme poverty. Since 2006 this percentage has gone up by 0.5%, the first increase since 1990. Those affected are mainly in rural areas.

Monday, August 30th 2010 - 19:20 UTC

US has “permanent military bases” in Guantanamo and Falklands, says Castro

The retired ailing Cuban leader spends his time writing

United States has permanent military bases in Guantamano (Cuba) and the Falkland Islands, but it is prepared and capable of setting up troops anywhere else in Latin America in “a matter of hours” said the ailing Cuban leader Fidel Castro quoted by the official press.

Monday, August 30th 2010 - 07:18 UTC

China essential for Uruguay’s “international development”

Vice-President Danilo Astori talked about business and investments opportunities

Uruguay pledged efforts to seek a stronger relationship with Beijing since “China is an essential factor in the international development of Uruguay”, said Vice-President Danilo Astori following an hour long meeting in Beijing with his counterpart Wu Bangguo, president of the National Assembly.


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