Corruption has increased over the last three years, say six out of 10 people around the world, and one in four people report paying bribes in the last year. These are the findings of the 2010 Global Corruption Barometer, a worldwide public opinion survey on corruption, released on International Anti-Corruption Day, 9 December, by Transparency International (TI).
For the first time ever South American countries will jointly share and disclose data on their military expenditures, according to the Ecuadorian Ministry of Defence. It is anticipated that next March all member countries from Unasur (Union of South American Nations) will make public the information following on this year’s approval of a common methodology to measure Defence expenditure.
Moody's Investors risk Service raised the sovereign foreign currency credit rating for Mercosur member Uruguay by two notches to Ba1 from Ba3 on Wednesday, leaving it just below investment grade, citing improved debt and fiscal indicators.
The United Kingdom Treasury has raised the rate it will impose on banks under its new levy in 2011 and 2012. The Treasury said in draft legislation for the Finance Bill 2011 that the levy for 2011 will be 0.05% of total liabilities rather than the 0.04% announced in June. The levy for 2012 will rise to 0.075% instead of the previously proposed plan levy of 0.07%.
The Bank of England’s monetary policy committee (MPC) voted Thursday to hold the base interest rate at its record low of 0.5%. As expected, the Bank did not extend its £200 billion program of quantitative easing and is not expected to make a decision on whether to follow the US Federal reserve with a second bout of economy boosting bond-buying – or QE2 – until February.
British Foreign Secretary William Hague laid a statement in Parliament on how the UK plans to reinvigorate the Commonwealth with a vision to strengthen the Commonwealth as “a focus for promoting democratic values and development”.
In his acceptance speech as winner of the Nobel Prize in Literature, entitled In Praise of Reading and Fiction, (*) Peruvian writer Vargas Llosa paid tribute to his mother, his grandfather Pedro and his uncle Lucho.
Keiko Fujimori, daughter of jailed former President Alberto Fujimori, joined Peru's presidential race, vowing to make sure the country's economic boom lifts more people out of poverty.
The blockade of landlocked Paraguay’s maritime and fluvial trade which threatens Mercosur unity has been “granted” a five-day truce by the Argentine maritime workers union responsible for the industrial action.
Thousands of Brazilians and visitors gathered at Rio de Janeiro's Rodrigo de Freitas Lake to witness the lighting of the world largest floating Christmas tree with 3.3 million lights.