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Oil's rapid decline since August of last year has been dramatic. To listen to some commentators you would also think it is unprecedented and irreversible. Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will.
A new WHO guideline recommends adults and children reduce their daily intake of free sugars to less than 10% of their total energy intake. A further reduction to below 5% or roughly 25 grams (6 teaspoons) per day would provide additional health benefits.
The biggest ship designed exclusively for Britain, Britannia called at Gibraltar on Tuesday and is due to return for a formal inaugural call on March 17. The vessel is P&O Cruises latest “modern classic”, heralding what it calls a new era of holiday choice.
A U.S. federal judge on Wednesday named a trustee of a British pension fund as the lead plaintiff in a class-action lawsuit against Brazil's state-run oil company Petrobras and its top executives.
Brazil’s central bank raised its benchmark interest rate to 12.75% Wednesday, the highest level since 2009, as it struggles to get price increases under control amid sluggish economic growth and deepening political turmoil.
While Argentina's Federal Prosecutor Gerardo Pollicita filed an appeal against Judge Daniel Rafecas’ ruling dismissing late Alberto Nisman’s AMIA cover-up complaint against President Cristina Fernández and top administration officials, the government published in major newspapers an ad praising Rafecas' decision and suggesting a 'destabilization plan'.
The second month of the year marked another negative result for auto sales in Argentina, which dropped 28% compared to February last year, showing how the sector’s downward trend appears to have no end in sight. Only 41,998 vehicles were sold last month, according to the ACARA Argentine car dealership association, the lowest figure for the month since 2009.
Brazilian President Dilma Rousseff, (and her political mentor Lula da Silva), raced on Wednesday to defuse a rebellion by legislators upset about her budget austerity plans and her handling of a corruption scandal at state-run oil company Petrobras, which now threatens political stability.
Malvinas war veterans who had claimed to be victims of abuse and torture by their superior officers during the Falklands conflict of 1982 will take the matter up with the Inter-American Commission on Human Rights (IACHR), the CECIM centre of former soldiers from La Plata announced.
Foreign Office minister Hugo Swire underlined the growing links of the United Kingdom with Latin America during the state visit of president Enrique Peña Nieto from Mexico, a country with which he feels a close affinity, and is 'integral to the success of the UK”.