The first ever summit between the European Union and Brazil is taking place in Portugal marking the start of what both sides hope will become a new strategic partnership on issues such as energy, climate change and human rights.
Foreign visitors to Brazil last year left an estimated 4.3 billion US dollars, up 11.77% over 2005, in spite the number actually dropped and the recurrent air traffic problems in Brazilian skies.
Pamela Cox, World Bank Vice President for Latin America and the Caribbean, announced the appointment of three new country directors for the region to head the units of Mexico and Colombia; the Andes: Bolivia, Ecuador, Peru and Venezuela; and the Southern Cone: Argentina, Chile, Paraguay and Uruguay, effective July 1st, 2007.
United States and South Korea signed a controversial free trade agreement, which still has to be ratified by Congress where some Democrats have expressed concern for job losses in the US car industry.
The International Monetary Fund and the World Bank are cooperating unconditionally with Bolivia's government after months of frosty relations, said President Evo Morales during his visit to Zurich, Switzerland.
Energy corporations will invest 133 billion US dollars in the next ten years looking for oil and gas in Brazil according to a release from the country's Ministry of Mines and Energy.
United States core inflation fell below 2% for the first time in three years after a modest increase in prices last month, according to new government figures.
The White House has urged Congress to renew President George W Bush's ability to agree trade deals without Congress interference. Its comments come ahead of a 30 June deadline that ends Congress' current inability to seek to amend any global trade deals that the President agrees.
China's main stock exchange index dropped 2% Friday, making June the worst month since May 2005. Fears that the government might announce measure to soak liquidity are behind the collapse.
The main ethanol lobby in United States, Renewable Fuels Association, RFA, said that the growing demand for renewable fuel based on corn is not responsible for the recent increase in milk and dairy products worldwide.