Chancellor Angela Merkel, stung by criticism she is cracking the whip of fiscal discipline in Europe, has shown a more caring approach by pledging to fight record youth unemployment on the crisis-hit continent.
Unemployment among the under 25s rose in April to 23.5% within the EU and 24.4% across the Euro area. The rates released by EU statistics office Eurostat show an increase on the same month last year, when youth unemployment reached 22.6% across both zones.
The biggest pork firms in China and the US plan to join forces in a 4.7bn dollar deal that aims to feed the world's most populous country. China's Shuanghui International has agreed to pay cash for the Virginia-based Smithfield Foods, which including debt, values the firm at 7.1bn.
The Organization of American States (OAS), Secretary General José Miguel Insulza, highlighted the important progress made in the region’s democratization in recent decades, but also warned about worrying risks of deconstruction which are creating ‘distinct categories of citizens’ particularly in terms of access and quality to basic services such as education, health and security.
The Specialist Oil & Gas Advisor for the Falkland Islands Government (FIG), Anne Drinkwater has stated that the Falkland Islands are an attractive location for the oil and gas industry and has praised FIG five year plan which sets the desired economic and social context for development generally.
By Albert Canil (*) - As Wrong As Rain - Yesterday saw Argentines fearful of a sequel to the tragic flood that took more than 54 lives in early April. For once weathermen would have chosen to be wrong but night overtook day and the heavens opened: in some neighbourhoods the rain gauges mercilessly read more than 52 mm of rainfall between 11:30 and 2 pm.
As from 2016 the British Overseas Territory of St Helena in the mid Atlantic will have regular flight connections when the island’s first airport opens which opens a magnificent opportunity for promoting tourism and for Saints living overseas to visit their homeland.
Chilean authorities have fined the world's largest gold mining company, Barrick Gold Corp, more than 16 million dollars for environmental offences. Construction at the Pascua-Lama mine, on the border with Argentina, has been suspended until a system to contain contaminated water is put in place.
Brazilian state-controlled energy giant Petrobras plans to continue operating in Argentina although it may sell some assets there, CEO Maria da Graças Foster said.
Argentina and Brazil will be launching their first two jointly developed scientific satellites for research along the Atlantic coast in a couple of years, according to Brazil’s Science and Technology minister Antonio Raupp.