Leaders of the Group of Eight major industrial countries meeting in St. Petersburg, Russia on Sunday agreed to set a one month deadline for World Trade Organization (WTO) members to revive stalled global trade negotiations.
The tragic toll of Chile's rain and wind storms keeps growing and has reached 23 people dead plus thousands forced out of their homes and sheltered in government buildings.
Argentine president Nestor Kirchner warned Friday that the judicial dispute over the construction of pulp mills in Uruguay, which had a first negative resolution for Argentina in the International Court of The Hague is just beginning.
Chilean president Michelle Bachelet received a second piece of unwelcome news from Buenos Aires on Wednesday when the Argentine government published a resolution allowing gasoline stations along the border to levy a surcharge to vehicles with foreign number plates.
The Organization of Petroleum Exporting Countries, OPEC, called on Friday for full support from major players in the oil market that has seen prices rocket (to over 78 US dollars a barrel), forced by geopolitical developments over which OPEC has no influence.
In a blitz operation Chilean president Michelle Bachelet established Friday another record, --besides been the first woman to lead the country--, the earliest cabinet reshuffle since Chile returned to free elections and democracy in 1990.
The Bank of Japan ended on Friday its six-year of flat zero per cent interest rates after describing the country's economy as expanding for the first time in 14 years. On announcing a 0.25% rate officials said they were confident Japan's ten-year struggle with deflation was over, and hinted further rises.
Between next September and January 2008 Chile will be incorporating three former Royal Navy Type 23 frigates, HMS Norfolk, HMS Grafton and HMS Marlborough.
Panama's Congress approved a five billion US dollars plan to widen the Panama Canal which will now face a binding referendum scheduled to be held later this year.
Foreign vehicles loading fuel in Argentine gas stations along the border will have to pay the same prices as in their own countries, which is basically double the cost of gasoline and diesel in Argentina.