Cunard liner QE2 is to cease ocean cruises and become a luxury floating hotel. The 70,000-ton vessel, launched by the Queen Elizabeth in 1967 and which carried millions across the Atlantic, is to be sold to the Dubai World company in an estimated 100 million US dollars deal.
Moscow is the world's most expensive city for expatriates for the second consecutive year, according to the latest Cost of Living Survey from Mercer Human Resource Consulting. Asuncion, Paraguay is the least expensive city for the fifth year running.
The key mountain highway connecting Argentina with Chile was partially opened for vehicles, as weather conditions improved following days of heavy snow and wind that left thousands of tucks idle on both sides of the border.
Trade between Chile and Canada has quintupled in the past five years, with a whopping 1.45 billion US dollars in goods now exchanged, reports Chile's International Economic Relations Directorate (DIRECON),
Argentina's main natural gas and electricity distributors interrupted this Monday for the fourth day running their provision to industry and big consumers to ensure supply to homes following a consumption peak attributed to the polar weather spell covering most of central and south Argentina.
A commemorative event in central London is scheduled for this Sunday to mark the 25th anniversary of the liberation of the Falkland Islands from Argentine forces, following the 1982 South Atlantic conflict.
Venezuelan president Hugo Chavez thanked all Organization of American States, (OAS) country members for not supporting a United States proposal to intervene regarding the non license renewal for Radio Caracas Television, one of the country?s main opposition television stations.
The Argentine Embassy in London announced it would hold a commemorative act for the Argentine Malvinas war casualties to which no British authorities have been invited.
The Organization of Petroleum Exporting Countries, OPEC continues to monitor global oil markets and is prepared to help mitigate any tightness but the level of 30 million barrels a day ensures that commercial oil stocks remain at comfortable levels for the time being, said OPEC's Secretary General in Vienna.
Brazilian government-controlled oil company Petrobras is planning to invest 18 billion US dollars in the gas sector over the next four years, most of it in 2008, taking Brazil's current production from 27.5 million cubic meters in 2006 to 70 million cubic meters by 2011.