The United States has listed the polar bear as a threatened species, because its Arctic sea ice habitat is melting due to climate change. US government scientists predict that two-thirds of the polar bear population of 25,000 could disappear by 2050. However, the government stressed the listing would not lead to measures to prevent global warming.
Uruguay's economic team defended the current government's policies and denied any loss of competitiveness, increased government expenditure or inflation out of control. However the Uruguayan business community was not entirely convinced with the arguments and complained about the inefficiency and high costs of energy and fuel provided by government monopolies.
In thirty days time Chery-Socma Uruguay, a Chinese, Argentine Uruguayan consortium will be making its first export of Uruguayan assembled cars to Argentina. The announcement was made during a visit this week to the plant by Uruguayan president Tabare Vazquez and Hui Liangyu, China's Deputy Primer Minister.
Paraguay's soy bean 2007/08 crop is expected to reach a record 6.8 million tons helped by good yields and an expansion of the area planted according to the country's soy exporters chamber.
Brazil's Central bank chairman Enrique Meirelles said this week that the bank is ready to cap pressure on prices with the purpose of keeping inflation under control even when this could impact on the strong economic growth of the economy.
Negotiations for an association, trade and cooperation agreement between the European Union and Mercosur are in stand by waiting for results from the World Trade Organization, Doha round, said the European Commission president Jose Manuel Barroso.
The Argentine economy expanded at an annual 7.9% in April closing the first four months of 2008 with at an annual growth rate of 7.5%. This would be the sixth year running that the Argentine economy has been expanding vigorously after five years averaging 8.5%.
Venezuelan President Hugo Chávez said he hopes relations with the United States will improve substantially when the devil and Mr Danger President George W. Bush leaves the Oval Office in January.
Long obsessed with its image in the eyes of such international monitors as the United Nations Human Development Index or Transparency International, Argentina has had its own international Institutional Quality Index for the past two years.