Argentina again faces a winter shortage of energy and has been forced to cut the provision of natural gas to 300 manufacturing establishments given the rise in domestic consumption of fuel for home heating.
Lan Chile one of the leading air carriers in South America said it expects slower growth in 2008 because of rising fuel prices and lower than expected passenger volume, which will force it to scale down international flights.
Further sharp price hikes and continued volatility in markets for food supplies appear to be likely for the next few seasons, according to a report released Wednesday by the United Nations Food and Agriculture Organization (FAO) in the run-up to a summit on the global food crisis which is being held in Rome early next month.
Although Argentine official inflation statistics are considered non reliable and there's no national consumers price index, some provinces, --outside the realm of the President Cristina Fernandez de Kirchner administration--, have kept local statistics branches operational and their numbers are considered a valid reference.
Argentine former Economy minister Roberto Lavagna said that the current conflict of the government with the farmers helps to over shadow other critical issues for Argentine consumers such as inflation.
The Argentine 78 day conflict between farmers and government over tax policies seems on track to an inevitable collision following the latest events with moderates on both sides continuing to loose ground.
Soybean futures advanced in Chicago as Argentina's farmers decided to stop selling crops and livestock until next week in the third protest in two months over export taxes.
The Voice of Gibraltar Group notes the inflammatory, premature, rabble rousing by Sr Antonio Munoz regarding possible repairs to HMS Superb in Gibraltar.
The United States economy performed better than expected in the first quarter of 2008 having expanded 0.9% according to the latest data from the Commerce Department.
Lan Chile and Sky Airlines resumed flights on Thursday to the south of Chile which earlier this week had to be suspended because of the high ash concentration in the atmosphere originated in the eruption of the Chaitén volcano.