United States current account trade deficit increased by 4.3% to 183.1 billion US dollars in the second quarter of this year, up from 175.6 billion in the first quarter, the US Commerce Department reported Wednesday.
The European Commission has announced a full review of the EU Common Fisheries Policy, saying the current regime fails to protect fish stocks. EC says that fishermen who obey the fishing rules are being penalized by the irresponsible behavior of others who flout them.
Last Tuesday Ushuaia, in Argentine Tierra del Fuego, declared the 2008/09 cruise season officially inaugurated with the arrival of Chilean flagged Mare Australis, reports the local press.
Bolivian president Evo Morales should accept a credible international mediation to avoid a more serious confrontation with the opposition, or he runs the risk of triggering a civil war in the country, warns Eduardo Gamara, a Bolivian political scientist and professor at the International University of Florida in Miami.
Paraguay's new President Fernando Lugo visited Brazil Wednesday with the purpose of launching talks on a deal to give the landlocked country a fairer share of the revenue for the electricity generated by a huge dam built across the two countries border.
An oil deposit was discovered in an exploratory well in the northeast Argentina province of Formosa announced the Canadian company Gran Tierra Energy Inc. The Calgary based company said Wednesday it plans long-term production testing on the Proa.x-1 well and will begin commercial oil sales in about a week.