Bolivia with the help of Venezuela unveiled a plan to increase the country's natural gas reserves to supply energy thirsty neighbors, Brazil and Argentina. Bolivia has 48.7 trillion cubic feet of proven and probable natural gas reserves, the second-largest deposits in South America after Venezuela.
Chile and Spain will spend more than one billion US dollars to set up Latin America's largest wind farm in the South American country, according to the Spanish news agency EFE.
The United States unemployment rate increased to a four-year high in July according to a Labor Department report issued Friday which shows 5.7% of the US workforce is out of a job, a slight increase from June.
Credit rating agencies could be banned or prosecuted under a draft European Union law aimed at making them more accountable for the advice they give. Firms that rate debt investments, such as Fitch, Moody's and Standard & Poor's, have been criticized for their role in the sub-prime mortgage crisis.
The new law would replace a voluntary code of conduct.
Russia is to form a state grain trading company that will control the majority of the country's cereal exports, it has been reported.
United Nations General Assembly President Srgjan Kerim yesterday met with Vice-President Julio Cobos and Foreign Minister Jorge Taiana as part of an official three-day visit to Argentina, which is part of a wider tour in South America.
Brazilian President Luiz Inacio Lula da Silva has called on developed countries to donate money to a new fund designed to protect the Amazon rainforest.
Argentine President Cristina Fernandez, who has spent most of her first eight-months in office in a deep political crisis, defended her administration on Saturday and ruled out further cabinet changes.
Pope Benedict granted an unprecedented waiver to allow former bishop and elected president Fernando Lugo to serve as head of Paraguay Executive without violating church rules, said the Vatican representative in the capital Asuncion.
Headlines: Champions!; 'Medical Services' tax dropped; FIGAS fares capped at £50; Experts to deal with Ocean 8 wreck; Commonwealth Games team prepares for Pune.