European Central Bank President Jean- Claude Trichet, who chaired a meeting of central bankers of the world's leading nations warned on Monday about rising food prices and significant inflationary risks.
In spite of growing military relations with Washington, Argentina is working closely in South American defense and integration affairs with Brazil with the purpose of consolidating a regional military line of thinking in the framework of Mercosur.
Uruguay's exports increased 59.6% last April compared to the same month a year ago, with the whole expansion for the first four months reaching 44%, according to the latest statistics released by the government funded institution Uruguay XXI.
Uruguay, South America's leading exporter of rice and among the world's top eight, traditionally has been forced to sell overseas 95% of its high quality grain given the country's scarce population and low consumption.
The price of a barrel of oil reached Monday above 120 US dollars for the first time, driven by concerns about the situations in Nigeria and northern Iraq. US light sweet crude rose to a record of 120.36 a barrel in morning trading in New York before falling back to a record close of 119.97, up 3.65 over Friday.
The Falkland Island registered trawler Sil has been chartered by Government of South Georgia, South Sandwich Islands for a research fishing cruise.
Uruguay's consumer price index, CPI, increased 0.33% in April the best performance so far in 2008 and the lowest since April 1962. This means that CPI in the first four months of the year reached 3.2%, (annualized 9.92%) and below the same period in 2007 (4.98%), according to the latest release from the national Statistics Institute.
Public utilities rates subsidies which have been applied since September 2007 to help contain inflation have cost the Uruguayan treasury 185 million US dollars, equivalent to 0.8% of the country's GDP. Prices are estimated to have moderated 1.5% on an annual basis.
A Canadian solo navigator whose boat suffered a rollover and was heading to the Falkland Islands for repairs was rescued by an Argentine Navy vessel and is ready to return to his hometown of Victoria, according to the latest reports from Argentina and Canada.
Members of Parliament on the House of Commons Public Accounts Committee have recognised the importance of the airbridge between the UK and the Falklands.