The inflation rate reached 30.9% in 2008, an 11-year high, according to the latest release from the Venezuelan Central bank. The bank also said prices rose 31.9% in the capital, Caracas, the highest level since 1997, outstripping the 2007 figure, 22.5%.
Another strong voice joined the choir of Argentine officials calling for a responsible attitude to guarantee free circulation along the three international bridges linking Argentina with Uruguay, which for over two years have been under control of pickets protesting the construction of a pulp mill on the Uruguayan side.
A battle trophy taken from a patrol boat after the Argentine surrender of the Falkland Islands conflict in 1982 is expected to reach hundreds of pounds at auction, reports The News from Portsmouth.
In response to the collapse of commodity prices and demand giant Australian-UK minerals corporation Rio Tinto announced the postponement of one of its key iron ore expansion projects, the 2.15 billion US dollars Corumba mine in the heartland of Brazil.