As the global economic slowdown begins to bite remittances to Latin America this year will fall for the first time since the Inter-American Development Bank, IDB, began measuring the money flows in 2000, reported the bank.
Brazil has agreed to lend 700 million US dollars to state-owned airline Aerolineas Argentinas to fund its purchase of 20 planes from Embraer in an effort to save jobs at the aircraft maker.
Uruguayan president Tabare Vazquez left China Wednesday with promises of more investments and an increase in purchases of tops, wool, pulp, meat and fisheries, according to reports from the official press released in Beijing.
Brazil is sponsoring the creation of a Mercosur police force similar to Europol the security organization of the European Union which specializes in across-border crimes, revealed the Brazilian Ministry of Justice.
Argentina’s influential Catholic Church warned that a year long conflict between the government of President Cristina Fernandez de Kirchner and farmers over export duties has “altered social peace”.
Devonport-based frigate HMS Northumberland docked this week in her home city for the first time in six months. The ship returned from a grueling six month deployment which saw her crew tackle pirates and deliver humanitarian aid to war-torn Somalia, in Africa.
German president Horst Köhler in the annual Berlin Speech addressed the global financial collapse but also accepted part of the blame for not having been able to introduce major reforms and regulations to financial markets when the was head of the International Monetary Fund (2000/2004).-
Prime Minister Silvio Berlusconi, taking the controls of a new high-speed train on Tuesday, said Italy was well placed to emerge from the global economic downturn, --which he described as the American influenza--, but urged his countrymen to work harder.
Water and air surrounding the Botnia pulp mill along the river Uruguay, next to the city of Fray Bentos, has not suffered any quality modifications and the plant complies with the environmental standards demanded by Uruguay, Argentina and the European Union, according to the latest international report
The International Air Transport Association (IATA) announced a revised outlook for the global air transport industry with losses of 4.7 billion USD dollars in 2009. This is significantly worse than IATA’s December forecast for a 2.5 billion loss in 2009, reflecting the rapid deterioration of the global economic conditions.