Headlines: Drug importers sent to prison; Chief of Police to be formally reprimanded; Illex slow to reach FI zones.
The US trade deficit has narrowed to a new-year low in February, the seventh month in a row it has shrunk. The difference between what the US exports and imports, narrowed by 28% to 26.3 billion from January's revised 36.2 billion, becoming the smallest gap since November 1999.
Ten cruise ships visited South Georgia Island in March, the last month of the main tourist season. According to SGIsland News Alert these included the unusual and beautiful 38-passenger sailing ship Bark Europa and one ship had a expedition group aboard who successfully completed the Shackleton Crossing from King Haakon Bay to Stromness.
Japan announced Thursday a record 150 billion US dollars stimulus package as it seeks to revive its flagging economy. Prime Minister Taro Aso announced the package, worth about 3% of its gross domestic product, in Tokyo after the ruling party approved the measures.
More than 500 political, social and economic leaders from 37 countries will meet next week in Rio for the World Economic Forum on Latin America, the organizers announced on Wednesday.
Britain's top counter-terrorism officer has resigned after his security blunder threatened a major anti-terror operation. London Mayor Boris Johnson said he had accepted Assistant Commissioner Bob Quick's resignation with great reluctance and sadness.
The Bank of England kept interest rates on hold at 0.5%, in a widely expected move following a number of rate cuts in recent months. Rates remain at an all-time low after six cuts since October last year, when interest rates stood at 5%.
Gibraltar’s population was practically doubled as an avalanche of Spanish shoppers poured in through the frontier gates on Tuesday to take advantage of the price bargains resulting from the strength of the Euro in relation to Sterling, reports the Chronicle
The Brazilian government is planning to offer a financing package worth one billion US dollars for industrial projects in Paraguay, local financial newspaper Valor Economico reported this week. According to the newspaper, which cited unnamed sources, the financing will be offered through Brazil's National Development Bank, or BNDES.
Paraguay’s Christina Democrat party reiterated “full confidence” in President Fernando Lugo who faces a paternity suit alleging that a son was born to the former Roman Catholic bishop five months after he abandoned the church for politics.