General Motors has no plans to cut jobs or production in any of its businesses in the Mercosur region said on Tuesday GM’s general manager in Argentina. Edgar Lourencon went further and anticipated that plans to launch a new model for the region at the end of the year are advancing as programmed, and that the bankruptcy filing and restructuring of GM in the US does not influence business as usual in Mercosur countries.
The number of people without jobs is rising across the European Union and has reached 21 million. The EU statistics office, Eurostat, said Tuesday the unemployment rate for the 16 Euro countries soared to 9.2% in April, the highest in a decade.
Chile, with a total of over 300 confirmed infections, became the first country in South America to confirm a death of the new influenza virus A/H1N1, the Chilean government said Tuesday.
House prices dropped further around the world during the year to end March 2009, as personal consumption expenditure decreased, consumer confidence remained low, credit remained tight and the unemployment rate worsened, property researchers the Global Property Guide said.
Ford, the only one of the Big Three US carmakers not to have gone bankrupt, has reported its share of the US market in May was its highest since 2006.
British cabinet member Jacqui Smith is to stand down as home secretary in the cabinet reshuffle, sources close to her have told the BBC. Prime Minister Gordon Brown is set to shake up his cabinet after Thursday's European and English local elections.
According to the Falkland Islands Tourist Board, overnight visitors spent an estimated £3.2 million in the Falkland Islands in 2008.
Rescuers are searching waters deep in the Atlantic for a French airliner which disappeared in a storm early on Monday. The search, involving ships and planes from many nations, was part-suspended overnight, but aircraft with monitoring equipment continued to scour the sea.
Paraguayan president Fernando Lugo is scheduled to arrive in Havana on Tuesday for a two-day visit to Cuba, making him the tenth Latinamerican leader, so far this year, to meet with Cuban president Raul Castro and possibly his ailing brother Fidel.
Former Argentine president Nestor Kirchner who is running for a seat in the Lower House in this month’s mid term elections is ahead in all public opinion polls, although closely followed by the main opposition candidate Francisco de Narvaez.