Argentine health officials reported 17 more H1N1 flu deaths, bringing the total to at least 44 in the country hardest hit by the A/H1N1 virus in the southern hemisphere. Health Minister Juan Manzur said that “between 43 and 44 deaths” linked to the virus had been confirmed, a significant jump from the 26 that had been reported by the ministry on Friday.
Headlines: Hundreds to lose out as means testing kicks in; End of the line for fresh milk as Stanley Dairy set to close; Farmer livestock costs to rise.
World Bank group president Robert B. Zoellick underlined that Latinamerican largest countries are better prepared to face the world crisis, based on strong budgets and primary surpluses and the development of effective social policies.
The number of jobs lost in the US last month came in at 467,000, which was much more than had been expected. The jobless rate rose to 9.5% in June, from 9.4% in May, as the US economy continued to struggle.
The European Central Bank's, ECB, kept its key rate unchanged at 1% for another month following their regular meeting. But at a news conference on Thursday ECB president Jean-Claude Trichet said he was pleased with the first results of the “liquidity infusion” to the banking system.
The unemployment rate in the 16-nation Euro zone jumped to 9.5% in May, the highest in 10 years, as the economies in the region continued to grapple with deepening recession. For the 16 countries sharing the common currency Euro, the jobless rate is the highest since May 1999.
The rising numbers of A/H1N1 virus flu cases mean trying to contain the virus is no longer an option says the British government says, reports BBC.
Earlier this week we published the position of CLIA, Cruise Lines International Association on some of the possible effects of the heavy fuel oil ban in Antarctic water for the industry, if the initiative is passed and approved by the International Maritime Organization.
Uruguay’s main opposition party performed much better than anticipated according to official results of last Sunday’s primary elections for the nomination of presidential candidates for October’s elections.
A consortium made up of YPF/Repsol, Petrobras Uruguay and GALP from Portugal has won a bid to explore for oil in two offshore blocks near the coast of Uruguay, according to industry reports late Wednesday.