Argentina reported another sharp drop in the fiscal primary surplus for August, while the overall government accounts were once again in the red. Growth in public spending has outpaced growth in tax revenues, eroding the surplus adding to the economic downturn.
British Primer Minister Gordon Brown has warned there will be no early end to the international fiscal stimulus package agreed by world leaders to drag the global economy out of recession.
Chile’s annual September 19 Armed Forces military parade broke records this year. The event was the largest of its kind ever, showcasing 131 Air Force airplanes for the commencement ceremonies and with 11,000 Armed Forces personnel participating.
United States President Barack Obama said he would push world leaders this week for a reshaping of the global economy in response to the deepest financial crisis in decades. Meantime in Europe, officials kept up pressure for a deal to curb bankers' pay and bonuses at a two-day summit of leaders from the Group of 20 countries, which begins on Thursday.
Ousted Honduran President Manuel Zelaya has returned to his country, nearly three months after being deposed. Mr Zelaya has sought refuge inside the Brazilian embassy in Tegucigalpa, and has called on supporters who gathered in the streets to go to the embassy.
Companies that participated in the sixth edition of the World Fishing Exhibition (WFE) that was held in Vigo between 16 and 19 September, closed contracts worth around EUR 500 million. According to the fishing fair organisation, this number could be higher when the complete balance of all the exhibitors is tallied.
The head of French oil giant Total has told the BBC the world could face a shortage of oil because of underinvestment. Chief executive Christophe de Margerie warned that too little has been spent trying to tap into new oil reserves because of the economic crisis.
Uruguay denied on Monday Argentina's claims at the International Court of The Hague that a pulp mill on a river separating the two countries is polluting the air and water, saying it meets environmental protection standards.
A million people packed a main square in the Cuban capital Havana Sunday to witness a rare and ambitious concert that, despite its nonpolitical theme, drew criticism from some Cuban exiles in the United States.
Argentina’s Economy minister Amado Boudou meets this week with its French peer Christine Lagarde for the resumption of negotiations with the Club of Paris. The meeting will take place previous to the G-20 presidential summit in Pittsburgh.