The inflation rate reached 30.9% in 2008, an 11-year high, according to the latest release from the Venezuelan Central bank. The bank also said prices rose 31.9% in the capital, Caracas, the highest level since 1997, outstripping the 2007 figure, 22.5%.
Another strong voice joined the choir of Argentine officials calling for a responsible attitude to guarantee free circulation along the three international bridges linking Argentina with Uruguay, which for over two years have been under control of pickets protesting the construction of a pulp mill on the Uruguayan side.
A battle trophy taken from a patrol boat after the Argentine surrender of the Falkland Islands conflict in 1982 is expected to reach hundreds of pounds at auction, reports The News from Portsmouth.
In response to the collapse of commodity prices and demand giant Australian-UK minerals corporation Rio Tinto announced the postponement of one of its key iron ore expansion projects, the 2.15 billion US dollars Corumba mine in the heartland of Brazil.
NASA and the National Science Foundation have successfully launched and demonstrated over Antarctica a newly designed super pressure balloon prototype that may enable a new era of high-altitude scientific research. The super-pressure balloon ultimately will carry large scientific experiments to the brink of space for 100 days or more.
An autonomous British yellow robot submarine has just set out on a mission which will see it plunge deep beneath Antarctic ice shelves to seek clues to world ocean level rises. The seven meter yellow sub will probe the underside of ice at the end of the Pine Island glacier, which is moving faster than any other in Antarctica.
Brazil's greatest living architect Oscar Niemeyer has presented the blueprint for a new project, The Sovereignty Plaza to be built next to the Ministries esplanade in Brasilia. The official opening is scheduled for April 21st, 2010 when the capital city he designed will be celebrating half a century.
Ecuador quietly made overdue payments to Brazil on a loan for the construction of a controversial hydroelectric project, helping to end a months-long diplomatic dispute, revealed Brazil's Foreign Affairs ministry.
Following weeks of farmers' demands for emergency support, Uruguay's Ministry of Agriculture, Livestock and Fisheries finally admitted the seriousness of the drought for the farming industry and the country's main source of exports.
Britain's Lloyds TSB bank has agreed to pay a 350 million US dollars penalty to US authorities over financial transfers that violated US sanctions. The US Justice Department said Lloyds TSB had acknowledged criminal conduct and agreed to forfeit the funds in return for an end to its investigation.