(*) The current crisis in Honduras could have a profound impact on the future of Central American institutions. As hemispheric players invest their prestige and political clout in the final outcome of the standoff between ousted constitutional President Manuel Zelaya and de facto Interim President Roberto Micheletti, it is apparent that the OAS is showing its profound limitations once again, as has often been the case in the past.
In a report released Monday, the United Nations Human development index ranks Norway as the best place in the world to live. Factors such as life expectancy, literacy, school enrolment, health system and GDP help determine these rankings.
Latinamerica’s recovery will be very show while unemployment keeps a rising tendency, warned on Monday Alicia Barcena, Executive Secretary for the United Nations Latinamerica and Caribbean Economic Commission, Cepal.
Brazil’s currency rose to the strongest level in more than a year after a statement from the Group of Seven’s leaders lacked support to stem the dollar’s slide against major currencies, prompting investors to buy higher- yielding assets.
Worldwide growth in the Information Technology sector will create 5.8 million new jobs and 75,000 new businesses in the next four years, research from Microsoft has forecast.
Hundreds of farmers protested Monday in Brussels to put pressure on European Union (EU) agriculture ministers meeting to discuss low milk prices. The talks came after weeks of protests across Europe, with farmers dumping milk stocks and withholding supplies at what they see as uneconomic prices.
Foreign tourists visiting the world famous Torres del Paine national park in Chilean Patagonia will have to pay a 15.000 Chilean pesos ticket, (approx 30 US dollars) each time they walk into the grounds. The fee for local guides and transport staff is 4.000 Chilean pesos (8 USD).
Uruguayan president Tabare Vazquez is the political leader with the highest popular support in the country, 61%, with only five months left to the end of his five year mandate. Vazquez is also the first president elected in Uruguay with a Socialist ticket.
International Monetary Fund Managing Director, Dominique Strauss Khan, told Argentine Central Bank head Martín Redrado that the eventual revision of Argentina's economy by the multilateral organization would be strictly technical, according to IMF sources.
Saudi Prince Alwaleed bin Talal, a main investor in Citigroup, urged the US government to sell its stake in the bank as soon as this year to boost investor confidence, Emerging Markets magazine reported.