Taxes in Britain must rise sharply over the next decade to bring down borrowing, according to the National Institute of Economic and Social Research (NIESR). In a report, the think tank said taxes would have to rise by the equivalent of 6p on the basic income tax rate to get the budget deficit below 3% by 2020.
The US economy grew in the first three months of this year, but at a slower rate than the previous quarter. US consumer spending saw its biggest increase in three years in the first three months of 2010, which drove the country's overall economy to its third consecutive quarter of growth.
Uruguay is pushing for a full Indian mission in its capital Montevideo, showcasing the country as the gateway to the region and to expand bilateral trade and economic relations, according to New Delhi reports.
The Peruvian government’s claim that Chile is undergoing a tremendous arms build-up has once again come to the forefront of Latin American international relations.
Amnesty International has condemned the Brazilian Supreme Court's blocking of a reinterpretation of a 1979 Amnesty Law that protects members of the former military government from being put on trial for extrajudicial killings, torture and rape.
Brazil’s Real fell on Friday for the first time in three days as the government stepped up efforts to limit gains in the currency. The real lost 0.6% to 1.7384 per dollar at the end of the week after increasing 2.4% in April and 1.1% for the week.
Twelve member countries of the International Whaling Commission (IWC)—an 88-country organization created in 1946 to monitor the whaling industry—have proposed catch quotas for the next ten years for countries that hunt whales.
Colombian Foreign Affairs minister Jaime Bermúdez Merizalde said Friday that before the standing chairman of the Union of South American Nations (UNASUR) is decided, Uruguay and Argentina must solve their differences.
A German court said Friday the government had no legal basis to keep under wraps secret files on Adolf Eichmann, the Nazi architect of the Holocaust, potentially paving the way for their release.