Argentina’s annual inflation rate in July rose to the highest level since May 2006, led by higher costs for leisure goods and clothing. Consumer prices increased 11.2% from a year earlier and 0.8% from June the national statistics institute Indec, said.
Argentina is in the process of developing a satellite launcher which could become operational in three years time, making it the sixth country in the world with that capacity, according to a Sunday edition report in La Nacion.
Argentine Cabinet Chief Aníbal Fernández said Sunday that either Néstor Kirchner or Cristina Fernández de Kirchner would be the candidates for the 2011 presidential elections from the ruling party.
Paraguayan president Fernando Lugo, currently under chemotherapy treatment should concentrate his activities to Government House and avoid mingling with people and exposed to dust in his trips to the interior of the country, warns a member of his medical team.
Brazilian incumbent presidential candidate Dilma Rousseff strongly supported Brazilian majority participation in airlines although admitted not having been in touch with last week’s announcement of a merge between Lan Chile and Tam Brazil to become the largest Latinamerican air carrier.
German gross domestic product (GDP) could grow by as much as 3% in 2010, as positive quarterly figures have stoked optimism in Europe's largest economy, Die Welt newspaper reported on Sunday, citing Economy Ministry officials.
Ashley Fox Tory MEP for South West of England & Gibraltar has written to the UK press about the current developments in La Linea, reports the Gibraltar Chronicle.
The retired general and ex-leader of the governing United Socialist Party of Venezuela, or PSUV, has died, state-run media reported. He was 75.
Japan’s economy expanded at the slowest pace in three quarters. GDP rose an annualized 0.4% in the three months ended June 30 from a revised 4.4% expansion in the first quarter, the Cabinet Office said in Tokyo.
Sri Lanka has unveiled a new seaport, the showpiece among a series of big new infrastructure projects on the island. The port in southern Hambantota was built with Chinese assistance as part of a 6 billion US dollars drive to rebuild infrastructure after the war.