The lion’s share (85%) of the gross profits from the cocaine business between South America and the United States ends in the wholesale and retail distribution network in the US according to Antonio Luigi Mazzitelli, head of the UN office on Drugs and Crime for Mexico and Central America.
The European debt crisis is a key risk to the UK's banking sector and banks should build up their cash reserves in response, the Bank of England has warned. In its latest financial stability report, the central bank welcomed recent measures taken by the EU to stem the crisis.
Brazil is willing to help Argentina and Uruguay with the joint monitoring of the River Uruguay which is at the heart of a pulp mill standing dispute between both countries. Argentina and Uruguay Foreign Affairs ministers are scheduled to meet Tuesday in Montevideo to address the issue.
Hobart, Tasmania has won the right to host a prestigious Antarctic tourism conference, again proving its unique status as Australia’s “Antarctic Capital”.
On the eve of the resumption of European Union/Mercosur trade talks, the EU has again complained about Argentina’s ‘protectionist’ measures on some EU agriculture produce and Greece is demanding discussions be conditioned to an end to barriers.
Reducing the consumption of meat and dairy products and improving agricultural practices could decrease global greenhouse gas emissions substantially. By 2055 the emissions of methane and nitrous oxide from agriculture could be cut by more than eighty percent, researchers of the Potsdam Institute for Climate Impact Research find.
US ratings agency Moody's said that Argentina's debt-swap is unlikely to improve the liquidity profile for corporate issuers even when the highest-rated companies will be able to tap international debt markets and lengthen their debt maturity profiles.
Arianespace will launch the Arsat-1 satellite for Argentine satellite operator Empresa Argentina de Soluciones Satelitales Sociedad Anonima, or Arsat, in mid-2012 under a contract announced June 28 by the Evry, France-based launch services provider.
Soccer or football was first played by the indigenous Guaranies in what is today Paraguay, the heartland of South America and one of the sixteen best teams of the current World Cup currently been disputed in South Africa.
Argentine president Cristina Fernandez de Kirchner met with PM David Cameron in the framework of G-20 events in Toronto, Canada, but avoided talking about the Falkland Islands sovereignty dispute, according to Argentine media sources.