The Economist Intelligence Unit is predicting that in 2011 Brazil would move ahead of Italy into seventh place in the ranking of the largest world economies with a GDP of 2 trillion US dollars.
Sea levels around the Falkland Islands in the South Atlantic have risen since the mid nineteenth century and the rate of sea-level rise has accelerated over recent decades, according to newly published research. The findings are as expected under global warming and consistent with observations elsewhere around the globe.
Brazil’s central bank kept its benchmark overnight rate unchanged Wednesday as policy makers gauge whether a peak in inflation is temporary. The policy committee, led by bank President Henrique Meirelles in a unanimous decision, left the rate at 10.75% for a second straight meeting.
The European parliament has honoured prominent Cuban dissident Guillermo Fariñas, awarding him the prestigious Sakharov Prize for Freedom of Thought. The 48-year-old journalist has been honoured for his services to advancing human rights in Cuba.
Ecuadorean president Rafael Correa said on Thursday the country had finished negotiations with two oil companies and planned to sign the new service contracts before November 23.
Members of the European Parliament expressed strong support for expanding trade with Mercosur but subject to clear red lines to ensure food security and prevent further environmental damage, said a resolution adopted on Thursday.
Banco Santander SA, Spain’s biggest bank, said this week that it will sell 5% of its Brazilian unit to Qatar Holding LLC for 1.95 billion Euros (Approx. 2.7 billion US dollars).
Some companies in Chile have recently become involved in a movement to measure the impact of businesses on freshwater resources.
In what could very well have been one of his last comments as Foreign Affairs minister, Miguel Angel Moratinos said Spain would be removing the scientific buoys that it laid in Gibraltar waters as from Wednesday October 20.
Prices for the best farmland in Argentina’s breadbasket, the humid Pampa have risen on average 10% this year according to registered operations reports. This means the hectare of prime agriculture land in Argentina now costs almost the same as the average price of farmland in the state of Illinois, 14.000 US dollars.