The Chilean government proposed a 5% increase in public spending and a 7.2% gain in education outlays next year as it tries to end four months of protests that have seen a quarter of a million students miss classes and weekly battles with the police.
Chile’s peso posted its biggest monthly drop since Lehman Brothers Holdings Inc. collapsed as a slump in copper dimmed trade prospects for the metal’s biggest producer. The peso sank 1.3% to 519.75 per US dollar on Friday.
The UK is now the worst place to live in Europe for quality of life and overall wellbeing, according to research by comparison site uSwitch.com. The high cost of living and work-driven culture means that Britain now sits at the bottom of a Quality of Life index. Ireland doesn’t come far behind in second place.
The United States needs to allow more visas to help the economy and should let highly skilled engineers who study in US universities stay in the country, New York Mayor Michael Bloomberg said in Washington.
Policymakers have lost control of the economic crisis and financial markets are forcing the world into a depression, George Soros said on Friday, urging Europe to create a common Treasury, recapitalize its banks and protect vulnerable states.
As part of the UK Armed Forces Redundancy Program, and following on from the Army and the RAF earlier this month, on Friday the Royal Navy begun notifying personnel selected for redundancy in Tranche 1 of the program.
Argentina's construction activity rose 7.3% on the year in August, as builders and private investors continued to benefit from a booming economy and high inflation.
President Cristina Fernandez opened Friday in Patagonia the largest wind farm in Argentina. The Rawson Aeolic Park will eventually generate 80 MW sufficient to supply 100.000 homes according to the private investors.
A young whale which died after it beached in the Humber Estuary is probably of a species rarely found stranded on the east British coast, conservationists have said.
Argentina's booksellers claim over a million imported books remain stacked up in customs while the government of President Cristina Fernandez moves ahead with its policy of substituting imports and defending local jobs and the domestic market.