Uruguay’s April consumer inflation, 0.34%, the lowest since last November came as a relief for government authorities, but the accumulated rate of the last twelve months was 8.34%, well above the Central bank 4% to 6% target. Furthermore compared to April 2010 inflation was almost double: 0.18% vs 0.34%, according to the country’s Statistics Institute, INE.
Commodity prices fell on Thursday for a fourth day, following weak economic news from Europe and the US. Oil prices were down 10% at one stage, with US light, sweet crude ending the day below 100 US dollars a barrel.
Spain has lost its 12-year battle with Argentina over the use of the name La Rioja. The northwestern Argentine province of La Rioja was founded by a Spaniard in 1591; the Spanish were also responsible for introducing vines to the region, reports Decanter.com.
Food prices remained virtually steady in April after falling in March following eight months of successive increases, FAO announced Thursday.
An international group of scientists plan to recreate Charles Darwin’s five-year sea voyage around the world aboard a replica of the HMS Beagle. They plan to set sail from London in 2014.
Nasa's Gravity Probe B has produced remarkable new confirmation of some key predictions by Albert Einstein. The satellite's observations show the massive body of the Earth is very subtly warping space and time, and even pulling them around with it.
German President Christian Wulff is in Brazil on a three-day visit aimed at strengthening ties between the two countries and discussing mutual co-operation in science and technology.
Conservationists say they are pleased with early efforts to kill rats on South Georgia, in what is the biggest rodent eradication campaign in history. No-one really knows how many rats inhabit the island in the South Atlantic, but it could be millions.
Argentina's Eskenazi family has agreed to pay 1.3 billion US dollars to buy an additional 10% in YPF, the Argentine unit of Repsol, the Spanish oil company said on Wednesday.
Citrovita and Citrosuco of Brazil won European Union antitrust approval for their merger plan to form the world’s largest wholesale supplier of orange juice.