The Uruguayan economy completed in 2010 the eighth year running of expansion having recorded 8.5%, which together with 2008 and 1998 makes them the best three years of the last two decades. Uruguay managed to skip the 2009 global recession with a 2.9% expansion.
President Barack Obama is nearing the end of a five-day tour of three Latin American nations to underscore the advance of democracy, and strong economic growth in the region.
Several South American countries are demanding an immediate cease fire in Libya and questioning the intensity and extensive bombing by an alliance of NATO strike forces of several cities under Colonel Muammar Gaddafi’ control.
Brazil reaffirmed the significance of Mercosur for President Dilma Rousseff administration’s foreign policy and underlined the strategic relation with Argentina, Brazil’s main associate in the trade block.
Tokyo Electric Power (Tepco) will have to compensate farmers for losses caused by the nuclear radiation leaking from its power plants, Japan has said.
The UK Consumer Prices Index (CPI) annual rate of inflation has risen to 4.4%, up from 4% in January. This was driven by higher food, fuel and clothing costs and was the highest level for more than two years.
President Dilma Rousseff will not be visiting Paraguay until the Brazilian Congress approves the Itaipú reversal notes which establish a greater compensation for surplus power purchased from Paraguay by Latin America’s energy hungry largest economy.
Ireland, supported by France keeps putting pressure to derail the ongoing trade talks between the European Union commission and Mercosur, reports the Dublin press.
Three Falkland Islands tours achieved the top ratings out of all South American excursions taken by Princess Cruise Line passengers during the 2010/11 season, confirmed Tourism Coordinator Samantha Marsh of Falklands Port and Shore Excursion Agents Sulivan Shipping Ltd.
Three Overseas Territories have been chosen to be included as sites across the UK and its OT to form the new UK tentative list for potential nomination for UNESCO World Heritage Status.