International Monetary Fund should proceed with talks on increasing the size of its war-chest at the same time as Europe discusses how to build a firewall to contain its debt crisis, a senior official from the fund said on Friday.
Cuban president Raul Castro arrived on Friday to Caracas for the XI summit of the Bolivarian Alternative for the Peoples of America, ALBA, and to participate in the celebration of the twentieth anniversary of the frustrated military coup by then a young Lieutenant Colonel Hugo Chavez, currently Venezuelan president.
The Bolivian government promised to call the ambassadors from neighbouring countries to define a legal framework that allows the devolution of thousands of cars stolen in their countries and which found their way to the landlocked country.
Cuba’s best-known pro-democracy blogger said she was denied permission to leave her country after Brazil granted her a visa ahead of President Dilma Rousseff’s state visit to the Castro brothers’ island last week.
Following on Argentina’s track the Brazilian government created a special unit to monitor and control imports in the framework of the country’s new trade policy implemented by the administration of President Dilma Rousseff.
Spain has formally asked Britain to reopen talks over the sovereignty of Gibraltar. The petition was made by Spanish Foreign Minister José Manuel Garcia-Margallo shortly after UK Europe Minister David Lidington told an audience in Madrid that Britain would not discuss sovereignty against Gibraltar’s wishes.
China's Premier Wen Jiabao said on Friday the Asian giant had neither the ability nor the intention to buy Europe, amid concerns over growing Chinese investment in debt-stricken Euro zone economies.
The downturn in cruise bookings by North American and European customers noted earlier this week by industry giant Carnival Corp. is taking place at rival Royal Caribbean Cruises, too, but overall the industry is optimistic.
The US economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-year low of 8.3%, indicating last quarter's growth carried into early 2012.
The growth of US government debt relative to GDP is clearly unsustainable, Federal Reserve Chairman Ben Bernanke said in a congressional testimony.