Mercosur junior member Paraguay that is suffering the Argentine restrictions on imports and has seen its February exports plummet 70% is planning ‘mirror’ countermeasures but emphasizing on those products with greater impact for Argentina and lesser for Paraguay.
China has announced it will increase defense spending by 11.2% in 2012, for the first time taking its annual military expenditure beyond 100 billion dollars as it puts in place plans to modernize its Army against the backdrop of an uncertain regional environment.
China expects economic growth of 7.5% this year as it looks for more sustainable expansion, prepares for a change in leadership and rides out a global slowdown. Premier Wen Jiabao unveiled the target at the start of the annual National People's Congress.
German Chancellor Angela Merkel has agreed with other conservative European leaders to help President Nicolas Sarkozy in the French election campaign by spurning his Socialist challenger François Hollande, according to the German media Spiegel.
Brazil's Sports minister says he has delivered a letter telling FIFA that it won't deal with Secretary General Jerome Valcke during the country's preparations for the 2014 World Cup.
US authorities’ treatment of WikiLeaks suspect Private Bradley Manning was “cruel and degrading,” the UN special rapporteur on torture Juan Ernesto Mendez said Monday.
Brazil’s 2011/12 soybean and corn crops are forecasted to be slightly lower than the original February estimates according to the latest release from industry and market analyst.
United States could soon suspend trade benefits for Argentina warned on Monday an official from the Department of Commerce. US accuses Argentina of not paying awards in two long-running investment disputes with US companies following rulings from an international tribunal.
Uruguayan exports to Argentina during the month of February plummeted 46.6% compared to the same month a year ago according to Uruguay’s Union of Exporters, which attributes the poor performance to the imports restrictions imposed by the neighbouring country.
Chinese athletes preparing for the London Olympics have been banned from eating meat over fears they may consume clenbuterol -the prohibited performance-enhancing substance led to Chinese Olympic judo champion Tong Wen's two-year banm, reports China Daily.