Brazilian President Dilma Rousseff said on Friday her government will unveil more measures to stimulate the economy in the next few months, including investments in ports, airports, railroads and highways.
Spain has for the first time conceded it might need a full EU/IMF bailout worth 300 billion Euros if its borrowing costs remain unsustainably high, a Euro zone official was quoted in the Madrid media.
The White House cut its outlook for US growth in 2012 and 2013 on Friday, hours after data showed the economy grew at a tepid pace in the second quarter, raising concerns about a slowdown that could mar President Barack Obama's re-election chances.
Russian President Vladimir Putin has an ambitious plan to cut his country's 3 billion dollars annual import bill for beef. He even aspires to return Russia's beef industry to its pre-revolutionary stature.
Fearing tainted meat, China's women's volleyball team has stuck to a strict vegetarian diet for the last three weeks, which the team's coach is now blaming for his athletes' abysmal performance.
US Department of State Assistant Secretary for Public Affairs Mike Hammer urged the Argentine Government to normalize its relations with the international financial community and confirmed President Obama’s administration intention of having “the best possible relations” with Argentina.
Falkland Islands residents were able to get into the swing of the lead up to the Olympics this week when one of 8,000 Olympic torch bearers, Commonwealth Games badminton gold medallist Rebecca Pantaney (36) carried a torch to the Islands.
The editor of the Falkland Islands weekly Penguin News twitted that Argentine president Cristina Fernandez is scaring its own people, regarding military exercises in the Islands, which Lisa Watson underlines are “routine”.
Travelers Digest's Top Ten Cities With The Most Beautiful Woman says Kiev is 'without a doubt, home to the world’s most beautiful women', closely followed by Stockholm and not so distant Buenos Aires.
Cuba adopted a new tax code this week and said it would loosen regulations on some state companies while turning others into cooperatives, as one of the world's last Soviet-style economies moves in a more market-friendly direction.