Brazil ranks near the bottom among fourteen emerging powers in terms of competitiveness, due to high capital and labor costs as well as inadequate infrastructure, according to a study commissioned by the National Confederation of Industry (CNI) and published by the Folha de Sao Paulo daily.
Chile’s Justice Minister Teodoro Ribera resigned on Monday amid allegations he has ties to a former director of the country’s accreditation committee, or CNA, which improperly authorized some universities to operate.
European ministers have approved the catching of millions more tons of fish than scientists have advised over the past nine years, a report has shown. Fisheries ministers, who meet annually to decide quotas for stocks across Europe, have only strictly followed scientific advice on fisheries in 13% of their decisions, the report by World Wildlife Fund, found.
US consumers prices fell in November due to a sharp drop in petrol prices, according to official figures, as inflation in the economy remained weak. The consumer price index fell 0.3% from October, the first decline since May, the US Labour Department said.
Prosecutors in Paraguay have filed charges against 14 peasants allegedly involved in a land dispute which resulted in the killing of 17 people last June, six months ago. The charges range from murder to criminal association and land invasion.
Foreign minister Jose Felix Fernandez Estigarribia said that Paraguay needs an open discussion on whether the country should remain or not in Mercosur, particularly since the issue has become extremely divisive. However the discussion must be addressed by the elected government that takes office in August 2013.
“Once more we fulfill our promise, the Frigate is coming back,” was the first statement given by President Cristina Fernández over the ruling of the UN's International Tribunal for the Law of the Sea to release the ARA Libertad frigate.
The Ghanaian government indicated on Sunday that it will review the recent ruling by the International Court for the Law of the Sea ordering the African nation to release the Argentine Navy Libertad frigate, which remains impounded there since October 2.
The third phase of explosive ordnance and landmine clearance in the Falkland Islands is scheduled to begin next January and extend until March 2013 and is programmed to concentrate in the surrounding of the capital Stanley.
Argentina slapped a 30 million Peso (6 million dollars) fine on a local subsidiary of global banking giant HSBC for failing to report suspicious transactions, authorities here said Sunday.