The Spanish National Statistics Institute, INE, reported on Thursday that the nation's unemployment rate shot up from 26.02% in the last quarter of 2012 to 27.16% in the first three months of this year. This is approximately 6.2 million Spaniards are out of a job. Youth unemployment stands at 57%.
Argentina’s industrial output registered a 0.3% drop in March year-on-year, according to Indec the official statistics bureau. The report stated that the manufacturing activity climbed 1.5% compared to February and dropped 0.4% annually in the first three months.
Silvio Berlusconi, the three-time prime minister and two-time convicted lawbreaker seems to be the great victor in Italy by out-manoeuvring rivals during an eight-week political stalemate and becoming the key figure in talks for a new coalition government.
Britain has avoided falling into its third recession since the 2008 global financial crisis, after the economy grew by a better-than-expected 0.3% in the first quarter of 2013 compared with the final three months of last year, official data showed on Thursday.
Argentina’s Lower House passed early Thursday morning after an overnight and at time chaotic debate the most controversial bills contained in a judicial reform which the administration of President Cristina Fernandez is obsessed in having approved before mid May.
The US dollar in Argentina’s parallel or ‘blue’ market continued to soar on Thursday reaching a new record high of 9.16 and 9.20 Pesos buying and selling price which over twenty cents more than on Wednesday.
Canada’s Barrick Gold Corp making a painful adjustment to a sustained slump in bullion prices, reported progress in controlling costs and said it planned further cuts in capital spending.
The next head of the World Trade Organization will be either Mexico's Herminio Blanco or Brazil's Roberto Azevedo, guaranteeing a Latin American nation will hold the top job at the global trade body for the first time, although they made it to the short list in previous occasions-.
Economy minister Hernan Lorenzino became the laughing stock of Argentina when a video was revealed showing him suspending an interview with Greek television arguing that Argentine inflation ‘is too complex’ and telling his aides, ‘I want to leave’. One of the aides then tells the Greek reporter that in Argentina ‘we don’t discuss inflation’.
Uruguay has a ‘flock’ of nine six-month ‘brilliant’ lambs which behave as any other sheep but are really genetically modified and are planned to help with medicine research. They were born in a farm belonging to the Animal Reproduction Institute of Uruguay (Irauy) a non profit organization connected to the Genetically Modified Animals Unit from the Pasteur Institute, a branch in Montevideo of the renowned French scientific organization.