Buenos Aires City Mayor Mauricio Macri launched on Friday a price index to be “permanently audited by the civil society” in Argentina’s capital, in a move that steps up the pressure on the inflation controversy surrounding President Cristina Fernandez administration.
Argentine President Cristina Fernández administration agreed with oil-producing provinces and unions from the sector to strictly control the levels of exploration, production, the amount of equipment in use and the total number of jobs in each of the oil fields across the country, with the goal of reaching hydrocarbon self-sufficiency within four years.
Chile’s Araucania Prosecutor this week filed charged against Celestino Córdova Tránsito, an indigenous Mapuche who stands accused of arson leading to the death of an elderly couple of landowners last year. Francisco Ljubetic is also charging Córdova Tránsito with terrorist acts. Córdova Tránsito (26) is currently jailed pending trial.
The Argentine government has made public the list of the 500 products with ‘frozen prices’, until next October when mid term elections are scheduled. Consumers can check the information online at the website of the state news agency Télam and with the sites of several of the main supermarkets of the country.
The European Commission has said it will allow some EU member states to slow their pace of austerity cuts, amid concerns over growth. France, Spain, Poland, Portugal, the Netherlands and Slovenia are all being given more time to complete their austerity plans.
‘Save and Grow’, an environmentally-friendly farming model promoted by FAO can sustainably increase cassava yields by up to 400% and help turn this staple from a poor people's food into a 21st Century crop, the UN Food and Agriculture organization said.
Chancellor Angela Merkel, stung by criticism she is cracking the whip of fiscal discipline in Europe, has shown a more caring approach by pledging to fight record youth unemployment on the crisis-hit continent.
Unemployment among the under 25s rose in April to 23.5% within the EU and 24.4% across the Euro area. The rates released by EU statistics office Eurostat show an increase on the same month last year, when youth unemployment reached 22.6% across both zones.
The United Nations Food and Agriculture Organization, FAO, warned over-fishing in the Mediterranean was boosting jellyfish, which reduce stocks further and it called for jellyfish to be used in food, medicine and cosmetics.
The biggest pork firms in China and the US plan to join forces in a 4.7bn dollar deal that aims to feed the world's most populous country. China's Shuanghui International has agreed to pay cash for the Virginia-based Smithfield Foods, which including debt, values the firm at 7.1bn.