Brazil’s central bank raised the benchmark interest rate a third consecutive time and anticipated that the tightening cycle may be extended through the rest of the year as policy makers fight inflation.
Tens of thousands of workers across Brazil have walked off their jobs on Thursday in a nationwide strike demanding better working conditions and improved public services. Organized by Brazil’s biggest trade union federations, strikers are partially or completely blocking 17 highways in seven states.
President-elect Horacio Cartes will not make any comments on the ongoing dispute of Paraguay with Mercosur until after the group’s summit in Uruguay next Friday, when official decisions on the subject are expected to be made public. However for both sides any decision will most probably be challenging and ratify that Mercosur has become a political group far from its original trade and investment purposes.
Argentine ambassador to the United Kingdom Alicia Castro renewed Argentina’s sovereignty claims over the Falkland Islands and put the Edward Snowden spy row on London’s table: “We are free nations that neither need nor want to be spied on,” Castro warned.
After almost twenty years of negotiations United States confirmed the opening of its market to citrus from Uruguay, which will become effective next 9 August when certain coordination and logistics tasks are coordinated by both countries.
Pine Island Glacier (PIG), the longest and fastest flowing glacier in the Antarctic, has spawned a huge iceberg. The block measures about 720 sq km in area - roughly eight times the size of Manhattan Island in New York.
China accepts that Taiwan signs economic cooperation agreements with other countries as long as they are not political and those countries do not interfere with the ‘one China policy’ which considers the island a province part of the nation, and not two nations as defended by Taipei.
At 2.3 billion, the number of people worldwide covered by at least one life-saving measure to limit tobacco use has more than doubled in the last five years, according to the WHO Report on the Global Tobacco Epidemic 2013. The number of people covered by bans on tobacco advertising, promotion and sponsorship, the focus of this year’s report, increased by almost 400 million people residing mainly in low- and middle-income countries.
By Markus Jaeger (*) - What could China possibly learn from Brazil, economically? After all, real GDP growth in Brazil averaged 2.75% annually over the past three decades, compared to 10% in China. Moreover, Brazil’s consumption-oriented growth model is about to exhaust itself, while China’s investment-focussed strategy continues to generate high, if somewhat diminished economic growth.
The International Monetary Fund trimmed its global growth forecast for the fifth time since early last year due to a slowdown in emerging economies and the woes in recession-struck Europe. In its mid-year health check of the world economy, IMF also warned global growth could slow further if the pull-back from massive monetary stimulus in the United States triggers reversals in capital flows and crimps growth in developing countries.