Exports in the world's second largest economy, China, have risen, ending three months of decline in June. Exports rose 2.1% in Yuan-denominated terms compared with a year ago, up to 1.17tn Yuan ($187bn).
Under the heading of The Peronist pope, The Economist has a piece on Francis's balancing act in Latin America dedicated to the eight day tour of three of the continent's poorest countries, but with the largest percentages of Catholics. But for Francis it is also a delicate balancing act since several current leaders in the region tend to blend the Church's 'option for the poor' with Marxist ideology.
Pope Francis, wrapping up on Sunday his three-country tour of South America, urged people living in a flood-prone shantytown in Paraguay to stay united in their struggle for better living and working conditions.
A group of lawmakers from six Latin American countries and Argentine officials met in Ushuaia in support of Argentine 'legitimate sovereignty rights over Malvinas, Georgia and South Sandwich Islands', in the framework of UN General Assembly Resolution 2065 fiftieth anniversary celebration, which called on the United Kingdom and Argentina to reach a peaceful negotiated solution over the Falklands/Malvinas dispute through bilateral discussions.
Next 28 July Wales First Minister Carwyn Jones will be attending celebrations in the province of Chubut in the framework of the 150th anniversary of the first Welsh settlement in Patagonia, 28 July 1865. An event which in an electoral year in Argentina could become a good opportunity for president Cristina Fernandez to press on the Falkland Islands dispute, according to speculation in the Buenos Aires media.
The Embassy of Argentina in the UK celebrated Independence Day on Thursday, highlighting the importance of national sovereignty and Latin American unity. Before a packed audience of over four hundred people, the Argentine Ambassador Alicia Castro delivered a speech in which she recalled that the aim of the struggle for independence was to unite all the peoples of Latin America.
Bolivian president Evo Morales revealed on Friday that Pope Francis told him that there are three pending issues in the continent, Puerto Rico, Falklands/Malvinas and Bolivia's sea outlet claim. The pope has been recognized by all sides as the 'bridge' which helped bring together Cuba and the US after over half a century of mutual distancing.
Pope Francis urged Paraguay to consolidate democracy and end corruption and drug trafficking, after receiving a colorful welcome on Friday at the start of the last leg of his eight-day South American tour.
The International Monetary Fund has trimmed its forecast for global economic growth for this year to take into account the impact of recent weakness in the United States. But the global financial institution said growth prospects for next year remain undimmed, despite Greece's debt crisis and recent volatility in Chinese financial markets.
The financial crisis dealt a blow to the jobs and future prospects of many workers around the world, particularly in Europe. But while unemployment in Europe is now falling for the most part, deeper technological change is making it harder than ever for people to get out of the long-term unemployment or low-paid, insecure jobs they were plunged into by the crash, according to a new report by the Organization for Economic Co-operation and Development.