
Germany’s Wintershall sealed a 150 million dollar unconventional exploration contract with the Argentine province of Neuquén’s owned Gas y Petroleo de Neuquén to search for oil in the Vaca Muerta formation. The agreement could later be extended to 3.35bn.

The International Air Transport Association (IATA) has revised its 2013 global industry outlook downwards to 11.7 billion on revenues of 708 billion dollars, but anticipates that all regions during 2014 will see improved profitability, with divergence in performance and with strong emphasis in North America with 6.3 billion net profits.

With more arrests and airline workers suspected, Venezuela's top police official said that the smuggling of 1.5 tons of cocaine in 31 suitcases on an Air France flight from Caracas to Paris has led to nine arrests on two continents.

President Juan Manuel Santos was grateful and ‘accepted with prudence’ his Uruguayan peer Jose Mujica offer to host a peace-talks process in Montevideo with the other big guerrilla movement in Colombia, the ELN, National Liberation Army

Gibraltar has accused Spain of a “crude, last minute” attempt to “disguise and conceal” its normal customs checks at the border, just days ahead of a visit by the European Commission. The EC team arrives on Wednesday and will consist of six experts on EU customs controls and border matters.

The new Argentine ambassador before the Organization of American States, OAS, former Defence and Home Security minister Nilda Garré begins her diplomatic job with a main line of action: ‘claiming the Malvinas Islands sovereignty” and the “resumption of negotiations with the UK”.

Argentine president Cristina Fernandez is scheduled to address the United Nations General Assembly in New York on Tuesday and according to the official agenda has several appointments with political leaders and business representatives.

Francis has made one of his strongest attacks yet on the global economic system, saying it could no longer be based on a god called money and urged the unemployed to fight for work.

Three years has seen the overturn of two government, the deaths of thousands of people and the destruction of much of the Egyptian economy. In the end, the mobs have changed nothing, except to make their own lives more miserable.

Just a few seats short of a majority, German Chancellor Angela Merkel has said she's ready to begin coalition talks with the center-left SPD, but with animosity on both sides, it's not quite clear who will be courting whom, according to German analysts.