International

• Friday, May 25th 2012 - 21:37 UTC

  Paraguay proposes India long-term plan to exchange food for investments and technology

  

  Paraguayan president Fernando Lugo currently visiting India proposed an exchange of food for investment and technology. Lugo was received by President Pratibha Patil and later by Prime Minister Manmohan Singh.

• Friday, May 25th 2012 - 20:44 UTC

  Germany should exit the Euro and revalue its currency, suggests top economist

  

  Germany should exit the Euro and revalue its currency as “damage control” to avoid the effects of contagion stemming from a Greek exit, which would cripple banks and trade in Europe, according to former Argentine Finance Secretary Guillermo Nielsen.

• Friday, May 25th 2012 - 16:10 UTC

  EU files suit against Argentina with WTO, but it’s a long process

  

  The European Union filed a suit against Argentina's import restrictions with the World Trade Organization (WTO), European Union Trade Commissioner Karel De Gucht announced on Friday.

• Friday, May 25th 2012 - 16:07 UTC

  Spain’s richest region closer to default without central government aid

  

  Spain's wealthiest autonomous region, Catalonia, needs financing help from the central government because it is running out of options for refinancing debt this year, Catalan President Artur Mas admitted on Friday.

• Friday, May 25th 2012 - 09:04 UTC

  Repsol partner in a huge deposit off the Brazilian coast with 1.25bn barrels of oil

  

  Spain’s Repsol, recovering from the recent seizure of YPF by the Argentine government, said an area off the coast of Brazil it is exploring with partner China Petroleum and Chemical Corp. contains the equivalent of at least 1.25 billion barrels of oil.

• Friday, May 25th 2012 - 06:45 UTC

  UK reassures support for Gibraltar after major incident with Spain in the Rock’s waters

  

  UK reassured support for Gibraltar following Wednesday night’s incident when several Spanish Guardia Civil vessels and a helicopter were involved in a tense standoff with the Royal Gibraltar Police, the Gibraltar Defence Police and the Royal Navy while the Spanish trawlers tried to cast nets in the Rock’s bay.

• Friday, May 25th 2012 - 02:51 UTC

  Alcohol consumption in Latin America is considerably less than in Europe and US

  

  Alcohol consumption in Latin America is low compared to Europe and the US and averages 5.5 litres of pure alcohol per year per capita, although with marked differences between countries and gender. In Europe consumption is estimated at 13 litres of pure alcohol while in the US the average in 9.8 litres.

• Friday, May 25th 2012 - 01:49 UTC

  OECD/World Bank recommends more inclusive growth economic policy

  

  Economic policy should be better designed to bring about more inclusive growth, ensuring that the benefits of increased prosperity are shared more evenly across society, according to a new report from the OECD and the World Bank.

• Friday, May 25th 2012 - 01:16 UTC

  UK deeper in recession; IMF recommends more stimuli measures

  

  Britain fell deeper into recession than initially thought in the first quarter of 2012 due to a slump in construction output, raising the likelihood that the Bank will opt to inject more stimuli to protect the economy from the Euro zone debt crisis.

• Thursday, May 24th 2012 - 16:41 UTC

  Outbreak of tick fever kills 22 cattle in Australia; origin of the parasite unknown

  

  Twenty-two cattle have been killed by tick fever in the New South Wales, Australia. Tick fever is caused by a parasite in red blood cells and the only thing that can spread tick fever is cattle ticks, reports Meat trade news daily.