International

• Friday, May 25th 2012 - 22:16 UTC

  China’s April exports to Argentina fell 34.4%, largest monthly drop since 2009

  

  China's exports to Argentina in April declined 34.4 percent from last year, the largest monthly drop since the 2009 global recession, signalling the deepening negative influence of Argentina's trade protectionism on bilateral trade, analysts and trade experts said, quoted by the official Beijing news agency.

• Friday, May 25th 2012 - 22:07 UTC

  UK passion for Argentine wines: first quarter imports rocket 15% in volume

  

  Argentine wine exports to the UK have rocketed by 25% in value and 12% in volume in the first three months of the year. This put the UK back ahead of Brazil as Argentina’s third largest market worldwide, and the US and Canada, and represents the largest gains for over four years.

• Friday, May 25th 2012 - 21:47 UTC

  Cameron pays tribute to Falklands’ conflict dead and reaffirms Islanders right to self determination

  

  UK Prime Minister David Cameron has paid his own personal tribute to the 255 soldiers, sailors and airmen who gave their lives to liberate the Falkland Islands. Making his first visit to the national Armed Forces Memorial as Prime Minister, Cameron also reaffirmed his commitment to defend the Falkland Islanders' right to self-determination.

• 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.