
The European Union and Latinamerica could play a crucial role in helping solve the Middle East conflict said Syrian president Bashar al-Assad following an offer from Spanish president Jose Luis Rodriguez Zapatero to mediate in a Damascus-Israel dialogue.

The Secretary General for Ibero-America and former president of the Inter American Development Bank, IDB, Enrique Iglesias warned Monday that exiting the current global crisis will be “much slower than was anticipated” and will give greater emphasis to “more government and less markets”.

The International Monetary Fund should find an adequate balance between economics and politics, and take advantage of its cross-country experience to deepen its engagement in the Western Hemisphere and improve the effectiveness of its economic policy advice, a group of high-level advisors recommended Monday.

Following several trials with the official ball from the South Africa World Cup, the US Aeronautics and Space Agency, NASA, confirmed the famous ‘Jabulani’, seriously criticized by players and goal beepers is “erratic and unpredictable”.

The first week of negotiations in years between the European Union and Mercosur to reach a political and trade association agreement that took place in Buenos Aires did not end well.

The Inter American Development Bank will be electing new President this week, but with the nomination period closed last June 26 and no names presented, Colombia’s Luis Alberto Moreno seems certain to be re-elected.

Syrian president Bashar al-Assad wrapping up his Latinamerican tour of four countries, Cuba, Venezuela, Brazil and Argentina described the government of US President Barack Obama as ‘weak’ to ensure a peace process in the Middle East adding he was hopeful of negotiations sponsored by other countries such as Brazil and Turkey.

The Foreign Secretary, William Hague, gave the following speech outlining the Government's vision for UK foreign policy on 1 July 2010.

The World Bank Group (WBG) committed 17.9 billion US dollars in fiscal year 2010 –a slightly higher figure over last year’s record lending of 17.1 billion- to support countries in Latin America and the Caribbean (LAC) as they recover from the global financial crisis and resume a path of sustained growth, according to the latest report from the multilateral organization.

China National Offshore Oil Corp., the country’s third-largest oil and gas company, declined to comment on reports it is holding talks to buy as much as 9 billion US dollars of BP Plc’s assets in South America.