Peruvian Foreign Minister Jose Antonio Garcia Belaunde meeting with the representative of the Palestine National government recognised Palestine as an “independent and sovereign state,” reported the Peruvian state news agency Andina.
The International Monetary Fund (IMF) has warned of the risks of inflation and overheating of the economy in Latin America, at a forum held in Paris.
Chilean President Sebastian Pinera was reportedly forced to make an emergency landing on route to his holiday home in southern Chile on Sunday, due to technical problems, Chilean radio reported.However, the president soon thereafter denied the report.
Thousands of Venezuelans took to the streets on Sunday, allies and adversaries alike, marking the 53rd anniversary of Venezuela’s democracy. Opposition supporters met in one part of Caracas, chanting anti-government slogans and waving Venezuelan flags and calling Chavez a despot and claiming he is amassing power and cracking down on dissent.
Bolivian President Evo Morales has reinstated 17 of his cabinet members and changed three in a cabinet shakeup the state news agency ABI reported. Over the weekend all twenty ministers had tendered their resignations to President Evo Morales, as he began his sixth year in office. The cabinet changes come as Morales popularity drops according to opinion polls.
Chilean President Sebastian Piñera has responded to Bolivian President Evo Morales who said Saturday that “Atacama, used to be Bolivian and we hope to recover it soon, although a presidential spokesmen later said “it was a joke.”
The dynamics of the past few months regarding the price of oil, prime materials and food stuffs, worryingly reminds us of what happened to the world economy mid-2008. At the time the sky high price of oil – which reached U$147 a barrel - and the food crisis caused havoc.
Figures released by the Venezuelan Ministry of Energy and Petroleum said the average price of crude oil sold by Petroleras de Venezuela (PDVSA) rose this week to U$ 86.79 up from U$ 85.987 last week.
The German Government has ordered an investigation into a reported muting on their training ship the Gorch Fock, which is said to have taken place last year. The Gorch Fock tall ship was ordered to dock in the Argentine city of Ushuaia early on Friday to await experts, after reports of a revolt in November.
Seven days of protests and demonstrations, widespread international coverage, and dramatic warnings of violence in the Magallanes Region took their toll on the tourism industry in southern Chile’s Punta Arenas.