
Influential foreign policy experts at the New York based Council on Foreign Relations (CFR) think the United States should move closer to Brazil politically and economically and recommend the creation of a Brazilian affairs office at the National Security Council.

The RAF’s largest ever aircraft, Voyager, has been flown by an RAF pilot at the Royal International Air Tattoo, Fairford for its first public appearance. Fourteen Voyager aircraft and a complete support package are being provided to the RAF under a 27 year £10.5bn Private Finance Initiative contract signed with the AirTanker consortium.

Brazil’s president Dilma Rousseff announced Thursday night the launching of a new plan aimed to boost and protect Brazilian industry against international competition and at the same called for a technological development leap forward.

The Chilean Securities and Insurance Supervisor (SVS) announced on Wednesday that it would be pressing charges against more than a dozen executives at Chilean retail giant La Polar.

Paraguay's opposition-controlled Congress rejected a constitutional reform that would have let President Fernando Lugo run for re-election. The reform drive, led by Lugo's supporters, proved controversial in a country where many people have painful memories of General Alfredo Stroessner's 35-year dictatorship.

Venezuelan President Hugo Chavez will travel to Brazil for cancer treatment, a Brazilian government source told reporters, following his return home after an operation in Cuba.

Argentina’s trade relation with Brazil does not have restrictions and “it’s understandable that some differences surface” when bilateral trade will be reaching over 40 billion dollars this year, said Argentine Industry Ministry sources in Buenos Aires.

A haze of tear gas floated through the air, blending in with Santiago’s smog as the Chilean flag atop La Moneda sat in solitude with an occasional breeze. Lemon halves littered the streets as flying glass bottles shattered on the concrete.

China on Thursday pledged to extend limits on new home purchases to smaller cities as authorities step up efforts to cool the country's red-hot real estate market. The State Council, or cabinet, said it would tighten existing property restrictions in cities that have seen excessive price rises to push them back to reasonable levels.

Media tycoon Rupert Murdoch and his son James bowed late Thursday to threats to find them in contempt of British Parliament and agreed to testify about the phone-hacking scandal to lawmakers on July 19.