The World Bank has trimmed its growth forecast slightly for China, citing a bumpy start to the year. It now expects the Chinese economy to grow by 7.6% in 2014, down from its earlier projection of 7.7%. A slew of disappointing figures has triggered concerns of a slowdown in the world's second-largest economy.
As if problems with the delayed stadiums was not enough, and with less than 10 weeks until the start of the World Cup, work on crucial new airport terminals has fallen behind in most of the dozen Brazilian host cities, heightening the risk of overcrowding and confusion during the tournament.
At the start of a three day trade trip to Brazil, the Chancellor of the Exchequer George Osborne announced the next stage in the UK government’s fundamental overhaul of finance for exporters which should move the UK to the top of the global league for export support.
Brazilian President Dilma Rousseff announced that the third stage of an investment plan, Growth Acceleration Program (PAC) will be launched in August, just two months ahead of an October presidential election in which she will seek re-election.
A career diplomat and an expert in UK affairs has been named Foreign Policy Undersecretary at the Argentine Ministry of Foreign Affairs. Maria Carolina Perez Colman replaces Maria del Carmen Squeff who was recently nominated as Ambassador before the French government.
Argentina and Colombia are among the countries with the hottest and sexiest women in the world according to the TargetMap, an internet site that works with all sort of data, surveys and tendencies displayed on maps.
Brazil’s decision to hike its key interest rate to 11%, its highest level in two years, has again started to attract investors since there are also strong hopes that Brazil’s next president to be elected in October will rein in spending and adjust macroeconomic policies.
Eight out of ten Argentines feel that insecurity has been on the rise during recent months while 90% believe that it has become the main problem of the country ahead of inflation, unemployment and corruption, according to a public opinion poll published in Clarin's Sunday edition.
The United Nations office in Venezuela expressed deep concern over the high human cost of anti-government protests which have left 39 people dead during two months of unrest. Hundreds more have been detained or injured in clashes with security forces.
UK Minister for Europe David Lidington, said the British Government would have no objection “in principle” to Gibraltar integrating further into the EU than Britain. He was reacting to recent comments by Chief Minister Fabian Picardo, who said Gibraltar may in future want “more Europe, not less Europe, than the United Kingdom.”