Brazil posted a primary budget deficit of 9.048 billion Reais (4.1 billion dollars) in September, its biggest in nearly five years and the government reacted announcing a plan of cuts fearing an impact from credit rating agencies.
Uruguay President José “Pepe” Mujica questioned Argentina’s recent decision to stop freight transfers at ports belonging to Mercosur countries Buenos Aires has no maritime agreements with. Mujica blasted an “insular” position that “shatters” regional integration.
The unemployment rate in the 17-nation Euro-zone remained at a record high of 12.2% in September as the bloc’s recent recovery failed to generate new jobs, official data shows. The number rose by 60,000 to 19.45 million, while the jobless rate for those aged under 25 edged up to 24.1% from 24% in August, according to Eurostat, the European Union’s statistics agency.
By R. Viswanathan (*) Octavio Paz, the celebrated Mexican writer who was Ambassador to India in the sixties, wrote in his book “The Labyrinth of Solitude that the Mexican is always remote from the world and other people”. This was his conclusion after an in-depth analysis of the character and identity of the Mexicans who have inherited a mix of Aztec and Mayan Indian traditions and European culture and have been influenced overwhelmingly by the culture of US.
London’s fastest-growing communications agency, Pagefield, has been appointed by the Falkland Islands Government to provide strategic and tactical advice in relation to all public relations and media issues in the UK, following a competitive pitch.
The Centenary Scholarship which marks the 100th Anniversary of Sir Ernest Shackleton’s Trans- Antarctic Endurance expedition has been awarded to Dr Alastair Baylis, an Australian scientist, for his sea lion project: “Rediscovering Falklands Ocean Sentinels”.
Barrick, the world’s largest gold mining company, is indefinitely suspending construction of its troubled gold mine straddling the Chile-Argentine border, part of a cost-cutting effort that also involves 10 other mining projects around the world.
Venezuela will create a new exchange rate for tourists to buy up to US$10,000 of the local Bolivar currency per year in a measure intended to help reduce black market trading, the government said in its official gazette.
Britain is sleepwalking into becoming a surveillance state, the like of which has never been seen before in peacetime Britain, MPs have been told. Opening a packed Westminster Hall debate on intelligence and the security services, Liberal Democrat MP Julian Huppert (Cambridge) said there were serious questions to be asked about the extent and scale of intelligence agencies’ activities.
Foreign minister Eladio Loizaga revealed that the Paraguayan congress must first approve Venezuela's protocol of incorporation to Mercosur before the country can attend the coming bloc's summit scheduled for next 17 December in Caracas.