
This year’s PANAMAX exercise kicked off on Monday involving representatives from 17 hemispheric countries with the purpose of practicing methods of protecting the safe passage of commercial traffic through the Panama Canal while ensuring its neutrality and respecting national sovereignty.

Argentina’s National Securities Commission, CNV, officially communicated leading international stock exchanges in the US and Europe that hydrocarbons companies operating in the Argentine continental shelf in the area of the disputed Falklands/Malvinas Islands are involved in “illicit and clandestine” activities.

By Andrew Hammond (*) With London 2012 proving a once-in-a-generation global showcase for Britain, a key uncertainty nonetheless remains over whether a substantial, meaningful legacy can be secured in future years from hosting the games. Given that the official public cost of the Olympics is some 9.3 billion pounds (a figure Parliament believes is nearer 11 billion pounds, and Sky News estimates to be a staggering 24 billion pounds) this is a key question, especially as Britain languishes in a double dip recession.

Chaos in Buenos Aires City traffic as the 600.000 daily subway commuters were again left on Wednesday with no service for the fifth day running and no prospects of a solution in sight as a mediation effort with striking workers collapsed.

Pickets of unemployed and union members in the south of Spain took over supermarkets and took food produce which they then delivered to social organizations and needy families to protest and warn of the consequences of the tough measures implemented by the government.

The strike declared by the Brazilian Federal Police on Tuesday is beginning to cause difficulties at international airports, delaying the crossing of visitors to neighbouring countries and some organized pickets have been marching in front of federal government offices.

The Paraguayan government had decided to appeal before the International Court of Justice in The Hague the suspension imposed on Paraguay by the governments of Argentina, Brazil and Uruguay as a sanction for the removal of Fernando Lugo as president of the country, last June 22.

The special Unasur commission that is monitoring and following political events in Paraguay since the removal of Fernando Lugo as president and his replacement by Federico Franco, is expected to make a first presentation next Thursday said Peruvian Foreign affairs minister Rafael Roncagliolo.

President Cristina Fernandez government expressed its deep disappointment directly to the State Department following the announcement that the Texan oil company Noble Energy would become involved in hydrocarbons activities in the Falkland Islands.

In a special cabinet meeting last Friday, Chilean President Sebastián Piñera proposed a series of measures aimed at improving infrastructure and human investment in the south-central Araucanía region.