Argentina’s organized labour leader Hugo Moyano described his relation with the administration of President Cristina Fernandez de Kirchner as “excellent” and blamed the press for all the stories of alleged clashes over political differences with the government.
Over 100 people were injured on Friday when police forcibly evicted protesters who have been camped out for two weeks in the main square of Barcelona as part of a nationwide mobilization against youth unemployment, austerity, corruption and the country’s political class
The United States Supreme Court gave its blessing this week to one of the strong immigration control laws passed by the state of Arizona, a law that has served as a model for similar measures in other states.
Brazil will respond to the requests from industry and unions to reduce taxes to help boost local manufacturing and thus cut into the growing impetus of imports, promised Vice-President Michel Temer during a seminar sponsored by the powerful São Paulo Federation of Industries, FIESP, together with the two main organized labour unions.
The Union of South American Nations, Unasur, has among the objectives of the recently created South American Defence Council protecting the natural resources of the region which include 25% of the world’s drinking water and proven oil reserves estimated in 123 billion barrels of oil.
Finance Minister Christine Lagarde is the wrong choice to head the International Monetary Fund as it gets deeper into the Euro-zone rescue, a former IMF chief economist said this week.
Defence minister Arturo Puricelli denied Thursday that Argentina was obstructing the economy of the Malvinas Islands as claimed by Falklands’ governor Nigel Haywood in his state of the nation speech to the elected Legislative Assembly of the Islands.
The Brazilian Government announced that it is considering additional import restrictions on top of the ones already applied to vehicles, as a measure to defend their national industry.
World Trade Organization Director General Pascal Lamy warned world leaders that adopting protectionist measures can have “devastating effects” on the global economy. Addressing the G 20 group Lamy called on the leaders to resist “the temptations of protectionism”.
Nouriel Roubini, the New York University economist known as Dr Doom, says Greek restructuring would not bring down Europe's financial system. The economist, who earned his nickname by predicting the global financial crisis, says an orderly debt restructuring could pre-empt more trouble.