
Paraguayan President Fernando Lugo travelled to Brazil on Thursday bringing forward a routine check-up following his cancer treatment last year and cancelling a planned trip to Peru due to a severe cold.

International Monetary Fund's external relations director Caroline Atkinson resigned Thursday after being appointed the as a White House special assistant to the president for international economic affairs.

The population of the European Union reached 502.5 million on 1 January 2011 according to data provided by the statistical office of the European Union. This is one million and a half more than a year ago.

Brazilian Foreign Affairs minister Antonio Patriota said that trade talks is one of several points in the bilateral agenda, ‘but not the most important’, next Friday when Argentine president Cristina Fernandez de Kirchner visits her Brazilian peer Dilma Rousseff.

Venezuela said it remains committed to compensating Exxon-Mobil and Conoco-Phillips for nationalized oil assets, as long as the amount is reasonable and either settle by mutual agreement or set by the World Bank’s arbitration panel.

Former nationalist military officer Ollanta Humala will take office next Thursday as the next president of Peru, one of the fastest growing economies in the world but with almost half the population living in poverty.

A working alliance of 68 members in the one-chamber Congress of 130 benches will be supporting the government of Peruvian president-elect Ollanta Humala who is to be sworn in on Thursday 28 July.

All South American presidents with the exception of Venezuela’s Hugo Chavez under chemotherapy treatment, and Paraguay’s Fernando Lugo, who cancelled at last moment following medical instructions, will be present at Thursday swearing in ceremony of Peruvian president-elect Ollanta Humala.

While US politicians remain divided on how to raise the government's ability to borrow, with a key deadline less than a week away, how is the current 14.29 trillion dollars in federal debt split, according to stats from the Treasury Department?

Should the US follow the example of President Dwight Eisenhower back in 1953, asks Alex J Pollok, resident fellow at the American Enterprise Institute and Anne Canfield president of Canfield & Associates, Washington, D.C. in an article published in The American Journal of the AEI.