Mercosur leaders meeting in Brazil launched a plan to adopt common trade, investment and immigration policies to help underpin unprecedented economic growth in the region.
The Paraguayan Industrial Union, UIP, called Brazilian president Lula da Silva an “arrogant hypocrite” for making promises he never honoured, and attacked President Fernando Lugo for generating ‘overblown fantasy expectations’.
Brazilian president Lula da Silva was named “Gays’ Father Christmas” by the country’s Lesbians, Gays, Bisexuals, Travesties and Transsexuals (ABGLT) organization during a meeting of social groupings at the Planalto Palace (Government House) in Brasilia
China and Argentina signed a Tax Information Exchange Agreement (TIEA) in order to improve transparency in the two countries’ bilateral trade and investment.
The International Monetary Fund (IMF) approved a 22.5 billion Euros loan for Ireland and said it was open to re-negotiating parts of the bailout package with a new government provided its overall targets were adhered to.
Argentina’s most influential businessman warned about the “inflationary escalade” which, if not contained can lead to an unfavourable climate for investments. Paolo Rocca, Techint group CEO made the statements during an entrepreneurs’ forum where he called for “business responsibility”, “clear rules of the game”, “transparency” and questioned the landing of Chinese oil corporations in Argentina.
In an attempt to cope with what has been described as “social problems”, Argentine President Cristina Fernández de Kirchner swore in Nilda Garré as new Security Minister and Arturo Puricelli as new Defence Minister during a ceremony at Government House.
Australian Foreign Secretary Kevin Rudd will be present at the two-day Mercosur summit which begins Thursday in Foz de Iguazu. Rudd met on Wednesday with his Brazilian peer Celso Amorim ahead of the summit and in the framework of the “Australia-Brazil Dialogue” created last September.
The creator of Facebook, Mark Zuckerberg has been announced as Time magazine’s person of the year 2010, “for changing how we all live our lives in ways that are innovative and even optimistic”.
The Brazilian government announced Tuesday that the country has seen a solid drop in childhood malnutrition which, together with the social progress achieved in other areas, meets the criteria under the U.N. Millennium Development Goals for the eradication of extreme poverty.