
The authorities in Cuba have released more details of their plans to allow people to buy and sell their cars and homes for the first time in 50 years. The new laws will open up a private property market and enable Cubans to buy any car they can afford.

Euro zone finance ministers have approved a 12 billion euro instalment of Greece's bailout, but signalled that the nation must expect significant losses of sovereignty and jobs.

A majority of left-leaning French voters, 60%, want former IMF chief Dominique Strauss-Kahn, whose high-profile trial on sexual assault charges could collapse, to return to French politics, a poll released showed.

Tierra del Fuego incumbent governor Fabiana Rios was re-elected on Sunday’s run-off with 50.2% of the vote beating Rosana Bertone who obtained 48.9%, according to the latest official results.

Venezuela's President Hugo Chavez is recovering satisfactorily from surgery to remove a cancerous tumour and will be home soon, the head of the country’s military said on Friday.

“You can vote for Cristina (Kirchner) with your pocket, your heart or with your mind” because the Argentine economy has advanced in all fields, said the country’s Economy minister and vice President candidate for next October election, Amado Boudou.

Uruguay has raised its 2011 economic growth forecast to 6% and its inflation to 7.8%, according to a government document published on Friday. The previous estimate was 4.5% and full year inflation of 6%.

Chinese President Hu Jintao has issued a mea culpa for rampant corruption in the ruling Communist Party, warning members about alienating the public as the organisation celebrates its 90th anniversary.

Central bank president Mercedes Marcó del Pont defended on Friday Argentina’s current economic policies, particularly efforts to address the international crisis arguing that “cooling the economy or letting the currency appreciate only aggravates the crisis”.

Bolivian president Evo Morales apologized to the Argentine Jewish community for having received on an official visit the Iranian Defence minister Ahmad Vahido, who is wanted by the Argentine justice system for his alleged involvement in the 1994 anti-Semite attack in Buenos Aires.