
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.

Britain paid tribute Wednesday to a joint force of Royal Navy and RAF Harrier aircraft with a spectacular flypast to mark their retirement after 41 years of service. A formation of 16 Harriers that became famous during the Falklands’ conflict, took off from RAF Cottesmore into the skies of Lincolnshire.

On presenting a review of his eight years in office, Brazilian president Lula da Silva forecasted that Brazil would become the world’s fifth economy by 2016. He also underlined that under his administration combating hunger had become a “national cause” and for him a personal pride.

In what is considered a historic ruling the Inter-American Court of Human Rights from the Organization of American States held the Brazilian state responsible for the forced disappearance of 62 alleged members of the Araguaia guerrilla movement- a small armed band of communists and Trotskyites crushed by military operations between 1972 and 1974.