
Just a week after his latest trip to the Middle East, Brazilian president Lula da Silva was honoured March 25th by the Arab community at the Mount Lebanon Club, in the city of São Paulo. The event, which marks the 130th anniversary of Arab immigration in Brazil, was organized by the Arab Brazilian Chamber of Commerce.

“Inflation in a growing country is good” said Hugo Moyano Argentina’s leader of the powerful labour unions confederation, CGT, a day after having openly complained that “inflation in Argentina is a fact, and nobody can deny it’s a reality”.

HMS York, the Portsmouth-based Type 42 destroyer and currently patrolling the Falkland Islands as part of her South Atlantic deployment is celebrating her 25 years at sea. She was accepted into service on March 1985.

President Hugo Chavez has added three days to Venezuela's Easter holiday to deal with a growing energy crisis. The move which will close government and public offices means most Venezuelans will have a seven-day break starting on 1 April.

Brazil's central bank policy-makers said on Thursday they are ready to raise rates next month to curb inflation pressure as jobs data highlighted the strength of the country's economic rebound.

Argentina’s main union leader and a close political ally of President Cristina Kirchner, Hugo Moyano said that “inflation in Argentina is a fact, and nobody can deny it’s a reality”. His words follow previous statement from Economy minister Amado Boudou who admitted “prices’ tension but “not necessarily inflation”

Mercosur main country members, Argentina and Brazil begun on Thursday a two-day round of bilateral trade talks in Brazil to discuss basically whether to continue or not with the non-automatic licenses both countries hold.

Sixteen Euro zone countries have backed a financing plan to help debt-laden Greece, which will include IMF money. The safety net would total up to 22 billion Euros and would apply only if market lending to Greece dried up.

Bolivian President Evo Morales, along with the Bolivian Army and Navy, celebrated Sea Day this week, an annual holiday mourning Bolivia’s loss of ocean access to Chile following the Pacific War 131 years ago.

Former KGB agent and London’s Evening Standard owner Alexander Lebedev is buying The Independent and Independent on Sunday for £1, it has been confirmed. The Russian oligarch has snapped up the titles for the same price as a single copy of The Independent.