
French President Nicolas Sarkozy has called for a fundamental rethink of capitalism in the aftermath of the financial crisis. We need deep profound change, he said in his keynote speech at the World Economic Forum in Davos.

Chilean Defence minister Francisco Vidal and Air Force Commander General Ricardo Ortega announced this week that Chile had completed the renovation of its air power with the purchase of 18 F-16s from Holland, 12 Brazilian Super Tucano for training purposes, three KC 135 transport aircrafts and 12 Bell 412 helicopters.

Brazilian president Lula da Silva is considering supporting a renowned banker such as Central Bank governor Henrique Meirelles, to complete his Workers Party ticket for next October’s presidential election which is expected to be headed by cabinet chief Dilma Rousseff, according to press reports in Sal Paulo.

Seven-year-old Charlie Simpson, from west London, met on Wednesday British Prime Minister's wife at 10 Downing Street after raising more than £200,000 for earthquake victims in Haiti.

The Brazilian government and the International Monetary Fund signed a technical agreement under which Brazil will buy up to 10 billion USD in IMF notes over the next two years.
The ousted head of the Central Bank Martín Redrado demanded Tuesday Argentine President Cristina Fernández de Kirchner revoke the DNU emergency decree which she had issued in order to dismiss him from his post as the Central Bank governor.

Venezuela’s Central Bank Chairman, Eugenio Vasquez Orellana, resigned Tuesday citing health problems, but the real motive seems to have been differences with some cabinet ministers from the government of Hugo Chavez.

College students opposed to Venezuela’s populist government protested on Tuesday outside the headquarters of state-run VTV television against the network’s “violent discourse.”

Honduras president elect Porfirio Lobo takes office on Wednesday the same day deposed Honduran leader Manuel Zelaya finally leave the Brazilian embassy where he has been holed up for more than four months.

A soldier who has served in Iraq has been officially crowned Miss England after the original winner relinquished the title last year to clear her name.