Argentina's government has violated the terms of a deal to nationalize the country's largest airline, the carrier's owner said Wednesday, which could lead to a major diplomatic confrontation with Spain.
Banking giant Citigroup announced it is planning shed 52,000 jobs with losses falling particularly heavily in London and New York. The cut - along with previously announced job losses of around 22,000 - will leave it with a global total of 300,000 employees in the near term.
With less than a week left for next Sunday's municipal and governor elections Venezuelan president Hugo Chavez arrived in his homeland to boost the campaign of his family who are candidates for the main posts of the province of Barinas and the city of Sabanera.
President Hu Jintao began a two-day visit to Cuba by agreeing to increase Chinese purchases of Cuban nickel and sugar, and send farm goods to the communist-run island as it recovers from three devastating storms.
China will join the Inter-American Development Bank as a donor member, building on its growing links with Latin America and the Caribbean. China will become the 48th member country in the Washington, DC-based IDB, the single largest source of long-term lending for the region.
Uruguay's ruling coalition in the midst of a bitter and at times confusing struggle to reach an agreement on its future presidential candidate for October 2009 elections is showing growing cracks of dissent and internal disorder.
WITH the new Constitution Order approved by Her Majesty the Queen in the Privy Council last week and due to come into effect on January 1, 2009 the role of the Falkland Islands Governor is set to change.
Brazilian President Lula da Silva said on Saturday the Group of Eight is no longer relevant in today's globalized world and the role of developing international financial regulations must fall to the so-called Group of 20.
President Cristina Fernández de Kirchner has vetoed a law protecting Argentina's glaciers that would have restricted mining and oil drilling, officials and environmental campaigners said on Friday.
Brazil's president Lula da Silva is considered the most outstanding leader of the region according to the latest edition of the public opinion poll Latinbarometer 2008 which was released this week in Chile.