The United States has lost its final appeal in a billion US dollar trade dispute with Brazil over subsidies to US cotton growers. A World Trade Organisation appeal panel upheld on Monday a ruling from December that found the US had breached trade rules over its subsidies to cotton farmers.
Leaders from the Chilean coalition that has ruled since the return of democracy in 1990 warned that a setback in the coming municipal elections of next October could clear the way for a possible conservative victory in the 2009 presidential election.
The 38th General Assembly of the Organization of American States, OAS, opened this weekend in Colombia and although the motive of the meeting is Youth and democratic values, more pressing issues will have to be addressed by the gathering.
Chile's Defence Ministry will be deciding in the coming days the acquisition of a satellite, dual purpose, military and civilian which is estimated would cost in the range of 70 million US dollars, according to military sources in Santiago.
Brazil's National Civil Aviation Agency which controls commercial flights policy in the country announced it will authorize discounts of up to 80% on plane tickets to destinations within South America.
Secretary-General Ban Ki-moon welcomed the 1.2 billion US dollars in funding from the World Bank to help tackle the global food crisis that has emerged in recent months.
China is looking for alternative sources for the purchase of soy since Argentina is rapidly becoming a non reliable supplier, according to the Financial Times.
The Argentine government unilaterally modified on Thursday the controversial soy and grain export tax system, which has sparked a serious almost 80 days conflict with farmers and a serious political crisis.
Headlines: Where was FIG action on oil spill asks Falklands Conservation?;Balancing budget is 'ever more difficult'; Ferry sails south; Holiday credit going?; TV/radio no charge.
One of the world's few un-contacted Amazonian tribes has been photographed from the air with images released on Thursday showing members in striking red body paint holding bows and arrows.