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Price of Butter and Sugar Raises

Products such as butter, sugar and yeast, required for making bread, recorded a price increase of up to 15% this week. The situation worries the bakers because the wheat quintal price also increased this week. Representatives of the union argues that the profit margin has...
Posted On 17 Aug 2012
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Eurozone trade surplus grows in June compared to 2011

According to preliminary data released today by the EU statistical office, Eurostat, in June, the euro area resulted in a growth considered to 14,900 million euros in the trade balance surplus, compared to the balance of 200 million recorded in June last year. In the countries of...
Posted On 17 Aug 2012
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Ecuador President Talked About Diplomatic Asylum granted to Assange

Today during an interview with several local radio stations in Loja (Ecuador), President Rafael Correa justified the diplomatic asylum granted yesterday to Wikileaks’ founder, Julian Assange. The president stressed that a key factor to grant him asylum was that he “was not...
Posted On 17 Aug 2012
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Madonna Faces Nine Lawsuits in Russia

This morning it was reported that singer Madonna has to face about nine lawsuits with claims for compensation for more than 10 million dollars in the St. Petersburg court, in Russia, for alleged “moral damage“. Alexander Pochúev, representing the applicants, said that...
Posted On 17 Aug 2012
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Cesar Fernandez was Transferred to Prison

After 15 days of being linked to a possible case of drug trafficking, the prosecutor Leonidas Lema referred the former governor of Manabi, Cesar Fernandez, to new criminal proceedings for alleged money laundering. On August 2 Cesar Fernandez was arrested for allegedly engaging in...
Posted On 17 Aug 2012
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Ecuador National Assembly condemns threat of UK

In extraordinary session, the Ecuadorian National Assembly decided this morning to condemn the threatened use of force in the UK, reported on Wednesday by Foreign Minister of Ecuador Ricardo Patiño. Of the 80 legislators present, 73 votes and seven abstentions decided to consider...
Posted On 17 Aug 2012
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U.S. Does Not Chase Julian Assange

U.S. denied any intentions to “pursue” the founder of Wikileaks, Julian Assange and denied having pressured Great Britain to stop him. “Regarding the charge that the United States sought to pursue him, I reject it completely,” said State Department...
Posted On 17 Aug 2012
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34 Miners Slaughtered by South African Police

General Commissioner, Riah Phiyega, of the South Africa police department confirmed today that 34 miners died after colliding with the orders of policemen. The massacre occurred last Thursday during riots in a mine of South Africa, 79 people were also injured. A total of 259...
Posted On 17 Aug 2012
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Dalo Bucaram Takes Protective Actions Against Correa and AP Staff

On behalf of the assemblymen and married couple Abdala Bucaram Pulley and Gabriela Pazmino, the Guayas School of Lawyers yesterday presented a protective action against President Rafael Correa and Alianza Pais Party officials (AP for its Spanish acronym). The Secretary of...
Posted On 17 Aug 2012
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Syria Renews Fighting as UN Ends Mission

This Friday the Syrian government increased its attacks against rebel bastions in Aleppo and other parts of Syria, fierce fights where reported in Damascus. These actions occurred a day after the UN called time on its observer mission. Last Thursday the UN announced his decision...
Posted On 17 Aug 2012
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