Daily Headlines: June 30, 2008

* Venezuela: According to the British press over half of the cocaine consumed in Great Britain comes from Venezuela.

* Ecuador: The country’s armed forces plans to make a major arms purchase from several countries including Israel and Brazil.

* Chile: Inflation is the greatest "challenge” facing the world’s economy according to Chilean central bank chief Jose de Gregorio.

* Guatemala: Interior Minister Vinicio Gomez is believed to have died in a helicopter crash on Friday.

Image- Daily Mail (Shipment of intercepted cocaine embossed with Union Jack stickers)

Sources- BBC News, Bloomberg, The Telegraph, Xinhua