* 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.
Sources- BBC News, Bloomberg, The Telegraph, Xinhua
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