Obama and Rousseff agree their nations are 'natural partners' and working on an 'upward trajectory'

“I believe that this visit marks one more step in a new more ambitious chapter in the relations between our countries,” Obama said. “I believe that this visit marks one more step in a new more ambitious chapter in the relations between our countries,” Obama said.

President Barack Obama and visiting Brazilian President Dilma Rousseff sought Tuesday to cast their nations as “natural partners” collaborating closely on critical issues like climate and regional diplomacy, glossing over recent tensions over spying that have strained relations between the first and seventh world economies.

Greece in IMF 'arrears'; it will default when it misses commercial payment

S&P’s said it would designate Greece as being in default, if it cannot make payments to private creditors: ie €2 billion in Greek Treasury bills due 10 JulyS&P’s said it would designate Greece as being in default, if it cannot make payments to private creditors: ie €2 billion in Greek Treasury bills due 10 July

Greece on Tuesday became the first developed country to join a roster that includes some of the world’s poorest and worst governed nations, including Iraq, Sudan, Somalia and Zimbabwe. Those are a few of the countries that have missed payments to the IMF as Greece did Tuesday, when it failed to make a loan payment of about 1.5 billion Euro...

US and Cuba ready to announce embassies opening in Havana and Washington

The White House announced that Obama would deliver a statement, presumably the formal announcement, in the Rose Garden on Wednesday.The White House announced that Obama would deliver a statement, presumably the formal announcement, in the Rose Garden on Wednesday.

President Obama will announce on Wednesday that the U.S. and Cuba have reached an agreement to open embassies in Havana and Washington, an administration official has confirmed. The announcement marks a major step in ending hostilities between the longtime foes and an opportunity to re-establish formal diplomatic relations and apparently will be...

Falklands will continue to develop its legitimate oil industry as it moves from exploration to production

Falklands' people have “the unequivocal right to develop our natural resources as we see fit, including the development of a hydrocarbons industry” (Pic EPA)Falklands' people have “the unequivocal right to develop our natural resources as we see fit, including the development of a hydrocarbons industry” (Pic EPA)

The Falkland Islands government has no doubts about its right to licence legitimate offshore oil and gas exploration activities in accordance with Falklands' legislation and will continue to support the hydrocarbons industry as it moves from successful exploration towards oil production.

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