Stories for November 10th 2012
Reacting to Thursday massive protest against the government which convened hundreds of thousands of Argentines in the country and overseas, President Cristina Fernandez said that the real problem is the lack of a political leadership that can represent an alternative model to that which has been so successful for the majority of Argentines.
Colombia confirmed on Friday that its ambassador in Paraguay, Alberto Barrantes had returned to Asunción, four months after the political crisis triggered by the removal from office of Fernando Lugo and his replacement by President Federico Franco
US District Judge Thomas Griesa told Argentina it should not even consider evading a recent ruling requiring it to pay bondholders who did not participate in two major debt restructurings after the country's 2002 default.
Newly re-elected President Barack Obama said on Friday the wealthy must pay more taxes under any political deal to avert a looming budget crisis. He said Congress must act against the so-called fiscal cliff, a package of tax rises and spending cuts due early next year.
Former US Secretary of State Condoleezza Rice said the Republican Party must adapt rapidly changing demographics in the United States to remain politically relevant.
International Airlines Group has reaffirmed that it would keep Vueling as a stand-alone entity within the group if it completes its plan to acquire the outstanding shares in the Barcelona-based low-cost carrier.
Loss-making Iberia on Friday announced plans to axe 4.500 jobs to save Spain's biggest airline from collapse and warned more cuts could follow against the backdrop of economic crisis in the Euro zone country.
China is projected to overtake the US to become the world's largest economy as early as 2016, according to a report by the Organization for Economic Co-operation and Development (OECD) released on Friday.
Armed sailors on board the detained Argentine ARA Libertad frigate in Ghana threatened to open fire on Ports and Harbours Authority (GPHA) officials, if they attempted to move the ship from berth 11 to berth six, at the Tema Port, according to reports of “The Chronicle” local newspaper.