Stories for November 15th 2012
Xi Jinping has been confirmed as the man to lead China for the next decade. Mr Xi led the new Politburo Standing Committee onto the stage at the Great Hall of the People in Beijing, signalling his elevation to the top of China's ruling Communist Party.
The International Monetary Fund ratified on Thursday that “on December 17” it will assess the “quality of Argentine statistics, particularly those referred to inflation”, an issue over which it had already warned the administration of President Cristina Fernandez.
The Foreign Office summoned the Spanish ambassador in London and condemned Madrid’s ‘provocative incursions’ in Gibraltar waters saying that it “is in the interests of Spain, as well as Gibraltar and Britain, to avoid any incident that may damage the prospects of developing a harmonious and collaborative relationship between Gibraltar and Spain”.
Uruguay’ Chamber of Industries, CIU, criticized the ‘indiscriminate’ influx of foreign goods, labour costs and Mercosur, and called on government to change the focus of its policies towards manufacturing underscoring that the domestic market represents 55% of industries’ GDP.
The catch-up boom in China, India and Brazil is largely over and will be followed by a drastic slowdown over the next decade, according to a report by America's top forecasting body.
Argentina's Congress approved on Wednesday a new legal regulation which critics say President Cristina Fernandez could use to force a conclusion in her long-running battle with the country's biggest media group.
US President Barack Obama plans to give new thrust to a comprehensive immigration reform in the country, one that would not only address the issue of illegal immigrants but also how to attract and retain highly skilled manpower from the rest of the world.
The Brazilian economy gained speed in the third quarter central bank data showed on Wednesday, but weaker activity in September suggests that there are still many question marks ahead.
President Obama has reiterated his call for high earners in the US to pay more in taxes, in his first news conference since winning re-election. He called for quick legislation to rule out tax rises on the first 250.000 dollars of income, but refused to extend cuts for the wealthiest 2%.
A composition by Blur front-man Damon Albarn has been played to radio listeners around the world to mark 90 years of BBC broadcasting. 2LO Calling, a snapshot of the airwaves, featured iconic sounds from radio over the past 90 years.