The International Monetary Fund expressed “concern” on Thursday over the outcome of Argentina's 'vulture funds' case. The US Supreme Court is scheduled to consider on June 12 whether to hear Argentina's appeal of rulings requiring it to pay the holdout bondholders back in full.
Barbados, a small Caribbean island at the cutting edge of the fight against climate change, will be hosting this year's World Environment Day, leading United Nations-wide efforts to draw attention to the plight of the world's small islands potentially in peril of being lost to sea-level rise.
The European Central Bank has introduced a raft of measures aimed at stimulating the Euro zone economy, including negative interest rates and cheap long-term loans to banks. It cut its deposit rate for banks from zero to -0.1%, to encourage banks to lend to businesses rather than hold on to money. The ECB also cut its benchmark interest rate to 0.15% from 0.25%.
Argentina confirmed on Thursday World Cup nationwide transmission free service both on television and radio. Channel 7, DeporTV and Radio Nacional will be responsible for delivering the service, thus fulfilling President Cristina Fernandez government’s promise of the ”World Cup for the whole country”.
Pope Francis sacked on Thursday the five-man board of the Vatican's financial watchdog, all Italians, in the latest move to break with an old guard associated with a murky past under his predecessor.
Argentina agreed to sign a one-year deal with Brazil to regulate vehicle trade between both countries, after a meeting held between Industry Minister Débora Giorgi and her Brazilian counterpart, Mauro Borges. The agreement will be signed on June 11 in Buenos Aires.
The remaining tickets for the most important World Cup matches were sold out fast on Wednesday, disappointing hundreds of fans who waited in line across Brazil.
Drugs, prostitution and arms smuggling may not be legal, but it's all real economic activity, at least in Italy, which will now include illegal enterprises as part of its gross domestic product (a measure of the goods and services a nation produces). Italy has decided to boost the size of its economy by including the value of black market activities.
The Organization of American States, OAS, annual assembly unanimously approved on Thursday a resolution on the Malvinas Islands calling on Argentina and the UK to resume negotiations regarding the sovereignty dispute.
In a superb development for science and tourism in South Georgia, Cheesemans’ Ecology Safaris is offering the opportunity for 7 people to join a scientific trip on the Hans Hansson surveying South Georgia’s wandering albatross.