Stories for July 2015

Wednesday, July 8th 2015 - 09:08 UTC
Chinese markets' volatility edging 'panic sentiment', admit regulators

Mainland Chinese shares continued to slide on Wednesday, falling more than 8% on opening. The slump came despite more moves by China's regulators to try and stabilize the recently volatile market.
Wednesday, July 8th 2015 - 08:30 UTC
Carnival cruises to Cuba expected for next May; waiting for Havana green light

Carnival Corporation, the world's biggest travel and leisure firm, plans to launch cruises to Cuba in May, following the historic thaw between the Castro brothers nation and the United States. US Treasury Department and Commerce Department granted the company approval for the plans, Carnival announced Tuesday, though it has yet to receive Cuban authorization.
Wednesday, July 8th 2015 - 08:12 UTC
Grexit Day next Sunday, Euro Zone members warn Tsipras

Euro zone members announced on Tuesday that they have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin.
Wednesday, July 8th 2015 - 08:03 UTC
Obama calls Merkel and Tsipras calling for constructive talks

President Barack Obama on Tuesday analyzed the Greek situation in separate telephone calls to Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel, the White House said. Obama began his day with a phone conversation with Merkel, followed by another call to Tsipras.
Wednesday, July 8th 2015 - 07:50 UTC
World Bank claims there's 'no crisis in Latin America', but poverty still prevails

The World Bank’s Vice-President for Latin America and the Caribbean, Jorge Familiar, praised the region’s implementation of economic reforms, claiming that they had led to poverty reduction in the last few years, but he also warned that its pace was decreasing.
Wednesday, July 8th 2015 - 07:37 UTC
Dilma rejects any suggestion of stepping down and blames “a bunch of coup mongers”

Brazilian President Dilma Rousseff said in an interview published Tuesday in the daily Folha de Sao Paulo that there's no reason she should be ousted, so she has no fear being removed. Rousseff went further and accused certain sectors of the opposition of being “a bunch of coup mongers”.
Wednesday, July 8th 2015 - 07:21 UTC
Chile official involved in 2018/2022 World Cup inspections, suspended by FIFA

The official chosen by FIFA to inspect 2018 and 2022 World Cup hosting candidates was banned from football for seven years for breaking ethics rules. FIFA’s ethics committee gave no reason for its decision to suspend Harold Mayne-Nicholls, a former president of Chile’s soccer federation who is disputing the sanction.
Wednesday, July 8th 2015 - 07:02 UTC
Malvinas conflict former soldiers' claim to pension denied by Supreme Court for lack of combat evidence

Argentina's Supreme Court in what is considered a lead case on Tuesday ruled contrary to Malvinas war pensions for the former soldiers who served with the Eighth Mechanized Infantry regiment, based in Comodoro Rivadavia during the 1982 conflict, because they were never involved in combat or participated in the Military Operations Theatre.
Wednesday, July 8th 2015 - 01:05 UTC
WHO: Stepped up government tax action needed to curb tobacco epidemic

Too few governments levy appropriate levels of tax on cigarettes and other tobacco products. They therefore miss out on a proven, low-cost measure to curb demand for tobacco, save lives and generate funds for stronger health services, according to the World Health Organization’s Report on the Global Tobacco Epidemic-2015.
Tuesday, July 7th 2015 - 10:00 UTC
Chinese markets volatility continue despite government measures

Chinese stocks plunged Tuesday after mixed fortunes Monday, with the benchmark Shanghai Composite Index tumbling 3.2% at opening. The Shenzhen Component Index also opened 3.4% lower and the ChiNext Index, tracking growth enterprises, opened 3.8% lower.