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Current Edition
Thursday, July 30th 2015 - 08:07 UTC

First cargo ships sail along Egypt's new expanded Suez Canal; official opening in August

President Sisi wants the canal to become a symbol of national pride and to help combat Egypt's double-digit unemployment.

The first cargo ships passed through Egypt's New Suez Canal last weekend in a test-run before it opens next month, state media reported, eleven months after the army began constructing the $8 billion canal alongside the existing 145-year-old Suez Canal.

Thursday, July 30th 2015 - 07:48 UTC

Cruise lines agree to equal access for individuals with disabilities

Settlement agreement addresses accessibility on 62 ships among Carnival brands including Carnival Cruise Line, Holland America Line and Princess Cruises

The U.S. Justice Department and Carnival Corp. have reached a comprehensive, landmark settlement agreement under the Americans with Disabilities Act (ADA) to advance equal access for individuals with disabilities who travel on cruise ships, the Justice Department announced Wednesday.

Thursday, July 30th 2015 - 07:23 UTC

Argentina asks if Iran nuke-deal includes delisting Iranian wanted in major bomb attack in Buenos Aires

Argentina is concerned with a news report saying the secret deal included EU's consent to remove ex-Iran Defense Minister Ahmad Vahidi from sanctions list.

Argentina's foreign minister is asking U.S. Secretary of State John Kerry and European Union Foreign Affairs representative, Federica Mogherini to clarify whether Washington's nuclear deal with Iran includes removing from Interpol's list an Iranian wanted in a major bomb attack in Buenos Aires that took place in 1994 and remains unsolved.

Wednesday, July 29th 2015 - 07:10 UTC

Uruguay announces controversial massive infrastructure investment program

President Vazquez and his cabinet during the announcement of the infrastructure investment plan for the next four years

Uruguayan President Tabare Vazquez announced on Monday a controversial plan for 12.37 billion in infrastructure investment over the next four years. Two-thirds of the investment will come from the government, Vazquez told a news conference. Where the other third was to come was not confirmed.

Wednesday, July 29th 2015 - 06:58 UTC

UN committee agrees on nine principles for restructuring sovereign debts

“This constitutes a historic moment when it comes to resolving the issues of foreign debt restructuring,” said Llorenti, chair of the UN ad hoc committee

A United Nations committee, after six months work, on Tuesday, unanimously adopted a “historic” report that establishes nine principles for restructuring sovereign debt, the committee's chair Sacha Llorenti of Bolivia told reporters.

Wednesday, July 29th 2015 - 06:43 UTC

Maduro formally requests UN mediation in border dispute with Guyana

“We will continue to work through diplomatic means,” Maduro said after the meeting. “We will overcome the provocations and aggressions of Granger.”

Venezuela's president Nicolas Maduro said he asked U.N. Secretary-General Ban Ki-moon for U.N. mediation in his country's century-old border dispute with neighboring Guyana. The controversy was discussed by Maduro and Ban at a meeting Tuesday morning in New York.

Wednesday, July 29th 2015 - 06:30 UTC

Positive signals from Argentina's economy ahead of October's election

A rebound in the auto industry which picked up 6.8% was a crucial element in the upturn. Figures were supported with rising sales both at home and abroad

Industrial production in Argentina fell 0.8% in June compared to the same period last year, according to the country's National Statistics and Census Institute (INDEC), marking the 23rd consecutive month that the sector has contracted. However with seasonally adjusted figures, Indec's data showed a 0.9% rise, the first positive advance in two years (July 2013).

Wednesday, July 29th 2015 - 06:12 UTC

“Operation radioactivity” unveils corruption in Brazil's Electrobras

“Unfortunately, it looks like we will go into other sectors as well, and the energy sector alone is already huge,” federal police agent Igor Romario de Paulo said

Brazilian police on Tuesday arrested two executives involved in building a nuclear power plant for Eletrobras, pulling the state-run utility into a corruption scandal that has engulfed government-owned oil company Petrobras.

Wednesday, July 29th 2015 - 06:00 UTC

S&P warns Brazil could lose investment-grade rating as economic slippage continues

The statement sent Brazil's currency tumbling and is a setback to Finance Minister Joaquim Levy's efforts to win back investor confidence

Standard & Poor's on Tuesday said Brazil could lose its coveted investment-grade rating in the coming year if fallout from a number of corruption investigations further stymies economic growth and the implementation of austerity measures.

Wednesday, July 29th 2015 - 05:52 UTC

Volkswagen overtakes Toyota to became world's biggest selling vehicle maker

VW sold 5.04 million cars between January and June - slightly more than the 5.02 million sold by Toyota.

Germany's Volkswagen became the world's biggest-selling vehicle maker in the first half of the year, overtaking Toyota for the first time. VW sold 5.04 million cars between January and June - slightly more than the 5.02 million sold by Toyota.

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