Global goods trade will grow less than hoped this year and next, and factors including regional conflicts and the Ebola outbreak are putting a quick return to stronger growth at risk, the World Trade Organization said today.
Environmentalist and presidential opposition candidate Marina Silva blasted Brazilian president Dilma Rousseff for not supporting an initiative to put a deadline on deforestation supported by 32 countries this Tuesday during the Climate summit in New York.
The beginning of a turbulent week for Argentina's money exchange market with the informal or 'blue' dollar climbing to 15,15 Argentine Pesos, while the official rate was up one cent to 8,45 Pesos in Buenos Aires banks and foreign exchange offices.
British Airways will be eliminating two direct flights between Buenos Aires and London beginning 31 March 2015, meaning the weekly schedule will be cut from seven to five flights, mainly because of a drop in the number of passengers.
Argentina's Economy Minister Axel Kicillof responded to Citibank’s lawyer Karen Wagner remarks that the bank had “a gun pointed to its head” which would “probably go off” if the US Judiciary did not allow payment of funds blocked by US Judge Thomas Griesa’s ruling.
New York district judge Thomas Griesa has called a new hearing this Friday, after Citibank requested an injunction in order to honor a payment on Argentine bonds held under local legislation and in foreign currency.
Germany's Angela Merkel said on Monday after meeting French premier Manuel Valls that she was impressed by the number of reforms Paris had launched, but deferred to Brussels on the halting French efforts to reduce its public deficit.
Approximately 33% of Argentina's population (or those living with between 4 and 10 dollars per day) are vulnerable to falling into poverty if faced with adverse economic conditions, the World Bank said in its 2015-2018 Country Partnership Strategy (CPS) report for Argentina.
Global growth had been disappointing this year, according to World Bank president Dr Jim Yong Kim, who counted Europe's woes, reforms in Japan, and the impact of US monetary policy on emerging markets, among the world's greatest economic challenges.
A US court on Friday dismissed an appeal by Citibank and Argentina to let the country make payments on debt tied up in a bitter legal battle with hedge funds.