International

International
Wednesday, September 2nd 2015 - 06:01 UTC

Chinese markets open Wednesday on the slide; Canada enters recession

Chinese markets close on Wednesday evening for a two-day holiday to commemorate the end of World War Two.

Asian markets continued to fall on Wednesday, with Shanghai opening down more than 4% amid continuing worries about China's growth. On Tuesday, data suggesting China's manufacturing sector was shrinking at its fastest pace in three years ignited a global market sell-off, resulting in US stocks closing down nearly 3%.

Tuesday, September 1st 2015 - 23:23 UTC

Francis allows priests to forgive the sin of abortion during the Holy Year

“One of the serious problems of our time is clearly the changed relationship with respect to life,” the Pope said in a letter addressed to Archbishop Rino Fisichela

In a new set of pastoral guidelines for the upcoming Holy Year of Mercy Pope Francis has made some significant moves, allowing all priests to forgive the sin of abortion and granting SSPX priests the faculty to forgive sins.

Tuesday, September 1st 2015 - 06:48 UTC

Moody's cuts 2016 global economic forecast; no commodities rebound in near future

Moody’s kept its Euro zone forecast unchanged despite the recent turbulence in Greece, at one and two percent in 2015 and 2016.

Credit rating firm Moody’s cut its 2016 global economic growth forecasts, with China and United States both trimmed and Russia and Brazil seen staying in recession.

Tuesday, September 1st 2015 - 06:26 UTC

Rolls Royce cooperating with Petrobras corruption investigators

“We are cooperating with investigating authorities in Brazil but are unable to comment further on a continuing investigation,” a Rolls-Royce spokesman said

Britain's Rolls-Royce is cooperating with investigators in a massive corruption scandal at Brazilian state oil giant Petrobras, a spokesman said. The engineering company confirmed it had been contacted by investigators involved in the probe, which has engulfed Brazil's political and business establishment amid allegations of a massive kickbacks scheme.

Tuesday, September 1st 2015 - 06:12 UTC

China's factory activity contracts at its fastest in three years in August

The weak data is likely to add to global concerns over China's economy losing steam and could send Asian and global shares down further.

China's factory activity contracted at its fastest pace in three years in August, confirming fears that the country's growth is continuing to slow. The official manufacturing purchasing managers' index (PMI) dropped to 49.7 from 50 in July.

Tuesday, September 1st 2015 - 03:58 UTC

Malvinas Argentine veterans demand justice of abuse suffered at the hands of their officers

Led by CECIM president, Ernesto Alonso, the ongoing case was submitted to the Inter American Human Rights Commission earlier this year

Argentine Veterans from the 1982 Malvinas war will continue to voice their condemnation of abuse suffered at the hands of their superior officers as a legal team reiterate their demands for recognition and justice before federal courts in Río Grande on Monday.

Monday, August 31st 2015 - 12:04 UTC

Norway is testing the world's first electric fishing vessel

The vessel model Selfa El-max 1099, which is to be named Karoline, is in line with Øra's compromise to decrease CO2 emissions and modernize the fleet

Norwegian boat builder Selfa Arctic AS is now supplying the world's first electric fishing vessel. In effect Norwegian fishing company Øra AS has order the world’s first electric fishing vessel, which has been under construction since last autumn.

Monday, August 31st 2015 - 07:11 UTC

Falklands/Malvinas: Sarkozy willing to bring sides together to address the issue

“I met with Nicholas Sarkozy who said he was willing to help bring sides together regarding the Argentine claim over the Falklands”, wrote Scioli

Former French president Nicholas Sarkozy, visiting Buenos Aires, has offered to bring sides together regarding the Falklands/Malvinas Islands dispute between Argentina, the United Kingdom and the Islanders, according to the incumbent presidential candidate Daniel Scioli.

Monday, August 31st 2015 - 06:52 UTC

Spain 'willing' to improve cross-border law enforcement with Gibraltar

Spain has acknowledged that shots were fired but insists that its officers were acting lawfully in waters considered Spanish by Madrid. (Pic Reuters)

Spain has signaled its “full willingness” to improve cross-border law enforcement cooperation with Gibraltar, according to a press report in Spain. 'El Pais' said Madrid was seeking to defuse the fallout from last Saturday’s incident at sea, during which warning shots were fired by officers of the Servicio de Vigilancia Aduanera (Customs) who tried to board a local pleasure boat in British waters.

Monday, August 31st 2015 - 06:43 UTC

Uruguayan youngster faces Dutch challenge

Dutch Champions PSV persuaded 20-year old Pereiro to sign a 5-year contract last July. In the picture with Patrick Watts

By Patrick Watts in Eindhoven. - 20 year old Uruguayan sensation Gaston Periero is loving every minute of his new footballing career in the city of Eindhoven, where he now plays for the Netherlands Champions PSV before crowds of 50,000 fanatical supporters.

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