International

• Tuesday, July 8th 2014 - 07:01 UTC

  FIFA hospitality's provider arrested over World Cup tickets scalping

  

  Rio do Janeiro state police said Monday they arrested the head of the soccer world governing body's hospitality provider, accusing him of aiding scalpers who illegally resold World Cup tickets worth an estimated 100 million dollars.

• Monday, July 7th 2014 - 23:42 UTC

  China economy with moderate growth in medium term, says World Bank

  

  China’s growth will moderate over the medium term as the economy continues to rebalance gradually. Growth is expected to slow to 7.6% in 2014, and 7.5% in 2015, from 7.7% in 2013, according to the World Bank’s China Economic Update latest edition.

• Monday, July 7th 2014 - 23:09 UTC

  ECLAC sides with Argentina; calls for Collective Action Clause for sovereign debts

  

  The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, has sided with Argentina in the holdout hedge funds litigation arguing on the need to establish an international mechanism that would allow for the resolution of conflicts of interest caused by sovereign defaults:

• Monday, July 7th 2014 - 22:49 UTC

  FAO/WHO elaborating new guidelines for identifying food-borne parasites

  

  A “Top Ten” list identifying the food-borne parasites of greatest global concern has been released by FAO, and new guidelines are being developed to control them. The parasites affect the health of millions of people every year, infecting muscle tissues and organs, causing epilepsy, anaphylactic shock, amoebic dysentery and other problems. Some can live on in our bodies for decades.

• Monday, July 7th 2014 - 22:42 UTC

  FAO food price index down for third month running: plenty of corn and wheat

  

  The FAO Food Price Index was down for a third consecutive month in June, a decline mostly influenced by lower wheat, maize and palm oil prices that reflected ample supplies and improved global production prospects for these commodities.

• Monday, July 7th 2014 - 22:31 UTC

  Francis 'humbly' asks for forgiveness from victims of 'clerical sexual abuse'

  

  Pope Francis on Monday morning “humbly” asked six clerical sex abuse victims for forgiveness for the “grave crimes of clerical sex abuse” committed against them. The Pope made his comment to the victims in a homily delivered at mass in the Domus Santa Marta, his Vatican residence.

• Monday, July 7th 2014 - 22:09 UTC

  Stricter controls in airports: charge cell-phone next time you fly to the US

  

  The United States is tightening border controls so that if your cell-phone is out of power the next time you fly to the US from overseas, you might have to leave it behind.

• Monday, July 7th 2014 - 07:26 UTC

  Uruguay Vice-president and Latam UN ambassadors claim US justice took sides

  

  Latin American ambassadors to the United Nations (UN) and Uruguay's Vice-president Danilo Astori showed their support to Argentina in its dispute against holdout hedge funds. They agreed that the so-called 'vulture funds' are a risk to debtor nations and that they pose a threat to the region.

• Monday, July 7th 2014 - 07:10 UTC

  Lagarde cautious about growth momentum; infrastructure investment needed

  

  Global economic activity should strengthen in the second half of the year and accelerate in 2015, although momentum could be weaker than expected, IMF chief Christine Lagarde said, hinting at a slight cut in the Fund's growth forecasts.

• Monday, July 7th 2014 - 06:50 UTC

  World Cup tickets resale and investigation becomes major scandal for FIFA

  

  World football governing body FIFA has revealed that the son of Argentina Football Association (AFA) president Julio Grondona, Humberto, must present a report explaining his actions following a scandal over the resale of tickets at the 2014 World Cup.