International

Saturday, May 31st 2014 - 06:42 UTC
IMF and Argentina/Paris Club deal: “we hope they continue that process”

IMF managing director Christine Lagarde touring east Africa, on Friday cautiously welcomed steps taken by Argentina to settle a decade-old falling out with creditors, following a 9.7bn dollars five year repayment deal reached this week.
Saturday, May 31st 2014 - 06:25 UTC
Hedge funds' lobby praise Argentina/Paris Club deal; calls for talks with private creditors

Following Argentina's agreement to resolve its 9.7bn debt to Paris Club member nations within five years, American Task Force Argentina co-chairs Robert Shapiro and Ambassador Nancy Soderberg have declared their support for Argentina's pledge to act responsibly and encouraged the Argentine government to go further.
Friday, May 30th 2014 - 22:11 UTC
End protests against the World Cup, “whatever money has gone has been spent or stolen already”

The grand-daughter of former FIFA president Joao Havelange has stepped into the war of words over Brazil's World Cup preparations unabashedly telling protestors angry at the tournament's massive budget to get over it because some money had already been “spent” or “stolen” or “robbed.”
Friday, May 30th 2014 - 22:02 UTC
Brazuca ball less erratic than the Jabulani used at South Africa, say Japanese scientists

Scientists in Japan say the Brazuca 2014 World Cup ball will be less erratic than the Jabulani used at South Africa 2010. The Brazuca is the 12th World Cup match ball designed by Adidas. The Jabulani was criticized for its light weight and unpredictability.
Friday, May 30th 2014 - 05:28 UTC
Argentina can resume business with country export credit agencies, following Paris Club deal

Argentine president Cristina Fernandez praised on Thursday the agreement reached with Paris Club creditors and said that the government will now turn to international credit markets to finance “infrastructure, development, and technology.”
Friday, May 30th 2014 - 05:11 UTC
France praises Argentina's agreement with Paris Club and normalization efforts

French Finance Minister Michel Sapin praised Argentina’s agreement with Paris Club creditors, saying it highlights the country’s effort to “normalize its relations with creditors.”
Friday, May 30th 2014 - 00:58 UTC
UN honors the 'long and proud history' of one million UN peacekeepers

Hailing the “long and proud” history of United Nations peacekeeping – with over one million “blue helmets” having served in more than 70 operations on four continents since 1948 – Secretary General Ban Ki-moon led the Organization on Thursday in honoring those men and women who lost their lives in the past year, while looking to the future, envisioning a modern, global force that can effectively tackle emerging peace and security challenges.
Thursday, May 29th 2014 - 06:35 UTC
Argentina and Russia ratify close links; Moscow reaffirms Malvinas claim support

Argentina was formally invited to take part in a BRICS summit to be held in Brazil next month. The Kremlin also ratified support to Buenos Aires in its long-standing dispute with the UK over the sovereignty of the Malvinas Islands.
Thursday, May 29th 2014 - 05:37 UTC
Argentina announces an understanding with the Paris Club on defaulted debt

Following twelve hours of discussions the Argentine delegation headed by Economy Minister Axel Kicillof managed on Wednesday to agree the main points for Argentina to overcome the approximately 9.5bn dollars default with countries that make up the Paris Club, according to late reports from the French capital.
Thursday, May 29th 2014 - 02:45 UTC
WHO calls on countries to raise taxes on tobacco to prevent addiction

On World No Tobacco Day (31 May), WHO calls on countries to raise taxes on tobacco to encourage users to stop and prevent other people from becoming addicted to tobacco. Based on 2012 data, WHO estimates that increasing tobacco taxes by 50%, all countries would reduce the number of smokers by 49 million within the next three years and ultimately save 11 million lives.