President Cristina Fernández spoke out against the US refusal to discuss Argentina’s dispute with the so-called ‘vulture funds’, (and its inclusion in the final declaration) during the G-20 meeting in Moscow, Russia.
With a busy agenda prior to her G20 Summit address, Argentine President Cristina Fernández renewed her criticism of so called world powers’ protectionism and warned about a “crisis of the multilateral system” both in the economic and political arenas.
FAO Food Price Index dropped for the fourth month in a row in August reaching its lowest level since June 2012. The index, which measures the monthly change in the international prices of a basket of food commodities, averaged 201.8 points in August 2013, nearly 4 points (1.9%) below its July value and 11 points (5.1% less than in August 2012.
The European Central Bank said it was ready to cut interest rates or pump more money into the Euro zone economy if necessary to bring money market rates down and help the Euro zone's economic recovery. ECB chief Mario Draghi said the policymaking Governing Council did discuss a possible rate cut at its monthly meeting, partly due to concern about money market rates and the uncertain very green nature of the recovery.
Britain’s relationship with Spain could be damaged by the ongoing dispute over Gibraltar, Europe Minister David Lidington warned. Lidington told the Financial Times there was a danger the row would overshadow all other parts of the Anglo-Spanish relationship. “There is clearly a risk that this will cloud the bilateral relationship,” he said.
Falkland Islands lawmaker Ian Hansen together with political leaders of another seven UK Overseas Territories will be in Gibraltar to celebrate National Day next week, 10 September.
Iran's trade with Argentina grew last year while trade with Brazil declined, according to an analysis by online business publication Latinvex based on data from the IMF. Iran's total trade with Latin America grew by 0.9% to 4 billion dollars in 2012. Brazil and Argentina still dominate Iran's trade with Latin America, accounting for 93% of the region's total trade with the Persian country.
South Africans working at the British Overseas Territory of St Helena airport have gone on strike, in what is thought to be the first industrial action on the island in half a century, according to the local news. It is understood they are in dispute over employment terms and conditions.
After arriving in Russia for the two-day G20 summit, Argentine President Cristina Fernández stressed she will be addressing the “vulture funds issue” during the summit despite the US rejected to mention it in the final statement.
International Olympic Committee President Jacques Rogge said his organization and future games hosts must overcome the challenge of convincing the wider public about the benefits of staging sports’ biggest event.