Organization of American States, OAS, Jose Miguel Insulza has suggested the participation of 'outside players' in Venezuela to try and lower the pressure and consequences of the current situation in the country. Insulza made the suggestion in a letter published by several newspapers from the region, but underlining that it is Venezuelans that must reach an understanding to overcome the situation.
A widespread slowdown in global economic productivity is threatening to usher in a new low-growth era, the Organisation for Economic Cooperation and Development has warned.
Spanish oil major Repsol said Friday that, as part of a preliminary compensation deal struck last year with the Argentine government for the seizure of its former unit, YPF, it will take a charge of 1.28 billion Euros (1.76 billion dollars) on its 2013 earnings.
Pope Francis received Friday in a private audience Brazilian President Dilma Rousseff, who formally invited the Argentine pontiff to visit her country during the World Cup soccer championship, which begins June 12.
Barcelona have been charged by a Spanish court with committing tax fraud in the signing of Brazil forward Neymar last year in the latest twist to a saga that has already claimed the scalp of the club president.
On her way to South Africa and the South Atlantic islands of Falklands and South Georgia, the Royal Navy's Atlantic patrol HMS Portland after a brief stop at the port of Mindelo sailed back out to sea with a boarding team from Cape Verde embarked.
UK Chancellor George Osborne said next month’s Budget will continue to confront Britain’s problems as he cautioned the recovery was “not yet secure” despite a recent surge in growth.
The Scottish government will be given power to issue its own investment bonds, UK ministers have announced. The move will give the Holyrood administration an extra source of financing when it gets new borrowing powers, in 2015. Chief Secretary to the Treasury Danny Alexander called the move historic.
Struggling French carmaker PSA Peugeot Citroen has sealed a long-awaited rescue deal that will see its founding family cede control of the company. China's Dongfeng Motors and the French government will each invest about 800m Euros in return for 14% stakes. Another 1.4bn Euros will be raised from existing investors in Peugeot.
Advanced economies, including the United States, must avoid pulling back stimulus too quickly given the weak global economic recovery and recent market volatility highlights key risks in some emerging markets, the International Monetary Fund said on Wednesday.