Tuesday, May 17th 2011 - 17:39 UTC

Brazil non automatic import licences on blankets from China and Uruguay

Officials suspect China takes advantage of Uruguay and Paraguay to access the Brazilian textile market

Brazil announced it was imposing non automatic import licences on synthetic fibre blankets from Paraguay, Uruguay and China, according to an official communiqué from the Brazilian Ministry of Development, Industry and Foreign Trade released Tuesday.

Tuesday, May 17th 2011 - 15:42 UTC

Brazil insists with an emerging economy Managing Director for the IMF

Former Brazilian Foreign minister Celso Amorim

Brazil’s former Foreign Affairs minister Celso Amorim said that the next IMF Managing Director must come from an emerging economy if Dominique Strauss-Kahn, currently in custody in New York on alleged rape charges finally looses his job.

Tuesday, May 17th 2011 - 15:21 UTC

Potential candidates to succeed Strauss-Kahn as head of the IMF

Germany’s Angela Merkel wants the job to remain in the hands of a European

Dominique Strauss-Kahn, (DSK) the head of the International Monetary Fund, may be forced to leave his post after being accused of trying to rape a maid in his New York hotel room. IMF is currently under John Lipsky Acting Managing Director.

Tuesday, May 17th 2011 - 05:51 UTC

China ready to increase trade and investments in Brazil but infrastructure lacking

Commerce minister Chen Deming meets counterpart Pimentel

China moved to smooth economic relations with Brazil on Monday, saying it was open to more Brazilian exports and that Chinese firms will broaden their investments in the country.

Tuesday, May 17th 2011 - 01:05 UTC

“Heaven is a fairy story, there is no afterlife” says eminent Stephen Hawking

“I’m not afraid of death but I’m not in a hurry to die”

Heaven is a fairy story for people afraid of the dark, the eminent British theoretical physicist Stephen Hawking said in an interview. Hawking, 69, was expected to die within a few years of being diagnosed with degenerative motor neurone disease at the age of 21, but became one of the world's most famous scientists with the publication of his 1988 book “A Brief History of Time”.

Tuesday, May 17th 2011 - 00:44 UTC

Euro aid package for Portugal approved but private bond holders also involved

Integrated Europe: Lisbon’s rescue conditioned by Helsinki

Euro zone finance ministers approved Monday a three-year, 78-billion Euro emergency loan program for Portugal and said Lisbon would ask private bondholders to maintain their exposure to its debt.

Monday, May 16th 2011 - 20:33 UTC

IMF chief denied bail remains in custody in New York

Strauss Kahn handcuffed in a Manhattan court

IMF Dominique Straus-Kahn, accused of attempting to rape a hotel housekeeper, was ordered held without bail by a New York judge after prosecutors argued he presented a flight risk.

Monday, May 16th 2011 - 16:04 UTC

Plastic made HMS Ramsey mine-hunter heads for the Middle East

The vessel will be away four years and is also equipped for sea bed mapping

A Royal Navy warship that was made from plastic rather than metal to avoid triggering mines was due to set sail to the Gulf from its base at Faslane. HMS Ramsey was made from glass-reinforced plastic so can get near mines where other Navy ships cannot.

Monday, May 16th 2011 - 05:02 UTC

Beijing promises more trade and investments but Argentina must respect Chinese exports

Trade minister Chen Deming also asked for an improved investment environment

China Trade Minister Chen Deming promised to further increase bilateral trade with Argentina which last year reached 13.5 billion US dollars but also asked for reciprocity regarding China’s exports.

Monday, May 16th 2011 - 03:24 UTC

Sarkozy: no support for EU/Mercosur trade deal that cuts farmers’ income

“I can’t accept and will not accept” such an agreement said the French president (Photo AFP)

French president Nicholas Sarkozy stressed over the weekend he would not accept an European Union-Mercosur trade agreement that could mean a loss of income for European farmers.


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