Politics

Politics
Tuesday, September 2nd 2014 - 08:40 UTC

Bachelet announces stimuli program for the foundering Chilean economy

“These measures are designed to strengthen and invigorate public investment in the four months that remain in this year,” the president said.

President Michelle Bachelet presented on Monday a 500 million dollars emergency plan to try and rejuvenate Chile's slowing economy via investment promotion. She added that half of the anticipated funding will come from adjustments to the budget while the rest will come from greater structural income from a tax reform that Congress is expected to approve soon

Tuesday, September 2nd 2014 - 08:36 UTC

Dragui and Hollande agree to spur demand and head off the risk of deflation

The two men, who met on Monday in Paris for talks, share the same “worry about growth and inflation” in Europe

French President Francois Hollande and Mario Draghi the head of the European Central Bank (ECB) have agreed that European demand must be lifted to head off a risk of deflation, French officials said.

Tuesday, September 2nd 2014 - 07:43 UTC

Falklands/Malvinas issue to be addressed by Mercosur parliament 11 November

The Parlasur delegation with their host Julian Dominguez, president of the Lower House, during the visit to the Argentine congress

The Mercosur Parliament, Parlasur will be holding a special session next 11 November in Montevideo dedicated to the Falklands/Malvinas Islands sovereignty issue, it was announced this Monday in Buenos Aires during a visit of a delegation from the regional legislative to the Argentine congress.

Tuesday, September 2nd 2014 - 07:19 UTC

UK announces plans to strip suspected Islamist militants of their passports

“We have all been shocked and sickened by the barbarism we have witnessed in Iraq this summer,” Cameron told parliament.

UK Prime Minister David Cameron announced plans to strip suspected Islamist militants of their passports temporarily, to combat the threat posed by radicalized Britons returning from Syria and Iraq.

Tuesday, September 2nd 2014 - 07:01 UTC

Controversy in Uruguay over transfer of Guantanamo prisoners, before or after October election

Ambassador Reynoso said that the US does impose a date for the transfer, although it is preferable it happens before Mujica steps down

US ambassador in Montevideo, Julissa Reynoso said that Washington “does not impose a date” for the transfer and arrival of the Guantanamo prison detainees to be accepted by Uruguay, but admitted that the ideal would be for this to happen before the end of President Jose Mujica's mandate next March first.

Tuesday, September 2nd 2014 - 06:57 UTC

Interreligious soccer match had Maradona as one of the outstanding stars

“Today two powers were brought together, the hand of God and that of the Pope,” Maradona said.

Diego Maradona and Roberto Baggio were among a host of former soccer stars who played in an interreligious charity match backed by Pope Francis on Monday night. The Argentine pope, an avid soccer fan, did not attend the match but had an audience with both teams earlier in the day and also broadcast a message on the big screens at Rome's Olympic Stadium ahead of kickoff.

Tuesday, September 2nd 2014 - 00:18 UTC

Ukraine's Next Crisis? Economic disaster

 The Ukrainian military's showdown with separatists in the industrial east has forced coal mines to severely cut production or close down entirely

Ukraine's next crisis will be a devastatingly economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, furthering weakening the energy sector by crippling coal-based electricity production.

Monday, September 1st 2014 - 16:44 UTC

EU support for dairy farmers to alleviate Russian restrictions on imports

The Private Storage Aid for butter and SMP covers daily costs of storing these products for 3-7 months. The support is until the market improves.

The European Commission opened Private Storage Aid for butter, Skimmed Milk Powder (SMP) and certain cheeses in order to alleviate the impact of Russian restrictions on imports of EU dairy products and to limit the negative effects on the internal market.

Monday, September 1st 2014 - 15:47 UTC

IMF supports Lagarde despite investigation for negligence in France

Ms Lagarde was placed under formal investigation by the French authorities last Wednesday. She described the case against her as “without merit”.

The International Monetary Fund (IMF) has expressed confidence in its leader Christine Lagarde, despite her being investigated for negligence in France. Ms Lagarde, 58, has been questioned about her role in awarding compensation to businessman Bernard Tapie in 2008, when she was Minister of Finance.

Monday, September 1st 2014 - 14:05 UTC

Ascending Marina Silva ties with Dilma and polarizes the 5 October election

Silva has surged to 34% support from 21% in a previous Datafolha poll conducted before she launched her candidacy

Presidential candidate Marina Silva has widened her lead over President Dilma Rousseff to 10 percentage points in what could be a likely runoff in Brazil's October election, a survey by polling firm Datafolha showed on Friday.

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