Politics

Politics
Wednesday, September 2nd 2015 - 00:00 UTC

Obama wants to speed purchase of icebreakers for the Arctic and Russian challenge

U.S. Coast Guard used to have seven icebreakers, but the fleet has dwindled to three vessels, only one of which is heavy duty vessel, the White House said.

President Barack Obama on Tuesday is proposing a faster timetable for buying a new heavy icebreaker for the U.S. Arctic, where quickly melting sea ice has spurred more maritime traffic, and the United States has fallen far behind Russian resources.

Tuesday, September 1st 2015 - 23:52 UTC

Mexico announces postponement of deep-water oil exploration auction

Coldwell said the government will change rules that scared off potential bidders earlier last month, when it only managed to auction only 2 of 14 blocks

Mexico, which has started to open its nationalized oil industry to additional private investment, will postpone auctions for deep-water oil exploration and production contracts and adjust the terms of upcoming tenders after an inaugural oil auction failed to meet the government's modest expectations.

Tuesday, September 1st 2015 - 23:23 UTC

Francis allows priests to forgive the sin of abortion during the Holy Year

“One of the serious problems of our time is clearly the changed relationship with respect to life,” the Pope said in a letter addressed to Archbishop Rino Fisichela

In a new set of pastoral guidelines for the upcoming Holy Year of Mercy Pope Francis has made some significant moves, allowing all priests to forgive the sin of abortion and granting SSPX priests the faculty to forgive sins.

Tuesday, September 1st 2015 - 06:59 UTC

US Appeals Court backs Argentina: sovereign immunity for Central bank funds

Griesa had opened the door for the hedge funds to seize assets of the central bank held in US banks in lieu of payment.

A US appeals court supported Argentina's appeal Monday against an earlier ruling that could have permitted a group of creditors to seize assets of Argentina's central bank.

Tuesday, September 1st 2015 - 06:36 UTC

Brazil presents 2016 budget and Real drops to a 12-year low against the dollar

The budget plan calculates inflation of 5.4% next year and anaemic GDP growth at 0.2%.

Brazil's government presented a 2016 budget Monday that for the first time projects the world's seventh largest economy operating in the red, sparking worries that the country's investment grade rating will be put at risk.

Tuesday, September 1st 2015 - 06:26 UTC

Rolls Royce cooperating with Petrobras corruption investigators

“We are cooperating with investigating authorities in Brazil but are unable to comment further on a continuing investigation,” a Rolls-Royce spokesman said

Britain's Rolls-Royce is cooperating with investigators in a massive corruption scandal at Brazilian state oil giant Petrobras, a spokesman said. The engineering company confirmed it had been contacted by investigators involved in the probe, which has engulfed Brazil's political and business establishment amid allegations of a massive kickbacks scheme.

Tuesday, September 1st 2015 - 06:17 UTC

Guatemalan president holds on: congress to vote this week on his removal

“I reiterate yet again my position on the allegations made by the prosecution, and it is that I am completely calm,” Otto Pérez told a press conference.

Guatemalan President Otto Perez said on Monday he is calm and confident he has done nothing wrong, as lawmakers debated stripping his immunity and forcing him to face prosecution on corruption charges.

Tuesday, September 1st 2015 - 03:58 UTC

Malvinas Argentine veterans demand justice of abuse suffered at the hands of their officers

Led by CECIM president, Ernesto Alonso, the ongoing case was submitted to the Inter American Human Rights Commission earlier this year

Argentine Veterans from the 1982 Malvinas war will continue to voice their condemnation of abuse suffered at the hands of their superior officers as a legal team reiterate their demands for recognition and justice before federal courts in Río Grande on Monday.

Monday, August 31st 2015 - 07:34 UTC

Argentine opposition agree on reform but not on an electoral alliance

Sergio Massa ruled out the possibility of establishing a broader alliance ahead of October’s elections with Buenos Aires City mayor Mauricio Macri.

Argentine opposition presidential candidates despite the encouraging mathematics which emerged from early August primaries, and despite having sat at the same table to call for electoral reform, insisted that any ongoing cooperation between the two rival candidates on electoral matters should not be confused with an electoral alliance.

Monday, August 31st 2015 - 07:22 UTC

Lacking congressional support Rousseff discards reinstating financial transactions tax

Sao Paulo newspapers said Rousseff abandoned the proposal because it realized there was no time to win its approval in Congress

President Dilma Rousseff has dropped the idea of reinstating a tax on financial transactions to bridge a gaping fiscal deficit in Brazil after it ran into a barrage of criticism even from within her coalition, Brazilian media reported on Sunday.

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