Politics

Politics
Thursday, May 12th 2016 - 17:37 UTC

Temer acting president of Brazil after a 55/22 Senate vote to impeach Rousseff

The impeachment process was supported by 55 Senators, which is one more than the two thirds, 54, needed to definitively remove Rousseff

After 20 hours of debate, a clear majority in the Brazilian Senate voted on early Thursday morning to suspend Brazilian President Dilma Rousseff, an action that removes her temporarily from office and sees her replaced by interim vice-president Michel Temer during her impeachment trial, which in 180 days could see her successor become full president until January 2019.

Thursday, May 12th 2016 - 08:53 UTC

Goldfajn considered the most probable candidate for Brazil's central bank

Goldfajn, chief economist with Itau Unibanco, is almost certain to be picked for the central bank, but the final decision rests on Finance Minister Henrique Meirelles

Brazil's Vice President Michel Temer could wait until June to appoint a new central bank chief if he takes over the reins of power this week, as part of a gradual transition to replace the bank's eight-member board, his spokesman said on Wednesday.

Thursday, May 12th 2016 - 08:37 UTC

Senate votes to remove Rousseff, but the target number is 54, two thirds of the upper house

In a marathon session of speeches, 41 of the 81 senators had indicated by the early hours of Thursday morning that they would vote to put Rousseff on trial

A clear majority of Brazil's Senate indicated on Thursday it will vote to put President Dilma Rousseff on trial for breaking budget laws, signaling the end of 13 years of rule by the populist Workers Party in Latin America's largest nation.

Thursday, May 12th 2016 - 08:21 UTC

St. Helena airport certified, which brings opening day closer

St Helena’s first Aerodrome Certificate is valid until 9 November 2016, at which point the Airport will need to be re-certified.

British Overseas Territory St. Helena achieved a major milestone on Tuesday when Air Safety Support International (ASSI) issued an Aerodrome Certificate to brand new St Helena Airport - having been satisfied that the Airport infrastructure, aviation security measures and air traffic control service complies with international aviation safety and security standards. This follows a final inspection of the Airport by an ASSI team last month.

Thursday, May 12th 2016 - 04:42 UTC

EU and Mercosur exchanged market access offers; beef and ethanol excluded as 'sensitive' products

Negotiators, for EU Trade Commissioner Cecilia Malmström and for Mercosur, Uruguay's foreign minister Rodolfo Nin Novoa, made the exchange in Brussels

Trade Commissioner Cecilia Malmström and the Foreign Affairs Minister of Uruguay Rodolfo Nin Novoa, on Wednesday exchanged EU and Mercosur offers on access to their respective markets of goods, services and establishment and government procurement. However this first exchange excluded 'sensitive' items such as beef and ethanol, according to EU sources. The details of the documents exchanged were not made public.

Thursday, May 12th 2016 - 04:06 UTC

Malcorra/Hammond meet in London: Falklands and confidence building mechanisms in a long agenda

Malcorra is accompanied by Fulvio Pompeo, Secretary for Strategic Affairs from Argentina's presidency, and a very close advisor to president Mauricio Macri.

Argentina's foreign minister Susana Malcorra will be in London this Thursday to attend a global summit on combating corruption, and is expected to meet with her peer Philip Hammond, and probably address the Falklands issue, according to Argentine official sources. Malcorra is accompanied by Fulvio Pompeo, Secretary for Strategic Affairs from Argentina's presidency, and a very close advisor to president Mauricio Macri.

Wednesday, May 11th 2016 - 14:27 UTC

UK and Gibraltar recognized the vital importance of the EU referendum and the Remain vote

Hammond, the first foreign secretary to visit Gibraltar since 2009, spent a full day of talks in the Rock and met with Chief Minister Fabian Picardo

Foreign Secretary Philip Hammond and Gibraltar's Chief Minister Fabian Picardo underlined on Wednesday the importance of remaining in a reformed European Union, stronger, safer and better off, both for the UK and Gibraltar. The joint statement comes ahead of the June 26 Brexit vote, which for Overseas Territories a 'Leave' victory could be 'catastrophic', according to statements from Gibraltar and Falklands' representatives

Wednesday, May 11th 2016 - 14:03 UTC

Panama Papers are becoming an additional challenge for President Macri

 Judge Casanello suspects a case of “malicious omission” and broadened the Macri accounts request to Uruguay, Brazil, UK and Ireland

Argentine Federal Judge Sebastian Casanello has sent legal requests to Uruguay, United Kingdom, Ireland, Panama and Brazil, and likewise ordered local financial institutions in the country to provide data on the Macri family accounts as part of an ongoing investigation of the Argentine president overseas assets in so called tax havens, which emerged from the latest release of Panama Papers by the International Consortium of Investigative Journalists.

Wednesday, May 11th 2016 - 12:29 UTC

Prominent economists call for global tax transparency arguing poor countries are the biggest losers

The letter's signatories, coordinated by charity Oxfam, include best-selling author Thomas Piketty and 2015 Nobel Prize economics winner Angus Deaton.

New global rules forcing companies to report taxable activities country-by-country publicly have been called for by a group of 300 prominent economists. In a letter to world leaders, the group urges the UK to “take a lead” in the push for more tax transparency and argues that poor countries are the biggest losers from tax havens.

Wednesday, May 11th 2016 - 12:14 UTC

Oil markets on alert: major overhaul in Saudi Arabia´s cabinet and economic policy

Ali al-Naimi has been replaced after more than 20 years in the role by former health minister Khalid al-Falih.

Saudi Arabia's King Salman removed the country's veteran oil minister as part of a broad government overhaul. Ali al-Naimi has been replaced after more than 20 years in the role by former health minister Khaled al-Falih.

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