Politics

Politics
Friday, October 17th 2014 - 06:15 UTC

Venezuela celebrates Security Council seas as “a victory of Hugo Chavez”

”This is the victory of Hugo Chavez. He keeps winning battles in the world (...) It's a day in which the world has supported our fatherland,” said Maduro

Venezuela celebrated on Thursday as a great diplomatic success “and a victory of Hugo Chavez”, having been voted by the UN General Assembly to join the Security Council for two years as a non permanent member.

Friday, October 17th 2014 - 06:04 UTC

Angola, Malaysia, New Zealand, Venezuela and Spain join the Security Council

The new members will serve on the Council until 31 December 2016.

In three rounds of voting on Thursday the United Nations General Assembly elected Angola, Malaysia, New Zealand, Spain and Venezuela to serve as non-permanent members on the Security Council for two-year terms beginning on 1 January 2015.

Thursday, October 16th 2014 - 07:45 UTC

Brazilian presidential runoff in a neck to neck technical tie

The two candidates have ten exhausting days before Election Day

Brazilian president Dilma Rousseff and her challenger Senator Aecio Neves for the 26 October runoff, are technically tied according to the latest public opinion poll released by Datafolha, which so far has shown to be one of the most reliable pollsters.

Thursday, October 16th 2014 - 07:40 UTC

September inflation in Argentina: anywhere between 1.4% and 2.48%

On an annual basis the 'congressional index' soared to over 41% in September

Argentina's inflation during September reached 1.4% and accumulates 19.8% in the nine months according to the latest release from the government stats office Indec. However earlier in the week the Freedom of Expression committee from the Lower House which regularly announces the average of private analysts, (identified as the congressional index), said the consumer price index for the ninth month of the year was 2.48% and 41.6% in the last twelve months.

Thursday, October 16th 2014 - 07:30 UTC

Venezuela 'ripe' for default on foreign debt forecast Reinhart and Rogoff

The world-renowned economists wrote that the Venezuelan economy had been so badly mismanaged that GDP per capita was two per cent below 1970 levels

Venezuela will almost certainly default on its foreign debt, according to Harvard economists Carmen Reinhart and Kenneth Rogoff. They add that the beleaguered Latin American economy has already defaulted on “every conceivable kind of domestic debt”.

Wednesday, October 15th 2014 - 23:44 UTC

Much mud-slinging but no definitive KO in Dilma/Neves first round of debates

Rousseff recalled that in Neves home state of Minas Gerais, where he was twice governor, there has been a sharp rise in homicides and was heavily indebted.

Brazilian President Dilma Rousseff and rival presidential candidate Aecio Neves have clashed over corruption and the state of the economy in the first of a series of televised debates ahead of the second round of presidential elections. 26 October.

Wednesday, October 15th 2014 - 23:36 UTC

Brazil will rise fuel prices to help government managed debt-laden Petrobras

The government has not allowed Petrobras to raise domestic fuel prices in line with international prices, forcing the company to sell imports at home at a loss.

Brazil will maintain plans to raise domestic fuel prices this year, despite a sharp drop in international crude oil prices, to help debt-laden state-run oil company Petrobras, a government source said this week.

Wednesday, October 15th 2014 - 10:24 UTC

Open debate in the Vatican: conservative bishops disagree with “gay approach”

In a dramatic change in tone from past condemnatory language, it said the Church should challenge itself to find “a fraternal space” for homosexuals

Conservative Roman Catholic prelates have vowed to change a controversial Vatican document that held out the possibility of a major shift in the Church's attitude towards homosexuals.

Wednesday, October 15th 2014 - 08:53 UTC

Chile convinced of the Mercosur/Pacific Alliance 'convergence' led by Brazil

“Convergence in diversity”, argued Rebolledo who is participating in bilateral trade and economic affairs meeting between Chile and Brazil

Chile is confident that in coming months there will be 'significant' advances in a convergence of the Pacific Alliance and Mercosur, said Andres Rebolledo, Chile's Deputy Trade minister during a visit to Brazil.

Wednesday, October 15th 2014 - 08:28 UTC

Germany insists with a 2015 balanced budget despite slower growth forecast

“Germany's stance is important. If we stray from our path then that gives grounds for others to do the same,” said Merkel at a party conference

German Chancellor Angela Merkel on Tuesday rejected calls for Berlin to ditch its plans for a balanced budget next year and to instead invest more in order to shore up the faltering German and Euro zone economies. On Tuesday Germany slashed its 2014 growth forecast from 1.8% to 1.2%.

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