Wednesday, August 26th 2015 - 16:38 UTC

Chevening scholarships for 31 professionals from Uruguay

Ambassador Ben Lyster-Binns during the announcement ceremony at the British embassy

A record of 31 professionals from Uruguay have been awarded with Chevening scholarships to study courses in different disciplines in the United Kingdom. Chevening are UK government’s global scholarship program, funded by the Foreign and Commonwealth Office and partner organizations, such as Uruguay's research and innovation office, ANII.

Wednesday, August 26th 2015 - 07:02 UTC

“Using cheap money to tackle economic problems rather than reform must stop”

Rajan who accurately predicted the global financial crisis warned that more intervention by central banks now risked doing “more harm than good”

Central banks are under too much pressure to fix struggling economies, according to the man in charge of India's monetary policy. Reserve Bank of India governor Raghuram Rajan hinted that using cheap money to tackle economic problems - rather than painful reform - had to stop.

Wednesday, August 26th 2015 - 06:08 UTC

China gives banks more leeway and pumps liquidity to the system

The People's Bank of China (PBOC) said on its website that it was lowering the one-year benchmark bank lending rate by 25 basis points to 4.6%.

China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe.

Wednesday, August 26th 2015 - 05:47 UTC

Blatter says he is 'clean' and denies systematic bribery in FIFA

“FIFA is not corrupt. There’s not general organized corruption” said Blatter, ”there's no corruption in football, there's corruption with individuals”

With FIFA reeling from the most damaging corruption crisis in its 111-year history, (14 FIFA officials and marketing executives were indicted by US justice authorities in May over a $150 million bribery scandal), Sepp Blatter denied that FIFA was corrupt to the core.

Tuesday, August 25th 2015 - 20:31 UTC

Falklands' air defenses bolstered with Saab-built Giraffe AMB radars

The MoD confirmed in the first quarter of the year it was upgrading Falkland's air defenses including mandating the use of the Giraffe in the update.

Britain has ordered additional Saab-built Giraffe AMB radars to bolster ground-based air defenses on the Falkland Islands against a possible future threat from Argentina, reports Defense News. The Swedish company announced on 24 August that it had received an order valued at 610 Swedish krona million ($74 million dollars) from the UK Ministry of Defense for the supply of new radars and the upgrade of existing systems.

Tuesday, August 25th 2015 - 20:13 UTC

Rousseff planning to cut 10 of 39 ministries as commitment to austerity

Since taking office in 2003, the Workers' Party has bloated the number of ministries in Brasilia from 26 to 39 to ensure political support from the coalition

Brazil's government announced on Monday it will slash the number of ministries and reduce its spending, in an effort to show commitment to austerity that could be politically costly for President Dilma Rousseff.

Tuesday, August 25th 2015 - 15:01 UTC

Over 700 Cuban doctors working in Venezuela have fled across to Colombia

Brandishing their diplomas, the Cuban health professionals congregated in a plaza in Kennedy, a working-class neighborhood built in the 1960s

Deteriorating conditions in Venezuela are causing increasing numbers of Cuban medical personnel working there to immigrate to the United States under a special US program launched in 2006 that expedites their applications.

Tuesday, August 25th 2015 - 14:48 UTC

Rousseff ever more lame: VP Temer to drop as political coordinator

Temer is an important ally of Rousseff and his decision will further complicate the unpopular president, who is facing calls for her resignation or impeachment

Brazilian Vice President Michel Temer has decided to drop his role as day-to-day political coordinator in Congress for President Dilma Rousseff but is not leaving her government, two sources in the administration said on Monday.

Tuesday, August 25th 2015 - 14:43 UTC

Brazil's electoral authority investigating funding of Rousseff's presidential campaign

Gilmar Mendes said a 17-month investigation found evidence that Rousseff’s Workers’ Party (PT) was indirectly funded by money stolen from Petrobras.

The vice-president of Brazil’s TSE electoral authority has asked for an investigation of President Dilma Rousseff’s 2014 re-election campaign, citing evidence that it may have been financed with money from a corruption scheme at state-run oil firm Petrobras.

Monday, August 24th 2015 - 11:05 UTC

UK reopens embassy in Teheran and Iran in London; initially at chargé d'affairs level

At the ceremony Hammond said the attack in 2011 had been “a low point” but since the election of President Rouhani things had “steadily improved” (BBC pic)

The British embassy in Iran has reopened, nearly four years after it was closed. Foreign Secretary Philip Hammond attended a ceremony on Sunday in Teheran with Iranian diplomats to mark the reopening while Iran has also reopened its embassy in London.


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