Politics

Politics
Friday, October 17th 2014 - 07:17 UTC

ARSAT-1 is Argentina's first designed and developed geostationary satellite

The launching took place in French Guiana base Kourou on an Arianne 5 rocket

The ARSAT-1 is Argentina first domestically designed and developed geostationary communications satellite, and its construction and successful launching, on Thursday, was defined by the government as “historic.”

Friday, October 17th 2014 - 07:01 UTC

IDB loan for a 48.6 MW wind farm to be developed by Uruguay's private sector

Currently, roughly 45% of Uruguay's power capacity is hydroelectric; 38% thermoelectric plants and the remaining 17% renewable energy

The Inter-American Development Bank (IDB) has approved a loan of up to 42.2 million dollars to help the private sector in Uruguay finance the development, construction, operation and maintenance of a 48.6 MW wind farm and its associated facilities.

Friday, October 17th 2014 - 06:42 UTC

Falklands' case for self determination at Gibraltar symposium to be addressed by several academics

Falklands Chief Justice Christopher Gardner QC will close the symposium and sum up the proceedings

A two day symposium entitled “Self-determination, devolution and independence in the 21st century” was opened on Thursday by Gibraltar's Deputy Chief Minister Dr Joseph Garcia at the Garrison Library in the Rock.

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.

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