Politics

Politics
Tuesday, March 24th 2015 - 05:08 UTC

Brazilian economy on path to biggest contraction since 1990, says central bank survey

If Central bank's Focus forecast proves accurate the economy which expanded 2.49% in 2013 and 0.2% last year, will post its worst result since GDP contracted 4.35% in 1990.

Financial experts expect Brazil's economy to shrink 0.83% in 2015, its biggest contraction since 1990, and inflation to climb to 8.12%, its highest level since 2003, according to the results of a Central Bank survey released on Monday.

Tuesday, March 24th 2015 - 04:55 UTC

Falklands' defense review full statement from Secretary Fallon expected soon

UK MoD spokesperson was quoted saying that: “there is a defense review and an announcement will be made about it. There will be a full statement by Michael Fallon”.

A statement from UK Defense secretary Michael Fallon relative to the Falkland Islands' garrison is expected sometime this week, according to reports in the British media. The Falklands' military response capacity has been a matter of much ongoing debate among analysts and former officers, as Argentina allegedly is involved in increased military expenditure.

Tuesday, March 24th 2015 - 04:36 UTC

Argentines fly the flag in South Georgia, 33 years ago

ARA Bahía Buen Suceso landed in South Georgia a party of workers on contract to dismantle remains of the whaling station, and on arriving raised the Argentine flag.

Ushuaia daily Diario Fin del Mundo recalls that 33 years ago on 19 March 1982, the Argentine navy transport vessel ARA Bahía Buen Suceso landed in South Georgia a party of workers on contract to dismantle remains of the whaling station, and on arriving raised the Argentine flag. An incident which was to lead to the full-fledged conflict the following month.

Monday, March 23rd 2015 - 22:51 UTC

New Antarctic affairs academic journal, sponsored by ASOC and Agenda Antarctica

<br />
Elsa Cabrera explores the decision of the International Court of Justice (ICJ), ruling on illegal Antarctic whaling carried out by the Japanese government.<br />

The Journal of Antarctic Affairs is the new academic magazine of the Antarctic and Southern Ocean Coalition (ASOC) and Agenda Antarctica. The Journal aims to publish and disseminate the most prominent and influential research in relation to Antarctica by publishing articles, reviews and official documents in both English and Spanish twice a year.

Monday, March 23rd 2015 - 19:55 UTC

UN calls for global unity in pursuit of better water access for all

Ban Ki-moon warned that access to safe drinking water and sanitation was among “the most urgent issues” affecting populations across the globe.

As the perils of climate change increasingly threaten the planet, the international community must unite in “a spirit of urgent cooperation” to address the many water-related challenges facing humanity, United Nations Secretary-General Ban Ki-moon declared on Sunday.

Monday, March 23rd 2015 - 19:43 UTC

Falklands will celebrate Queen's birthday parade April 21st

Also in attendance will be representatives of the Legislative Assembly and the Falkland Islands Government. There will be a fly-past at approximately 10.45.

On Tuesday 21 April the Falkland Islands will be holding a parade to celebrate the birthday of Queen Elizabeth. Contingents from the Royal Navy, Army, Royal Air Force and the Falklands' Defense Force will form at Stanley's Victory Green, reports Gilbert House, seat of the Falklands' elected Legislative Assembly.

Monday, March 23rd 2015 - 17:35 UTC

Swiss prosecutors have uncovered over 300 accounts suspected linked to Petrobras corruption

“We do not tolerate the misuse of the Swiss financial system with corruption or money laundering,” said Swiss Attorney General Lauber

Swiss prosecutors have uncovered over 300 accounts at more than 30 Swiss banks that they suspect are linked to the massive corruption and money-laundering scandal at Brazil's state-run oil company Petrobras.

Monday, March 23rd 2015 - 17:24 UTC

Release in twitter of Nisman's dead body photo further complicates the case

“As Cabinet Chief I have filed a report against Adrian Bastianes over the photos of Nisman,” Fernandez said to Rock Radio

Argentina's Cabinet Chief Anibal Fernández said on Sunday that he has filed an official complaint against attorney Adrian Bastianes, who posted on Twitter a photo of the dead body of AMIA special prosecutor Alberto Nisman, to the Federal Police.

Monday, March 23rd 2015 - 17:20 UTC

Griesa yields: allows Citibank to process interest payments of Argentine law bonds

“Griesa issued said he won’t prevent Citibank from fulfilling its obligations to process interest payments of Argentine law bonds,” Citibank Argentina reported

United States Judge Thomas Griesa finally authorized Citibank Argentina to process interest payments of bonds issued under Argentine law, with a payment deadline on March 31 and on June 30, and to exit its custody business in Argentina.

Monday, March 23rd 2015 - 17:13 UTC

Petrobras corruption scandal reaches New York court: banks will have to explain sale of bonds to US investors

 Itau and Bradesco were book runners on a number of Petrobras bond issues.

Fifteen banks will join Petrobras next week, April 3, in a New York court to explain how they did nothing wrong when selling 98 billion dollars worth of the Brazilian state oil company’s bonds to American investors. Of the 15, lawyers representing the investment banking divisions of Itau and Bradesco will appear before New York judge Jed Rakoff in hopes to escape the scandal.

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