Politics

Politics
Tuesday, August 26th 2014 - 07:18 UTC

Vatican downplays threats on the life of Francis: avoid creating “a climate of terror”

A Roman daily quoting Italian and Israel secret service sources, said that Pope Francis has become a target of the Islamic States

Speaking with Argentina TV stations, Vatican Chief of Ceremonial, Guillermo Karcher played down the threats against Francis saying that “the Pope is not giving substance” to the reports. He explained that the Vatican security measures have not been increased since there has been “no official” threat.

Tuesday, August 26th 2014 - 07:14 UTC

UK embassy apologizes for a cake 'commemorating' torching of White House

British troops in 1814 led by Maj Gen Robert Ross, attacked and burned public buildings including the Capitol, Washington Navy Yard and the White House

The British embassy in Washington has apologized after tweeting a picture of a White House cake surrounded by sparklers, “commemorating” the burning of the building 200 years ago.

Tuesday, August 26th 2014 - 06:53 UTC

Scotland's leader wins the pro independence debate, according to The Guardian

Salmond accused Darling, a former Chancellor of the Exchequer in a Labor government, of being “in bed with the Tories”.

Campaign leaders clashed over Scotland's future in a lively final TV showdown on Monday, with the pro-independence side counting on a knock-out blow to vault a stubborn gap in the polls.

Tuesday, August 26th 2014 - 06:48 UTC

Argentine tax office requests arrest of US company directors for 'fraudulent bankrupcy'

All the data on the 'fraudulent' bankruptcy has been given to the CNV which this week will be presenting them to the US SEC, said Echegaray

Argentina's tax office, AFIP, Federal Public Incomes Administration president Ricardo Echegaray announced it had requested the arrest of the Donnelley board of directors for what he called “playing a trick and inventing a fraudulent bankruptcy” for the printing plant located in Buenos Aires province.

Tuesday, August 26th 2014 - 06:42 UTC

Soros group and others file lawsuit against BONY over payments in Euros

The plaintiffs in the latest lawsuit which includes Soros, hold more than €1.3 billion in Argentine debt.

A group of hedge funds, including George Soros’s Quantum Partners and J. Kyle Bass’s Hayman Capital, is seeking a 226 million Euro interest payment on Argentine bonds from Bank of New York Mellon, BONY, that was blocked by a United States judge last month.

Tuesday, August 26th 2014 - 06:35 UTC

Argentina will appeal WTO ruling against the use of import restrictions

 Deputy minister Emmanuel Alvarez confirmed the dispute with WTO but said that “Argentine customs are not closed, but looked after”.

Argentina will appeal a World Trade Organization ruling against its use of import restrictions, according to a senior Argentine official. On Friday a WTO dispute panel found against Argentina in a 2012 case brought by the United States, the European Union and Japan relating to Buenos Aires licensing rules used to restrict imports.

Tuesday, August 26th 2014 - 01:47 UTC

French government and opposition in disarray; Euro austerity biting

Prime Minister Manuel Valls had handed in his government's resignation, opening the way for a reshuffle just four months after it took office.

French President Francois Hollande asked his prime minister on Sunday to form a new government, looking to impose his will on the cabinet after rebel leftist ministers had called for an economic policy U-turn. The surprise move came the day after outspoken Economy Minister Arnaud Montebourg had condemned what he called fiscal “austerity” and attacked Euro zone powerhouse Germany's “obsession” with budgetary rigor.

Saturday, August 23rd 2014 - 07:28 UTC

Argentina: “Cristina, share your fortune with the many impoverished in recent years”

Jose Nun was Culture minister with president Nestor Kirchner and is a much respected intellectual and academic in Argentina

A former cabinet minister of ex-president Nestor Kirchner said he wished that the current head of state, Cristina Fernandez would donate part of her considerable fortune so as to help all those people that have suffered impoverishment in recent years.

Saturday, August 23rd 2014 - 07:02 UTC

Bank of England minutes show some members voted to raise interest rates

However Bank Governor Mark Carney has said that any rise in interest rates would be gradual.

Two members of the Bank of England's Monetary Policy Committee (MPC) voted to raise interest rates in August, the first time in three years that policymakers have done so. The minutes of the meeting on 6-7 August show Ian McCafferty and Martin Weale voted for a 0.25% rise to 0.75%. It means the nine-member MPC voted 7-2 to hold interest rates at their historic low of 0.5%.

Saturday, August 23rd 2014 - 06:50 UTC

Brazil approves port infrastructure works for 1.73bn in Rio and Santos

Santos is one of the country's busiest ports with long queues at times of harvest

Brazil's National Port Authority and Waterways has approved 1.73bn dollars in port infrastructure works to be carried out by three local operators: steelmaker CSN, container terminal operator Santos Brazil and US food and agribusiness firm Archer Daniels Midland Company (ADM).

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