Thursday, January 28th 2016 - 06:49 UTC

Brazil expected to announce massive injection of loans to revive the economy

Barbosa will make the announcement with President Dilma Rousseff as she presides over a meeting of the Council for Economic Development

Brazil’s Finance Minister Nelson Barbosa is expected to announce as much as 60bn Reais (US$15bn) in loans as the government seeks to revive growth amid the worst economic downturn in over a century.

Thursday, January 28th 2016 - 06:28 UTC

Guanabara Bay pollution at the heart of Olympics sailing competition controversy

Andy Hunt took over just two weeks ago as the new CEO, and sailing is still scheduled to begin in August in the sewage-filled Guanabara bay.

The former CEO of World Sailing says he was fired for pushing to get rid of polluted Guanabara Bay as the sailing venue for this year’s Olympics in Rio de Janeiro. Peter Sowrey tried to change the venue, or at least have a “B plan” but says “I was told to gag myself on the subject.”

Thursday, January 28th 2016 - 06:19 UTC

Iran says economic growth crucial to defeating extremism in the Middle East

Underscoring the growing warmth, Rouhani said he expected Italian PM Matteo Renzi to visit Iran in the coming months to help boost bilateral economic alliances. (Pic AFP)

Generating economic growth in the Middle East is crucial to defeating extremism, Iranian President Hassan Rouhani said putting forward his country as a regional trade hub and pillar of stability. Rouhani is on a four-day trip to Italy and France, looking to rebuild Iranian relations with the West some two weeks after financial sanctions on Tehran were rolled back following the implementation of its nuclear deal with world powers.

Thursday, January 28th 2016 - 06:02 UTC

HMS Protector in New Zealand as part of her Southern Ocean patrol

Protector conducted a five week fisheries patrol in the Southern Ocean and was the first Royal Navy vessel in 80 years to visit the East Antarctic and Ross Sea regions

HMS Protector has arrived in Christchurch, New Zealand, as part of her historic Southern Ocean patrol. The arrival of the specialist ice patrol ship marks the close cooperation that exists between the UK and New Zealand in upholding the conservation rules of the Antarctic Treaty System and to protect the Southern Ocean from illegal fishing activities.

Thursday, January 28th 2016 - 05:50 UTC

Airlines offering refunds to passengers booked to fly to countries with Zika cases

BA said pregnant customers with flights to Sao Paulo and Rio de Janeiro in Brazil, or to Mexico City or Cancun (Mexico), could change their booking free of charge

Some airlines, including those serving the Caribbean, have started offering refunds to passengers who had been booked to fly to countries where cases of the Zika virus have been confirmed. United Airlines, American Airlines and British Airways are allowing passengers to back out of travel.

Thursday, January 28th 2016 - 05:40 UTC

Falklands' veteran ex HMS Hermes to decommissioned by Indian Navy

She is the last of the Centaur-class carriers and is the longest-serving aircraft carrier in the world.

Aircraft carrier from Portsmouth that fought in the Falklands War is making her final journey before being decommissioned after almost 60 years of active service. HMS Hermes served with distinction in the conflict against Argentina in 1982 before being sold to the Indian Navy and renamed INS Viraat.

Thursday, January 28th 2016 - 05:21 UTC

Argentine ex Army commander praises Macri/Cameron dialogue: what matters is getting started

Balza was head of the Army when Carlos Menem was president in the nineties and later was ambassador to Colombia and Costa Rica under the Kirchner couple

A former commander of the Argentine Army and Malvinas war veteran Martin Balza praised the recent meeting of President Mauricio Macri with UK Prime Minister David Cameron arguing that whatever is done to advance a serious, respectful, mature dialogue must be welcomed; “there won't be immediate results from that dialogue, but this is like a marathon, what matters are the first steps”.

Wednesday, January 27th 2016 - 08:28 UTC

Brazil's current account deficit drops to 3.32% of GDP, lowest since 2010

According to Maciel, the dollar, which soared roughly 50% in 2015 from 2014, also had an impact on the current account.

The soaring US dollar and Brazil’s slumping economy led to a weaker demand for imported goods and services in 2015. As a result, Brazil’s current account deficit reached USD 58.942 billion, equivalent to 3.32% of GDP. The result is the smallest amount since 2010. In 2014, the current account deficit reached USD 104.181 billion, or 4.31% of GDP.

Wednesday, January 27th 2016 - 08:20 UTC

SBM Offshore reaches out of court settlement with Brazilian prosecution

CEO Bruno Chabas, and Sietze Hepkema from the supervisory board, has agreed to a settlement which will be paid by the Amsterdam-based company.

SBM Offshore’s CEO and another company executive have agreed an out-of-court settlement with the Brazilian public prosecutor’s office (Ministério Público Federal) for charges relating to the Petrobras corruption scandal.

Wednesday, January 27th 2016 - 07:59 UTC

Infantino secures support from CONCACAF for his FIFA presidency bid

Infantino said he was “delighted” to secure UNCAF’s backing. “Thank you @UNCAF for the support. Together we can take FIFA forward,” he tweeted

Gianni Infantino has won the support of the seven-member Central American Football Union in his bid for the FIFA presidency. Leaders of the UNCAF federations, which are part of CONCACAF, endorsed the UEFA general secretary in a letter on Monday that Infantino posted on his Twitter page.


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