United States

United States
Saturday, June 13th 2015 - 07:04 UTC

Interpol suspends $29m agreement with FIFA to fight illegal betting and match-fixing

 “While Interpol is still committed to developing our Integrity in Sport program, I have decided to suspend the agreement” said Interpol's Jürgen Stock

Interpol has suspended its $29 million agreement to fight illegal betting and match-fixing amid the bribery allegations engulfing world football’s governing body. The 10-year deal was struck in May 2011 and under the agreement, Interpol was to have received 4 million Euros in each of the first two years, followed by 1.5 million Euros in each of the following eight.

Wednesday, June 10th 2015 - 06:44 UTC

“Football is a game, but is also a massive business” and people want it to operate with integrity

“The United States … we want to make sure that a sport that’s gaining popularity is conducted in an upright manner” said President Obama

President Barack Obama weighed in on the deepening corruption scandal involving world soccer's governing body, saying it was essential that the sport's integrity be ensured.

Monday, June 8th 2015 - 08:51 UTC

Obama presses Cameron on defense expenditure and remaining in the EU

Cameron has not committed to the 2% benchmark beyond March 2016 and any “decision must await Chancellor Osborne's Spending Review in the autumn”

Barack Obama has pressed David Cameron to maintain Britain's commitment to meeting the NATO target of spending 2% of GDP on defense. In talks at the G7 summit in Germany, the US President also said he was “looking forward” to Britain remaining in the European Union.

Saturday, June 6th 2015 - 08:24 UTC

US unemployment in May ups to 5.5%, as more people look for jobs

The economy is expected to return to growth in the second quarter, after an unexpected contraction because of harsh weather and West Coast ports' strike

The US economy added 280,000 jobs in May, the US Labor Department has said. The increase was more than analysts had expected and the biggest this year and was described as “encouraging”.

Saturday, June 6th 2015 - 08:00 UTC

Argentine debt climbed 5.4bn of Friday following Griesa's ruling favoring 'me too' bond holders

Griesa said the “me-too” creditors held bonds that were substantially similar to those held by the hedge funds and thus should be treated the same way.

Argentina must pay US$5.4 billion to more than 500 “me-too” holders of defaulted debt before it can pay the majority of its creditors, a US judge ruled on Friday. Argentina anticipated it would appeal the ruling.

Friday, June 5th 2015 - 09:23 UTC

The evolution of the oil weapon

After the 1973 embargo, Nixon approached Saudi Arabia with a proposed deal to ensure that a repeat of such an embargo would never happen to the US

In the age of derivatives, swaps, and electronic money transfers, a new form of warfare has emerged: financial warfare. Recently, the US has passed sanctions on countries such as Syria, Venezuela and North Korea, but the majority of energy related sanctions passed have been targeted at Iran and Russia.

Friday, June 5th 2015 - 06:22 UTC

IMF calls on the Fed to keep rates on hold until first half of 2016

Lagarde said the risks of raising rates too soon outweighed the risk of keeping rates on hold and allowing inflation to slightly exceed the Fed's 2% target.

The International Monetary Fund urged the Federal Reserve to wait until the first half of 2016 to start raising short-term interest rates because the US economy remains subpar. In its annual checkup of the US economy released Thursday, the IMF said “the underpinnings for continued growth and job creation remain in place.”

Friday, June 5th 2015 - 06:12 UTC

Flibanserin or “Viagra for women” closer to FDA approval: concern about side effects

The panel's approval, however, doesn't mean that women looking to boost their libido will be able to purchase the drug immediately

A tiny pink pill touted as “Viagra for women” got a reluctant nod from the United States Food and Drug Administration panel, bringing the first medical treatment for female sexual dysfunction one step nearer to coming on the market.

Wednesday, June 3rd 2015 - 08:07 UTC

Obama signs bill that limits phone data collection by government

The bill, which replaces the Patriot Act, had been backed by President Barack Obama as a necessary tool to fight terrorism.

The US Senate has voted to limit the government's ability to collect phone data, a policy that had been in place since the attacks of 11 September 2001. The USA Freedom Act extends the government's ability to collect large amounts of data, but with restrictions.

Tuesday, June 2nd 2015 - 05:39 UTC

Jacobson nominated as new ambassador to Mexico, announced the White House

Jacobson will replace Anthony Wayne, who has been the U.S. envoy since 2011, if she is confirmed by the Senate

U.S. President Barack Obama on Monday announced his intention to nominate Roberta Jacobson, the assistant secretary of state for Latin America and the chief U.S. negotiator at the talks to resume diplomatic relations with Cuba, as the new ambassador to Mexico, the White House announced in a communiqué.


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