Pressed hard by outraged farmers, the European Union farm chief on Wednesday increased his offer of compensation for the E. coli outbreak to Euro210 million.
United Nations Secretary General Ban Ki-moon today (Wednesday June 8) called on all governments and peoples to play their part to ensure that the world’s oceans are protected for future generations, warning that they face major threats in the years ahead.
The UK press reacted to the US President Obama administration support of an Argentine inspired Organization of American States, OAS, unanimous declaration on the Falklands/Malvinas question that calls for sovereignty negotiations.
United Kingdom Prime Minister David Cameron announced on Wednesday his support for Ban Ki-moon's candidacy for a second term as Secretary General of the United Nations. Ban Ki-moon announced his candidacy for re-election on Monday. His first term ends on 31 December 2011.
Argentina’s organized labour leader Hugo Moyano admitted Wednesday that “inflation in Argentina is a problem”. He also said that, despite the several criminal cases open against him, he is not afraid of going to jail.
US Federal Reserve rejected criticism that its actions (‘accommodative monetary policy’) have pushed down the foreign exchange value of the US dollar and thereby boosted the price of commodities, adding that the Fed is “fully committed” to maintaining the dollar’s purchasing power and to keeping inflation in check.
Federal Reserve Bank of New York President William C. Dudley said the US must reduce the federal budget deficit without derailing the economic recovery. “No issue is more important than a credible commitment for getting our fiscal house in order, but at a pace that does not forestall a sustained recovery” said Dudley this week addressing the Foreign Policy Association in New York.