Stories for June 16th 2013

Sunday, June 16th 2013 - 20:04 UTC
Ahead of G8 summit PM Cameron hails Overseas Territories’ tax evasion clampdown

British prime minister has hailed an agreement by the UK's Overseas Territories and Crown dependencies to sign up to a tax evasion clampdown. David Cameron said it was a “very positive step forward” ahead of the G8 meeting, which starts on Monday.
Sunday, June 16th 2013 - 19:58 UTC
Pope Francis tells PM Cameron, money, politics and economics must serve, not rule

Money, politics and economics must serve, not rule. They must serve people and promote an ethics of truth. This was the thread running through Pope Francis Letter to the British Prime Minister on the eve of the G8 Summit.
Sunday, June 16th 2013 - 19:55 UTC
Cautious welcome to Iran new president, moderate cleric Hassan Rowhani

World powers offered cautious welcome to moderate cleric Hassan Rowhani after he was declared Iran's new president, amid persistent concerns over Tehran's nuclear program.
Sunday, June 16th 2013 - 17:07 UTC
Venezuelan government turns breast feeding into national controversy

Venezuela's Congress will discuss legislation this week that would prohibit bottle feeding of infants to try to encourage breast feeding and reduce the use of baby formula, said a lawmaker of the ruling Socialist Party.
Sunday, June 16th 2013 - 17:02 UTC
Pope and Archbishop of Canterbury acknowledged deep differences

Pope Francis and the new head of the world's Anglicans acknowledged deep differences over issues ranging from gay rights to women priests but pledged to seek unity when they met today for the first time since both took office in March.
Sunday, June 16th 2013 - 16:56 UTC
Controversial media law approved in Ecuador conditions freedom of the press

Creating official media overseers, imposing sanctions for smearing “people's good name” and limiting private media to one third of radio and TV licenses, Ecuador's congress on Friday passed a restrictive new media law championed by President Rafael Correa.
Sunday, June 16th 2013 - 15:39 UTC
”Venezuela is not part of Mercosur; it was not ratified by Paraguayan congress”

Venezuela “is not part of Mercosur, it was not ratified by the Paraguayan congress” according to one of the main foreign policy advisors of president elect Horacio Cartes who is scheduled to take office next August 15. Meanwhile Paraguay continues to advance it its intention of belonging to the Alliance of the Pacific.
Sunday, June 16th 2013 - 14:39 UTC
Booing down of President Rousseff reflects growing dissatisfaction with the economy

Inflation, slower growth, street protests over the increase in bus fares smacked full on at an ill-humoured Brazilian president Dilma Rousseff during the opening ceremony of the Confederations Cup in Brasilia when she was booed down three times and simply had to declare the event open.
Sunday, June 16th 2013 - 13:55 UTC
IMF calls for ‘timely’ unwinding of US stimuli program fearing markets’ volatility

The International Monetary Fund cautioned on the possible risks of the United States ‘non timely’ unwinding of the stimuli program implemented by the Federal Reserve and the collateral effects that such a policy could have on emerging economies, as those in Latinamerica.
Sunday, June 16th 2013 - 13:40 UTC
US recovery ‘more durable’ but must restore ‘long run fiscal sustainability’ says IMF

United States could spur growth by adopting a more balanced and gradual pace of fiscal consolidation, especially at a time when monetary policy has limited room to support the recovery further, the International Monetary Fund said after wrapping up its annual review of the world’s largest economy.