Britain accused the Argentine government on Tuesday of revving up a dispute over the sovereignty of the Falkland Islands to try to divert public opinion attention away from the country's severe economic problems.
Sweden's Saab AB prevailed over U.S. giant Boeing and French manufacturer Dassault Aviation in a competition to supply the Brazilian air force with 36 aircraft to replace its aging Mirage 2000s, Brazil said Wednesday.
The U.S. Federal Reserve will start scaling back its monthly bond-buying program as early as next month, but the reduction will be gradual. The Federal Reserve has been buying 85 billion dollars a month in government bonds in an effort to keep interest rates low and boost economic growth.
On the same day the Federal Reserve announced tapering of stimulus, the US Senate passed a two-year budget deal to ease automatic spending cuts and reduce the risk of a government shutdown, but fights were already breaking out over how to implement the budget pact
The Barbados-based Caribbean Tourism Organization (CTO) will next month celebrate its 25th anniversary amidst a call for the region to be promoted as a single destination. CTO Chairman, Beverly Nicholson Doty, in a Christmas message, said that her wish for the sector in 2014 was that Caribbean countries commit themselves to promoting the region as one destination
Euro-zone finance ministers have agreed on a long-awaited pact on how to deal with failing banks in the region. It aims to create a 55bn euro fund - financed by the banking industry, over the next 10 years. The fund would be backed by a new agency, which will decide on how to deal with failing banks.