Argentina's defence urged a US appeals court on Wednesday to come up with a workable solution to its long-running fight with so-called holdout bondholders, and assured the country will not pay an amount exceeding the one set in the debt-swaps.
President Dilma Rousseff said on Wednesday that Brazil must cut its high business costs to become more competitive and vowed to keep inflation in check. The leader anticipated that 2013 will be a year of major infrastructure investments in roads, railways, ports and airports to try to stop bottlenecks from holding the economy back.
Two-digit inflation in Argentina has reached 90 consecutive months, according to economist Carlos Melconian who added that since 2001 the prices’ increase in the country has averaged 500%.
Bidding an emotional farewell to a huge crowd gathered in the Vatican's St. Peter's Square, Pope Benedict XVI indirectly acknowledged Wednesday that his nearly eight years as head of the Roman Catholic Church have not always been easy.
South Atlantic patrol HMS Argyll has stopped at Lisbon to be briefed on the illegal drugs trade off West Africa in preparation for her Atlantic deployment, according to a Royal Navy release.
The survey ship 'HMS Enterprise' nets stunning images of a Grand Canyon-style ocean floor hidden deep under the Red Sea. Discovering the 250 metre deep canyon after leaving the Egyptian port of Safaga the ship used her sophisticated EM1002 Multibeam echo sounder to create the 3D images, allowing the ocean floor to be seen for the first time.
Australian beef and veal export values in 2012 increased 2% year-on-year, reaching 4.77 billion dollars. While beef and veal export volumes during 2012 notched a record, values were short of the equivalent feat, influenced by a greater proportion of exports made up of frozen product and the high Australian dollar.
In order to reduce greenhouse gases and to sustain the environment Swedish agricultural authorities are suggesting a tax to tame the appetite for meat. The more meat is consumed the more feed is needed to meet this demand, and with the extensive drought the occurred in the US and feed shortages elsewhere in the world. Could this be a viable solution?
Fifty years after the European Union fishing quota system was introduced, the EU has at last reached an ambitious agreement on the controversial practice of discarding fish. This comes over a month after the European Parliament voted for a ban.
Ahead of a much disputed by election at Eastleigh, Hampshire, Prime Minister David Cameron had a chance to make an impression during the PM questions on Wednesday accusing Labour hopeful John O’Farrell of supporting terrorism and Argentina because he wanted Great Britain to lose the Falklands’ war.