Stories for August 2014

Saturday, August 9th 2014 - 06:38 UTC
Ebola outbreak becomes a “public health emergency of international concern”

World Health Organization declared on Friday that the Ebola outbreak spreading across West Africa has become a “public health emergency of international concern”. WHO also revealed that Ebola took an additional 29 lives between Tuesday and Wednesday alone.
Saturday, August 9th 2014 - 06:33 UTC
Bank of England inflation forecast, next week could give an idea on future hike

The Bank of England opted this week to keep its main interest rate at a record-low level of 0.50% against a backdrop of solid British economic growth. The central bank's nine-member monetary policy committee decided also to maintain the level of cash stimulus in the economy at £375 billion, it said in a statement.
Saturday, August 9th 2014 - 06:25 UTC
Dragui 'pleased' with a weakened Euro exchange rate, which could decline further

European Central Bank President Mario Dragui signaled he was pleased with the recent decline in the Euro's exchange rate and outlined a number of forces that may weaken it further, providing a potential boost to weak inflation in the region.
Saturday, August 9th 2014 - 06:13 UTC
UK grants Chile matching funds for program on scientific research and innovation

The Newton-Picarte Fund for scientific research was officially launched in Chile on Thursday 31st July through the signing of the Memorandum of Understanding between the UK Government, represented by the British Ambassador Fiona Clouder, and the Chilean Ministry of Economy, Development and Tourism, represented by the Minister of Economy Luis Felipe Cespedes.
Saturday, August 9th 2014 - 05:58 UTC
OAS observation mission will be present during Bolivia's October elections

The Organization of American States (OAS) and Bolivia signed on Friday the agreement on privileges and immunities for the Electoral Observation Mission, (EOM) to be deployed to the general elections to be held in Bolivia on 12 October.
Saturday, August 9th 2014 - 05:49 UTC
Forty years ago Watergate forced Nixon to became the only US president to resign

Forty years ago on August 8, 1974, Richard Nixon became the only US president to resign from office. His departure came because of his involvement in the Watergate scandal and subsequent cover-up, which began when Republican campaign operatives broke into Democratic Party headquarters in the Watergate office building in Washington in June of 1972.
Friday, August 8th 2014 - 09:07 UTC
Argentina announces measures to prop the economy and avoid redundancies

A day after Economy minister Axel Kicillof admitted problems with the Argentine economy, president Cristina Fernandez announced on Thursday a battery of measures to prop economic activity, open the labor market for young people, avoid redundancies and give the property market a thrust.
Friday, August 8th 2014 - 08:57 UTC
Argentina urges Obama to intercede in holdouts case: Griesa is 'interfering with US foreign policy'

Argentine President Cristina Fernández on Thursday urged US President Barack Obama to intercede in the dispute between Argentina and holdouts over Argentine debt, while blasting New York judge Thomas Griesa for “not making any sense”.
Friday, August 8th 2014 - 08:49 UTC
The Guardian: How Barack Obama could end the Argentina debt crisis

By Greg Palast (*) - US president need only inform a federal judge that vulture fund billionaire Paul Singer is interfering with the president's sole authority to conduct foreign policy. He hasn't. But why not?
Friday, August 8th 2014 - 08:31 UTC
IATA warns Venezuela it could be left isolated, if it doesn't pay airlines

The International Air Transport Association (IATA) has reminded the Venezuelan government that if it fails to settle debts with international airlines, the country would be isolated from the world; hence, the association urged Venezuela to reach agreements, and above all, to fulfill such agreements.