The amount of greenhouse gases in the atmosphere reached a record high in 2013 driven by a surge in the level of carbon dioxide, the World Meteorological Organization said on Tuesday, urging international action to combat climate change.
Argentine President Cristina Fernández praised on Tuesday the United Nations General Assembly approval of a project that proposes legal framework to regulate restructuring of foreign sovereign debt, saying “Argentina has set an international leading case” with the initiative.
The United Nations General Assembly voted overwhelmingly on Tuesday in favor of a legal framework that would help regulate restructuring of foreign sovereign debt, a project that was suggested by the Argentine government and presented before the assembly by the Group of 77 plus China.
The World Bank Group’s (WBG) Executive Directors discussed a new Country Partnership Strategy (CPS) for Argentina covering fiscal years 2015-2018 with financial commitments over the period expected to be in the range of 1 to 1.2 billion dollars per year plus 1.7bn for the private sector.
Moody's Investors Service lowered its outlook on Brazil's government bond rating to 'negative' from 'stable', saying the country's sustained low economic growth and worsening debt metrics reflected a risk of reduced creditworthiness.
Sepp Blatter has confirmed he will run for a fifth, four-year term as FIFA president. Buoyed by a successful World Cup in Brazil and UEFA President Michel Platini opting not to stand in next year’s election, the 78-year-old Blatter believes he has the backing to win again.
The Guarani tribes that lived in South America in the 17th century used to play a sport similar to soccer when the Jesuits arrived to establish their missions, claims a video based on historical documents released by Paraguay’s Secretary for Culture. Entitled “The Guaranies invented soccer,” the video collects findings made by anthropologists who studied the Jesuits’ legacy in the country.
With less than fifty days to national elections when Uruguayans will vote for president and a new parliament (26 October), public opinion polls indicate that the ruling coalition until a few months ago the undisputed winner, faces a runoff and whoever wins will have to rule with a divided legislative.
Uruguay officially inaugurated on Monday a second pulp mill, Montes del Plata, on the River Plate, belonging to Chile's Arauco and Swedish-Finnish Stora Enso, which is considered the largest single investment in the country and will have an annual production of 1.3 million tons.
Representatives of the European Union (EU) and Morocco that make up the Joint Committee managed to solve all the practical issues which have been pending since the bilateral fisheries agreement was signed and that prevented the African country from issuing the fishing licenses.