The Gibraltar Government has included the long queues of last Thursday afternoon at the frontier with Spain in its latest report to the European Union. Deputy Chief Minister Dr Joseph Garcia said the report will be presented “in order to draw attention to the manner in which the Spanish government is implementing the recommendations made by the commission”.
Guyana's territorial dispute with neighboring Venezuela represents a threat to its very survival, President David Granger warned Friday in Washington. After a recent offshore oil find, the row between the two countries has escalated, with Venezuela laying claim to a huge swathe of Guyana's territory.
Tens of thousands of workers at Brazil's state-owned Petrobras went on a nationwide 24-hour strike on Friday to protest the oil company's plans to sell 15.1 billion dollars worth of assets by the end of next year to help pay off a debt of about 120 billion dollars.
President Cristina Fernandez underlined the achievements of her government which, she said, have set the foundations of 'a bright future ahead for Argentina', and openly sponsored the electoral aspirations of Kirchner family members, during a political rally held in Santa Cruz province, from where the powerful presidential couple that has dominated Argentine politics for the last twelve years emerged in 2002/03.
Economic activity in Argentina has increased 2.2% in May, compared to the same month of 2014, according to the country's stats office, Indec. Compared to April this year, economic activity has grown 0.8%, the Monthly Economic Activity Index revealed.
FIFA has admitted the corruption scandal is putting off new World Cup sponsors and plans to hold a summit with existing backers in August. Secretary-general Jerome Valcke said: The current situation doesn't help to finalize any new agreements.
Brazilian prosecutors presented formal charges on Friday against the chief executive of Latin America's largest engineering firm and other senior executives detained last month in a landmark investigation meant to show that the country's elite are not above the law.
Three Falkland Islands fishing vessels' owner/operators were ordered by the Supreme Court to pay £200.000 security bonds to return to sea while investigations are ongoing on potential anomalies on their catches and species reports. The value of the vessels range between one and 3.5 million pounds.
Tourism’s underrepresentation in international financing for development flows remains a critical hurdle to overcome in order to fully deploy its development potential. Despite being a high impact economic activity, a major job generator and key export sector accounting for 6% of total world trade, tourism receives only 0.78% of the total Aid for Trade (AfT) disbursements and a mere 0.097% of the total Official Development Assistance (ODA).
With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran's crude oil supply would further contribute to the already rising global supply glut. The economic crisis in Greece, OPEC's high production levels and China's market turmoil have created more pressure on oil prices, making a price rebound look highly unlikely in the near future.