Stories for July 2015

Wednesday, July 22nd 2015 - 07:22 UTC
BRICS bank (New Development Bank), takes off in low-key Shanghai ceremony

Officials from the world's largest emerging nations launched on Tuesday the New Development Bank (NDB), the second of two new policy banks heavily backed by Beijing that are being pitched as alternatives to existing institutions such as the World Bank. Also known as the BRICS bank, it follows soon after the establishment of the China-led Asian Investment Infrastructure Bank (AIIB).
Wednesday, July 22nd 2015 - 07:00 UTC
Australia debates effects of warming ocean waters on its fisheries

New evidence is emerging that climate change could join overfishing as a major threat to the world's seafood supplies. While Australia – a small producer on a global scale, accounting for only 0.2% of the world's seafood – has relatively healthy fisheries, it is suddenly and quite brutally feeling the effects of warming ocean waters.
Wednesday, July 22nd 2015 - 06:37 UTC
Dollar in Argentina breaks 15-Peso threshold; pro-business candidate poor showing scares markets

The US dollar kept climbing in Argentina and ended trading on Tuesday above the 15 Pesos threshold after having advanced 30 cents on Monday and 54 cents today. Sunday's electoral result in the City of Buenos Aires where the pro-business PRO party just managed to scrape by with victory, has triggered growing nervousness and speculation among savers and traders.
Wednesday, July 22nd 2015 - 06:20 UTC
Chilean congress makes unprecedented mea culpa on several corruption cases

The Chilean Congress made an unprecedented mea culpa on Tuesday for a series of corruption cases involving lawmakers that have eroded public confidence in the institution. In the first review of the state of the Congress in its 204-year history, lawmakers acknowledged the damage caused by corruption, including accusations of tax fraud leveled against four opposition figures, two of them members of Congress.
Wednesday, July 22nd 2015 - 05:58 UTC
French president to announce emergency measures in support of farmers

President Francois Hollande has said he would unveil emergency measures to help France’s livestock and dairy farmers on Wednesday. Tuesday’s announcement came as as livestock farmers caused chaos in the north west of France, using tractors and trucks full of manure and rubble to block roads.
Wednesday, July 22nd 2015 - 01:07 UTC
“Another example of efforts to damage the Falklands' economy”

The Falkland Islands government reacted strongly to statements by the Argentine official in charge of Malvinas affairs who claimed that “the theft of squid and other valuable fish stocks” in the South Atlantic, was the reason behind the success of the Islands' economy, according to a report from the Express.co.uk.
Tuesday, July 21st 2015 - 05:49 UTC
White House advisor, expert in stimulus next IMF chief economist

The International Monetary Fund has named as its new chief economist Maurice Obstfeld, an academic and White House economic adviser known for his work on money flows and international finance.
Tuesday, July 21st 2015 - 05:42 UTC
Three Brazilian top executives convicted in relation with Petrobras corruption

Three executives of Brazil's Camargo Correa group were convicted of money laundering, corruption and other charges, the first construction-industry executives to be sentenced in a giant price fixing and bribery scandal involving state-run oil company Petrobras.
Tuesday, July 21st 2015 - 05:24 UTC
Maximo Kirchner and Macri clash over Sunday's election in Buenos Aires

Cristina Fernandez son, Maximo Kirchner, lawmaker candidate for the Victory Front took time on Monday to comment on presidential hopeful Mauricio Macri’s Sunday speech, after his candidate Horacio Rodriguez Larreta won in the Buenos Aires City’s runoff by a much closer margin than expected.
Tuesday, July 21st 2015 - 05:18 UTC
UK Territories’ Environment Ministers chart a course for a sustainable future

Environment Ministers from the UK Overseas Territories (OTs) and Crown Dependencies (CDs) gathered together for the first time ever in Gibraltar’s Garrison Library last week to consider the environmental challenges facing the Territories.