The United States warned on Friday of a possible accident for the world economy if Greece and its creditors miss their June deadlines to avert a debt default. Germany said there was no sign of a breakthrough. The ongoing debate is taking place in Dresden, Germany in the framework of G7 Finance ministers and central bank chiefs meeting.
Argentine judge Marcelo Martínez de Giorgi has approved the arrest of three Argentine business leaders named in a corruption scandal engulfing world football and facing US extradition requests, though he acknowledged he did not know if they were in the country. The businessmen were considered fugitives from justice on Thursday after Interpol was unable to locate them at their residences.
The United States on Friday formally dropped Cuba from its list of state sponsors of terrorism, the US State Department said in a statement. The removal of Cuba from the US terrorism list eliminates an obstacle toward restoring diplomatic ties between the United States and the communist-led Caribbean island state after 54 years.
Sepp Blatter was re-elected president of FIFA for a fifth term on Friday after the only other candidate conceded defeat after a first round of voting in an election overshadowed by allegations of corruption in world soccer. Blatter's victory came despite demands that he quit in the face of a major bribery scandal being investigated by US, Swiss and other law enforcement agencies.
The Falkland Islands Government welcomed Thursday's announcement by Premier Oil and partners that the 14/20-1 ‘Isobel Deep’ exploration well has been declared an oil discovery. Isobel Deep in the North Falkland basin, is the second well of a six-well offshore campaign planned to take place in the Islands waters through 2015.
The BBC Trust has rejected complaints over Top Gear's Patagonia special, in which a car number plate which appeared to refer to the 1982 Falklands war. The production team fled Argentina following protests over the use of the registration number H982 FKL.
Eliminating the illicit trade in tobacco would generate an annual tax windfall of 31 billion dollars for governments, improve public health, help cut crime and curb an important revenue source for the tobacco industry. Those are the key themes of World No Tobacco Day on May 31 when the World Health Organization will urge Member States to sign the Protocol to Eliminate the Illicit Trade in Tobacco Products.
Finance chiefs and central bankers from the Group of Seven economic powers discussed ways to revive the faltering global recovery on Thursday as the United States leant on Europe to reach a deal to avert a Greek bankruptcy. The threat of a Greek default, rising oil prices and bond market volatility are fuelling investor nervousness about the world's economy.
The head of an Argentine soy crushers' union expressed optimism on Thursday that a salary agreement was near and would end the strike, which has affected the key Rosario soy market.
The Argentine Football Association (AFA) issued on Thursday a press release in support of the US led investigation into FIFA and called for transparency in football, adding it joins the efforts to investigate corruption in the sport.