Stories for January 18th 2016

Monday, January 18th 2016 - 10:32 UTC
Oxfam claims the richest 1% has as much wealth as the rest of the world combined

The richest 1% now has as much wealth as the rest of the world combined, according to Oxfam. It uses data from Credit Suisse from October for the report, which urges leaders meeting in Davos this week to take action on inequality. Oxfam also calculated that the richest 62 people in the world had as much wealth as the poorest half of the global population.
Monday, January 18th 2016 - 09:32 UTC
One year on death of Argentine special prosecutor remains in controversy and unsolved

The mother of Argentine special prosecutor Alberto Nisman broke her silence and made it clear she did not believe her son had committed suicide. “He was killed,” Sara Garfunkel said in an interview with the Jewish News Agency (AJN) published on Saturday.
Monday, January 18th 2016 - 09:17 UTC
Falklands' preparing strategic communications plan to report on self determination

The Falkland Islands government is preparing to adopt a strategic communications plan to tell the world of the Islanders right to decide on their future and the degree of self government that has been achieved through democracy.
Monday, January 18th 2016 - 09:07 UTC
Labor leader calls for “accommodation” on the Falklands issue with Argentina

British Labor leader and head of the opposition Jeremy Corbyn has called for “accommodation” with Argentina in the Falkland Islands, and anticipated that any discussions over the future of the Islands should give inhabitants an “enormous say”, but stopped short of giving them a veto.
Monday, January 18th 2016 - 08:36 UTC
Argentina new bills: Evita and Malvinas out, replaced by Andean deer and condor

Inflation plagued Argentina will be issuing higher denomination bills and at the same time will avoid politics and history, concentrating on images of autochthonous fauna in danger of extinction. This means that the latest bills issued, 100 and 50 Pesos, with the image of Evita Peron, and Falklands/Malvinas and the notorious Gaucho Rivero, should quickly become collection pieces.
Monday, January 18th 2016 - 08:24 UTC
Rousseff eliminates regulations which impeded public universities working with the private sector

Full-time professors at public universities in Brazil will now be allowed to carry out research in the private sector—and get paid for it, without having to drop their academic jobs. The change is the result of a new law, signed by President Dilma Rousseff, designed to bring science and industry closer together.
Monday, January 18th 2016 - 08:15 UTC
Petrobras increased pre-salt oil production by 56% during 2015

Brazil's state-controlled oil company Petrobras said it increased its crude production last year by 4.6% relative to 2014, exceeding the target set forth in its business plan for the first time in 13 years. Oil output in 2015 amounted to an average of 2.128 million barrels per day (bpd), up 0.15% from the 2.125 million bpd forecast by the company.
Monday, January 18th 2016 - 08:11 UTC
Rousseff admits a government bailout of indebted Petrobras is a serious option

Brazilian President Dilma Rousseff admitted that a government bailout for the country’s troubled state-controlled oil company Petrobras can’t be ruled out. The company is mired in financial troubles amid a deep decline of global oil prices and a sprawling corruption scandal involving several of its former executives and its largest suppliers.
Monday, January 18th 2016 - 05:52 UTC
All negotiations with holdout funds will be made public, announced Argentina

Argentina announced that all the details of the negotiation with the speculative funds, taking place in New York, will be made public in order to guarantee the transparency of the process. The news from the Finance Ministry dismissed reports that the holdouts were demanding the Argentine government sign a confidentiality agreement before talks can begin.
Monday, January 18th 2016 - 05:34 UTC
War between Saudi Arabia and Iran could send oil prices to $250

By James Stafford of Oilprice.com - The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries. The back-and-forth escalation quickly turned the simmering tension into an overt struggle for power in the Middle East