Stories for April 15th 2016

Friday, April 15th 2016 - 18:14 UTC
Rousseff to address the nation Friday evening while Congress debates her impeachment

President Dilma Rousseff is scheduled to address Brazil on national television Friday evening, the same day that Congress started a three-day debate to decide whether there are enough arguments to begin the impeachment process that could lead to her removal from office. She is charged with manipulating budget accounts that helped her government present balanced accounts for the 2014 presidential elections.
Friday, April 15th 2016 - 09:29 UTC
Roussef asks the Supreme Court for an injunction to suspend impeachment vote

Brazil's President Dilma Rousseff resorted to the Supreme Court on Thursday in a last ditch attempt to avert a critical impeachment vote in Congress that could lead to her removal from office. Rousseff's attorney general, Jose Eduardo Cardozo, asked the top court for an injunction to suspend Sunday's Lower House vote until the full court can rule on what he called procedural flaws in the impeachment process.
Friday, April 15th 2016 - 09:19 UTC
EU parliament approves strict Passenger Name Record for airlines

The European Union Parliament approved on Thursday the directive regulating the use of Passenger Name Record (PNR) data in the EU for the prevention, detection, investigation and prosecution of terrorist offences and serious crime. It will oblige airlines to hand national authorities passengers' data for all flights from third countries to the EU and vice versa.
Friday, April 15th 2016 - 09:04 UTC
US regulators reject “too big to fall” banks proposals in case of another major 'blackout'

US regulators have rejected the plans of five big US banks for closing their operations in the event of a crisis. Banks labeled “too big to fail” must have a so called “living will” that would allow them to close down without the help of public money. Bank of America, Bank of New York Mellon, JPMorgan Chase, State Street and Wells Fargo have until 1 October to submit improved plans.
Friday, April 15th 2016 - 09:00 UTC
China's economy expanded 6.7% in the first quarter, in line with Beijing growth target

China's economy grew 6.7% in the first quarter of the year compared to the same time last year, announced the government. It is the slowest quarterly growth in the Chinese economy in seven years, but in line with expectations and China's own growth targets.
Friday, April 15th 2016 - 08:47 UTC
US cautions Caribbean BOTs about whom they give their passports

The United States Government has cautioned Caribbean countries offering a Citizenship by Investment Program (CIP) to be extra cautious about who they give their passports to, and ensure that recipients have no terrorist or crime links. It gave the advice, in a statement issued by the US Embassy in Barbados, even as it made it that it was not advising regional countries on whether or not they should offer economic citizenship.
Friday, April 15th 2016 - 07:12 UTC
Argentine government favors farmers in dispute with Monsanto

Argentina, the world's No. 3 soy exporter, said on Thursday the government must authorize any grain inspection, dealing a blow to Monsanto Co. which wants exporters to check cargoes to make sure farmers had paid to produce its genetically modified soybeans.
Friday, April 15th 2016 - 05:22 UTC
IMF and World Bank target Brexit: 'the most serious downside risk' for the global economy

A British exit from the European Union would pose “serious downside risks” to an already slowing global economy, the head of the International Monetary Fund said on Thursday.
Friday, April 15th 2016 - 05:16 UTC
Falklands' Queen's Birthday Parade to take place on Thursday 21st April

The Falkland Islands elected government has announced details of the parade to celebrate the birthday of Her Majesty the Queen to be held at Stanley's Victory Green on Thursday 21st April 2016. The parade will form up at Victory Green at 10.20 hours and His Excellency the Governor will arrive at 10.30 hours.
Friday, April 15th 2016 - 05:04 UTC
St Helena reaches to the world: 21 May airport official opening with presence of Prince Edward

The Government of St Helena has announced that the official opening of the island's new airport is set to take place on 21 May 2016, in the presence of HRH The Prince Edward, Earl of Wessex. For the British Overseas Territory island in mid Atlantic and with an only monthly sea link, the airport means a dream come true, and both the St Helena and UK governments hope that this will lead to eventual financial self-sustainability.