Stories for May 2016

Monday, May 16th 2016 - 06:15 UTC
Temer government considering selling stakes of state controlled assets

Brazil's government is considering selling stakes in state-controlled assets including its postal company as well as holdings in transport, power and insurance firms in a bid to raise capital and streamline the public sector, a newspaper reported on Sunday.
Monday, May 16th 2016 - 06:01 UTC
Brazil's Jewish community supports Temer; hopeful of normalization of relations with Israel

The elevation of a centrist vice president, Michel Temer, as Brazil’s president amid the impeachment process of Dilma Rousseff is expected to result in a less strained relationship between Brazil and Israel, as well as its Jewish community, Jewish leaders in Sao Paulo said.
Monday, May 16th 2016 - 05:46 UTC
Brazil warns neighbors about “propagating falsehoods over the internal political process”

Brazil's interim government dismissed criticism by populist countries in Latin America, including Venezuela, Cuba and Bolivia, over the impeachment process of Dilma Rousseff, who was suspended as president by the senate.
Monday, May 16th 2016 - 05:34 UTC
Hammond's Gibraltar visit triggered several hostility actions from Spain

Britain's Foreign Secretary's arrival and departure flights into Gibraltar last week were not allowed to overfly Spanish territory and flew over Portugal instead. This was one of several hostility incidents of Spanish officials towards London. The overfly ban was confirmed to Gibraltar Broadcasting Corporation by the Convent (Governor's residence in the Rock).
Monday, May 16th 2016 - 05:20 UTC
Malcorra's UN potential nomination sets off speculation about several names to replace her

Argentina's foreign minister Susana Malcorra manifest intention of becoming the first woman Secretary General of the United Nations, which has the support from president Mauricio Macri administration has set out domestic and international speculation.
Saturday, May 14th 2016 - 10:54 UTC
Vatican denies Francis intends to introduce a diaconal ordination for women

Pope Francis “did not say he intends to introduce a diaconal ordination for women,” and he certainly did not speak about the ordination of women priests, the Vatican spokesman said.
Saturday, May 14th 2016 - 09:09 UTC
Temer's team confident it has the political support to implement tough measures

Brazil's interim government said on Friday it has the political support for tough measures needed to return the economy to growth and can secure a permanent mandate once populist President Dilma Rousseff's impeachment trial is over. Presidential Chief of Staff Eliseu Padilha said the incoming government understood it was only provisional for now and had ordered portraits of Rousseff to be left hanging in federal buildings.
Saturday, May 14th 2016 - 08:55 UTC
US$ 2 trillion lost to bribery and corruption every year, (2% of global GDP), claims IMF

Bribery and corruption cost the world economy as much as US$2 trillion every year, money that instead could be used to fight poverty, create jobs, and protect the environment. A new report by the International Monetary Fund says the money lost to corruption every year is 2% of the global GDP.
Saturday, May 14th 2016 - 08:34 UTC
Sixth consecutive Chile Day in London; Bachelet/Cameron discuss closer political and cooperation links

The UK was proud to host the sixth consecutive Chile Day in London, as a major international showcase for Chile’s financial market. The event is attended by business leaders from both Chile and the UK, and this year President Bachelet made a very special appearance during her two-day visit including meeting PM David Cameron at 10 Downing Street.
Saturday, May 14th 2016 - 08:02 UTC
Cristina Fernandez and former officials charged with defrauding the state in dollar futures operations

Former Argentine President Cristina Fernandez was charged on Friday with defrauding the state as part of her government's handling of the dollar futures market. Federal judge Claudio Bonadio said that a scheme to keep the Argentine peso inflated by selling dollars below market value would not have been possible without Fernandez's approval.