Stories for May 2016

Wednesday, May 11th 2016 - 14:03 UTC
Panama Papers are becoming an additional challenge for President Macri

Argentine Federal Judge Sebastian Casanello has sent legal requests to Uruguay, United Kingdom, Ireland, Panama and Brazil, and likewise ordered local financial institutions in the country to provide data on the Macri family accounts as part of an ongoing investigation of the Argentine president overseas assets in so called tax havens, which emerged from the latest release of Panama Papers by the International Consortium of Investigative Journalists.
Wednesday, May 11th 2016 - 12:29 UTC
Prominent economists call for global tax transparency arguing poor countries are the biggest losers

New global rules forcing companies to report taxable activities country-by-country publicly have been called for by a group of 300 prominent economists. In a letter to world leaders, the group urges the UK to “take a lead” in the push for more tax transparency and argues that poor countries are the biggest losers from tax havens.
Wednesday, May 11th 2016 - 12:14 UTC
Oil markets on alert: major overhaul in Saudi Arabia´s cabinet and economic policy

Saudi Arabia's King Salman removed the country's veteran oil minister as part of a broad government overhaul. Ali al-Naimi has been replaced after more than 20 years in the role by former health minister Khaled al-Falih.
Wednesday, May 11th 2016 - 09:59 UTC
Rousseff clears her office; full Senate votes to suspend the president

Brazilian President Dilma Rousseff has packed up personal photos and stripped the shelves in her third-floor office in the Planalto presidential palace, a sign she is accepting the loss of her job in a Senate vote on Wednesday.
Wednesday, May 11th 2016 - 09:48 UTC
Argentina prepared to support Malcorra's nomination to UN Secretary General post

Argentina's foreign minister Susana Malcorra most probably will be sponsored by president Mauricio Macri as a candidate to replace the United Nations Secretary General Ban Ki-moon who is stepping down next November, according to government sources quoted by La Nacion.
Wednesday, May 11th 2016 - 09:23 UTC
Brussels assures EU farmers that beef is out of trade negotiations with Mercosur

The European Union Commissioner for Agriculture and Rural Development, Phil Hogan, announced on Tuesday that beef will not be part of the current Mercosur trade deal negotiations. The news follows a meeting between the Commissioner and NFU Cymru, which was held on Glamorgan NFU Cymru Chairman, Abi Reader’s farm, in the Vale of Glamorgan, Wales.
Wednesday, May 11th 2016 - 09:13 UTC
What Labour can learn from my victory: we can’t ignore what voters want

By Sadiq Khan (*) - Labour has won control of City Hall in London for the first time in eight years – the first major electoral success for our party in England in over a decade.
Wednesday, May 11th 2016 - 08:58 UTC
Falklands' defense controversy surfaces following Hague's column in support of Remain

Brexit campaigners have hit out at former foreign secretary William Hague after he claimed the Falkland Islands could fall to Argentina if the UK votes to quit the EU. In comments “rubbished” as scaremongering by Leave campaigners, Mr. Hague warned of an uncertain future for Falkland Islanders.
Tuesday, May 10th 2016 - 18:31 UTC
Apologizes to the Brazilian people, and pledges to return US$ 280 million from a major construction contractor

Andrade Gutierrez, the second largest public works contractor in Brazil is to make public an “apology to the Brazilian people” for the illegal actions in the public construction contracts investigated by the Brazilian Federal Police's Lava Jato operation, reports Folha de Sao Paulo.
Tuesday, May 10th 2016 - 17:47 UTC
Rousseff's impeachment process back on track: Senate votes on Wednesday

Brazilian President Dilma Rousseff's impeachment process and possible suspension from office is back on track after the acting speaker of the Lower House, Waldir Maranhao repented and withdrew his controversial decision to annul an April 17 impeachment vote.