Stories for May 2016

Tuesday, May 24th 2016 - 08:52 UTC
St Helena celebrates the new airport on her 514th discovery anniversary

2016 St Helena’s Day celebrations were this year held on Friday 20 May 2016, and were reckoned by all to be a great success. Once again organized by New Horizons and held in lower Jamestown, traditional activities and stalls were arranged in both the Mule Yard and along the Seafront area.
Tuesday, May 24th 2016 - 08:30 UTC
US tire maker leaves Venezuela after six decades in the country

United States tire maker Bridgestone is selling its business in Venezuela after six decades in the country, the latest blue chip company to abandon the country as a result of runaway inflation and strict currency controls. Bridgestone Americas said in a statement Monday that it is selling its Venezuela assets to Grupo Corimon, a local industrialist. It says the company will be called Alice Neumaticos de Venezuela.
Tuesday, May 24th 2016 - 08:18 UTC
Brazil and Argentina to work together to help find a solution to Venezuela

Brazil and Argentina will work together to help find a solution to Venezuela's political crisis, Brazil's acting foreign minister said on Monday. Venezuela is facing a severe economic crisis, with the world's highest inflation and shortages. Polls indicate most Venezuelans want President Nicolas Maduro out of office.
Tuesday, May 24th 2016 - 08:05 UTC
Macri's Argentina and Temer's Brazil seal close political and working relationship

Argentina and the new interim government of Brazil sealed this Monday their close relationship when foreign minister Jose Serra in a brief visit to Buenos Aires, his first overseas trip, met privately with President Mauricio Macri. . Earlier in the day the Brazilian official signed a memorandum of understanding for a bilateral mechanism of political coordination with his peer Susana Malcorra.
Tuesday, May 24th 2016 - 05:34 UTC
Temer loses top minister to Petrobras scandal: recordings expose plans to obstruct investigation

Brazil's Planning Minister Romero Juca said on Monday he will temporarily step down after a newspaper published recordings of him discussing plans to obstruct the country's biggest-ever corruption investigation, which includes him among its targets.
Tuesday, May 24th 2016 - 05:25 UTC
Francis resumes dialogue in the Vatican with the higherst authority of Sunni Islam

Francis has met the grand imam of Cairo's al-Azhar mosque after a five-year pause in dialogue between the Roman Catholic Church and the mosque, the highest authority of Sunni Islam. Sheikh Ahmed al-Tayeb visited the Vatican en route to a Paris conference involving Muslims and Catholics.
Tuesday, May 24th 2016 - 05:16 UTC
Meirelles on Tuesday will announce spending cuts to contain a huge fiscal deficit

Brazil's government on Tuesday will announce spending curbs and other measures to reduce its rising debt burden and contain a fiscal deficit as it seeks to regain the confidence of investors, Finance Minister Henrique Meirelles said.
Tuesday, May 24th 2016 - 05:08 UTC
Brazilian Justice warns government should not interfere in trials and recommends transparency

Brazilian federal judge hearing the Petrobras case, Sergio Moro, avoided commenting Monday on the voice recording in which a minister of acting-President Michel Temer suggests ways to end the investigation into corruption at the state-run oil company Petrobras, but warned that the government should not interfere in trials, which are the responsibility of the justice system.
Tuesday, May 24th 2016 - 00:49 UTC
Infantino admits public opinion “views FIFA with skepticism”, following Scala's resignation

FIFA president Gianni Infantino admits “the public view FIFA with skepticism” after a series of corruption scandals. But in answer to critics who say a recent move has weakened efforts to reform FIFA, he said “from now on the focus should be on our actions and deeds, rather than on premature conclusions and speculation.“
Monday, May 23rd 2016 - 14:29 UTC
Brexit and Bank of Japan easing described as major risks at G7 finance and central banks meeting

The G7 finance ministers and central bank governors concluded their 2-day meeting in Sendai, Japan on Sunday. The discussion of international event and banking risk has set the stage for issues to be discussed at the larger G7 leaders’ summit starting on the 26th.