Stories for 2023

Friday, March 17th 2023 - 07:53 UTC
“Euro area banking sector is resilient, with strong capital and liquidity positions”, ECB President Lagarde

Anticipating the Euro area banking sector is resilient, with strong capital and liquidity positions, and that inflation is projected to remain too high for too long, the European Central Bank announced on Thursday that the ECB Governing Council decided to increase the three key ECB interest rates by 50 basis points, in line with its determination to ensure the timely return of inflation to the 2% medium-term target.
Friday, March 17th 2023 - 07:37 UTC
Argentina, SAAB sign military radar technology deal

Argentina's Defense Minister Jorge Taiana Wednesday signed the so-called “Productive Cooperation Agreement” deal with Swedish developers SAAB Dynamics. The agreement provides for SAAB's support to the Argentine company INVAP for the integration of radars to the RBS-70 system, as well as for the technological transfer to the Armed Forces.
Friday, March 17th 2023 - 07:27 UTC
Chilean secret police officer convicted for 1973 crime

A Chilean Court Thursday sentenced former Army Brigadier General Orlando Carter Cuadra to 10 years and one day in prison for Dec. 14, 1973, murders of Bautista Van Schouwen Vasey and Patricio Munita Castillo (22) in Santiago. The deceased belonged to the Revolutionary Left Movement (MIR) political party.
Friday, March 17th 2023 - 00:44 UTC
With the collapse of Credit Suisse, oil prices continue to slide, 10% in a week

Oil prices continued their slide on Wednesday after another banking fallout unsteadied the market further. WTI plunged 4.21% on Wednesday, falling below US$ 70 for the first time since December 2021 to US$ 68.33 per barrel ET. Brent Crude fell over 3.94% to US$ 74.40, for a loss of US$ 3.05 per barrel.
Friday, March 17th 2023 - 00:20 UTC
UN chief Guterres accuses oil and gas companies of making “immoral profits”

UN Secretary-General Antonio Guterres accused oil and gas companies of making “excessive” profits from the energy crisis sparked by the war in Ukraine, calling it “immoral.” Guterres, releasing a UN report on the consequences of Russia's invasion of Ukraine, urged governments to tax the companies' earnings.
Thursday, March 16th 2023 - 09:37 UTC
China in US' backyard: Honduras wants to cut links with Taiwan; Panama and Beijing working of free trade accord

China welcomed on Wednesday the latest remarks by Honduran President Xiomara Castro, who said her country is seeking to establish diplomatic relations with China. In response to this, Wang Wenbin, spokesperson of the Chinese Foreign Ministry, said at a press conference on Wednesday that 181 countries around the world have established diplomatic relations with China on the basis of the one-China principle, which fully proved that establishing diplomatic relations with China is a correct general historical and political trend.
Thursday, March 16th 2023 - 07:40 UTC
Uruguayan President not optimistic about Mercosur-EU deal

Uruguayan President Luis Lacalle Pou Wednesday said he was not very optimistic about the future of the trade deal between Mercosur and the European Union and that his lack of hope stemmed from both ends of the Atlantic, not just Brussels.
Thursday, March 16th 2023 - 07:35 UTC
Chancellor Hunt, “British ale may be warm, but the duty on a pint is frozen”

The price of a packet of cigarettes rose hours after the UK Budget was delivered in Parliament, while drinkers will see tax on alcohol go up by 10.1% in August, in line with inflation. According to London media, the only alcohol not to see a rise was draught beer where duty will be frozen. Chancellor Jeremy Hunt said this was to help “the great British pub”.
Thursday, March 16th 2023 - 07:22 UTC
Next SNP leadership predicts an independent Scotland in five years time

All three Scottish National Party leadership candidates have predicted that Scotland can be an independent country within five years if they win the contest. Ash Regan, Humza Yousaf, and Kate Forbes were speaking as they faced each other in a BBC Scotland TV debate.
Thursday, March 16th 2023 - 07:09 UTC
Peru: Supreme Court agrees to review if Castillo's right to defense was violated

Peru's Supreme Court Wednesday overruled a lower Court's decision and will agree to review former President Pedro Castillo's claims that he was denied a right to defense during his Dec. 7 impeachment by Congress.