International

• Saturday, July 9th 2016 - 07:26 UTC

  Uruguay wins lead case against Philip Morris over strict anti-tobacco law

  

  Uruguay won on Friday an arbitration case against US tobacco giant Philip Morris, which sued the state claiming its strict anti-tobacco law harmed the cigarette maker's business, both sides said. Philip Morris argued that Uruguay had violated terms of a bilateral investment treaty with Switzerland, where it has its main headquarters.

• Saturday, July 9th 2016 - 06:15 UTC

  International anti tobacco philanthropies hail Uruguay´s legal victory against Philip Morris

  

  In a historic public health victory that will be felt around the world, Uruguay has won an international legal battle against Philip Morris International to uphold its strong laws to reduce tobacco use. The event was underlined by international philanthropies, which also supported Uruguay during the litigation.

• Saturday, July 9th 2016 - 05:48 UTC

  Falklands imposes heavy fines for breaching fishing licenses and false reporting

  

  The Falkland Islands government reported on Friday the successful prosecution and significant fines imposed on defendants involved in breaching fishing licenses and providing false information in fishing reports.

• Friday, July 8th 2016 - 06:18 UTC

  Punta Arenas opens “Shackleton, 100 years” exhibition to honor the great explorer and Piloto Pardo

  

  Alexandra Shackleton is in Punta Arenas, extreme south of Chile to open an exhibition dedicated to her grandfather, the great British Antarctic explorer Sir Ernest Shackleton, who became world famous for his resilience, courage and determination in rescuing his stranded crew from the frozen continent, and in which the Chilean navy played a crucial role.

• Friday, July 8th 2016 - 04:53 UTC

  A woman will succeed PM Cameron and lead UK's exit from EU

  

  Two women Theresa May and Andrea Leadsom are battling to become the next leader of the British Conservative party and thus prime minister, the first time since the late Margaret Thatcher. After the second MPs ballot on Thursday, Home Secretary May finished with 199 votes, Energy Minister Mrs. Leadsom 84 and Michael Gove, the justice secretary, 46.

• Friday, July 8th 2016 - 04:49 UTC

  Four US leading banks commit continued support for London as global financial hub

  

  Four of the biggest US banks have committed to helping maintain London's position as a global financial hub after the UK leaves the European Union. Since the referendum vote there have been concerns that banks would reduce their staff and offices in the country.

• Thursday, July 7th 2016 - 07:11 UTC

  Federal Reserve extremely cautious on Brexit aftermath and US job market

  

  Federal Reserve policymakers decided in June that interest rate hikes should stay on hold until they have a handle on the consequences of Britain's vote on EU membership, according to the minutes of the Fed's June policy meeting released on Wednesday.

• Thursday, July 7th 2016 - 06:43 UTC

  US trade deficit soars 10% in May; imports rise and exports fall

  

  United States trade deficit grew by 10% in May as exports fell while imports, particularly from China, rose according to the latest report from the Commerce Department. The deficit rose to US$41.1bn in May compared with US$37.4bn in April, while exports decreased by 0.2%, while imports grew by 1.6%.

• Thursday, July 7th 2016 - 06:33 UTC

  Germany warns EU members about a tax-cuts race to attract Brexit business

  

  German Finance Minister Wolfgang Schaeuble has said he opposes a “race to the bottom” of competitive tax cuts. He spoke after George Osborne pledged to cut UK corporation tax in response to the Brexit vote and from Paris, in an attempt to attract UK businesses, the French government promised its taxes will be the most favorable in Europe.

• Thursday, July 7th 2016 - 06:02 UTC

  Iraq war: UK, pushed by US sent ill-prepared troops into battle with inadequate plans for the aftermath

  

  The United States pushed the UK into military action in Iraq “too early”, a former British ambassador to the UN has said in the wake of the Chilcot report. The long-awaited report said ex-Prime Minister Tony Blair had overstated the threat posed by Saddam Hussein - and military action was not a last resort.