International

• Monday, May 16th 2016 - 18:52 UTC

  April FAO Food Price Index 10% below a year ago; South America soy prospects less favorable

  

  The FAO Food Price Index (FFPI) averaged 151.8 points in April 2016, up 1.1 points (0.7 percent) from March, but almost 10 percent below its April 2015 level. A relatively strong rise in vegetable oil quotations coupled with a more modest gain in international prices of cereals more than offset a decline in dairy and sugar prices.

• Monday, May 16th 2016 - 18:45 UTC

  Petrobras implosion takes a major player from the floating production systems market

  

  Brazil´s Petrobras problems has taken a major player from the market for new floating production systems in the oil business, according to a report from the industry. In effect absence of new contracts has forced fabricators and equipment suppliers to make huge cutbacks in personnel and spending and the past 12 to 18 months have been a difficult period the whole deepwater production sector.

• Monday, May 16th 2016 - 07:15 UTC

  More trouble in FIFA: head of audit committee resigns; dispute over Infantino's salary

  

  Domenico Scala, chairman of FIFA’s audit and compliance committee, announced his resignation on Saturday following the implementation of a new measure at the world football governing body, which he believes will “deprive [the committee] of its independence”.

• Monday, May 16th 2016 - 07:06 UTC

  FIFA appoints a woman from Senegal first secretary general

  

  FIFA has appointed Fatma Samba Diouf Samoura from Senegal as the federation's first female secretary general. She succeeds former FIFA No.2 Jerome Valcke, who was recently banned from football for 12 years for a series of ethics violations.

• 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 - 05:34 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 - 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.