International

• Monday, July 7th 2014 - 07:10 UTC

  Lagarde cautious about growth momentum; infrastructure investment needed

  

  Global economic activity should strengthen in the second half of the year and accelerate in 2015, although momentum could be weaker than expected, IMF chief Christine Lagarde said, hinting at a slight cut in the Fund's growth forecasts.

• Monday, July 7th 2014 - 06:50 UTC

  World Cup tickets resale and investigation becomes major scandal for FIFA

  

  World football governing body FIFA has revealed that the son of Argentina Football Association (AFA) president Julio Grondona, Humberto, must present a report explaining his actions following a scandal over the resale of tickets at the 2014 World Cup.

• Saturday, July 5th 2014 - 08:59 UTC

  Queen Elizabeth christens new aircraft carrier; the largest ship built for the Royal Navy

  

  The Royal Navy’s new aircraft carrier has been officially named by Her Majesty the Queen at a ceremony in Scotland on Friday. Hundreds of workers who have helped to build the HMS Queen Elizabeth, along with the ship’s company, joined the Prime Minister, Defence Secretary, military Chiefs and dignitaries to witness Her Majesty christen her namesake with a bottle of whisky.

• Friday, July 4th 2014 - 06:50 UTC

  Draghi pledges monetary stimuli to revive the economy and avoid deflation

  

  European Central Bank president Mario Draghi reiterated on Thursday that he'll keep interest rates low as officials try to revive the region's economy with a new round of emergency measures.

• Friday, July 4th 2014 - 06:18 UTC

  EC visit and review of Gibraltar/Spain border welcomed by Minister Lidington

  

  UK Minister for Europe David Lidington welcomed Thursday’s return visit to Gibraltar by the European Commission to review progress towards addressing delays at the Gibraltar-Spain Border. Lidington recently visited Gibraltar to check the situation at the border and incursions by Spanish vessels of the Rock's waters.

• Thursday, July 3rd 2014 - 06:26 UTC

  Roubini warns about negative consequences from the Argentine case

  

  The economist famous for predicting the 2008 financial crisis has analyzed Argentina’s current dispute against vulture funds warning “holdouts must not be permitted to block orderly restructurings that benefit debtors and creditors.”

• Thursday, July 3rd 2014 - 06:14 UTC

  “Greece is not Argentina”, PM Samaras tells the European Parliament

  

  Greek Prime Minister Antonis Samaras said “Greece is not Argentina” and pledged his country will avoid Argentina’s fate of staying mired in economic troubles more than a decade after defaulting on debt.

• Wednesday, July 2nd 2014 - 23:51 UTC

  Argentina loses trade restrictions case at WTO, says Brazilian financial media

  

  The World Trade Organization has ruled that a swath of import regulations imposed by Argentina violate international trade rules, according to the Buenos Aires media quoting diplomatic sources and Brazil's financial press. The ruling favors 43 countries those two years ago claimed Argentina had imposed trade barriers.

• Wednesday, July 2nd 2014 - 07:45 UTC

  Main French bank agrees to 9bn dollars settlement with US prosecutors

  

  France's largest bank, BNP Paribas, has agreed to a record 9bn dollars settlement with US prosecutors over allegations of sanctions violations. As part of the deal, the bank will plead guilty to two criminal charges of breaking US sanctions against trade with Sudan, Iran and Cuba.

• Wednesday, July 2nd 2014 - 07:35 UTC

  EU upholds ban by France on wearing the Muslim full-face veil: niqab

  

  The European Court of Human Rights has upheld a ban by France on wearing the Muslim full-face veil, the niqab. A case was brought by a 24-year-old French woman, who argued that the ban on wearing the veil in public violated her freedom of religion and expression.