International

Saturday, October 19th 2013 - 17:53 UTC
In show of Latam unity Chile is elected to the UN Security Council

The United Nations General Assembly elected this week Chad, Chile, Lithuania, Nigeria and Saudi Arabia to serve as non-permanent members on the Security Council for two-year terms beginning on 1 January 2014. The five countries obtained the required two-thirds majority of those Member States present and voting in the 193-member Assembly.
Saturday, October 19th 2013 - 16:11 UTC
Argentina pays 500m dollars and settles pending disputes with private companies

Argentina agreed to compensate five companies that won rulings over investment disputes as the country looks for the World Bank to approve 3 billion dollars in loans. The companies agreed to accept payment in dollar bonds and to reduce the principal amount of their awards by 25%, the Argentine economy ministry said Friday in a statement.
Saturday, October 19th 2013 - 16:06 UTC
Saudi Arabia furious with the US, is not taking seat on UN Security Council

Saudi Arabia, in a display of anger at the failure of the international community to end the war in Syria and act on other Middle East issues, said it would not take up its seat on the United Nations Security Council.
Saturday, October 19th 2013 - 15:50 UTC
Italian Senate votes in November to expel Berlusconi and bar him from politics for six years

Milan court ruled that former Prime Minister Silvio Berlusconi should be barred from holding public office for two years following a conviction for tax fraud. But, since Berlusconi is a senator, the court's decision will have no immediate effect and his expulsion from the Senate will depend on a separate vote in the upper house of parliament, expected to take place next month.
Saturday, October 19th 2013 - 15:36 UTC
Italy tax collectors formally notified Maradona of his debt: 39 million Euro

Italy’s tax collection agency says it has formally notified Diego Maradona that it will begin procedures to freeze his assets in Italy to pay off his tax debt of 39 million Euros or 53 million dollars.
Thursday, October 17th 2013 - 20:12 UTC
Russia making inroads as defence and technology supplier to Brazil

Brazil is pushing ahead with a planned one billion dollars purchase of anti-aircraft missile batteries from Russia in a deal that will cement a strategic defence partnership between the two BRICS nations, the Brazilian Defence Ministry said.
Thursday, October 17th 2013 - 19:49 UTC
UK sets out its Arctic policy with “legitimate interests in the region” and priorities

The United Kingdom government set out its approach and policy on the Arctic in a paper released on Thursday and titled: Arctic Policy Framework - Adapting To Change: UK policy towards the Arctic.
Wednesday, October 16th 2013 - 08:29 UTC
Spain will not seek support on Gibraltar from the coming Ibero-American summit

Spain will not seek support from the Ibero-American summit to call on the UK to resume the bilateral dialogue on Gibraltar’s sovereignty as Argentina has done traditionally with the Falklands/Malvinas issue, according to Spanish diplomatic sources reported in the Madrid media.
Wednesday, October 16th 2013 - 08:18 UTC
Hedge funds request US Appeals court to lift hold on a ruling to repay holders

US hedge funds fighting Argentina for repayment on defaulted debt asked a US appeals court on Tuesday to lift its hold on a ruling that ordered Argentina to repay the holders.
Wednesday, October 16th 2013 - 00:33 UTC
Premier Oil, with Falklands’ interests buys into exploration project in Kenya

Premier Oil, which has a farm in agreement with Falkland Islands Rockhopper Exploration, is buying into an exploration project in Kenya, by farming into onshore Block 2B.