International

• Thursday, July 11th 2013 - 07:22 UTC

  Falklands: Ambassador Castro renews sovereignty claims and blasts the US for spying

  

  Argentine ambassador to the United Kingdom Alicia Castro renewed Argentina’s sovereignty claims over the Falkland Islands and put the Edward Snowden spy row on London’s table: “We are free nations that neither need nor want to be spied on,” Castro warned.

• Thursday, July 11th 2013 - 07:04 UTC

  China blesses Taiwan economic accords if ‘one-China’ policy is respected

  

  China accepts that Taiwan signs economic cooperation agreements with other countries as long as they are not political and those countries do not interfere with the ‘one China policy’ which considers the island a province part of the nation, and not two nations as defended by Taipei.

• Thursday, July 11th 2013 - 06:58 UTC

  One third of world’s population benefits from effective tobacco control measure

  

  At 2.3 billion, the number of people worldwide covered by at least one life-saving measure to limit tobacco use has more than doubled in the last five years, according to the WHO Report on the Global Tobacco Epidemic 2013. The number of people covered by bans on tobacco advertising, promotion and sponsorship, the focus of this year’s report, increased by almost 400 million people residing mainly in low- and middle-income countries.

• Thursday, July 11th 2013 - 06:53 UTC

  Time for China to become more Brazilian

  

  By Markus Jaeger (*) - What could China possibly learn from Brazil, economically? After all, real GDP growth in Brazil averaged 2.75% annually over the past three decades, compared to 10% in China. Moreover, Brazil’s consumption-oriented growth model is about to exhaust itself, while China’s investment-focussed strategy continues to generate high, if somewhat diminished economic growth.

• Thursday, July 11th 2013 - 06:43 UTC

  IMF: US pull-back from stimulus could trigger reversal in capital flows and hurt developing countries

  

  The International Monetary Fund trimmed its global growth forecast for the fifth time since early last year due to a slowdown in emerging economies and the woes in recession-struck Europe. In its mid-year health check of the world economy, IMF also warned global growth could slow further if the pull-back from massive monetary stimulus in the United States triggers reversals in capital flows and crimps growth in developing countries.

• Thursday, July 11th 2013 - 06:34 UTC

  China’s June fall in exports and imports anticipate grim outlook for world trade

  

  China has warned of a grim outlook for trade as the world's second-largest economy surprised financial markets by reporting a fall in exports and imports when both had been expected to rise. The June data showed that exports fell 3.1% from a year earlier and imports dropped 0.7%, according to customs officials.

• Thursday, July 11th 2013 - 01:41 UTC

  Falklands receives €4.13 million in development funds from EU and praise for good governance

  

  Falklands Islands received €4.13 million from the European Union to support sustainable growth through economic diversification under the European Development Fund (EDF) through mid-2013 to early 2016.

• Wednesday, July 10th 2013 - 17:25 UTC

  Spain apologizes to Bolivia for ‘any misunderstanding’ regarding Morales plane incident

  

  Spain's foreign minister Tuesday offered apologies to Bolivia's Evo Morales for “any misunderstanding” linked to last week's diversion of the Latin American leader's aircraft, but insisted that Madrid never barred the plane from its airspace. Jose Manuel Garcia-Margallo addressed the issue at a breakfast with reporters in Madrid.

• Wednesday, July 10th 2013 - 06:05 UTC

  OAS condemns Morales plane incident and urges EU countries involved to apologize

  

  The Organization of American States Permanent Council (OAS) adopted on Tuesday a resolution expressing solidarity with President of Bolivia Evo Morales whose official aircraft last July 2 was delayed because of air space pass-by denial in Europe and urged the European countries involved to provide explanations and apologies.

• Wednesday, July 10th 2013 - 05:57 UTC

  Global Euro use slips in 2012; Dollar remains king; Canada and Australian currencies emerge

  

  International use of the Euro slipped last year because of the debt crisis in Europe, but the US dollar held its own as the world’s leading currency for reserves held by central banks, according to the European Central Bank.