International

Monday, May 27th 2013 - 02:41 UTC
Brazil cancels 900 million dollars of African countries debt

Brazil has announced that it will cancel or restructure almost 900m dollars worth of debt with Africa. Oil- and gas-rich Congo-Brazzaville, Tanzania and Zambia are among the 12 African countries to benefit. The move is seen as an effort to boost economic ties between the world's seventh largest economy and the African continent.
Saturday, May 25th 2013 - 04:17 UTC
Gibraltar becomes 54th member of UEFA and will dispute the Euro Cup 2016

Gibraltar has been accepted as a full member of UEFA, European football's governing body. The application was approved on Friday on a majority vote at the organisation's congress in London, with no votes against and no abstentions.
Friday, May 24th 2013 - 07:30 UTC
Brazil’s Rousseff one of the main speakers at the African Union 50 year celebration

Brazilian president Dilma Rousseff will be attending next Saturday in Ethiopia the fiftieth celebration of the African Unions Organization that preceded the African Union, (AU) and will be one of the main speakers on the opening day.
Friday, May 24th 2013 - 07:23 UTC
British Overseas Territories tax havens hold £ 4 trillion, claims Oxfam

People using tax havens have deprived governments worldwide of £100 billion in revenue, enough to end extreme poverty twice over, according to new figures published by Oxfam. The total amount of lost tax revenue is far higher than £100 billion, as the figure only includes tax dodged by individuals, and not companies.
Friday, May 24th 2013 - 07:10 UTC
As the US before IMF lines up behind Argentina in the litigation with hedge funds

For the first time since the litigation of hedge funds against Argentina the International Monetary Fund warned about the ‘risks’ which would entail ratifying Judge Thomas Griesa ruling condemning Argentina to pay over a billion dollars plus interests to the so called ‘vulture funds’.
Friday, May 24th 2013 - 06:46 UTC
Two suspects of the Buenos Aires AMIA bombing, presidential candidate in Iran

Two suspects in the bombing of the AMIA Jewish centre in Buenos Aires are candidates in Iran’s presidential election. Mohsen Rezai and Ali Akbar Velayati, who are believed to have planned the 1994 attack, were among the eight candidates approved for the June 14 election by Iran’s Guardian Council to succeed Mahmoud Ahmadinejad.
Friday, May 24th 2013 - 06:35 UTC
Russia forced to evacuate Arctic base because of melting ice field

A Russian drifting Arctic research station is to be evacuated because the ice field around it is melting, the environment ministry in Moscow reports. The evacuation order plan to be drawn up within three days for North Pole 40 and its staff of 16 is already operational.
Thursday, May 23rd 2013 - 19:45 UTC
Energy - Balancing the Bonanza: Interview with Mark Thoma

Interview by James Stafford of Oilprice.com - If you want an objective view of energy, ask an economist, who can tell you what to expect to pay at the pump in the coming years, and why, as well as what to expect from medium- and long-term economic growth and what the real drivers will be. These are questions that are crucial to a pending decision by the US government over natural gas exports, and while we know where big oil stands versus its manufacturing rivals—it's the economist who can set things straight.
Thursday, May 23rd 2013 - 19:40 UTC
Global economy to pick up in second half forecasts UN agency

Global economic growth is projected to gain slow momentum for the rest of the year while developing countries will expand an estimated 5%, a United Nations economic forecast said on Thursday.
Thursday, May 23rd 2013 - 19:16 UTC
Cruise industry adopts passenger bill of rights

Cruise Lines International Association (CLIA) announced this week that its Board of Directors approved the adoption of a “Cruise Industry Passenger Bill of Rights” detailing CLIA members' commitment to the safety, comfort and care of guests in a number of important areas.