US Treasury Secretary Timothy Geithner threw his weight on Tuesday behind a Franco-German plan to tackle the Euro zone's sovereign debt crisis and said the European Central Bank had to play a major role in any solution.
German Finance Minister Wolfgang Schaeuble said Standard & Poor’s downgrade warning for 15 Euro- area governments will spur European leaders to double efforts to resolve the debt crisis at the Dec. 8-9 summit.
The potential of India for Latinamerican exports and investment opportunities was underscored during the presentation of a report “India and Latin America and the Caribbean, opportunities and challenges in trade and investment relations” sponsored by the UN Economic Commission for Latin America and the Caribbean, ECLAC.
The Tripartite Forum which includes Spain, UK and Gibraltar is dead and the incoming Conservative government of Mariano Rajoy is not willing to accept Gibraltar as a third party in sovereignty talks over the disputed British Overseas Territory.
The International Olympic Committee has shelved an investigation into former FIFA head Joao Havelange after he resigned as an IOC member just days before an ethics hearing into his conduct, IOC President Jacques Rogge told reporters.
A luxury sports car outing in Japan has ended in what may be one of the most expensive car crashes in history. Eight Ferraris, three Mercedes-Benzes, a Lamborghini and two other vehicles were involved in the pile-up in the southern prefecture of Yamaguchi.
The Spanish government has expressed ‘concern’ about claims from the Vigo-based fleet operating in the south-west Atlantic which has come under continuous harassment from Argentine naval patrols claiming they are fishing ‘illegally’ in ‘Argentine waters’ in spite of having licences awarded by the Falkland Islands government.
French President Nicolas Sarkozy and German Chancellor Angela Merkel met in Paris on Monday to align their positions on centralizing control of Euro zone budgets to stem a debt crisis that threatens Europe's currency union.
The US top Republican on the Senate Foreign Relations Committee said President Barack Obama is missing opportunities to strike closer ties with Brazil, allowing China to steal market share from US companies in Latin America’s biggest economy.
French President Nicolas Sarkozy and German Chancellor Angela Merkel meet on Monday in Paris the kick off for a round of talks involving European leaders, the European Central Bank (ECB) and US Treasury Secretary Timothy Geithner, culminating in Brussels on Friday with an EU summit.