International

Sunday, June 24th 2012 - 02:43 UTC
Germany’s Bild newspaper becomes 60 and celebrates with 41m circulation

Germany's best-selling newspaper was given away free to almost all of the country's 41 million households on Saturday in a controversial celebration of the daily's 60th anniversary that set a world record for largest circulation.
Saturday, June 23rd 2012 - 07:50 UTC
Moody’s downgrades ratings of 15 big banks; Citigroup strongly criticizes decision

Ratings agency Moody's downgraded 15 of the world's biggest banks, lowering credit ratings by one to three notches to reflect the risk of losses they face from volatile capital markets activities, but banks criticized the move as backward looking.
Saturday, June 23rd 2012 - 07:39 UTC
EU leaders agree growth measures but remain divided on mutualized bonds issue

The leaders of Germany, France, Italy and Spain agreed Friday on a 130 billion Euros package to try to revive economic growth in Europe but differed over whether and how to launch joint bonds to combat the Euro zone's debt crisis.
Saturday, June 23rd 2012 - 03:35 UTC
Uruguay hosts highest Chinese official to ever visit the country

Chinese Premier Wen Jiabao arrived in Uruguay Friday, his first stop on a multi-nation visit to South America. Wen's arrival marks the first time a Chinese premier has visited Uruguay since diplomatic ties were established in 1988.
Friday, June 22nd 2012 - 23:30 UTC
UN Rio+20 summit to redefine sustainable development for mega-cities

By Lord Julian Hunt - One of the most striking changes at Rio+20, compared to the original 1992 Earth Summit, is the extensive discussion of population issues.
Friday, June 22nd 2012 - 22:41 UTC
Hot air about the Falkland Islands reaches the UN

By John J. Metzler (*) At the time of the 1982 invasion, Argentina was run by a military junta who unwisely played the nationalism card and seized the islands 300 miles off the coast of South America.
Friday, June 22nd 2012 - 08:37 UTC
Euro area has reached a “critical stage” for the viability of the monetary union, warns the IMF

The Euro area crisis has reached a “critical stage” and member nations must make a “strong commitment” to the shared currency to stop the plunge in investor confidence, the IMF said in a report that recommends issuing common debt as one solution.
Friday, June 22nd 2012 - 08:31 UTC
Premier Wen Jibao will address China-Latam relations at a conference in ECLAC

Premier of China, Wen Jiabao, will visit the headquarters of the UN Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile, on Tuesday 26 June to deliver a lecture.
Friday, June 22nd 2012 - 08:27 UTC
Canadian company still interested in recapitalization of Uruguay’s national airline

Chorus Aviation Inc. says it is working with the Uruguayan government on the recapitalization of the country’s flag carrier Pluna, just days after the Canadian company said it won't invest more money to bail out the airline.
Friday, June 22nd 2012 - 08:03 UTC
Brazilian iron ore exports drop 19% in value, first time since 2002

Brazilian exports of iron ore from January through May were down 19% in value from the same period last year, according to a report from Sao Paulo based newspaper Folha on Thursday.