Former managing director of the IMF, Michel Camdessus admitted Thursday in Buenos Aires that during his time working for the organization, they 'made many mistakes with Argentina,' particularly highlighting the 90s.
The G20 farm ministers’ summit in Paris agreed on Thursday measures to tackle high food prices in a deal that steered clear of divisive details and paved the way to greater international cooperation on sensitive agricultural issues.
The European Parliament formally endorsed on Thursday Italy's Mario Draghi to be the next president of the European Central Bank. European Union leaders are expected to give their formal backing to the appointment at a summit allowing Draghi, 63, to take over as head of the bank when Jean-Claude Trichet steps down at the end of October.
Chilean experts warned Wednesday that a cork of lava could lead to another explosion at the Puyehue volcano, which has caused major flight disruptions from Argentina to Australia.
With Greece on the precipice of financial collapse and a full Euro confidence crisis looming while EU leaders can’t agree on the next steps, the example of Uruguay in 2002/03 stands out as a successful smart way out of the crisis that spilt over from neighbouring Argentina.
Falkland Islands competitors and delegates, with patience and persistence, finally managed to skip the volcanic ash cloud and are on their way to the Isle of Wight for the NatWest Island Games which open next Saturday.
World food prices that rose 37% in a year, driving 44 million more people into poverty, are a “plague” that needs action from world leaders now, said French President Nicolas Sarkozy during the two-day Group of 20 agriculture ministers in Paris.
FIFA's ethics committee found comprehensive, convincing and overwhelming evidence that Mohamed bin Hammam and Jack Warner were involved in attempted bribery, according to the preliminary report that led to the suspension of the two officials.
The head of PIMCO, the world's biggest bond fund, predicted that Greece and other European economies would default on their debts to resolve their problems as the Euro area deals with its debt crisis.
British Deputy Prime Minister Nick Clegg praised Brazil as an “environmental super-power” underlining the country’s leadership in areas such as renewable energies which he described as one of the pillars of the ‘green economy’ for a more sustainable world.