IMF Managing Director Christine Lagarde said the world economy is still in recession and the recovery remains fragile as she warned that, although some progress has been made, the global economic situation is not ideal yet. “We should not delude ourselves into a false sense of security,” she alerted.
Negotiators from 135 nations sealed Wednesday a global deal to stem the illegal tobacco trade that could net governments 50 billion dollars more annually in tax revenues, the World Health Organisation said.
It is a well known and admitted fact that the Chilean regime of General Augusto Pinochet provided very useful intelligence to the British effort to recover the occupied Falkland Islands in 1982.
Half of Argentines believe that the Falklands/Malvinas conflict over which Argentina and Britain went to war 30 years ago, will not be solved, but a clear majority have no doubts about the sovereignty issue, according to a public opinion poll released on Wednesday.
On the 30th anniversary of the invasion of the Falkland Islands Jimmy Burns launches an updated edition of “The Land that lost its Heroes” , How Argentina lost the Falklands war, which draws on unique access to military, diplomatic and intelligence sources in Argetina, the US and the UK plus other key players.
In an open letter the Falklands Islands elected government reminds Nobel Peace laureates that Falklanders as a people have the right to self-determination and that after 200 years of links with Britain, “we would consider any control (of the Islands) by Argentina as alien, and therefore a denial of our rights as a people”.
China’s central bank Governor Zhou Xiaochuan said the US Federal Reserve must consider responsibility of the global effects of its actions as emerging-market economies suffer from capital inflows.
Spain says its national debt will spiral sharply higher this year as data showed unemployment hit a record high in March, complicating efforts to stabilise the country's strained finances.
Uruguay’s credit rating was raised one level by Standard & Poor’s, which means the country has returned to investment grade for the first time in a decade.
Shares in Argentina's biggest energy company, YPF plummeted on Tuesday because of growing investor fear over a possible government plan to seize control of the oil firm.