International

• Monday, May 7th 2012 - 19:19 UTC

  Medvedev-Putin, now becomes Putin-Medvedev for the next six years

  

  Vladimir Putin, who was officially sworn in for a third term as president of Russia on Monday after four years of serving as the country’s prime minister, has nominated his predecessor Dmitry Medvedev to replace him as prime minister.

• Monday, May 7th 2012 - 17:33 UTC

  Argentina takes official control of YPF; Rajoy asks: who can trust that country?

  

  The Argentine decision to seize control of 51% of YPF oil and gas giant came into effect on Monday as a decree was published on the Official Gazette. From Spain a new barrage of criticisms in support of Repsol and condemning Argentina started the week.

• Monday, May 7th 2012 - 17:28 UTC

  EU ready to cut trade benefits to Argentina because of YPF; warns the region on growing protectionism

  

  European Trade Commissioner Karel de Gucht expressed concern Monday over what he called a “growing tendency towards protectionism across Latin America” and warned Europe is preparing retaliation measures against Argentina after YPF expropriation

• Monday, May 7th 2012 - 07:21 UTC

  Malvinas spot could ruin Argentine Olympic team spirit, warns athletes’ delegate

  

  The controversial Malvinas/Olympics advert promoted by the Argentine government ahead of the London Games not only has had negative reactions worldwide but has also triggered deep concern among members of the Argentine Olympic team.

• Monday, May 7th 2012 - 07:02 UTC

  Malvinas/Olympics advert athlete now admits he was aware the filming was for the Argentine government

  

  Argentine athlete Fernando Zylberberg involved in the controversial Malvinas/Olympics advert which is being aired by the Argentine government, contrary to his original statements, has admitted he knew the spot filmed in the Falkland Islands would be used by the government.

• Monday, May 7th 2012 - 05:43 UTC

  Latam-Asia trade expanding at an annual rateo f 20.5%, reaching 442bn in2011

  

  Trade between Asia and Latin America reached 442 billion dollars in 2011 growing at an annual rate of 20.5% in the last twelve years according to a joint report from the Inter American Development Bank and the Asian Development Bank.

• Monday, May 7th 2012 - 04:52 UTC

  Greek seism rejects ‘bail-out’ parties and sends shockwaves to the EU

  

  Greece's two governing parties, which back tough austerity measures, have lost their parliamentary majority in Sunday's election. With almost all votes counted, centre-right New Democracy is leading with 19%, down from 33.5% in 2009.

• Monday, May 7th 2012 - 04:33 UTC

  Hollande first scheduled meeting with Merkel in Berlin to address austerity and growth

  

  A victorious Francois Hollande faces a short honeymoon after his election as France's first Socialist president in 17 years, with financial markets eager for clear signals on his policies and how hard he plans to push back against German-led austerity.

• Monday, May 7th 2012 - 04:11 UTC

  Timerman tells Hammond world is safer with creativity than “bombing civilians”

  

  Argentine Foreign Minister Héctor Timerman replied to recent demands of an apology made by UK Defence Minister Phillip Hammond over a controversial Olympic advert shot in the Falkland Islands, and urged London to “honour the deaths of those who died in the 1982 conflict by constructing peace.”

• Monday, May 7th 2012 - 04:02 UTC

  Y&R says the controversial (Malvinas/Olympics) advert “belongs to the client”

  

  The creative managing director of Young & Rubicam Buenos Aires said that is spite of the request from the central office in New York it can’t force the Argentine government to withdraw the controversial advert linking the Falklands/Malvinas claim with the coming Olympic Games in London.