International

• Tuesday, May 15th 2012 - 01:36 UTC

  YPF’ golden boy in 2009 was offered the same job but his demands were considered ‘excessive’

  

  Miguel Galuccio the new CEO of seized oil corporation YPF had already discussed conditions with the Argentine government for the job back in 2009, reveals the Spanish press. At that time no agreement was reached because the salary and other conditions he demanded were considered excessive.

• Tuesday, May 15th 2012 - 00:52 UTC

  EU agrees to file a trade suit with WTO against Argentina’s import restrictions

  

  The European Union has agreed to file a trade suit against Argentina's import restrictions with the World Trade Organization (WTO), a senior Spanish government source said on Monday, reports Reuters.

• Tuesday, May 15th 2012 - 00:45 UTC

  Italian Army on call to deal with growing violence; links with Greek anarchists

  

  Italy's Prime Minister has not ruled out bringing in the army to deal with the increasing levels of violence across the country. PM Mario Monti raised alert levels Sunday at sensitive sites across the country after a rebel group shot and wounded the head of the state-controlled nuclear energy company, Ansaldo Nucleare.

• Monday, May 14th 2012 - 23:22 UTC

  Bio-fuels expert forecast Argentina will become EU main supplier in spite of Spain

  

  Bio-fuels expert Christopher Berg and head of F.O. Licht forecasted that Argentina this year will become the largest exporter of bio-diesel to the European Union in spite of the Spanish veto to imports in retaliation for the seizure of YPF.

• Monday, May 14th 2012 - 23:17 UTC

  Argentina writes to EU expressing “great concern” because of Spanish ban on bio-diesel

  

  The Argentine government expressed “great concern” on Monday following the decision from the Spanish government to ban bio-diesel “not produced within the European Union” from the country.

• Monday, May 14th 2012 - 19:16 UTC

  Spain's ‘indignados’ promise a great turnout on first anniversary, May 15

  

  Protests of “indignados” continue in Madrid and Barcelona in spite of arrests and members of the 15-M movement have promised they will not abandon streets and plazas until after the anniversary of the first protest in Puerta del Sol a year ago on Tuesday.

• Monday, May 14th 2012 - 19:11 UTC

  Germany prepares to receive Hollande but insists on tight austerity measures

  

  The European Union cannot amend agreed rules on tighter fiscal discipline despite voters' rejection of austerity policies in several countries, and France's new leader must understand this, Germany's finance minister said.

• Monday, May 14th 2012 - 18:29 UTC

  China opens its market to Chilean beef and lamb plus avocados and berries

  

  China has opened its market to Chilean meat, avocados and blueberries following the visit of Agriculture minister Luis Mayol who anticipated further discussions for the sale of live cattle and dairy produce.

• Monday, May 14th 2012 - 05:34 UTC

  EC brighter outlook for 2013: UK expands 1.7% and Euro zone 1.3%

  

  The slow economic recovery is in sight across Europe, the European Commission said on Saturday, with the UK in line for 1.7% growth next year compared with an EU average of 1.3%.

• Monday, May 14th 2012 - 05:31 UTC

  Fuel costs and Spanish recession hit British Airways-Iberia with mounting losses

  

  Rising fuel costs and the impact of Spain’s economic crisis left the owner of British Airways and Iberia nursing big quarterly losses. International Airlines Group was also hit by industrial action by pilots at Iberia as it recorded losses of 263 million Euros for the three months to March 31, against a deficit of 47 million Euros a year earlier.