Argentina will demand that banks grant a new round of low-cost business loans from July through December, totalling about 3.8 billion dollars, the central bank said on Thursday. The decision comes four months ahead of mid-term elections next October.
An Argentine court sentenced former President Carlos Menem to seven years in prison for smuggling weapons to Croatia during the Yugoslav civil war of the 1990s, and to Ecuador. Last year Menem was acquitted along with 17 other defendants, but the Cassation Court convicted 12 of them and urged the judges to change the verdicts.
At least three people were killed and 315 others injured when two trains collided Thursday morning outside Argentina's capital, officials said. The causes of the accident are yet to be determined and have already triggered controversy giving the poor conditions of the Argentine railway system.
The following piece was written by Andrew Ayre, British High Commissioner in Georgetown, Guyana and published in StabroekNews from Guyana.
Chile and the UK held a round of defense talks in London at the end of May as part of the defense and security agreements between the two countries. The talks took place at the Ministry of Defense and were hosted by the UK Minister for International Security Strategy, Dr. Andrew Murrison.
Technical groups from Paraguay and Mexico advanced on Wednesday talks for the creation of an Economic complementation Accord in the framework of the Latam Integration Association, ALADI, which is considered the “step previous to a full free trade treaty”, reported from Asuncion Paraguay’s foreign ministry.
Peruvian president Ollanta Humala said he favoured the incorporation of the United States as observer to the Alliance of the Pacific, a free trade, pro-business and open market group made up of Chile, Colombia, Mexico and Peru.
The next Mercosur summit scheduled for the end of June in Montevideo has been delayed until 12 July, announced Uruguayan Foreign minister Luis Almagro. The new date was agreed by Argentina, Brazil, Uruguay and Venezuela earlier this week.
The British Government has paid tribute to Sir Rex Hunt for his courage and leadership as Governor of the Falkland Islands during Argentina’s 1982 invasion and for his part in the modern, prosperous Falklands of today.
The remarkable transformation of the Falkland Islands into the democratic, prosperous, hardworking community of today was applauded by hundreds of supporters gathered in London for the annual reception in London marking the liberation of the Islands from Argentine invasion and occupation in 1982.