Politics

• Thursday, July 11th 2013 - 06:43 UTC

  IMF: US pull-back from stimulus could trigger reversal in capital flows and hurt developing countries

  

  The International Monetary Fund trimmed its global growth forecast for the fifth time since early last year due to a slowdown in emerging economies and the woes in recession-struck Europe. In its mid-year health check of the world economy, IMF also warned global growth could slow further if the pull-back from massive monetary stimulus in the United States triggers reversals in capital flows and crimps growth in developing countries.

• Thursday, July 11th 2013 - 01:41 UTC

  Falklands receives €4.13 million in development funds from EU and praise for good governance

  

  Falklands Islands received €4.13 million from the European Union to support sustainable growth through economic diversification under the European Development Fund (EDF) through mid-2013 to early 2016.

• Wednesday, July 10th 2013 - 17:44 UTC

  Falklands: multi-disciplinary plan to help tackle veterans’ trauma

  

  Archaeologists, historians, former service personnel and mental health professionals are meeting in London to discuss a plan to use archaeology to tackle war trauma. The plan is the idea of University of Glasgow academic Dr Tony Pollard and is centred on the Falkland Islands conflict.

• Wednesday, July 10th 2013 - 17:32 UTC

  “Evita” 100-Peso bill are legal tender and must be accepted, warns Argentine central bank

  

  Argentina's central bank has warned businesses to stop rejecting commemorative bank notes bearing the image of Eva Peron to mark the 60th anniversary of the iconic former first lady's death. President Cristina Fernandez, whose fiery speaking style often prompts comparisons with that of “Evita” unveiled the 100-peso bills emblazoned with her profile a year ago.

• Wednesday, July 10th 2013 - 17:25 UTC

  Spain apologizes to Bolivia for ‘any misunderstanding’ regarding Morales plane incident

  

  Spain's foreign minister Tuesday offered apologies to Bolivia's Evo Morales for “any misunderstanding” linked to last week's diversion of the Latin American leader's aircraft, but insisted that Madrid never barred the plane from its airspace. Jose Manuel Garcia-Margallo addressed the issue at a breakfast with reporters in Madrid.

• Wednesday, July 10th 2013 - 06:09 UTC

  Mercosur and Paraguay on collision course; Uruguay insists Venezuela will hold the chair of the group

  

  Paraguay reiterated on Tuesday that if Venezuela assumes as pro termpore chair of Mercosur, it is not interested in returning to the group and discarded Venezuelan President Nicolas Maduro pledge to ensure Paraguay is fully reincorporated.

• Wednesday, July 10th 2013 - 06:05 UTC

  OAS condemns Morales plane incident and urges EU countries involved to apologize

  

  The Organization of American States Permanent Council (OAS) adopted on Tuesday a resolution expressing solidarity with President of Bolivia Evo Morales whose official aircraft last July 2 was delayed because of air space pass-by denial in Europe and urged the European countries involved to provide explanations and apologies.

• Wednesday, July 10th 2013 - 06:01 UTC

  Storm clouds ahead for Chilean economy as world copper prices continue to fall

  

  Chile cut its copper output forecast for the year to 5.53 million tons due to setbacks at certain mines, though production is still expected to jump from 2012 as a new deposit comes online, the mining ministry said this week.

• Wednesday, July 10th 2013 - 05:57 UTC

  Global Euro use slips in 2012; Dollar remains king; Canada and Australian currencies emerge

  

  International use of the Euro slipped last year because of the debt crisis in Europe, but the US dollar held its own as the world’s leading currency for reserves held by central banks, according to the European Central Bank.

• Wednesday, July 10th 2013 - 05:50 UTC

  NYSE takes control of LIBOR setting, following collusion from leading banks

  

  The owner of the New York Stock Exchange is set to take control of a key scandal-hit bank interest rate. NYSE Euronext has won the contract for setting the London Inter-bank Offered Rate (Libor), a government-backed committee announced. Libor is used to set trillions of dollars of financial contracts.