Politics

• Friday, April 9th 2010 - 02:49 UTC

  Gibraltar and Foreign Office disagree on waters’ “sovereignty” or “control”

  

  Britain and Gibraltar will use different legal arguments in challenging the European Commission’s decision to twice approve a Spanish nature site with British Gibraltar waters. While Gibraltar is focusing on British sovereignty of the waters, Britain itself has centred its case on the issue of control, reports the Gibraltar Chronicle.

• Friday, April 9th 2010 - 00:52 UTC

  The Uruguayan 2003 controlled default model, a way out for Greece?

  The Uruguayan default model of 2003, under the auspices of the IMF, is a possible way out for the Greek situation according to Professor Reinhart (*), a world authority in sovereign defaults. The idea surfaced in an interview with the Telegraph.co.uk, Ambrose Evans-Pritchard who has covered world politics and economics for 25 years, based in Europe, the US, and Latin America.

• Thursday, April 8th 2010 - 23:39 UTC

  OECD votes for PM Brown and fourth Labour term

  

  Prime Minister Gordon Brown’s bid for a fourth Labour term received a boost this week with a forecast that the UK would pull out of recession faster than many major international rivals.

• Thursday, April 8th 2010 - 23:07 UTC

  Punta Arenas school children receive wood pieces instead of laptops

  

  Chile’s Ministry of Education has ordered an administrative and criminal investigation into the disappearance of laptops to be distributed among school children.

• Thursday, April 8th 2010 - 18:34 UTC

  Chile’s passion for soccer fading but great enthusiasm with “La Roja”

  

  Chile’s passion for soccer appears to be fading, notwithstanding the national “La Roja” team’s recent success in making it to this year’s World Cup games in South Africa.

• Thursday, April 8th 2010 - 04:25 UTC

  Mujica consolidates close trade and energy links with Venezuela

  

  Venezuelan President Hugo Chavez offered Wednesday to help Uruguay expand a refinery and supply it with crude oil. Chavez and visiting Uruguayan President Jose Mujica signed several accords pledging to deepen trade and energy ties between the two nations.

• Thursday, April 8th 2010 - 04:21 UTC

  Brazil and US sign defence cooperation accord next week, first since 1977

  

  Brazil and the United States will sign a defence-cooperation agreement next week, Defence Minister Nelson Jobim said Wednesday. This would be the first major bilateral military cooperation agreement since 1977.

• Thursday, April 8th 2010 - 04:10 UTC

  Chavez announce rainfall in central Venezuela will help reverse energy crisis

  

  Heavy downpours that have swept away two people and flooded homes in central Venezuela were hailed by President Hugo Chavez as an early start to the rainy season that may mark the end of an extended electricity crisis.

• Wednesday, April 7th 2010 - 23:57 UTC

  US federal judge rules in favour of Argentine sovereign bonds “holdouts”

  

  A United States federal judge ruled in favour of seizing 105 million US dollars from the Argentine Central Bank deposits in New York in order to pay the debt the country holds with two investment funds.

• Wednesday, April 7th 2010 - 23:40 UTC

  Bernanke warns US economy still faces ailing housing and employment

  

  United States Federal Reserve Chairman Ben Bernanke cautioned the US economy still faces significant headwinds, including a housing sector that has yet to recover convincingly and an ailing employment market.