Politics

Friday, January 22nd 2016 - 07:21 UTC
Ecuador disenchanted with OPEC policy will work as if the cartel 'did not exist'

Ecuador President Rafael Correa said that his government was “tired” of pushing OPEC to decrease output and that the nation would keep working as if the oil cartel “did not exist.”
Friday, January 22nd 2016 - 07:05 UTC
Lula furious over bribe allegations says he's the most honest man in Brazil

Brazil's ex president Lula da Silva declared that there is “no more honest living soul in the country” than him, as he angrily rejected new corruption allegations linking himself and some of his relatives to the corruption scandal involving state-run oil company Petrobras.
Friday, January 22nd 2016 - 05:12 UTC
Banks don't discard credit-short Venezuela will undergo a 'credit event' in 2016

Slumping crude prices have investors and analysts warning of a potential messy default in Venezuela, with state-owned oil company PDVSA owing some US$10 billion in external debt payments due this year. With crude hovering around US$28 per barrel, Venezuela could have trouble satisfying its obligations.
Friday, January 22nd 2016 - 04:45 UTC
Macri/Cameron coincide on new relationship; Falklands left for further on

Argentine President Mauricio Macri met on Thursday with British Prime Minister David Cameron in Davos as both leaders attend the World Economic Forum in Switzerland. The atmosphere of the meeting was described as 'very positive' and several steps of a new relationship were announced, while the Falklands/Malvinas issue was left for further on.
Friday, January 22nd 2016 - 04:33 UTC
UK position on Falklands remains as expressed by 2013 referendum, Cameron tells Macri

The United Kingdom government has released a statement pointing out the “three areas” British Prime Minister David Cameron and President Mauricio Macri “covered” during their Davos meeting on Thursday.
Friday, January 22nd 2016 - 04:15 UTC
US announced support for Argentina at multilateral development banks

The United States is ending its policy of opposing most lending to Argentina from multilateral development banks, the US Treasury Department announced. US Treasury Secretary Jack Lew informed Argentine Finance Minister Alfonso Prat-Gay of the move on Thursday when the two met in Davos, Switzerland, the department said in a statement.
Friday, January 22nd 2016 - 04:04 UTC
Infantino secures backing from several European federations for his FIFA presidency bid

Gianni Infantino has secured the backing of the German and Icelandic FAs and could end the week with significant support from Europe’s 53 federations after meetings in Nyon. The Iceland FA confirmed support on Thursday, with Infantino tweeting “Many thanks to the Football Association of Iceland for the support. Together we can take FIFA forward!”
Thursday, January 21st 2016 - 07:52 UTC
Colombia's peace deal to end war almost there; joint request to UN Security Council

Colombia’s government and rebel guerrillas Revolutionary Armed Forces of Colombia (FARC) agreed to jointly ask the United Nations Security Council to help monitor and verify a future rebel disarmament, should the two sides reach a final peace deal to end their 50-year-old war, crossing a major stepping stone on the road to ending Latin America’s longest-running conflict.
Thursday, January 21st 2016 - 07:46 UTC
“Do not forget the poor” Francis tells the global economic elite in Davos

Pope Francis told members of the world's wealthy political and economic elite that they should not be deaf to the cry of the poor and must consider their own role in creating inequality. New technologies such as robotics must also not be allowed to replace humans with “soulless machines,” he said in a message to the World Economic Forum in Davos.
Thursday, January 21st 2016 - 07:33 UTC
Argentine Finance minister expected to meet IMF chief to renew formal ties

Argentine Finance Minister Alfonso Prat-Gay is planning to meet with IMF's Christine Lagarde at the World Economic Forum in Davos, Switzerland, to discuss resuming formal ties with the international lender, according to a report published by Bloomberg.