Politics

Saturday, May 14th 2016 - 08:55 UTC
US$ 2 trillion lost to bribery and corruption every year, (2% of global GDP), claims IMF

Bribery and corruption cost the world economy as much as US$2 trillion every year, money that instead could be used to fight poverty, create jobs, and protect the environment. A new report by the International Monetary Fund says the money lost to corruption every year is 2% of the global GDP.
Saturday, May 14th 2016 - 08:34 UTC
Sixth consecutive Chile Day in London; Bachelet/Cameron discuss closer political and cooperation links

The UK was proud to host the sixth consecutive Chile Day in London, as a major international showcase for Chile’s financial market. The event is attended by business leaders from both Chile and the UK, and this year President Bachelet made a very special appearance during her two-day visit including meeting PM David Cameron at 10 Downing Street.
Saturday, May 14th 2016 - 08:02 UTC
Cristina Fernandez and former officials charged with defrauding the state in dollar futures operations

Former Argentine President Cristina Fernandez was charged on Friday with defrauding the state as part of her government's handling of the dollar futures market. Federal judge Claudio Bonadio said that a scheme to keep the Argentine peso inflated by selling dollars below market value would not have been possible without Fernandez's approval.
Saturday, May 14th 2016 - 07:46 UTC
HMS Kent in London: Battle of Jutland centenary commemorations

HMS Kent is visiting London this weekend on her way to take part in the Battle of Jutland centenary commemorations, in which she will play a central role. This year marks 100 years since the Battle of Jutland, the greatest sea battle of the 20th Century.
Friday, May 13th 2016 - 11:43 UTC
Bank of England warns about Brexit dangers, and triggers major controversy

The Bank of England has given its starkest warning yet that a UK vote to leave the EU could hit the economy. Mark Carney, the Bank's governor, warned that the risks of leaving “could possibly include a technical recession”.
Friday, May 13th 2016 - 11:30 UTC
Argentina supports the institutional situation in Brazil, but fears effects of the neighbor's recession

The Argentine government publicly showed its support for the new status quo in Brazil, minutes after the country’s vice-president, Michel Temer, temporarily took power after President Dilma Rousseff was suspended from office after the Senate voted to open impeachment proceedings against her early yesterday morning.
Friday, May 13th 2016 - 08:49 UTC
Anti corruption summit turns the spotlight on rich countries banks and real estate brokers

Thursday’s world summit on fighting corruption was a time for Britain and the United States to look at their own policies and their role as shelters for billions of dollars stolen by corrupt politicians in developing countries.
Friday, May 13th 2016 - 07:39 UTC
Argentina and UK agree on the need to identify areas of cooperation in the South Atlantic

Argentina and UK agreed to disagree on the Falklands/Malvinas question, but coincided that the issue should not be an obstacle for the development of a wider positive agenda. Furthermore the two countries agreed on the need to identify possible areas of cooperation in the South Atlantic, such as exploitation of natural resources, and connectivity between the continent and the Islands.
Friday, May 13th 2016 - 07:13 UTC
Brazil's third Sports minister since March with only 12 weeks to Rio Olympic Games

Brazil shuffled its sports leadership team again on Thursday, just 85 days before the games arrive in Rio de Janeiro. The announcement came after vice president Michel Temer took over as the new acting president amid deep political turmoil. The previous president Dilma Rousseff was forced to temporarily resign following a Congressional vote to begin an impeachment trial against her for breaking budgetary laws.
Friday, May 13th 2016 - 06:58 UTC
Temer cabinet: inflation hawk in Finance and an anti-populist in foreign affairs

Brazilian acting President Michel Temer on Thursday chose leading figures from nine centrist and conservative parties for his Cabinet, which for the first time in decades has no female ministers.