Politics

• Tuesday, April 5th 2016 - 06:26 UTC

  Brazil's defense makes its case before the congressional impeachment committee

  

  Attorney General Jose Eduardo Cardozo told the congressional impeachment committee Monday that Rousseff had done nothing wrong and to remove her would be tantamount to a putsch.“As such, impeaching her would be a coup, a violation of the constitution, an affront to the rule of law, without any need to resort to bayonets,” Cardozo told the 65-member committee.

• Tuesday, April 5th 2016 - 06:06 UTC

  Macri admits he was member of family offshore society, but it was reported to the Argentina tax office

  

  Argentine President Mauricio Macri came on stage on Monday to defend himself as he is one of the world leaders to appear as director of an offshore society in the so called “Panama Papers” leak that triggered a worldwide scandal.

• Tuesday, April 5th 2016 - 05:53 UTC

  US looking for evidence of corruption and violation of US law in Panama Papers

  

  The United Stated Department is reviewing the leaked documents from a Panamanian law firm that reveal the offshore financial arrangements of global politicians and public figures, a department spokesman said on Monday. The department is determining whether the documents point to evidence of corruption and other violations of US law.

• Tuesday, April 5th 2016 - 05:47 UTC

  Panama Papers: Brazil with 57 names including companies and politicians from all parties

  

  Politicians from seven parties in Brazil were named as clients of a Panama-based firm at the center of a massive data leak over possible tax evasion, O Estado de S.Paulo said on Monday.

• Monday, April 4th 2016 - 04:25 UTC

  Genscher, an architect of reunification and modern Germany dies in Bonn

  

  Hans-Dietrich Genscher, a widely respected German elder statesman who helped break down international resistance to the 1990 reunification of East and West Germany, died on Thursday at his home near Bonn. He was 89. His office confirmed the death, saying he had been stricken by heart failure. Bonn was West Germany’s capital during the Cold War.

• Monday, April 4th 2016 - 04:20 UTC

  Argentine Army reiterates its commitment to the Malvinas cause on invasion anniversary

  

  Argentina’s Army Chief Diego Luis Suner said on Saturday that the “Malvinas cause” continues to be a “national, standing and inalienable objective” of the Argentine people. The statement was made on the 34th anniversary of the South Atlantic conflict that was triggered by the Argentine military invasion of the Falklands in 1982.

• Monday, April 4th 2016 - 04:12 UTC

  Petrobras launches voluntary layoff program to cut 12.000 jobs

  

  Brazil's embattled oil company Petrobras said it will launch a voluntary layoff program to cut an estimated 12,000 jobs in a bid to save up to 33 billion reais ($9.20 billion) by 2020. The program will cost 4.4 billion reais and is open to all employees, according to a statement from Petrobras, which has been hard hit by low oil prices, refinery project problems and a massive price-fixing, bribery and political kickback scandal.

• Monday, April 4th 2016 - 04:04 UTC

  Macri's ministers pledge not a single day rest in the fight for Malvinas sovereignty

  

  ”There's not going to be a single day in the four years of (President Mauricio Macri) government in which we will not continue to fight for our rights in the South Atlantic”, said Argentine Interior minister Rogelio Frigerio during the April 2 commemoration of Malvinas war veteran and Fallen Day in Ushuaia, Tierra del Fuego.

• Sunday, April 3rd 2016 - 07:52 UTC

  Mega corporation Odebrecht involved in Petrobras case, plans to sell assets to meet debt obligations

  

  Troubled Brazilian construction company Odebrecht SA plans to sell about 12 billion reais (US$3.4 billion) in assets to help meet its debt obligations, according to the builder’s chief executive officer. The company had a gross debt of 85 billion reais in 2014, the most recent figure available, but much of it is long-term debt and the biggest payments start only in 2025, Odebrecht CEO Newton de Souza said in an interview published Friday in the Folha de S. Paulo newspaper.

• Sunday, April 3rd 2016 - 07:43 UTC

  US economy gains confidence: 215.000 more jobs in March and 1.4% growth in fourth quarter

  The US economy added 215,000 jobs in March, a little less than it did in February when 242,000 jobs were created. The unemployment rate has risen to 5% from 4.9%, which was an eight-year low, but the Labor Department said more Americans were finding jobs, which suggested a sign of confidence in the US economy. In effect this follows the report on the US economy which grew at an annualized rate of 1.4% in the fourth quarter of 2015s.