Politics

Thursday, August 27th 2015 - 04:53 UTC
Spain confident its Gibraltar tough policy is 'bearing fruit' and will continue

The Spanish Government’s measures toward Gibraltar are ‘bearing fruit, Spain’s Foreign Minister Jose Manuel García-Margallo said in a weekend interview in which he vowed to maintain pressure on the Rock. Although the minister’s tough language on Gibraltar was nothing new, it was the second time within the space of a week that he had spoken out on the Rock.
Thursday, August 27th 2015 - 04:41 UTC
Dilma has an extra 12 days to show 'non-doctored' government accounts

Brazil's highest accounting court gave another 15 days for President Dilma Rousseff to respond to accusations she doctored the government accounts last year to hide the deterioration of the country's finances.
Thursday, August 27th 2015 - 04:35 UTC
Brazil unemployment climbs to 8.3% in 2Q; auto industry starting layoffs

Brazil’s unemployment rate rose to 8.3% in the second quarter, according to a release from the Brazilian Institute for Geography and Statistics, IBGE. The ranks of the jobless expanded to 8.4 million people during the April-June period.
Thursday, August 27th 2015 - 02:36 UTC
Guatemala Supreme Court approves impeachment of president Otto Perez

The Guatemalan Supreme Court approved a request by the country’s attorney general to impeach President Otto Perez over his suspected involvement in a racket to siphon customs revenue from the government, and passed the matter to Congress for approval.
Thursday, August 27th 2015 - 02:22 UTC
Ex Guatemala vice-president accused of fraud denied bail and sent to an ordinary jail

A Guatemalan judge ruled Wednesday that former vice president Roxana Baldetti must remain in jail pending trial on charges of defrauding the customs service of millions of dollars. Judge Miguel Angel Galvez said he considered it “prudent” to deny bail to Baldetti, whom prosecutors and a special UN investigative commission accuses her of masterminding a customs bribery ring along with President Otto Perez.
Thursday, August 27th 2015 - 01:50 UTC
Montevideo to build a 1.000 meter-pier and storage facilities for fishing industry

Spanish engineering and renewable energy company Abengoa announced it has won a contract to build a new fishing terminal in the port of Montevideo, Uruguay, a contract worth 81 million Euros ($93 million). The terminal will be constructed in Capurro, a district in Montevideo helping to expand the port's capacity, Abengoa said.
Wednesday, August 26th 2015 - 16:38 UTC
Chevening scholarships for 31 professionals from Uruguay

A record of 31 professionals from Uruguay have been awarded with Chevening scholarships to study courses in different disciplines in the United Kingdom. Chevening are UK government’s global scholarship program, funded by the Foreign and Commonwealth Office and partner organizations, such as Uruguay's research and innovation office, ANII.
Wednesday, August 26th 2015 - 07:02 UTC
“Using cheap money to tackle economic problems rather than reform must stop”

Central banks are under too much pressure to fix struggling economies, according to the man in charge of India's monetary policy. Reserve Bank of India governor Raghuram Rajan hinted that using cheap money to tackle economic problems - rather than painful reform - had to stop.
Wednesday, August 26th 2015 - 06:08 UTC
China gives banks more leeway and pumps liquidity to the system

China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe.
Wednesday, August 26th 2015 - 05:47 UTC
Blatter says he is 'clean' and denies systematic bribery in FIFA

With FIFA reeling from the most damaging corruption crisis in its 111-year history, (14 FIFA officials and marketing executives were indicted by US justice authorities in May over a $150 million bribery scandal), Sepp Blatter denied that FIFA was corrupt to the core.