Politics

Saturday, August 1st 2015 - 09:42 UTC
Food riots in Venezuela leave one person killed and tens of arrests

One person was killed and dozens were detained on Friday following looting of supermarkets in Venezuela's southeastern city of Ciudad Guayana, the state governor has said, amid the ongoing food shortages in the Mercosur-Unasur nation.
Saturday, August 1st 2015 - 07:51 UTC
US Navy submarine successfully launches and recovers underwater drone

The Virginia-class nuclear-powered fast attack submarine USS North Dakota (SSN-784) has launched and recovered an underwater drone for the first time. This week, the USS North Dakota returned to the United States after a nearly two-month deployment to the Mediterranean Sea. The submarine was specifically tasked with testing the launch and recovery of an unmanned underwater vehicle (UUV) while submerged.
Friday, July 31st 2015 - 06:41 UTC
Maduro takes over brewers complex as Venezuela runs out of beer because of lack of barley

Venezuela's largest food distributor on Thursday denounced the government occupation of a Caracas warehouse amid accusations that the company is hoarding goods. Soldiers took over the warehouse complex used by Empresas Polar late Wednesday just as Venezuela's federation of brewers announced that Polar's beer manufacturing subsidiary is shutting two of its six plants because of a lack of imported barley.
Friday, July 31st 2015 - 06:25 UTC
Former Fed chief says discussion is not monetary policy but government spending

Former Federal Reserve Chairman Alan Greenspan warns that government spending “extremely dangerous” to the future of the US economy. Greenspan decried a rise in entitlement costs, which he contended have pressured the U.S. economy.
Friday, July 31st 2015 - 05:44 UTC
Ex-Top Gear team will front a new motoring program with Amazon Prime

Former BBC' Top Gear hosts Jeremy Clarkson, Richard Hammond and James May have signed up to present a new show on Amazon's streaming video service. The trio will front three series of a new motoring program for Amazon Prime, with the first season to be made available worldwide in 2016.
Thursday, July 30th 2015 - 22:31 UTC
UK Overseas Territories agree on a 'unified front' for December's JMC in London

Leaders of several British Overseas Territories meeting in Bermuda released a joint statement following a Pre-Joint Ministerial Council two-day meeting held last week in Hamilton. The goal of the international gathering was to discuss matters of common interest in order to present a unified front next December at the JMC in London.
Thursday, July 30th 2015 - 22:28 UTC
For the sixth straight time, Brazil raises interest rate 50 points to 14.25%

Brazil's central bank raised interest rates to 14.25% from 13.75% as expected on Wednesday, delivering another hefty increase to stifle inflationary risks from a sharp depreciation of the local currency. This is the highest rate since October 2006.
Thursday, July 30th 2015 - 09:39 UTC
Brazil's agriculture minister optimistic about a Mercosur/EU trade accord by end of the year

Brazil' minister of agriculture Katia Abreu said she was very optimistic about Mercosur reaching a trade agreement with the European Union, and if there are problems look to Europe, because Mercosur members have almost agreed and finished their proposal.
Thursday, July 30th 2015 - 09:16 UTC
Kicillof blasts 'speculators' for promoting a run from the Peso to the US dollar

Argentina's economy minister and central bank governor came out strongly to warn the “devaluation club” and speculators in the foreign exchange market who allegedly are pushing the value of the US dollar and sinking the local Peso.
Thursday, July 30th 2015 - 09:04 UTC
Fed pleased with labor market gains but inflation remains 'soft' distant from 2% target

The United States Federal Reserve on Wednesday decided to leave its benchmark federal funds interest rate unchanged at between 0 percent and 0.25 percent, while it offered an optimistic assessment of the world's biggest economy and hinted that a rate hike remains on the short-term horizon.