Politics

• Friday, July 24th 2015 - 09:38 UTC

  ExxonMobil find in Guyana's waters could be worth 12 times the country's GDP

  

  The Exxon Mobil oil find in Guyana, which has triggered a strong reaction from neighboring Venezuela could be worth 12 times more than that nation’s GDP. In effect according to a Guyanese minister, the find at Liza-1well in offshore Guyana could be worth about $40 billion at current international crude prices.

• Friday, July 24th 2015 - 09:02 UTC

  Bermuda Premier calls on British Overseas Territories for a 'united front'

  

  Bermuda Premier Michael Dunkley called for the British Overseas Territories (BOTs) to present a united front in key areas and for the leaders to work together to best represent the people of the region. Premier Dunkley opened on Thursday the Pre-Joint ministerial council which convened leaders from several BOTs including the Falklands MLA Roger Edwards, as reported by the island's Royal Gazette.

• Friday, July 24th 2015 - 06:01 UTC

  Falklands/Malvinas: Argentina asks why UK is not punished for not complying with UN

  

  Argentine diplomats questioned in Montevideo why the United Kingdom is not punished for its denial to comply with the UN General Assembly Resolution from 1965 which calls on Argentina and the UK to sit and dialogue on the Falklands/Malvinas dispute. They also denied any attempts from Argentina to suffocate the Falklands economy or hydrocarbons industry.

• Thursday, July 23rd 2015 - 08:52 UTC

  Brazil's recession expected to continue next year according to top bank

  

  Brazil's recession will extend into next year, hurting President Dilma Rousseff's efforts to shore up public finances and arrest a sharp increase in unemployment, Itau Unibanco's chief economist said in a report on Wednesday. Ilan Goldfajn forecasts a drop of 2.2% in 2015 and 0.2% in 2016, down from previous estimates for a decline of 1.7% in 2015 and an increase of 0.3% in 2016.

• Thursday, July 23rd 2015 - 08:18 UTC

  Protesting French farmers promised €600m of emergency government help

  

  Dramatic protests across the north of France have won the country’s farmers €600m of emergency government help. This week thousands of tractors blockaded motorways and brought cities to a standstill, as the plight of producers dominated the nation’s news.

• Thursday, July 23rd 2015 - 08:02 UTC

  Brazil slashes fiscal savings' goals for 2015 and 2016 on plunging tax revenue

  

  Brazil dramatically lowered its fiscal savings goals for 2015 and 2016 on Wednesday due to plunging tax revenues, and announced new spending cuts to underscore its commitment to austerity. The government cut its primary surplus goal for this year to 8.7 billion reais ($2.70 billion), or 0.15% of GDP, from 66.3 billion reais, the equivalent of 1.1% of GDP, originally budgeted.

• Thursday, July 23rd 2015 - 07:24 UTC

  Over half of Argentina households belong to the middle class; only second to Uruguay

  

  Argentina is the Latin American country where the middle class has grown the most in ten years, doubling in size, according to a report released by the Pew Research Center in the United States.

• Thursday, July 23rd 2015 - 07:15 UTC

  Obama administration drafting plan to definitively close Guantánamo prison

  

  The White House said it was in the final stage of drafting a plan for closing the Guantánamo prison for foreign terrorism suspects, racing against time to resolve one of President Barack Obama's most intractable problems. Spokesman Josh Earnest said the administration hoped to “short circuit” opposition from Republicans in Congress who have blocked Obama from closing the prison.

• Thursday, July 23rd 2015 - 06:40 UTC

  Scioli meets Raul Castro in Havana and praises political and economic opening of Cuba

  

  Argentina's presidential hopeful and Buenos Aires governor Daniel Scioli was received on Wednesday by President of Cuba Raul Castro for an official audience in Havana, making the incumbent candidate the first foreign politician to meet the head of state since the normalising of relations with the United States.

• Thursday, July 23rd 2015 - 06:21 UTC

  Cristina Fernandez' candidates for October's general elections have a clear lead

  

  Argentina's current government presidential ticket for October's ballot, Daniel Scioli and Carlos Zannini has a solid lead of 18 points over its main competitor, the PRO party with hopefuls Mauricio Macri and Gabriela Michetti, according to the latest public opinion poll released by Aresco.