Politics

• 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.

• Tuesday, August 25th 2015 - 20:31 UTC

  Falklands' air defenses bolstered with Saab-built Giraffe AMB radars

  

  Britain has ordered additional Saab-built Giraffe AMB radars to bolster ground-based air defenses on the Falkland Islands against a possible future threat from Argentina, reports Defense News. The Swedish company announced on 24 August that it had received an order valued at 610 Swedish krona million ($74 million dollars) from the UK Ministry of Defense for the supply of new radars and the upgrade of existing systems.

• Tuesday, August 25th 2015 - 20:13 UTC

  Rousseff planning to cut 10 of 39 ministries as commitment to austerity

  

  Brazil's government announced on Monday it will slash the number of ministries and reduce its spending, in an effort to show commitment to austerity that could be politically costly for President Dilma Rousseff.