Politics

Monday, August 11th 2014 - 22:24 UTC
Global economic recovery remains 'disappointing' says Fed's Vice Chairman

US Federal Reserve Board Vice Chairman Stanley Fischer said that the economic recovery has been and remains “disappointing” and made it clear that he expects monetary policy to continue to play a significant role in encouraging growth in the future.
Monday, August 11th 2014 - 22:19 UTC
Leading economies showing overall steady growth trend, says OECD

Leading economies are showing a steady growth trend overall, although Britain is doing particularly well and Japan and Germany are showing signs of losing pace, the OECD (Organization for Economic Cooperation and Development) said on Monday.
Monday, August 11th 2014 - 09:46 UTC
Brazil's Truth Commission looking into foreign companies helping the military regime crackdown on 'subversives'

Newly-discovered documents suggest big international companies aided Brazil’s military regime in its war against ‘subversives’ and union activists. Academics and human rights activists have long believed that local and multinational companies helped Brazil’s military regime in their crackdown on “subversives.”
Monday, August 11th 2014 - 07:55 UTC
Blatter challenges his critics to take the risk and stand for FIFA election

FIFA President Sepp Blatter has challenged his critics to “take the risk” and stand for election against him next year. Although he did not identify potential rivals in the ballot scheduled in May, he appeared to target UEFA President Michel Platini.
Monday, August 11th 2014 - 01:54 UTC
Argentina/holdouts, a clash between 'global financial power and political power'

A Judge from Argentina's Supreme Court joined the ongoing battle in New York between the Argentine government and the holdouts and slashed out at the US Supreme Court for rejecting to take the case back in June. Eugenio Zaffaroni argued that the conflict must be addressed in the context of “attacks from the global financial power on political power”.
Saturday, August 9th 2014 - 07:53 UTC
US reject the ICJ as an 'appropriate venue' for addressing Argentina's debt issues

A spokeswoman for the U.S. State Department said the United States would not permit the International Justice Court in The Hague to hear Argentina's claims that U.S. court decisions had violated its sovereignty.
Saturday, August 9th 2014 - 07:45 UTC
Despite warning, Kicillof again defies and again accuses Griesa of 'partiality'

Economy ministry Axel Kicillof once again defiantly insisted Argentina has made a required debt payment on restructured sovereign bonds on Friday night, just hours after a U.S. judge threatened a contempt-of-court order if Argentina did not stop issuing such statements.
Saturday, August 9th 2014 - 07:34 UTC
Griesa warns Argentina with 'contempt' if it continues with “false and deceiving statements”

New York district judge Thomas Griesa on Friday threatened to declare Argentina in “contempt” of court if the Republic continues to make “false and deceiving statements,” following Argentina’s claim it has already paid exchange bondholders and has no pending obligations, as it deposited 539 million dollars in bond payments in Bank of New York Mellon (BoNY) and Citibank.
Saturday, August 9th 2014 - 07:12 UTC
Fifty years since the Gulf of Tonkin incident which triggered the Vietnam war

Fifty years ago, a controversial confrontation in the Gulf of Tonkin between the United States and North Vietnam forces set the stage for what eventually became US involvement in the Vietnam War.
Saturday, August 9th 2014 - 06:59 UTC
Prince William to alternate his royal duties with air ambulance pilot

The Duke of Cambridge is to become an air ambulance pilot next spring, it has been announced. Kensington Palace said Prince William will join the East Anglian Air Ambulance flying both day and night shifts. It will become his main job, but his rota will take into account any duties he will continue to undertake on behalf of the Queen.