Politics

• Thursday, December 4th 2014 - 05:34 UTC

  Cristina's immunity when she steps down, becomes a political topic

  

  Argentine Cabinet chief Jorge Capitanich denied that a bill to choose the members of Mercosur Parliament (Parlasur) through popular vote had a hidden agenda for granting immunity for President Cristina Fernandez after 2015, as was denounced by Buenos Aires Clarin newspaper.

• Thursday, December 4th 2014 - 05:28 UTC

  UK to tax multinationals that siphon profits into low-tax havens

  

  Britain plans to introduce a tax to target multinationals such as Google and Amazon accused of using complex accounting schemes to cut their payments on earnings in the country.

• Thursday, December 4th 2014 - 05:09 UTC

  Rousseff promises JPMorgan investors a balanced budget and full support of Levy

  

  President Dilma Rousseff said in a letter to investors that one of the main priorities of her second term will be to put Brazil's fiscal accounts in order, sending a strong message that her administration will adopt more market-friendly policies.

• Thursday, December 4th 2014 - 05:03 UTC

  Brazil raised the basic interest rate 50 basic points to 11.75%

  

  Brazil's central bank on Wednesday raised its key interest rate by 50 basis points to 11.75%. The rise came on the back of a one quarter point rise just over a month ago which was the first since April and in the wake of populist Dilma Rousseff's re-election as president, who last week appointed a new finance team to tackle rising inflation.

• Wednesday, December 3rd 2014 - 22:31 UTC

  Chile holds first Mayors climate change forum with UK support

  

  Chile's first Mayors Climate Change Forum, a local government-led initiative focused on cities, local territories and climate change took place in late November with the support of the British Embassy in Santiago.

• Wednesday, December 3rd 2014 - 22:08 UTC

  Memorial to the Korean War unveiled at a ceremony in central London

  

  A new memorial to the Korean War, a conflict often dubbed ‘the forgotten war’ was unveiled on Wednesday at a ceremony in central London.The Korean War Memorial, a gift from the Republic of Korea to honor the British troops that served between 1950 and 1953, is in the form of a bronze statue of a British soldier by sculptor Philip Jackson.

• Wednesday, December 3rd 2014 - 21:40 UTC

  Falklands' public opinion petition seeks to end ‘distressing’ flag-waving by visiting Argentines

  

  A petition demanding action from the Falkland Islands Government in relation to Argentine visitors displaying Argentine flags says the behavior by the culprits is “disturbing, unsettling and distressing to many Falkland Islanders”, reports the Penguin News.

• Wednesday, December 3rd 2014 - 10:57 UTC

  Falklands' battle commemoration service in London next 8 December

  

  A commemorative service at the naval church of St Martin-in-the-Fields, near Trafalgar Square, in London and a reception has been organized by the Falkland Islands Association to commemorate the Battle of Coronel (Nov. 1, 1914) and Battle of the Falklands (Dec. 8, 1914).

• Wednesday, December 3rd 2014 - 09:31 UTC

  Analysts anticipate 'painful adjustment' for Uruguay if there is a continuity of current policies

  

  High inflation, relatively weak economic growth and an exhausted growth model are forecasted for Uruguayan president-elect Tabare Vazquez second administration as of next March, according to the latest report from two Capital Economics analysts.

• Wednesday, December 3rd 2014 - 09:25 UTC

  Russian ruble suffers its biggest one day skid since 1998

  

  The Russian ruble suffered on Tuesday its biggest one-day decline since 1998 as oil prices continued to fall on Monday, escalating fears about the Russian economy. The currency slid almost 9% against the dollar before rallying after suspected central bank intervention.