Politics

• Saturday, November 8th 2014 - 09:37 UTC

  Relief for Petrobras: Dilma allows increase in gasoline and diesel prices

  

  Brazil raised domestic wholesale gasoline and diesel prices for the first time in more than 11 months effective Friday in a move to bolster the finances of the heavily indebted Petrobras oil and gas company after years of refining losses.

• Saturday, November 8th 2014 - 09:18 UTC

  Anglo-French defence co-operation contract to develop unmanned combat air systems

  

  A set of defence co-operation contracts, worth £120 million, for the early phase of a joint development of Unmanned Combat Air System (UCAS) between the UK and French governments have been awarded in Paris. A UCAS capability would, by the 2030’s, be able to undertake sustained surveillance, mark targets, gather intelligence, deter adversaries and carry out strikes in hostile territory.

• Saturday, November 8th 2014 - 06:39 UTC

  USS Constellation carrier towed to the scrapyard along the coast of South America

  

  The United States aircraft carrier Constellation, which spent most of its nearly 42 years of service operating out of San Diego Bay is being towed along the South American Atlantic coast on its way to be scrapped in Texas. This week it was sighted in the extreme south of Chile, Punta Arenas as it crossed to the Atlantic.

• Saturday, November 8th 2014 - 06:11 UTC

  Mexico in shock: gangsters admit having killed and burnt bodies of 43 students

  

  The 43 teacher trainees missing since a Sept. 26 incident in the southern state of Guerrero involving gangsters and corrupt cops are dead, Mexican Attorney General Jesus Murillo Karam said Friday, citing statements from three suspects in custody.

• Friday, November 7th 2014 - 23:08 UTC

  English court involved in Argentine bonds dispute with hedge funds

  

  A London court gave Argentine “holdout creditors” in New York a two-week window on Thursday to challenge declarations sought by a powerful group of investors in a dispute over interest payments worth about 226 million Euros. The payments involve Euro-denominated Argentine bonds which were issued under English law.

• Friday, November 7th 2014 - 22:51 UTC

  Argentina targets yet another US company on alleged tax fraud

  

  US corporation firm General Electric has “over-invoiced” imports in a financial maneuver designed to access additional dollars in the official foreign exchange market, claimed Argentine Cabinet Chief Jorge Capitanich. GE thus becomes the second large US company in less than a week to face accusations of financial trickery in order to obtain economic benefits.

• Friday, November 7th 2014 - 22:44 UTC

  Despite Rousseff, extreme poverty grows for the first time in a decade

  

  The number of Brazilians living in extreme poverty grew for the first time in a decade, according to government figures. The Institute of Economic Research reported that the number of people in households with incomes below the poverty threshold of 30 dollars rose from 10.1 to 10.5 million people, which means a 3.7% increase.

• Friday, November 7th 2014 - 05:11 UTC

  ECB ready to give the Euro zone further economic stimulus

  

  The president of the European Central Bank (ECB), Mario Draghi, says the bank stands ready to give the Euro zone further economic stimulus “should it become necessary”. The comments boosted shares in Europe. It also prompted a fall for the euro, with analysts increasingly braced for more dramatic stimulus measures.

• Thursday, November 6th 2014 - 21:50 UTC

  Falklands oil industry regulated by UK North Sea standards, one of the highest in the world

  

  The elected government of the Falkland Islands has strongly refuted remarks by Argentine official 'Malvinas Secretary' Daniel Filmus, published in The Guardian, in which he states that hydrocarbons activities in the Falklands are environmentally reckless, and describes Filmus words as “yet another example of the Argentine's government futile efforts to damage the Falklands economy”

• Thursday, November 6th 2014 - 08:02 UTC

  Australia confident of Antarctic Marine Protected Areas approval in 2015

  

  Australia will continue to push for Marine Protected Areas (MPAs) off East Antarctica despite the proposal not being adopted at the annual Commission for the Conservation of the Antarctic Marine Living Resources, (CCAMLR) which last month met in Hobart, Tasmania.