Politics

Thursday, August 15th 2013 - 03:40 UTC
Argentina ratifies economic policy, rejects austerity measures to balance the budget

Argentine Economy minister Hernán Lorenzino on Wednesday ratified current policies and “strongly” rejected an increase of budget austerity measures, while defending the debt reduction policy, but admitted the country “still suffers” from consequences of the international financial crisis.
Thursday, August 15th 2013 - 03:37 UTC
Argentina July inflation 2.55% and 24.9% in twelve months, says congressional index

Argentina’s inflation according to the ‘congressional index’ reached 2.55% in July and 24.9% in the last twelve months was announced on Wednesday by members from the opposition in the Lower House.
Thursday, August 15th 2013 - 03:20 UTC
UK likely to win at EU court the Gibraltar border ‘excessive checks’ case

Britain is likely to win a case against Spain over the imposition of excessive border queues and could get an interim order to ease the controls from the European Court of Justice said Professor Damian Chalmers an expert in EU law at LSE and who is a Jean Monnet Chair and was editor of the European Law Review and EU Jurist.
Thursday, August 15th 2013 - 02:56 UTC
Malvinas/Gibraltar hand-to-hand with Argentina: “a ridiculous adventure” opposition tells Rajoy

The leader of Spain’s opposition Socialist Alfredo Perez Rubalcaba called on the government of president Mariano Rajoy “to avoid adventures that could end looking ridiculous” such as the possibility of a ‘hand to hand’ with Argentina on the Malvinas and Gibraltar cases and instead should look at all the money laundering that takes place in the British Overseas Territory.
Wednesday, August 14th 2013 - 20:40 UTC
Spain anticipates it will target Gibraltar bunkering

As queues at the border with Gibraltar get longer and little advance is seen in the diplomatic front, Spain’s Minister for Agriculture, Food and the Environment, Miguel Arias Cañete, warned that Madrid would continue to impose the border checks and has plans to target bunkering in ‘Spanish protected waters’.
Wednesday, August 14th 2013 - 20:21 UTC
Shackleton’s Endurance could still be in good conditions on the Antarctic sea bed

Ernest Shackleton's famous ship, the Endurance, which he had to abandon in 1915 on his ill-fated Antarctic expedition, is probably still in very good condition on the ocean floor. This is one conclusion from research that studied how sunken wood degrades in southern polar waters.
Wednesday, August 14th 2013 - 20:16 UTC
EU climbs out of 18-month recession led by Germany and France, but still fragile

European stock markets mostly rose on Wednesday after official data showed that the Euro zone had finally escaped from a record 18-month recession. The Euro-zone climbed out of recession with surprisingly strong growth of 0.3 percent in the second quarter led by Germany and France, announced the European Union.
Wednesday, August 14th 2013 - 20:01 UTC
US files anti-trust case to block merger of American with US Airways

The US justice department has filed an anti-trust case to block the merger of American Airlines and US Airways. The 11bn dollars deal which would form the world's largest airline was backed by a federal judge in March and has been approved by the European Union.
Wednesday, August 14th 2013 - 19:53 UTC
US imposes anti-subsidy duties on shrimp from Malaysia, China, Ecuador, India and Vietnam

Imports of shrimp from Malaysia will be subject to anti-subsidy duties as high as 54.5%, the U.S. Commerce Department said, while lower penalties were set for similar goods from China, Ecuador, India and Vietnam.
Wednesday, August 14th 2013 - 19:36 UTC
After inflation hits 42%, Maduro names a more pragmatic president to the Central bank

Venezuela President Nicolas Maduro appointed the third central bank president this year as Latin America’s biggest oil exporter seeks to rein in the fastest inflation among the world’s major economies.