Politics

• Thursday, June 20th 2013 - 05:48 UTC

  Cristina Fernandez admits defeat to the Supreme Court but promises to fight on

  

  Argentine President Cristina Fernández targeted the Supreme Court on Thursday after its recent ruling against the Council of Magistrates reform and warned that “Argentines will be able to democratically vote for all political branches sooner rather than later.”

• Thursday, June 20th 2013 - 05:42 UTC

  Argentina’s economy recovering in May and trade surplus above estimate

  

  Argentina's economic growth sped up slightly in the first quarter and May's trade surplus was above expectations according to the latest release on economic data. GDP was up 3% from a year earlier and 1.5% from the fourth quarter of 2012.

• Thursday, June 20th 2013 - 03:03 UTC

  Swiss lawmakers defy Washington reject deal to lift banking secrecy and expose US tax dodgers

  

  Swiss lawmakers rejected Wednesday a deal proposed by Washington to halt ruinous US legal action provided that Swiss banks that helped stash cash expose American tax dodgers and pay hefty fines.

• Thursday, June 20th 2013 - 02:25 UTC

  Fed warns investors to be prepared for an easing out of stimuli later in the year

  

  United States Federal Reserve Chairman Ben Bernanke is putting investors on notice that the central bank is prepared to begin phasing out easing programs later this year.

• Thursday, June 20th 2013 - 02:16 UTC

  Sao Paulo and Rio roll back bus fares but protests keep spreading to other cities

  

  Brazil's two biggest cities agreed to revoke an increase in public transportation fares that set off demonstrations that have grown into nationwide protests against poor public services, inflation, corruption and lavish spending in stadiums to host global events.

• Thursday, June 20th 2013 - 01:56 UTC

  Unasur top-marks for Paraguay presidential election; recommends lifting suspension

  

  The Union of South American Nations, Unasur expects Paraguayan president-elect Horacio Cartes to attend the next summit of the block in August in Suriname, said Salomon Lerner head of the Unasur electoral observers’ mission, who previously delivered a very positive report on last April’s presidential election.

• Wednesday, June 19th 2013 - 23:54 UTC

  Gibraltar invites Spanish treasury inspectors to dispel claims of tax evasion money

  

  Spanish treasury inspectors tasked with “tightening the noose” on Gibraltar have been invited to travel to the British Overseas Territory and talk to officials in a bid to debunk claims that the Rock is harbouring tax dodgers from Spain.

• Wednesday, June 19th 2013 - 23:33 UTC

  Plans to restore historic trawler from the ‘Great War’ rusting in South Georgia

  

  An historic trawler, originally from the city of Hull could be returned to the city as part of commemorations to mark the centenary of the First World War. The ‘Viola’, which is currently rusting in South Georgia, is the last remaining boat of its kind to have fought in what was known as the “Great War”.

• Wednesday, June 19th 2013 - 06:12 UTC

  Blow for CFK: Supreme Court rules unconstitutional Counsel of Magistrates reform

  

  Argentina’s Supreme Court has ruled that the controversial Counsel of Magistrates reform, drafted by the Cristina Fernández (CFK) administration, is unconstitutional and suspended the election of the twelve members up for the popular vote in the next election. The result was six votes in favour and one against.

• Wednesday, June 19th 2013 - 06:11 UTC

  G8 summit agrees on new measure to clamp money laundering and corporate tax avoiders

  

  Leaders of the G8 major economies have agreed new measures to clamp down on money launderers, illegal tax evaders and corporate tax avoiders. Governments agreed to give each other automatic access to information on their residents' tax affairs. They will also require shell companies - often used to exploit tax loopholes and invest money anonymously - to identify their effective owners.