Politics

Saturday, July 28th 2012 - 01:13 UTC
Plans for a 300bn Euro rescue of Spain and writing down of Greek bonds

Spain has for the first time conceded it might need a full EU/IMF bailout worth 300 billion Euros if its borrowing costs remain unsustainably high, a Euro zone official was quoted in the Madrid media.
Saturday, July 28th 2012 - 00:32 UTC
US economy playing against President Obama’s re-election bid

The White House cut its outlook for US growth in 2012 and 2013 on Friday, hours after data showed the economy grew at a tepid pace in the second quarter, raising concerns about a slowdown that could mar President Barack Obama's re-election chances.
Friday, July 27th 2012 - 05:50 UTC
US urges Argentina to normalize relations with international financial community

US Department of State Assistant Secretary for Public Affairs Mike Hammer urged the Argentine Government to normalize its relations with the international financial community and confirmed President Obama’s administration intention of having “the best possible relations” with Argentina.
Friday, July 27th 2012 - 05:34 UTC
Lisa: CFK scaring its own people with the military routine exercises in Falklands

The editor of the Falkland Islands weekly Penguin News twitted that Argentine president Cristina Fernandez is scaring its own people, regarding military exercises in the Islands, which Lisa Watson underlines are “routine”.
Friday, July 27th 2012 - 05:29 UTC
Best looking women cities: Kiev, Stockholm and in the neighborhood Buenos Aires

Travelers Digest's Top Ten Cities With The Most Beautiful Woman says Kiev is 'without a doubt, home to the world’s most beautiful women', closely followed by Stockholm and not so distant Buenos Aires.
Friday, July 27th 2012 - 05:17 UTC
Cuba to end Soviet-style economy and will implement market friendly policies

Cuba adopted a new tax code this week and said it would loosen regulations on some state companies while turning others into cooperatives, as one of the world's last Soviet-style economies moves in a more market-friendly direction.
Friday, July 27th 2012 - 05:10 UTC
Argentine union leader confesses he never believed in the “official inflation rate”

Argentina’s Metal workers union (UOM) leader Antonio Caló said on Thursday he “never believed in the (official stats office) Indec” and openly estimated that inflation in the country is running at “23% to 24%”.
Friday, July 27th 2012 - 02:52 UTC
IMF Western Hemisphere director Eyzaguirre resigns; takes CEO job in Chilean television channel

IMF western hemisphere director, Chilean national Nicolás Eyzaguirre, resigned to his post Thursday in order to become the CEO of Chilean Canal 13 network. The International Monetary Fund confirmed the news and added that the official will leave his responsibilities immediately.
Friday, July 27th 2012 - 02:32 UTC
US candidate Romney apologized to PM Cameron for London Games comments

US Republican presidential candidate Mitt Romney's high-profile overseas trip got off to a rocky start on Thursday when he was forced to clarify a comment seen as criticizing London's handling of the Summer Olympics that he came to celebrate.
Thursday, July 26th 2012 - 21:17 UTC
UN criticizes as “devastating” Venezuela’s decision to pull out from human rights court

United Nations Office of the High Commissioner for Human Rights (OHCHR) said on Thursday that Venezuela's pullout of the Inter-American Court of Human Rights, Inter-American Commission on Human Rights (IACHR Court) would be “devastating” for the international organization. Spokesperson Rupert Colville said the move “will be not good for Venezuela either.”