Politics

• Friday, May 25th 2012 - 07:01 UTC

  Three former presidents admit Mercosur has failed and has Uruguay ‘trapped’

  

  Three former Uruguayan presidents recommended the current administration that without abandoning Mercosur, it should look at major trade blocks associations but at the same time a strong self criticism is needed because maybe the problem is not in Mercosur but in Uruguay.

• Friday, May 25th 2012 - 06:56 UTC

  Argentina extends dollar purchase control to residents travelling abroad

  

  Argentina announced on Thursday the use of a new computer tool to gather information from buyers of holiday packages from travel agencies, in another attempt to control savers thirst for greenbacks after the government's crackdown on access to dollars.

• Friday, May 25th 2012 - 06:51 UTC

  Argentina revokes commuter railway concession involved in crash that killed 51m and injured 700

  

  Argentina's government on Thursday revoked the commuter railway concession for a company whose train crashed in February, killing 51 people and injuring 703.

• Friday, May 25th 2012 - 06:45 UTC

  UK reassures support for Gibraltar after major incident with Spain in the Rock’s waters

  

  UK reassured support for Gibraltar following Wednesday night’s incident when several Spanish Guardia Civil vessels and a helicopter were involved in a tense standoff with the Royal Gibraltar Police, the Gibraltar Defence Police and the Royal Navy while the Spanish trawlers tried to cast nets in the Rock’s bay.

• Friday, May 25th 2012 - 01:21 UTC

  Argentina attacks WTO and US on trade issues at OECD ministerial round

  

  In an offensive to counter recent attacks on Argentina’s restrictive trade policies, Foreign Minister Hector Timerman expressed at the World Trade Organization, WTO, his government’s concern with the current course of global negotiations which face the serious risk of abandoning the development goals agreed when the launching of the current Doha Round of negotiations back in 2001.

• Friday, May 25th 2012 - 01:16 UTC

  UK deeper in recession; IMF recommends more stimuli measures

  

  Britain fell deeper into recession than initially thought in the first quarter of 2012 due to a slump in construction output, raising the likelihood that the Bank will opt to inject more stimuli to protect the economy from the Euro zone debt crisis.

• Thursday, May 24th 2012 - 16:27 UTC

  China to take measures to boost demand fearing economy slowdown

  

  China has said it will take measures to boost demand and investment amid fears of a slowdown in its economy. The government said it will encourage private investment in sectors such as energy, railways and telecommunications.

• Thursday, May 24th 2012 - 16:02 UTC

  Falklands’ service to honour British Forces who lost their lives when landing for the recovery of the Islands

  

  The Falkland Islands held a commemorative service to the memory of those who lost their lives thirty years ago when British Forces landed in the Islands for the final push against the occupying Argentine forces.

• Thursday, May 24th 2012 - 05:40 UTC

  Uninspired EU summit pledges support for Greece, but prepares for “Grexit”

  

  European Union leaders pledged support for Greece on Thursday, vowing to keep the debt-wracked country in the Euro zone as officials prepared behind the scenes for a possible doomsday scenario of exit.

• Thursday, May 24th 2012 - 05:27 UTC

  Immigration has been sidelined in the US at the expense of human capital growth

  

  Immigration has been sidelined by the US government at the expense of economic and human capital growth, according to New York Mayor Bloomberg who blasted the US government for becoming so worried about reelection and so partisan that “they don't consider immigration as an economic strategy”.