Politics

• Wednesday, May 26th 2010 - 05:56 UTC

  Financial regulation should be coordinated internationally, says IMF

  

  The world avoided a great economic depression and will recover thanks to close cooperation from the international community, said IMF chief Dominique Strauss-Kahn.

• Wednesday, May 26th 2010 - 05:50 UTC

  Falkland Islands joins International Association of Prosecutors

  

  The Falkland Islands Government legal department has been granted organisational membership of the International Association of Prosecutors (IAP). Membership is considered a recognition that rule of the law and independence of prosecution in that country complies with internationally accepted standards.

• Wednesday, May 26th 2010 - 05:48 UTC

  US Judge seizes 2.43 billion USD Argentine government deposits in New York

  

  New York Federal Judge Thomas Griesa seized 2.43 billion US dollars that Argentina’s government owned Banco Nación had deposited in the city in response to a claim presented by a group of Argentine bondholders that did not make it into the debt-swap.

• Wednesday, May 26th 2010 - 04:09 UTC

  Italy joins the Euro-support club; announces budget cuts of 24 billion Euros

  

  Italy joined Tuesday the group of European countries that have decided to trim government spending in an effort to convince investors that Euro nations are capable of fiscal balance and defending the single currency.

• Wednesday, May 26th 2010 - 04:06 UTC

  After two days of “candid” discussions US and China admit differences

  

  Two days of wide-ranging economic and political talks between the United States and China wrapped up in Beijing with no major agreements announced but both sides said they had candid discussions and reaffirmed their commitment to building a strong and enduring relationship.

• Wednesday, May 26th 2010 - 04:00 UTC

  EU expands civil aviation cooperation with Latinamerica

  

  The European Union agreed Tuesday on cooperation understandings in civil aviation with the Latinamerican Civil Aviation Commission, CLAC, and with Brazil to promote closer coordination in technical and safety issues.

• Tuesday, May 25th 2010 - 06:17 UTC

  Fears of Europe’s debt crisis on global recovery hits Brazil’s Real

  

  Brazil’s currency fell Monday over concern Europe’s debt crisis may slow the global economic recovery. The Real slid 0.9% to 1.8704 per U.S. dollar from 1.8534 on May 21. The currency has declined 6.7% this year after rising 33% in 2009.

• Tuesday, May 25th 2010 - 06:09 UTC

  Korea, China and Japan agree on closer investment and trade partnership

  

  Top trade officials from Korea, China and Japan agreed Sunday to forge a three-way investment treaty this year as part of efforts to spur economic partnership among the three nations, announced the Korean Ministry of Foreign Affairs and Trade.

• Tuesday, May 25th 2010 - 06:01 UTC

  On inaugurating second term Insulza calls for a “genuinely multilateral OAS”

  

  The Secretary General of the Organization of American States (OAS), José Miguel Insulza, said upon taking office for his second term at a special session of the Permanent Council that “those who seek to show an inactive OAS must face the reality of an always present OAS, and those who accuse the OAS of complicity or partiality end up giving examples of the OAS at a different time, for lack of evidence of any instance of partiality during this period”.

• Tuesday, May 25th 2010 - 05:59 UTC

  Argentina rejects UK complaints, demands Falklands’ sovereignty talks

  

  Argentina rejected Monday Britain’s complaints about maritime controls in the South Atlantic and again condemned the “unilateral and illegitimate acts” of the UK regarding hydrocarbons exploitation in the continental shelf of the Malvinas/Falklands, South Georgia and South Sandwich Islands.