President Cristina Fernandez, CFK, on an official visit to Russia met at the Kremlin with Vladimir Putin and praised Moscow’s support to Argentina in the dispute with the United Kingdom over the sovereignty of the Falklands/Malvinas Islands as well as in the legal battle against speculative funds suing the country over its defaulted bonds.
Argentine energy company YPF CEO Miguel Galuccio is scheduled to sign on Wednesday in Moscow a contract on joint exploitation of shale oil and gas in the rich Vaca Muerta fields of Patagonian province Neuquén. The contract is part of the bilateral agenda to be addressed by visiting Argentine president Cristina Fernandez on Thursday, when she meets with Vladimir Putin.
France suspended indefinitely on Tuesday delivery of the first of two Mistral helicopter carrier warships to Russia, citing conflict in eastern Ukraine where the West accuses Moscow of fomenting separatism.
Leaders from the G20 group of nations agreed on Sunday to boost flagging global growth, tackle climate change and crack down on tax avoidance but ties between the West and Russia plummeted to a new low over the crisis in Ukraine.
Ukraine is on the brink of committing economic suicide after imposing a crippling 55% tax on private gas producers, while parliament prepares to vote on next year's budget, which aims for a continuation of the same.
Uruguay's president Jose Mujica said the latest world events show that Europe 'has lost clout' in global affairs, and has lost strength as 'peace mediator', and this role could be “much better performed by Latin America”.
Ukraine's next crisis will be a devastatingly economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, furthering weakening the energy sector by crippling coal-based electricity production.
Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as two percentage points off global growth in the next five years, the International Monetary Fund said on Tuesday.
Amid mounting criticism of Russia over the MH17 plane tragedy and conflict with Ukraine, FIFA rejects calls for the country to be stripped of 2018 World Cup hosting rights and says a boycott is no solution to the crisis.
”The World travel and tourism industry must come together and take leadership after the Malaysia Airlines (MH17) incident.” This is the opinion voiced by Juergen Thomas Steinmetz, Chairman of the International Coalition of Tourism Partners (ICTP).