”President Barack Obama warned residents of the Gulf Coast Tuesday that there could be significant flooding from Tropical Storm Isaac and encouraged people to evacuate if instructed by authorities to do so.
Instead of opening with a bang as originally planned, Mitt Romney's Republican convention started with a whimper on Monday as party leaders staged a low-key session while Tropical Storm Isaac churned through the Gulf of Mexico.
The number of US citizens filing new claims for jobless benefits unexpectedly rose last week, suggesting the labour market is healing too slowly to make much of a dent in the unemployment rate. However an official from the Federal Reserve said US economic data in recent weeks had improved.
The administration of President Cristina Fernandez again challenged the United States on the “trade restrictions in place against Argentine products” which it claims are part of “a protectionist policy inconsistent with from the World Trade Organization”.
The current war of words over trade barriers going on between the US and Argentina further escalated tensions on Wednesday as Argentine Ambassador to the US Jorge Argüello highlighted: “the United States has been reported for a number of trade law violations.”
The US Congress budget office launched on Wednesday a stern warning: massive spending cuts and tax hikes due next year will cause even worse economic damage than previously thought if Washington fails to come up with a solution.
The Federal Reserve is likely to deliver another round of monetary stimulus “fairly soon” unless the economy improves considerably, minutes from the US central bank's August meeting show.
Forbes magazine ranked German Chancellor Angela Merkel the most powerful woman in the world for the second year in a row in the annual list dominated by politicians, businesswomen and media figures. US Secretary of State Hillary Clinton placed second, followed by Brazilian President Dilma Rousseff, making the top three spots unchanged from last year.
The Argentine Foreign Ministry on Tuesday hit back at the United States amid various trade barrier complaints and allegations of illegality saying that it would report the country for violating the World Trade Organization’s (WTO) rules for stopping imports of Argentine meat and citrus fruits to the US.
The Swedish government will not extradite Julian Assange to the US should he face the death penalty there, as any possible extradition request from Washington is then subject to strict conditions, an official from the country’s Justice Ministry.