economics

The Senate approved with 53 votes in favor and two against the government initiative of Cristina Fernández, which has already been backed by the Chamber of Deputies.

With the enactment of the law on Wednesday, the Argentine State recovered control of the freight and passenger rail system, privatized in the 1990s.

In fact the State has regained control over most of the country’s railway lines because of failure of the companies that controlled them to provide the services.

Brazilian President Dilma Rousseff, acknowledged today that there is an "economic problem" in the country, although she hopes that the recovery will come later this year thanks to fiscal adjustments, made by the government.

"Without a shadow of doubt, there is an economic problem in the country. We had a very difficult economic situation," said Rousseff during a meeting with bloggers and journalists from several Brazilian news portals.

The United States and the Kingdom of Saudi Arabia became very uneasy when the Yemenese or Yemenite movement of the Houthi or Ansarallah (meaning the supporters of God in Arabic) gained control of Yemen’s capital, Sanaa/Sana, in September 2014. The US-supported Yemenite President Abd-Rabbuh Manṣour Al-Hadi was humiliatingly forced to share power with the Houthis and the coalition of northern Yemenese tribes that had helped them enter Sana.

Defence secretary expected to announce reinforcements of troops and equipment after Argentina said to be buying long-range bombers from Russia

Britain is to “beef up” the defence of the Falkland Islands the government has confirmed, amid reports of an increased risk of invasion by Argentina.

The defence secretary, Michael Fallon, is expected to announce reinforcements of troops and equipment in parliament later on Tuesday after a defence ministry review suggested an attack on the south Atlantic archipelago was more likely.

The China Development Bank (CDB), one of the two banks of Chinese development, and Brazil's Petrobras today announced an agreement to open a credit line of 3,5 billion dollars for the oil company.

In a brief statement, without specifying the details of the agreement, Petrobras reported that "the parties confirmed the intention to develop a new partnership in the future."

The Secretary General of the United Nations (UN), Ban Ki-moon said today that 8400 million dollars are needed to meet the humanitarian needs in Syria.

During the Third International Donors Conference for this Arab country, held in Kuwait with the participation of 67 countries and numerous humanitarian organizations, Ban Ki-moon warned that "the Syrians are victims of the worst humanitarian crisis of our time".

The US Treasury Department on Tuesday excluded many people and companies linked to Cuba from its list of sanctions, as part of the process of rapprochement initiated by the United States and Cuba after half a century of isolation.

In a brief statement, the Office of Foreign Assets Control (OFAC) of the Treasury reported that from the sanctions list 6 persons, 28 companies and 11 naval vessels have been removed, including vessels operating under Cypriot flag.

In almost all cases the changes have affected tourist operators and shipping companies based in Panama.

Faced with the collapse of the Ukrainian economy, the West only offers promises, says US expert.

"We have lost a quarter of the national economy," said Yatseniuk at a meeting with governors.

He further stated that hundreds of companies had to close, although Ukraine has collected more in taxes this year than in 2014 and there were no delays in social payments.

If we take into account the February inflation rate of 1.22%, Brazil has accumulated over the last twelve months 7.7%, exceeding the fiscal target set by the government of Rousseff and has reached the worst figures in the last ten years.

Gasoline rose 8.42% last month, ethanol 7.19% and diesel 5.32%, these increases have helped to push overall inflation. Public transport and education have also risen last month. In the regular courses, the monthly rise has accounted to an average of 7%.

The month of January was a taste of what awaits us this year in terms of revenue. The 47 percent drop in oil exports, which amounts to a loss of 812 million dollars, could not be compensated by the 15.3 percent increase of automobile exports in the first month of 2015.