World Bulletin / News Desk
Mexico has launched its first dispute against Argentina at the World Trade Organization, following similar complaints against Argentina by the European Union, United States and Japan, the WTO said on Monday.
The four complaints centre on Argentina's import licensing rules, which its critics say amount to a blanket restriction on imports and are one of several protectionist policies adopted by the government of President Cristina Fernandez.
The worsening of trade relations between the two Latin American countries follows Argentina's decision to pull out of a car trade pact two months ago.
Mexico's inclusion in the WTO case, which has an unusually large number of complainants, may undermine Argentina's arguments that its critics are all rich nations that are trying to restrain developing countries.
Argentina's WTO ambassador Cecilia Nahón, defending the country's policies against widespread criticism at the WTO, has also asserted that Argentina cannot be accused of restricting imports when its imports grew by 31 percent in 2011.
Norwegian energy company Statoil, which suspended 5 rigs in the last 2 months, granted $610 million for development of its gas fields
Putin earlier announced pipeline project via Bulgaria would be cancelled.
President Vladimir Putin said that Russia needed to take the opportunity to diversify its economy to protect it from external shocks.
Verdi said in a statement that workers at four of those centres had decided to continue their strike until Saturday and employees at the Graben warehouse would strike until Dec. 24.
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The Organization of the Petroleum Exporting Countries declined to cut production at a Nov. 27 meeting and, despite slumping prices, major Gulf OPEC members have since shown no sign of reversing course
Iran plans to export petrochemical products to Europe after one year of U.S.-led sanctions on its petchem market
Russia's central bank took drastic action to defend its rouble currency in a surprise midnight raising of interest rates by 650 basis points to 17 percent.
It argues that a major submarine ridge of the Arctic Ocean is an extension of its autonomous Greenland.
Russia is the second biggest exporter of illicit money, India is fourth, Brazil seventh and South Africa is 12th, according to the report.
Brent for January fell to a low of $60.28 a barrel in Asian trade, down $1.57 and its lowest since July 2009
Energy cooperation will be one of the topics on the agenda
Labour union Verdi said the strike had started at five of Amazon's nine distribution centres in Germany but added it would only know later in the day how many workers participated
Abdullah al-Badri said the oil price, which dropped to a succession of five-year lows in recent days, had fallen further than market fundamentals should have dictated
Ethiopian says the dam project is meant to generate badly-need energy. But the project has strained Ethiopia's relations with downstream Egypt, which fears the project will reduce its water share