World Bulletin / News Desk
Argentina replaced its navy chief on Monday as it investigates the seizure of a frigate in Ghana by bondholders who say they will not release the vessel until the South American country repays money owed them after its 2002 debt default.
The Libertad, a training frigate with some 300 crew on board, was detained in the Ghanaian port of Tema on Oct. 2 under a court order obtained by NML Capital Ltd, an affiliate of investment firm Elliott Management.
The firm says Argentina owes it over $300 million on defaulted debt and it will only release the ship if the country pays it at least $20 million.
The Defense Ministry replaced navy chief Carlos Alberto Paz soon after removing two other senior officials as part of a probe into who was responsible for the ill-fated decision to stop in Ghana, a Ministry statement said.
President Cristina Fernandez's government has condemned the ship's detention, saying it could not be targeted by creditors due to its military nature. A Ghanaian court ruled that Argentina forfeited such immunities when it issued the bonds.
Fernandez dispatched several senior officials to Accra to resolve the stand-off as recriminations mount over why Ghana was included on the vessel's tour of the region.
Argentina declared a massive sovereign default a decade ago at the height of an economic crisis and now faces a raft of lawsuits in U.S. courts by so-called holdout bondholders seeking state asset freezes to recover the value of defaulted bonds.
The bondholders, which the Argentine government calls vulture funds, normally target foreign bank accounts held by state-run companies or government agencies.
The clashes had broken out in Silwan neighborhood after Israeli troops raided the homes of the relatives of a Palestinian driver accused of running over and killing a baby and injuring eight people
A baby was killed and eight people were injured when a Palestinian driver ran over passengers in Jerusalem
It was the second flare-up this week and comes weeks after Britain and France agreed to improve border controls
A Canadian soldier was shot at the Canadian War Memorial in Ottawa and the parliament building attacked in which gunshots were fired
Widodo had originally planned to announce his cabinet of 33 ministers on Tuesday, said his team would be made up of 18 technocrats and 15 political appointees.
A 13-year-old boy was detained after hurling stones at Israeli cars in the Al-Tur neighborhood, three other Palestinian boys, aged between 14 and 16, were detained for throwing rocks at Israeli police vehicles in the Beit Hanina district.
Iranian demonstrators gather in front of Isfahan Department of Justice building to protest acid attacks against women in the street.
The Ansar al-Sharia group wrote on Twitter that its fighters had killed 30 Houthi militants in attacks on their homes in Rada'a city on Tuesday.
Iraq's Kurdish parliament unanimously votes to deploy Peshmerga forces in Syrian town of Kobani besieged by ISIL militants.
The attack sparked clashes between the settlers and local residents, which ended upon the arrival of Israeli army troops.
Palestinian negotiators still studying Egypt's proposed agenda for the upcoming talks.
Ozdil Nami warns of increasing tensions after Greek Cypriot Administration, Israel and Russia conduct military drills between Crete and Cyprus
There were no immediate reports on the number of casualties from the fighting there, but the militant advance appears to have been halted.
Crowds gathered at the U.N. base calling for peacekeepers to leave the town after two people were shot dead on Tuesday during a protest
The accused leader of the group, a Qatari man, was sentenced to 30 years in jail, after which he would be expelled from Saudi Arabia, while the other 12 were jailed for between 18 months and 18 years
Zoabi said the Syrian air force was searching for the third jet but had destroyed two of them, the first time Damascus has acknowledged that ISIL are flying the aircraft.