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.
PM Aleksandar Vucic says the project will put Belgrade on the map as unofficial 'capital' of the Balkans. It expects up to 20,000 workers to be employed in the construction, set to begin in September.
Hundreds of armed people from the Boko Haram group aboard motorised canoes attacked the island of Karamga at dawn on Saturday, army and government sources said.
Mauritania has reportedly expelled an Algerian diplomat for attempting to trouble the relations between Rabat and Nouakchott.
On Saturday, Hamas said that the Palestinian Authority's (PA) security forces detained Gehad Selim, a student activist who represents the group's bloc in the West Bank's Birzeit University.
South Africa says committed to good relations with Nigeria after diplomats recalled
Israel occupies Palestinian funerals after occupied Palestine land and detained Palestinian youths.. The Israeli authorities said only 70 people are allowed to receive the body..
The demonstrators were trying to move towards the center of the capital from the surrounding municipalities of Musaga, Nyakabiga, Mutakura and Cibitoke.
Kenya's Eliud Kipchoge wins men's race in London Marathon
Kenya's Mary Keitany finished second with Ethopia's Tirfi Tsegaye third.
Burundi police and two government ministers forcefully entered a radio station on Sunday
NGOs say parliamentary motion on ‘genocide’ claims aims at slandering Turkey, not reconciliation between Turks and Armenians.
Police in the Burundian capital fired teargas on Sunday to disperse protesters who had gathered to demonstrate against President Pierre Nkurunziza seeking a third term in office, witnesses said.
The opposition vows to take to the streets to challenge Pierre Nkurunziza's candidacy for the June 26 election.
In a statement, the ministry said Acting High Commissioner in Pretoria Martin Cobham and Deputy High Commissioner in Johannesburg Uche Ajulu-Okeke have been asked to return to Nigeria.
Javad Zarif to meet US secretary of state and EU foreign affairs chief