The world is entering a new economic era—one that won’t be defined by America.
This past March marked a radical turning point for the global economy, particularly the United States’ economic dominance.
China proposed the launch of the Asian Infrastructure Investment Bank (aiib)—a new, Chinese-run international bank specifically designed to challenge U.S. global economic leadership. America tried to convince other nations not to agree to join. But it failed—even with its closest allies.
New Malvinas secretary says Buenos Aires will defend its claim to islands and surrounding waters in international courts
Argentina will seek legal punishment, including prison sentences, for anyone who drills for oil in the Falklands and the surrounding waters it claims as its territories, the country’s newly created Malvinas secretary has told the Guardian. Continue reading →
Prime Minister David Cameron’s spokesman Steve Field said it was “very sad that Argentina continues with their approach of confrontation, not cooperation.”
Argentina has become increasingly assertive over its claims to the islands that it calls the Malvinas, as well as the British-held South Georgia and South Sandwich islands. At stake are not only the islands, but also rich fishing grounds and potential undersea gas and oil reserves in the surrounding seas.
Cameron insists London will not enter negotiations on the sovereignty of the islands. He has said the people of the Falklands must decide their own future and claims Argentina has taken a colonialist approach to the islands’ residents.