Stories for July 2016

Monday, July 11th 2016 - 07:24 UTC
IMF lowers Euro Zone growth prospects because of Brexit and extended risk aversion

The International Monetary Fund has cuts its economic growth forecasts for the Euro zone in the wake of the UK's vote to leave the European Union. The Euro zone is now expected to grow by 1.6% this year and 1.4% in 2017.
Monday, July 11th 2016 - 07:21 UTC
US employment rebounds strongly during June

US economy created 287,000 jobs in June, rebounding strongly from disappointing growth in May. The figure was much stronger than forecast, and the dollar and yields on US government bonds rose in the belief a US rate rise was now more likely.
Monday, July 11th 2016 - 07:19 UTC
Second Chinook helicopter back in the Falklands from Afghanistan

The United Kingdom has returned to the Falkland Islands one of the two Boeing Chinook heavy-lift helicopters that were withdrawn in 2006 for operational service in Afghanistan, the Ministry of Defense (MoD) told IHS Jane's on 4 July.
Monday, July 11th 2016 - 07:16 UTC
Lord Prescott admits Iraq war was “illegal” and a “catastrophic decision”

John Prescott, who was deputy prime minister when Britain went to war with Iraq in 2003, says the invasion by UK and US forces was “illegal”. Writing in the Sunday Mirror, he said he would live with the “catastrophic decision” for the rest of his life.
Monday, July 11th 2016 - 06:20 UTC
The Pound beats the Argentine Peso as worst performing currency in 2016

The pound has beaten the Argentine peso to become 2016's worst performing currency after it plunged to a 31-year low in the aftermath of the decision to leave the EU. Sterling dipped below US$1.30 for the first time since 1985 in the second week after the European referendum.
Monday, July 11th 2016 - 06:16 UTC
Pope Francis appeals to “a greater Fatherland” in message to Argentina's independence bicentennial

In anticipation of Argentina's Independence Day bicentenary on Saturday,( 9 July 1816), Pope Francis sent a special message calling for the homeland to fulfill the prophesy of Joel (1st chapter. 4th verse) — only if our grandparents dare to dream and our youths to prophesy great things can our homeland be free.
Monday, July 11th 2016 - 06:12 UTC
Disenchantment with Trump and Hillary makes room for an alternative candidate, shows Reuters/Ipsos poll

A public opinion poll from Ipsos, contracted and publishes by Reuters shows that United States citizens demand for an alternative to the two main presidential candidates has surged since the last election, underscoring the unpopularity of Republican Donald Trump and Democrat Hillary Clinton.
Monday, July 11th 2016 - 06:07 UTC
Brazilian army take to the streets in a display of force in anticipation of the Olympic Games

Brazilian soldiers were on the streets last Saturday, checking out spots around the city that will get intense security when the Rio de Janeiro Olympics open in under four weeks. Armored vehicles and trucks carrying troops were accompanied by soldiers decked out in camouflage gear and matching helmets, with rifles slung over their shoulders. The soldiers covered the city, from Copacabana Beach to the central train station and the renovated port area.
Monday, July 11th 2016 - 05:12 UTC
Raw sewage and super-bacteria off Rio beaches threaten Olympic water competitions

A group of Brazilian scientists has just discovered a drug-resistant super-bacteria growing off some of Rio de Janeiro’s beaches, with less than a month to go until the 2016 Olympic Games officially commence, which will be hosted by the city from August 5.
Monday, July 11th 2016 - 05:08 UTC
Meirelles budget lower deficit objective prevails in the Temer administration

Brazil set a smaller 2017 primary deficit target than initially envisioned, in an attempt to show greater austerity after an increase in spending raised doubts about the government's fiscal discipline. The central government primary deficit target was set at 139 billion Reais (US$41.32 billion) for 2017, a figure well below the 160 billion Reais it initially considered.