UK's credit rating has been cut over concerns about the country's public finances and fears Brexit could damage the country's economic growth. Moody's, one of the major ratings agencies, downgraded the UK to an Aa2 rating from Aa1.
The Organization of American States (OAS) will deploy an Electoral Observation Mission to Brazil’s general elections scheduled for October 2018. It will be the first time the hemispheric organization observes elections in Brazil.
Brazil’s central bank trimmed its inflation forecast on Thursday and said it expected economic growth to pick up into next year, painting a rosier picture for Latin America’s largest economy as interest rates approach record lows.
Chileans in the Falkland Islands celebrated their country's Independence Day with a reception at Government House in Stanley on Monday and on the weekend a traditionally lively gathering at The Narrows Bar.
London mayor Sadiq Khan is to address the Labour Party conference after initially being told he would not get a slot. Labour leader Jeremy Corbyn told BBC London: “Sadiq is speaking. I'm delighted to say he is and I'm looking forward to listening to him.”
Theresa May will tell EU leaders there is a shared responsibility to make Brexit work “smoothly” as she attempts to break the deadlock in negotiations. In a major speech in Florence on Friday, she will say history will judge Brexit “not for the differences we faced, but for the vision we showed”.
Thousands gathered on Thursday to demand the release of a dozen Catalan officials arrested in connection with a vote on independence that Spanish authorities are challenging as illegal. The demonstrators, who met at the gates of Catalonia’s judicial body in Barcelona, answered a call by pro-independence civic groups to stage long-term street protests against the police surprise crackdown one day earlier.
Chile’s central bank said it had revoked a reciprocal credit line with its Venezuelan counterpart, citing what it called Venezuela’s failure to pay back its debts. In a statement, Chile’s central bank said it had notified Venezuela’s central bank and that the line would be cancelled within 10 days.
Brazilian officials plan to visit Venezuela next week to prevent Caracas from defaulting on contracts worth as much as US$5 billion after falling in arrears on a payment due to infrastructure contractors this month, newspaper Folha de Sao Paulo reported on Thursday.
Theresa May is expecting Boris Johnson to remain in her Cabinet as Foreign Secretary, Downing Street has said. The comment came after Mr. Johnson dismissed reports that he might be on the verge of quitting and denied the Cabinet is split over Brexit, insisting: “We are a nest of singing birds.”