Oxfam GB has been banned from operating in Haiti after its staff were accused of sexual misconduct following the 2010 earthquake. Haiti's government said the decision was taken because of Oxfam's “violation of its laws and serious breach of the principle of human dignity”.
The European Central Bank (ECB) has confirmed it will end a huge program to stimulate the Euro-zone economy in December. The ECB will stop its bond-buying scheme, worth €30bn a month, despite a recent slowdown in the bloc's recovery.
The International Monetary Fund said on Thursday that tax cuts will help fuel the U.S. economy this year and next. But it warned that growth after that will slide to levels just half of what the Trump administration is forecasting.
The former head of the Royal Navy has warned of a developing negative situation over the number of ships available to patrol Britain’s coastal waters post-Brexit. Labour’s Lord West of Spithead told the Lords at question time there were not enough vessels to look after the inshore waters and the exclusive economic zone.
Argentine president Mauricio Macri appointed Finance Minister Luis Caputo as president of the central bank on Thursday, after the outgoing head of the bank resigned and acknowledged having lost credibility.
Britain will be left a “mangy old lion” as a result of Brexit, isolated from its allies and reduced to begging for trade deals from one-time colonies, a former Foreign Office minister is warning. Lord Malloch-Brown, who chairs the Best for Britain campaign for a second referendum, said that the UK’s loss of influence was exposed at last week’s G7 summit, where Theresa May was left a “spectator” to a clash between the US, Canada and the EU.
Argentine authorities have asked to use US$7.5 billion of the US$50 billion financing deal signed with the International Monetary Fund to fund their budget, IMF Managing Director Christine Lagarde said in a statement. Argentina’s Finance Ministry said in a separate statement that the funds would be sold on the market through pre-announced daily auctions conducted by the central bank.
Argentine president Mauricio Macri was detected a benign cyst in the pancreas, according to an official release from the Executive Office. The condition was discovered during a routine medical checkup last 23 May and following clinical studies including a magnetic resonance, the diagnosis was confirmed but a treatment is not necessary, although he will continue under medical monitoring.
The Falkland Islands flag is currently flying above No 6 Convent Place to commemorate the Falkland Islands’ Liberation Day.
Brazil’s competition authority Cade has reached a settlement with Morgan Stanley and Royal Bank of Canada, fining them a combined 42.9 million reals (US$11.6 million) for forming a cartel manipulate FX markets.