President Donald Trump announced on Thursday his plans for tariffs on up to US$60 billion annually in Chinese imports, designed as retaliation for an administration report that will outline Beijing’s violation of U.S. intellectual property rights.
The Falkland Islands government has announced details of next Monday's visit of relatives of the Argentine fallen soldiers whose remains, at the Argentine military cemetery at Darwin, were recently identified by a special team led by the International Red Cross. The release states the following:
Journalists and radio broadcasters at Empresa Brasileira de Comunicação (Brazil Communication Company, or EBC), a federal public agency, protested on March 20 against direction given by company managers to reduce coverage of the murders of Marielle Franco, a city councilor for Rio de Janeiro, and her driver Anderson Gomes, both killed in a March 4 shooting.
Brazilian prosecutors on Wednesday said they had opened an investigation into whether London-based political consultancy Cambridge Analytica acted illegally in Brazil, as controversy over the firm’s data harvesting practices spreads across the globe.
Facebook founder Mark Zuckerberg has admitted that the social network “made mistakes” that led to millions of Facebook users having their data exploited by a political consultancy.Cambridge Analytica is accused of improperly using the data on behalf of political clients. In a statement Zuckerberg said a “breach of trust” had occurred. In a later interview with CNN he said he was “really sorry”, and pledged to take action against “rogue apps”.
Embattled President Pedro Pablo Kuczynski has offered his resignation to Peru's congress ahead of a scheduled vote on whether to impeach the former Wall Street investor on corruption charges, according to a presidential aide. If congress accepts the resignation, power would transfer to Vice President Martin Vizcarra, who is serving as Peru's ambassador to Canada.
The Federal Reserve is raising its benchmark interest rate to reflect a solid U.S. economy and signaling that it's sticking with a gradual approach to rate hikes for 2018 under its new chairman, Jerome Powell. The Fed said it expects to increase rates twice more this year. At the same time, it increased its estimate for rate hikes in 2019 from two to three, reflecting an expectation of faster growth and lower unemployment.
A Facebook shareholder is suing the social media giant for allegedly misleading investors in the Cambridge Analytica affair that's currently rocking the social network. Fan Yuan, who owns Facebook stock, filed a lawsuit Tuesday in the District Court of Northern California, located in San Francisco, on behalf of Facebook shareholders. Gizmodo first reported the lawsuit, which is seeking class action status. You can read the full complaint here.
The world’s financial leaders rejected protectionism on Tuesday and urged “further dialogue” on trade, but failed to diffuse the threat of a trade war days before U.S. metals tariffs take effect and Washington is to announce measures against China. Finance ministers and central bankers of the world’s 20 biggest economies, which represent 75% of world trade and 85% of global gross domestic product, discussed trade disruptions as a risk to growth at a two-day meeting.
UK inflation was weaker than expected in February easing some of the squeeze on households' spending power but doing little to change bets on a Bank of England rate rise in May. Official data showed consumer prices rose by an annual 2.7% last month, the weakest increase since July of last year and down from a rise of 3.0% in January.