China's president Xi told the World Economic Forum in Davos on Monday that the “migrant crisis had been caused by war, conflict and regional turbulence,” not globalization. Similarly, the 2007/8 financial crisis was caused by “the excessive pursuit of profits and a lack of economic regulations,” he said.
Prime Minister Theresa May has said the UK “cannot possibly” remain within the European single market, as staying in it would mean “not leaving the EU at all”, but at the same time promised to push for the “greatest possible” access to the single market following Brexit.
Just eight of the richest people on earth own as much combined wealth as half the human race. The charity Oxfam does the math each year and publishes its results just in time for the World Economic Forum in Davos, Switzerland, where many of the spectacularly wealthy are often among the attendees, along with diplomats, political figures, and business and cultural leaders.
The British pound has fallen against the dollar to below US$1.20 ahead of a key speech from Theresa May on Brexit this week. Sterling fell 1.5% against the US currency on Sunday to its lowest level since the flash crash in October.
US-President-elect Donald Trump said in a newspaper interview published on Sunday that “Brexit is going to end up being a great thing.” He also confirmed he will be meeting with British Prime Minister Theresa May soon after his inauguration on January 20 to finalise a trade agreement between the two countries that will be “good for both sides.”
The bones of Josef Mengele, an infamous German doctor who conducted horrific experiments on prisoners at the Auschwitz concentration camp during World War II to the point of becoming known as “Angel Of Death,” are now at the service of Brazilian medical students.
British politics risks being “infected by the contagion” of fake news stories, a senior Labour MP has said. Michael Dugher said the problem was not confined to the US and news outlets everywhere had a duty to scrutinise politicians on the basis of “truth and reality” not “click-bait nonsense”.
Global Times, the official English language spokesperson of the Chinese Communistry party has sent a very strong reply to the incoming Trump administration referred to the disputed South China islands occupied by Beijing.
Argentina struck an 18-month financing deal worth US$6 billion with six banks on Thursday, Finance Minister Luis Caputo told reporters, saying the government planned to tap international capital markets for US$10 billion in 2017. Sovereign bond issuance will start on Jan. 19, with a sale of US$3 billion to US$5 billion in U.S. dollar-denominated paper.
Falkland Islanders can expect a total of 46 minefields cleared over the next two years in the Mount Longdon and Stanley area confirmed a Foreign and Commonwealth Office delegation in the Falklands this week. Mines are the long lasting and unwanted legacy of the 1982 war.