Spain’s Prime Minister Mariano Rajoy has dropped José Manuel García-Margallo from his cabinet, replacing him as Foreign Minister with a career diplomat from Jerez de la Frontera. Although there had been wide speculation that García-Margallo would not continue in the Ministry for Foreign Affairs, the appointment of 61-year old Alfonso María Dastis Quecedo took most pundits by surprise.
The Uruguayan Football Association, AUF, decided on Friday to suspend all soccer activities of the weekend including the main league matches, following the death of a supporter from Pe;arol, one of the leading teams of the country who has been shot and seriously wounded in late September by fans from the other big club of the country, Nacional.
The UK will increase its contribution to prosperity programs in Colombia by up to £25 million, supporting economic development and opening up investment and export opportunities worth in the region of £6 billion to the UK economy.
Tony Mason, Former Chief Executive Officer of the Falkland Islands Tourist Board has been appointed to the role of Chief Executive Officer for the Latin America Travel Association.
Central Bank governor and finance ministry are in the process of adjusting their economic policy should the Republican candidate be elected. Mexican Central Bank governor Agustín Carstens, notorious for having stated that a victory for Donald Trump would hit his country like a hurricane, admitted Thursday he is readying a contingency plan for an “adverse” election result in the United States' presidential elections.
.
CEO says air travel is too expensive in Argentina, Venezuela, Costa Rica and all around Central America. Air France-KLM unveil plans for new long-haul company to bring down costs without becoming a low cost brand.
Friday November 11 is Remembrance Day (Poppy Day) and the event will be recalled in Uruguay with a brief service at the British Cemetery, November 11th, at 11:00 am, and a Remembrance Sunday Service will take place on Sunday 13 November at 10:30 am, at the Cathedral of the Holy Trinity (Templo Inglés).
England and Scotland's footballers will defy the sport's global governing body and wear black armbands bearing poppies in their 11 November match. The FA and SFA have rejected FIFA's ban on poppies being displayed on the pitch for the World Cup Armistice Day qualifier. The ruling by football's world governing body was earlier described by the Prime Minister as “utterly outrageous”.
British government’s plan for leaving the European Union was thrown into uncertainty on Thursday after the High Court ruled that Parliament must give its approval before the process can begin. The court’s decision seemed likely to slow — but not halt — the British withdrawal from the bloc, a step approved by nearly 52% of voters in a June referendum.
By Kenneth Rogoff
Markets nowadays are fixated on how high the US Federal Reserve will raise interest rates in the next 12 months. This is dangerously shortsighted: the real concern ought to be how far it could cut rates in the next deep recession. Given that the Fed may struggle just to get its base interest rate up to 2% over the coming year, there will be very little room to cut if a recession hits.