Asian markets continued to fall on Wednesday, with Shanghai opening down more than 4% amid continuing worries about China's growth. On Tuesday, data suggesting China's manufacturing sector was shrinking at its fastest pace in three years ignited a global market sell-off, resulting in US stocks closing down nearly 3%.
In a new set of pastoral guidelines for the upcoming Holy Year of Mercy Pope Francis has made some significant moves, allowing all priests to forgive the sin of abortion and granting SSPX priests the faculty to forgive sins.
Credit rating firm Moody’s cut its 2016 global economic growth forecasts, with China and United States both trimmed and Russia and Brazil seen staying in recession.
Britain's Rolls-Royce is cooperating with investigators in a massive corruption scandal at Brazilian state oil giant Petrobras, a spokesman said. The engineering company confirmed it had been contacted by investigators involved in the probe, which has engulfed Brazil's political and business establishment amid allegations of a massive kickbacks scheme.
China's factory activity contracted at its fastest pace in three years in August, confirming fears that the country's growth is continuing to slow. The official manufacturing purchasing managers' index (PMI) dropped to 49.7 from 50 in July.
Argentine Veterans from the 1982 Malvinas war will continue to voice their condemnation of abuse suffered at the hands of their superior officers as a legal team reiterate their demands for recognition and justice before federal courts in Río Grande on Monday.
Norwegian boat builder Selfa Arctic AS is now supplying the world's first electric fishing vessel. In effect Norwegian fishing company Øra AS has order the world’s first electric fishing vessel, which has been under construction since last autumn.
Former French president Nicholas Sarkozy, visiting Buenos Aires, has offered to bring sides together regarding the Falklands/Malvinas Islands dispute between Argentina, the United Kingdom and the Islanders, according to the incumbent presidential candidate Daniel Scioli.
Spain has signaled its “full willingness” to improve cross-border law enforcement cooperation with Gibraltar, according to a press report in Spain. 'El Pais' said Madrid was seeking to defuse the fallout from last Saturday’s incident at sea, during which warning shots were fired by officers of the Servicio de Vigilancia Aduanera (Customs) who tried to board a local pleasure boat in British waters.
By Patrick Watts in Eindhoven. - 20 year old Uruguayan sensation Gaston Periero is loving every minute of his new footballing career in the city of Eindhoven, where he now plays for the Netherlands Champions PSV before crowds of 50,000 fanatical supporters.