Ukraine's next crisis will be a devastatingly economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, furthering weakening the energy sector by crippling coal-based electricity production.
China's manufacturing activity missed expectations in August, indicating that the country's economy may be losing momentum and require more stimulus. The official purchasing managers index (PMI) fell to 51.1 for the first time in seven months from 51.7 in July, the National Bureau of Statistics said.
The European Commission opened Private Storage Aid for butter, Skimmed Milk Powder (SMP) and certain cheeses in order to alleviate the impact of Russian restrictions on imports of EU dairy products and to limit the negative effects on the internal market.
The International Monetary Fund (IMF) has expressed confidence in its leader Christine Lagarde, despite her being investigated for negligence in France. Ms Lagarde, 58, has been questioned about her role in awarding compensation to businessman Bernard Tapie in 2008, when she was Minister of Finance.
Two Australian farmers from Tasmania have found what they hope to prove is the world's woolliest sheep. Peter Hazell said he had no trouble capturing the animal, which was wandering with its vision obscured by wool in scrubland on his property in Tasmania's Midlands on Sunday.
Foreign Minister Hector Timerman referred to Argentina’s plan to regulate international debt restructurings, to be presented on Tuesday before the UN’s General Assembly, and stressed the importance of the project saying that “the legal loophole is huge” and that it affects “most of the countries in the world.”
British Prime Minister David Cameron said over the weekend he was feeling emotional and nervous about the September 18 Scottish independence referendum.
The Italian economy contracted by 0.2% in the second quarter of 2014, Istat said Friday, confirming the continuation of the country's longest postwar recession. GDP was down 0.1% in the first quarter, it added. Likewise deflation hit Italy in August for the first time in more than 50 years, while unemployment rose again in July by 0.3% over June to 12.6%.
A German news magazine reported on Sunday that Chancellor Angela Merkel is unhappy with European Central Bank chief Mario Draghi for apparently proposing a greater emphasis on fiscal stimulus over austerity in order to boost growth in Europe.
THE 2014/15 cruise ship season is looking good for the Falklands, with approximately 52,000 passengers due to land with 86 calls to Stanley and a further 113 calls to various Camp landings as well.