Argentina's footballers inflamed their country's rivalry with England on the eve of the World Cup on Saturday, unfurling a banner claiming sovereignty of the Falkland Islands before defeating Slovenia 2-0.
The Bank of England kept its benchmark interest rate steady on Thursday to support the UK economy's ongoing recovery, as figures showed house prices rose at the most rapid pace in almost 12 years during May.
The International Monetary Fund (FMI) welcomed on Friday “all the specified actions,” taken by Argentine President Cristina Fernández administration, to improve Consumer prices and Gross Domestic Product indexes under INDEC National Statistics Bureau orbit.
The International Monetary Fund (IMF) has warned the government that accelerating house prices and low productivity pose the greatest threat to the UK's economic recovery. Rising property values could leave households more vulnerable to income and interest rate shocks.
The UK will continue to raise the issue of sovereignty of the Falkland Islands and the right of self determination of the Islanders with the United States administration at very senior levels, according to the UK government response to the House of Commons Foreign Affairs Committee.
The International Monetary Fund expressed “concern” on Thursday over the outcome of Argentina's 'vulture funds' case. The US Supreme Court is scheduled to consider on June 12 whether to hear Argentina's appeal of rulings requiring it to pay the holdout bondholders back in full.
Barbados, a small Caribbean island at the cutting edge of the fight against climate change, will be hosting this year's World Environment Day, leading United Nations-wide efforts to draw attention to the plight of the world's small islands potentially in peril of being lost to sea-level rise.
The European Central Bank has introduced a raft of measures aimed at stimulating the Euro zone economy, including negative interest rates and cheap long-term loans to banks. It cut its deposit rate for banks from zero to -0.1%, to encourage banks to lend to businesses rather than hold on to money. The ECB also cut its benchmark interest rate to 0.15% from 0.25%.
Pope Francis sacked on Thursday the five-man board of the Vatican's financial watchdog, all Italians, in the latest move to break with an old guard associated with a murky past under his predecessor.
The remaining tickets for the most important World Cup matches were sold out fast on Wednesday, disappointing hundreds of fans who waited in line across Brazil.