Chinese shares have returned to positive territory after massive losses earlier in the week rocket markets around the globe. The Shanghai Composite was up by 2.3% at 2,991.91 points. The turnaround, though, does little to make up double digit percentage losses made so far this week.
A record of 31 professionals from Uruguay have been awarded with Chevening scholarships to study courses in different disciplines in the United Kingdom. Chevening are UK government’s global scholarship program, funded by the Foreign and Commonwealth Office and partner organizations, such as Uruguay's research and innovation office, ANII.
Chinese shares continued to lose ground despite the central bank's latest effort to reassure traders. The mainland's benchmark Shanghai Composite was down 1.1% to 2,930.23 points after a volatile open earlier. The index had already fallen about 16% this week, sending shockwaves through global markets.
Central banks are under too much pressure to fix struggling economies, according to the man in charge of India's monetary policy. Reserve Bank of India governor Raghuram Rajan hinted that using cheap money to tackle economic problems - rather than painful reform - had to stop.
Around the world humankind benefits from its relationship with dogs; a truth which is at the core of World Dog Day, celebrated annually on the 26th August. In recognition and celebration of the age-old union between Man and Dog, HealthforAnimals has created an online interactive info-graphic, detailing the many valuable roles dogs perform in societies all around the world.
China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe.
Anglo-Dutch energy giant Shell made a stride forward in its push for part of Argentina’s nascent shale oil pie after the Neuquen province government gave it the rights to exploit two unconventional oil areas in the much-coveted Vaca Muerta region for the next 35 years.
With FIFA reeling from the most damaging corruption crisis in its 111-year history, (14 FIFA officials and marketing executives were indicted by US justice authorities in May over a $150 million bribery scandal), Sepp Blatter denied that FIFA was corrupt to the core.
Britain has ordered additional Saab-built Giraffe AMB radars to bolster ground-based air defenses on the Falkland Islands against a possible future threat from Argentina, reports Defense News. The Swedish company announced on 24 August that it had received an order valued at 610 Swedish krona million ($74 million dollars) from the UK Ministry of Defense for the supply of new radars and the upgrade of existing systems.
Shares in London and elsewhere in Europe rebounded at the start of trading on Tuesday, despite another night of steep falls for the Chinese stock market. The FTSE 100 rose 1.6% to 5,994.11, while Germany's Dax and Paris Cac were both up about 1.4%. The gains came after Chinese stocks continued their run of big losses.