Brazil's finance minister has said that he is ready to listen to the U.S. policies on trade at this weekend's G-20 meeting but speaks from experience when he says he believes a free economy is better for everyone. Brazil actually has experience of closing down its economy, Henrique Meirelles said on Thursday.Add your comment!
The Bank of England (BOE) held interest rates at the record low level of 0.25% and maintained asset purchases at £435 billion on Thursday. The decision, which was made by an 8-1 majority, had been almost unanimously anticipated by central bank watchers with many expecting the BOE to choose caution until more clarity emerges on the Brexit process and the U.K. economy's capacity to manage outside of the European Union.Add your comment!
The UK government is to reject calls for a Scottish independence referendum before Brexit after Theresa May said now is not the time. The prime minister said the focus should be on getting the best Brexit deal for the whole of the UK.69 comments
Dutch Prime Minister Mark Rutte on Wednesday claimed a dominating parliamentary election victory over anti-Islam lawmaker Geert Wilders, who failed the year's first litmus test for populism in Europe. Provisional results with over half the votes counted suggested Rutte's party won 32 seats in the 150-member legislature, 13 more than Wilders' party, which took only third place with 19 seats. The surging CDA Christian Democrats claimed 20.15 comments
Prime Minister Theresa May has claimed that Scotland will be leaving the European Union regardless of whether or not it votes for independence. Speaking during an exchange with the SNP's Angus Robertson, Theresa May also warned against constitutional game-playing.16 comments
Brazil's top public prosecutor seismically expanded a corruption probe of the country's political establishment on Tuesday, asking the Supreme Court to open 83 new investigations of politicians named in explosive plea bargain testimony. Prosecutor General Rodrigo Janot also requested that the Court send 211 other requests to lower courts based on much-anticipated testimony by executives of engineering group Odebrecht implicated in Brazil's biggest-ever graft scandal.1 comment
Support for Scottish independence is at its highest-ever level, according to an academic study, but the Scottish Social Attitudes survey also suggested the popularity of the European Union has fallen. The researchers said this suggested focusing on EU membership may not be the best way to swing more voters towards independence.29 comments
OPEC's coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. But resurging U.S. shale has been capping the upside, and Brent has not breached US$58 per barrel. Analysts and experts are now mostly predicting that oil prices will remain below US$60 this year.
Mexico's top diplomat was in Washington last week for meetings with the U.S. government, sidestepping the normal channels and heading straight for the White House. Mexican Foreign Secretary Luis Videgaray met at the White House with President Trump's son-in-law and senior advisor Jared Kushner, along with National Security Advisor H.R. McMaster and Gary Cohn, a top financial aid, the Mexican government announced.
The British Parliament passed on Monday the Brexit bill, paving the way for the government to trigger Article 50 so the UK can leave the European Union. Peers backed down over the issues of EU residency rights and a meaningful vote on the final Brexit deal after their objections were overturned by MPs. The bill is expected to receive Royal Assent and become law on Tuesday.