Finance chiefs from around the globe gave the United States until year-end to ratify long-delayed reforms to the International Monetary Fund and threatened to move forward without it if it fails to do so.
With consular representation from New Zealand and Uruguay, survivors of the first major naval battle of the Second World War will gather at Britain's National Memorial Arboretum to unveil a memorial commemorating the event. The Battle of the River Plate took place 75 years ago and less than a dozen veterans are still alive from this, the only episode of the war to take place in South America.
The Plymouth based frigate, HMS Portland currently deployed on South Atlantic tasking reached this week South Africa's Cape Town where she was involved in promoting Britain and in charity activities. Previously she made a short stop in the Angolan capital, Luanda to highlight UK’s relationship with Angola and provide training to Angolan Navy personnel.
Peruvian President Ollanta Humala at the end of his three day visit to Canada was honoured in Toronto by the Canadian Council of the Americas with the Statesman of the Year annual award. On thanking the award President Humala said that Peru during this year is expected to expand over 5.5% while investment is set to increase by 8%.
Two years after it nearly crashed out of the Euro zone, Greece returned to the bond market this week with yield-hungry investors rushing to buy its debt in a 3-billion Euro deal that could mark the beginning of the end of its bailout. Athens offered a yield of just 4.95% to sell five-year bonds, the second lowest borrowing costs for a bailed-out Euro zone state returning to market.
The International Olympic Committee is sending its executive director Gilbert Felli to Brazil next week as part of a series of emergency measures to tackle the delays threatening the 2016 Games in Rio de Janeiro. The announcement was made by IOC president Thomas Bach.
The Treasury of South Georgia & The South Sandwich Islands have issued a new crown which celebrates the centennial of one of the Island group’s most well-known and recognized landmarks: the Grytviken Church.
China's exports and imports fell sharply in March, adding to recent indicators pointing to a slowdown in the world's second-largest economy. The country's exports fell by 6.6% in March when compared with the previous year, while imports dropped by 11.3% in the same month, when compared with the same time last year.
United States beef shipments to Japan may drop after the largest Asian buyer inked this week a deal with Australia to begin reducing import tariffs as early as next year, the Japanese agriculture ministry said.
UK interest rates have been held at their record low of 0.5% for another month by the Bank of England. On Thursday the Bank also kept the size of its bond-buying stimulus program unaltered at £375bn. No changes had been expected to either rates or the bond-buying measure, despite recent evidence that the UK economy is continuing to recover.