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.
The British embassy in Iran has reopened, nearly four years after it was closed. Foreign Secretary Philip Hammond attended a ceremony on Sunday in Teheran with Iranian diplomats to mark the reopening while Iran has also reopened its embassy in London.
Three South African Navy ships have joined two British Royal Navy vessels and welcomed them to Simon’s Town. The frigate HMS Lancaster and Royal Fleet Auxiliary tanker, Gold Rover, on Atlantic Patrol Tasking have both spent 19 days travelling 4,000 miles across the cold South Atlantic, calling at the Falkland Islands and South Georgia.
Chinese shares continued their sharp fall on Monday as concerns over the country's slowing growth and volatile markets sparked panic among traders. The mainland benchmark index, the Shanghai Composite, fell sharply by 8.4% to 3,211.75 points, extending last week's losses.
The funeral of an alleged mafia boss in Rome has sparked anger after a lavish cortege with black-plumed horses, petals dropped from a helicopter and the theme tune from The Godfather. Italian politicians denounced the ostentatious send-off for Vittorio Casamonica, 65.
By Jimmy Burns - The snapped moment of encounter projected fast and globally on the world wide web has become as much as a characteristic of the Francis papacy, as his twitter account @pontifex. This is a papacy with a charismatic personality and instinctive communicator at its helm. It is also a papacy advised by media specialists and diplomats that know something about the opportunity offered by the digital age to spread a message with an impact that would have inconceivable just a few years ago.