Argentines with the support of the Catholic Church and a message from Pope Francis, on Sunday turned an annual religious celebration into a massive rally to protest growing unrest over unemployment, recession, inflation and a promised second half of the year rebound which remains absent.
Chinese exports have seen a further decline in July, adding to concerns over the global economic outlook. Exports fell by 4.4% compared to a year earlier, which was a slight improvement over June's 4.8% drop but still worse than analysts had been expecting. And imports were also weaker than estimated, down by 12.5%.
United Nations Secretary General Ban Ki-moon applauded on Monday Argentina's commitment and strong partnership with the UN and its cooperation with other countries. Ban Ki-moon arrived in Buenos Aires from Paraguay and previously from Brazil where he was part of the inauguration of the Rio Olympic Games.
Venezuela announced it will not allow Argentina, Brazil and Paraguay, “the triple alliance” to storm the Mercosur pro tempore presidency, which the government of president Nicolas Maduro is fully exercising. Caracas also claimed that economic forces operating in the dark are interested in a Mercosur “implosion”.
The Falkland Islands Planning and Building Committee has granted permission to the Foreign and Commonwealth Office to undertake clearance of land mines (a technical assessment) at various sites around the Falklands.
The Evening Standard has published a brief summary of the book, “Power and Pragmatism”, which collects the memoirs of former foreign secretary Malcolm Rifkind, and there are some interesting passages referred to talks with Argentine officials about the future of the Falkland Islands.
A lot of people are fretting about the safety of the Rio Olympic Games. Zika fears, the notoriously unsafe water in Guanabara Bay, an Olympic venue so filthy that some rowers and sailors are planning to wear protective gear and of course violent crime.
The Bank of England has unveiled a series of stimulus measures in the wake of Brexit, including its first interest rate cut since the global financial crisis (2009), as it tries to jumpstart an economy shocked by Britain’s vote to leave the European Union.
Gibraltar Chief Minister Fabian Picardo has met with the new Minister for Europe, Sir Alan Duncan, in London, where he set out the concerns that Brexit has created in the Rock. Mr. Picardo also outlined the opportunities that could now be exploited as a result of a new relationship with the EU.
The international prices for major food commodities saw a modest decline in July, following five consecutive months of increases. The FAO Food Pice Index (FPI) averaged 161.9 points in July 2016, slipping 0.8 percent (1.3 points) below its level in June and 1.4 percent below its level of July 2015.