Argentine ambassador in UK on Monday rejected pointblank that the veto to foreign minister Susana Malcorra's UN Secretary General candidacy could have been linked in any way to the Falklands/Malvinas dispute between UK and Argentina.
Brazil’s Prosecutor-General’s Office questioned the constitutionality of President Michel Temer’s proposed public spending cap and recommended that Congress shelve the austerity measures. The office said in a statement the proposal interferes with the autonomy of other federal powers and would weaken the country’s judicial system, handicapping efforts to combat corruption.
The world is swimming in a record US$152 trillion in debt, the IMF said on Wednesday, even as the institution encourages some countries to spend more to boost flagging growth if they can afford it. Global debt, both public and private, reached 225% of global economic output last year, up from about 200% in 2002, the IMF said in its new Fiscal Monitor report.
The FAO Food Price Index averaged 170.9 points in September, up 2.9% from August and 10% from a year earlier. The increase was driven by a 13.8% monthly jump in the FAO Dairy Price Index, partly as a result of a sharp jump in butter prices benefiting exporters in the EU, where dairy output is declining.
The airline industry agreed on a framework for reducing its carbon footprint at a UN meeting in Montreal, the first commercial sector on its own to tackle climate change. Six years of negotiations culminated in what International Civil Aviation Organization president Azharuddin Abdul Rahman called a historic deal at the ICAO's plenary session to cap carbon-dioxide emissions by 2035 at 2020 levels.
Global food markets will likely remain generally well balanced in the year ahead, as prices for most internationally-traded agricultural commodities are relatively low and stable, FAO said. The benign outlook, especially for staple grains, is poised to lower the world food import bill to a six-year low, according to the Food Outlook.
Federal Reserve Vice Chairman Stanley Fischer said a rising tide of opposition to international trade and integration threatens global growth. Global trade this year will grow at the slowest pace since 2007, according to the World Trade Organization.
A group of major business lobby groups has written an open letter urging the United Kingdom government to preserve barrier free trade with Europe. The letter is signed by leaders of the Confederation of British Industry, CBI, and manufacturers' body the EEF.
Tuesday 4 October was the 25th anniversary of the Protocol on Environmental Protection to the Antarctic Treaty which was created in order to protect the unique and pristine Antarctic landscape. The Protocol designates Antarctica as a natural reserve, devoted to peace and science; and bans the commercial extraction of minerals (mining and drilling).
Neither in four years or in 4,000 or any other longer time, the Spanish flag will never fly over Gibraltar. It’s “No way, Jose”, so get used to it”, was the direct and clear message from Chief Minister Fabian Picardo to the Caretaker Spanish Foreign Minister Jose Manuel Garcia Margallo who on Wednesday night vowed to “plant his flag on Gibraltar”.