The US economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future, Federal Reserve Chair Janet Yellen told a Senate committee on Tuesday.
British Prime Minister David Cameron pushed through his biggest government shake-up since coming to power in 2010, promoting Euro-skeptics to senior roles ahead of a national election in May next year, among them former defense minister and prominent Euro-skeptic Philip Hammond.
Brazilian president Dilma Rousseff and her Russian counterpart Vladimir Putin have restated their aim of doubling bilateral trade between the two nations to a value of 10 billion dollars a year, in a meeting held a day before the sixth summit of the BRICS group on Tuesday.
Aurelius Capital Management, one of the lead holdout creditors seeking to settle with Argentina over sovereign debt payments from its 2002 default, said on Monday the Argentine government faced a new crisis on July 30 unless it engages in real talks.
The British boss of a FIFA partner firm being investigated over alleged illegal World Cup ticket sales has surrendered to a judge in Brazil. Police had tried to arrest Ray Whelan four days ago but he was not at his exclusive Rio de Janeiro hotel. Mr. Whelan, director of Match Hospitality, denies any wrongdoing.
Chinese President Xi Jinping arrived on Monday to Fortaleza, Brazil for a summit of the BRICS countries. The sixth summit of the BRICS, which consists of Brazil, Russia, India, China and South Africa, will be held in Brazil from Tuesday to Wednesday.
William Hague is stepping down as UK Foreign Secretary, the government said on Monday, as Prime Minister David Cameron reshuffled his cabinet in an apparent attempt to build a winning team for the general election in May next year.
FIFA president Sepp Blatter has praised a very special World Cup in Brazil on Monday and gave the hosts a mark of 9.25 out of 10, slightly better that the 9 he had given South Africa four years ago.
A majority of Uruguayan believe the current government is on the right course but its performance is not satisfactory, according to a local public opinion poll from FACTUM. In effect seven out of ten agree with the course but the same percentages believe the performance is bad.
Laura Silva has just returned to Uruguay after successfully completing her Diplomacy Master’s degree in Oxford, sponsored by a Chevening scholarship. The following is a piece Ms Silva wrote about her experience at Oxford University.