Two days before presidential elections in Venezuela, the Trump administration on Friday announced sanctions against a powerful governing party politician, accusing him of drug trafficking, extortion, money laundering and embezzling government money.Add your comment!
Benchmark oil contract Brent North Sea hit its highest level since late 2014 on Thursday, breaching US$ 80 per barrel, with some market players predicting it could rise all the way to US$ 100. Higher oil prices, in turn, pushed the shares of energy firms in European stock markets higher, helping London's FTSE to set a new all-time high, and the Paris CAC to establish a fresh 2018 peak.Add your comment!
High interest rates will have a negative impact on activity, and the weaker peso resulting from a floating exchange rate regime will add to already sky-high inflation, but both are necessary to prevent a deeper crisis, Argentine Treasury Minister Nicolas Dujovne admitted on Monday.2 comments
Fresh protests against Israel are expected on Tuesday in the Palestinian territories, a day after Israeli troops killed 55 people in Gaza. Tuesday marks the 70th anniversary of what Palestinians call the Nakba, or Catastrophe, that saw thousands flee amid the creation of Israel in 1948. Tensions will be particularly high in Gaza where funerals for those killed on Monday are due to take place.1 comment
Russian President Vladimir Putin has spoken with Germany's Angela Merkel and Turkey's Recep Tayyip Erdogan in a bid to keep the Iran nuclear deal alive after the US decision to withdraw, the Kremlin said Friday.Add your comment!
Europe cannot put all of its trust in the U.S. when it comes to protection and should instead “take its destiny into its own hands,” German Chancellor Angela Merkel has said. It's no longer the case that the United States will simply just protect us.1 comment
Western powers, Russia and China remain committed to the Iran nuclear deal - after the US announced it was withdrawing from the agreement. The UK, France and Germany say they will work with all remaining parties and urged the US not to obstruct its implementation and the other signatories to the 2015 deal - Russia and China - have also stressed their continuing support.
The dollar hovered near a four-month high on Tuesday, continuing to draw support from higher Treasury yields and upbeat prospects for the U.S. economy, leaving its major rivals such as the Euro struggling and other Latin American currencies including the Argentine peso down sharply.
Britain will remain a “very important pillar” of the United Nations after Brexit, the organization's secretary general has said. Antonio Guterres’s comments appear to contradict the fears of some opponents of Brexit that the UK’s withdrawal from the EU might throw into question its position as one of the five permanent members of the UN Security Council, alongside the US, Russia, China and France.
The influential US gun lobby the National Rifle Association (NRA) has elected a former aide to President Ronald Reagan as its new president. Oliver North, a retired US Marine Colonel, played a major role in the so-called Iran-Contra scandal.