North Korea will not see any economic sanctions lifted until it has demonstrated “complete denuclearisation”, US Secretary of State Mike Pompeo has said. Pompeo was speaking at a press conference in Seoul with his South Korean and Japanese counterparts.
Foreign banks and funds are set to benefit from a move by U.S. regulators to simplify a trading rule that foreign banks and regulators say has inadvertently complicated firms operating as far afield as Europe and Asia. The Federal Reserve, alongside other U.S. regulators, on Wednesday proposed rewriting the “Volcker Rule” introduced following the 2007-2009 financial crisis in a bid to simplify the regulation and make it easier for banks to comply.
We, the G7 foreign ministers, of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America and the High Representative of the European Union, are united in condemning, in the strongest possible terms, the attack that took place against Sergei and Yulia Skripal, using a nerve agent in Salisbury, United Kingdom, on March 4, 2018. A British police officer and numerous civilians were exposed in the attack and required hospital treatment, and the lives of many more innocent British civilians have been threatened. We express our deepest sympathies to them all and our admiration and support for the UK emergency services for their courageous response.
Canadian Prime Minister Justin Trudeau backed air strikes by the United States and its allies on Syria’s chemical weapons program but Argentina, Brazil and Peru voiced caution during a regional summit about the escalating military action.
Brazilian shareholders of state-controlled Petrobras are petitioning a Brazilian court to be paid on similar terms as those given to U.S. shareholders in a US$ 2.95 billion settlement, according to lawyers representing them.
Delta Air Lines was the last company to retire the Boeing 747 to replace it with smaller and more fuel efficient aircraft
A Peruvian football official accused of taking bribes has been cleared by a jury in the United States. Manuel Burga, who led football in Peru until 2014, was accused of taking cash in exchange for distributing marketing and media rights to matches. Two other South American football officials were convicted by the same jury on Friday.
US President Donald Trump signed Republicans’ massive US$1.5 trillion tax overhaul into law, cementing the biggest legislative victory of his first year in office, and also approved a short-term spending bill that averts a possible government shutdown. Trump said he wanted to sign the tax bill before leaving Washington for his Mar-a-Lago estate in Florida, rather than stage a more formal ceremony in January, so he could keep his promise to finish work before Christmas.
Venezuela’s foreign minister blamed the United States for his country’s spiraling debt crisis, saying Washington’s “permanent attack” had left the economy crippled. Jorge Arreaza lashed out at Donald Trump, US and European sanctions, and American interference in Venezuela’s internal affairs at the Venezuelan embassy in Beijing during a three-day official visit.
Former Colombian finance minister Jose Antonio Ocampo ended his bid to become World Bank president on Friday, leaving two candidates in an unprecedented challenge to US control of the global development institution.