Honorary FIFA vice president Chung Mong-Joon says he will clean the sport of football if elected president of FIFA. Chung blames the previous president Sepp Blatter for the recent corruption scandals which have cast shadows over the sport and its organizing body.
Toyota and John Deere have said they will halt work at plants near China's port of Tianjin where huge explosions last week killed more than 100 people. Toyota's production lines will be closed until the end of Wednesday while John Deere suspended work indefinitely.
A Brazilian judge sentenced Nestor Cervero, former international chief of state-run oil firm Petrobras, to just over 12 years in prison on Monday for corruption and money laundering related to a bribe allegedly paid to the speaker of Brazil's lower house of Congress.
The Brazilian Central Bank weekly Focus Bulletin released on Monday indicates, for the first time, according to the prevailing opinion among financial institutions that the current recession of the country's economy will extend well into 2016. According to Focus the market forecasts a retraction of the Brazil's GDP of 0.15% in 2016.
Republican presidential candidate Donald Trump backed the commitment of ground troops if necessary to cripple the Islamic State and complained the US has always come out in support of Saudi Arabia, and while they make 'a billion a day', they are also the world's biggest funder of terrorism.
South Georgia is looking ahead to a new record year in the coming 2015/16 cruise ship season, according to the latest edition of the South Georgia Newsletter.
Uruguay's largest fish processing company Fripur, generating half of the exports in the country's sector, will lay off 960 workers and suspend its activity from Aug. 19, after falling into administration, it was reported in Montevideo.