Staple food prices rose in August even as grain prices fell and the outlook for global cereal production improved. The FAO Food Price Index averaged 165.6 points in August, up 1.9% from July and almost 7% from a year earlier. The monthly jump was mostly driven by cheese and palm oil quotations, while those for wheat, maize and rice all fell.
Risks of a Chinese banking crisis are mounting, according to a warning indicator from the banking industry's global watchdog. A key gauge of stress in the banking sector is now more than three times above the danger level, the Bank for International Settlements (BIS) said in its latest quarterly review.
Britain faces the prospect of compensation claims over a disastrous overseas aid project to build an airport on the remote island of St Helena, according to reports in the UK media. The £285million flop became a symbol of Britain’s aid waste this year after experts warned it might never open because of severe problems with wind conditions on the British Overseas Territory in the South Atlantic Ocean.
Violence flared in the southern US city of Charlotte, North Carolina, in a second night of unrest ignited by the fatal police shooting of a black man. Charlotte officials appealed for calm on Thursday, hours after violent riots stemming from a controversial police shooting of a black man injured several police officers and civilians and resulted in 44 arrests.
Former President Dilma Rousseff called the prosecution of her predecessor on corruption charges another attack on Brazil's democracy, speaking just weeks after the Senate removed her from office in an impeachment trial.
Brazilian police on Thursday arrested Guido Mantega, a former finance minister under presidents Lula da Silva and Dilma Rousseff, as part of the investigation into the vast Petrobras corruption scheme, media reported.However Brazilian Judge Sergio Moro later in the day revoked the temporary detention order citing Mantega's cooperation with a search of his home and his wife's surgery in a Sao Paulo hospital.
Aerolineas Argentinas CEO revealed that the flag-carrier is increasing passenger numbers and could become profitable in four years but losses keep piling, an estimated one billion dollars this year, which comes upon a one to two million dollars daily losses during most of the decade.
Oxford University has come top of The Times Higher Education world university rankings - a first for a UK university. Oxford knocks California Institute of Technology, the top performer for the past five years, into second place. But there are warnings the vote to leave the European Union could destabilize UK higher education and hinder work with academics abroad.
The Latin-American Jewish Congress expressed its most enthusiast support to Argentine president Mauricio Macri and his administration but also pointed out that in his Tuesday speech before the UN General Assembly there was no specific request for Iran to collaborate with the investigation of the 1994 terrorist attack against AMIA in Buenos Aires.
Argentine president Mauricio Macri on Wednesday downplayed the chat with PM Theresa May on Tuesday at the UN banquet in New York saying it was “no formal or official meeting”, but nevertheless underlined the “good predisposition” for dialogue which Argentina had lost during the last twelve years and anticipated that the Falklands/Malvinas Islands question “will demand many years”.