President Barack Obama, in one of his final presidential addresses to a predominately black audience of Capitol Hill lawmakers and guests, made a plea to his Democratic base: African-Americans must vote en masse in November's presidential contest to help his legacy or he will be personally insulted.
An Argentine average household made up of a couple with two children 6 and 8 years old needs 12.489 Pesos (approx US$ 820) to remain above the poverty line according to the stats office, Indec estimate for the month of August. The same household will have to pay 5.176 Pesos (approx US$ 340) for the Basic food basket, not to drop to indigence.
Argentina’s recession deepened in the second quarter as President Mauricio Macri’s efforts to implement free-market reform exacerbated an already flagging economy. GDP fell 3.4% from the same period a year earlier, the largest year-on-year contraction in almost two years, the refurbished statistics agency said in a report published on Thursday.
President Michel Temer criticized a surprise move by Brazilian lawmakers, including some members of his party and even a cabinet minister, to wipe the slate clean on illegal donations they allegedly received.
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.