Britain’s regulators will convert banking and insurance rules inherited from the European Union after Brexit to make them more tailored to the British market, Bank of England Governor Mark Carney said on Wednesday. Carney said Britain had long expressed opposition to the EU’s cap on banker bonuses, the full application of banking capital rules on smaller lenders and the bloc’s insurance capital rules.
The new Angolan president fired his predecessor’s daughter as head of the national oil company Sonangol, according to news emerging from one of Africa’s largest oil producers. Isabel Des Santos, also known as Africa’s richest woman, is the billionaire daughter of former President Jose Eduardo dos Santos. He held the position for 37 years before he stepped down in September.
Up to 800 million global workers will lose their jobs by 2030 and be replaced by robotic automation, a new report from a consultancy has found. The study of 46 countries and 800 occupations by the McKinsey Global Institute found that up to one-fifth of the global work force will be affected.
A former navy captain known as the ”Angel of Death'' was sentenced on Wednesday to life in prison for human rights violations committed at a notorious clandestine detention and torture center during Argentina's 1976-1983 dictatorship.
The two-day British Overseas Territories Joint Ministerial Council meeting in London ended on Wednesday with a communiqué underlining self determination, (plus commitment to counter hostile sovereignty claims), constitutional relationship, disaster recovery, --following the sweeping damages caused by hurricanes--, tax transparency and Brexit.
Bolivia's highest court cleared the way for President Evo Morales to run for a fourth term in 2019 despite voters' rejection of such a move in a referendum last year.
British Prime Minister Theresa May insisted on Wednesday there is still no agreement on the UK's Brexit bill despite reports British officials have committed up to £50bn to the EU. British newspapers reported on Tuesday that an agreement had been reached on the divorce bill and mentioned 50bn Euros.
Britain is considering devolving certain powers to Northern Ireland to avoid the possibility of a hard border with the Republic of Ireland after Brexit, according to a report from The Times.
Under the suggestive heading, Clarin correspondent Maria Laura Avignolo writes that the Argentine tragedy of the submarine ARA San Juan has brought ever so close Argentine and British military for the first time since the Falklands conflict. And not surprisingly the support effort includes using the MPA complex in the Islands, if needed.
Twenty three newly elected Senators took the oath of office in Argentina on Wednesday morning including ex presidents Carlos Menem, Adolfo Rodriguez Saa and Cristina Fernandez. The midterm election to renew a third of the Upper house was held in October and the new legislature will formally begin 10 December.