The United States Federal Reserve Vice Chairman Stanley Fischer will resign next month for personal reasons, leaving a fourth vacancy on the seven-member Fed governing board. Fischer is a widely-respected economist who taught at MIT, was head of the Bank of Israel for eight years and vice chairman at Citigroup.
Shipbuilding unions have accused the UK Minister of Defense of reneging on a promise to build five new navy frigates on the Clyde. It came as Defense Secretary Sir Michael Fallon announced that five Type 31e frigates could be built and assembled across several UK shipyards.
Britain's Labour will vote against the Brexit Repeal Bill because it will allow ministers to “grab power from Parliament” to slash rights at work and cut protection for consumers and the environment. The party’s statement came as Brexit Secretary David Davis was preparing to deliver a House of Commons statement on a summer of negotiations which the European Union claims has failed to deliver “decisive” progress.
Brazil’s top prosecutor on Tuesday charged former Presidents Lula da Silva and Dilma Rousseff along with fellow Workers Party members with forming a criminal organization, the latest accusations in Brazil’s sprawling corruption scandal
Uruguay's main agricultural, industrial and commercial show, Expo/Prado 2017 opened in Montevideo on Wednesday. The annual event, which this year is international, (it rotates with Argentina's Palermo show) is an opportunity for city people to admire the best cattle, sheep, horses and hogs of the region, and for the farmers a chance to see how much technology has advanced in the last twelve months.
The United Kingdom is showcasing its expertise in marine conservation and protection at the 4th International Congress of Marine Protected Areas in La Serena, Coquimbo, Chile, which extends until next 8 September.
The Archbishop of Canterbury Justin Welby commissioned and licensed Bishop Tim Thornton as the new Bishop to HM Forces, Bishop for the Falkland Islands and Bishop at Lambeth. Bishop Tim, previously Bishop of Truro, takes up this new three-part role following the retirement of the Rt Revd Nigel Stock.
Archbishop of Canterbury, Justin Welby, says Britain's economic model is broken, as the gap between the richest and poorest parts of the UK widens. Britain stands at a watershed and must make fundamental choices about the direction of the economy, he said.
Proposals aimed at cutting the numbers of low-skilled migrants from Europe following Brexit have been disclosed in a leaked Home Office paper. The document, obtained by The Guardian, suggests free movement will end upon exit in March 2019 and the UK will adopt a more selective approach based on the UK's economic and social needs.
Brazilian President Michel Temer faces a tougher battle to quash an imminent second corruption charge because he has lost support among disgruntled members of his governing coalition in Congress, the country's lower house speaker said.