President Mauricio Macri anticipated on Tuesday that investments in Argentina would multiply after what he predicted will be a triumph for his Let's Change Coalition in October's mid-term elections. While Macri said his allies would win “by a lot” nationwide, he admitted polls showed a tight race between his party's candidate and ex president Cristina Fernandez for a Senate seat in Buenos Aires province.
Britain is “a bit gloomy” about Brexit and can achieve success outside the European Union, Australia’s high commissioner to the UK has said. Alexander Downer said the UK could be “cautiously optimistic” about achieving a new free trade deal with the EU, and could forge a new and successful economic policy if it pursued the right path domestically.
The possibility of releasing new powers to Holyrood after Brexit will be discussed in talks between the UK and Scottish ministers scheduled for this Wednesday. First Secretary of State Damian Green will meet Deputy First Minister John Swinney and Scotland's Brexit Minister Michael Russell in Edinburgh.
Venezuela's newly established constituent assembly declared itself on Tuesday to be above all other branches of government, including the opposition-led congress. Assembly leaders Delcy Rodriguez and Diosdado Cabello said their laws and decisions trumped all others made by anyone else.
On Tuesday, August 8, thirteen foreign ministers from the Americas met in Lima, Peru, in order to discuss Venezuela’s social and political crisis. The result was a signed declaration in which the representatives declare that Nicolás Maduro’s constituent assembly is illegal and illegitimate, as are all decisions that result from it.
Highly concerned that recent developments in Venezuela could lead to further escalation of tensions and hamper a peaceful solution to the crisis, United Nations Secretary General Antonio Guterres again on Tuesday urged the Government and the opposition to relaunch negotiations for the benefit of the Venezuelan people.
The president of the UK’s Supreme Court has called on the UK Government to provide greater clarity over the role of the European Court of Justice after Brexit. Lord Neuberger said it would be “unfair” to blame judges for making the law “when Parliament has failed to do so”.
Regulators must remain very very vigilant about the risks to the economy, former chancellor Lord Darling has told the BBC - 10 years on from the start of the financial crisis. He said a rising level of consumer debt in the economy was a growing concern.
Beef will be back on the menu this October as the European Union seeks to finalise a trade deal with Mercosur. The European Commission will offer Mercosur new beef import quotas at reduced tariff rates during a formal round of trade talks in the first week of October in Brussels, EU sources confirmed.
Britain should consider pushing back the 2019 Brexit deadline as the simplest way to managing all the trade deals and other arrangements for leaving the European Union, business leaders urged on Friday.