The age of the electric vehicle (EV) will be here sooner than you think.
President Donald Trump on Friday said the date and location have been set for a meeting with North Korean leader Kim Jong Un, building suspense for the unprecedented talks, as South Korea said it would oppose a withdrawal of U.S. troops from the area.
Industrial output in Brazil contracted unexpectedly in March, the latest in a string of weak data suggesting a recovery in Latin America's largest economy hit a bump in the first quarter. Production fell 0.1% from February, government statistics agency IBGE announced.
Chinese gift of a statue of Karl Marx is dividing Germans, as his home town of Trier prepares to unveil it 200 years after his birth. Marx co-wrote the Communist Manifesto, which said that all human history had been based on class struggle. His work remains controversial in Europe but is presented by China as central to its way of governing.
Jeremy Corbyn is facing a Labour backlash over his party’s “unmitigated disaster” at the polls, which prompted Theresa May to taunt his failure to make an electoral breakthrough. As the dust settled Labor’s Chukka Umunna called for his party’s ruling National Executive to set up a “proper post-mortem,” warning the results could not give it confidence it would win the next General Election.
Britain’s two main parties emerged from May 3 local elections in England in a draw, with Labor making gains but failing to capture target councils from the Conservatives. Ukip (Independent party) was almost wiped out, losing all but three of its 126 seats, but the Liberal Democrats had a good night, gaining 75 seats and winning control of four more councils.
Argentina's Central Bank on Friday hiked its benchmark interest rate to 40% to support the peso, the third such hike in just over a week and one day after the currency plunged in value. Following the decision, the peso -- which has lost more than 10% of its value in the past month -- opened 6% higher against the dollar.
Argentina’s central bank raised its benchmark interest rate by 300 basis points to 33.25% percent on Thursday, but the second steep rate increase in less than a week failed to stop the country’s peso currency from swooning to a record low. The local currency tumbled 7.83% to 23 per U.S. dollar. It had hit 21.2 to the greenback on Wednesday, the first trading day due to a holiday after the bank hiked the rate to 30.25% from 27.25% on Friday.
The European Parliament voted on Thursday for the immediate suspension of the presidential elections on May 20 in Venezuela, considering that they do not guarantee any credibility for their lack of transparency and inclusion. In this way, the body and the representative of the European Union (EU) for Foreign Policy, Federica Mogherini, call for the restructuring of an electoral agenda in which there are no outlawed candidates and the necessary electoral guarantees are fulfilled.
An overall increase in production numbers and quality at Falkland Landholdings was reported by General Manager Andrew Pollard at the FLH Board meeting on March 27. Mr. Pollard in early April also attended the World Merino Conference held in Montevideo, an excellent opportunity to meet Uruguayan customers of Falklands' wool, sheep farmers from other countries and Peter Ackroyd, President of the International Wool Textile Organization, IWTO.