Stories for July 3rd 2018

Tuesday, July 3rd 2018 - 09:07 UTC
Merkel accepts radical changes to her coalition migration policy

Chancellor Angela Merkel, who staked her legacy on welcoming hundreds of thousands of migrants into Germany, agreed on Monday to build border camps for asylum seekers and to tighten the border with Austria in a political deal to save her government.
Tuesday, July 3rd 2018 - 09:01 UTC
UN peacekeeping budget is US$ 600 million less than last year's

United Nations member countries on Sunday agreed to a peacekeeping budget of just under US$ 6.7 billion, according to diplomatic sources. This is about US$ 122 million less than what had been recommended by a panel of experts.
Tuesday, July 3rd 2018 - 08:55 UTC
Australian Catholic archbishop sentenced 12 months for concealing child abuse

Catholic archbishop in Australia has been given a maximum sentence of 12 months in detention for concealing child sexual abuse in the 1970s. Philip Wilson, now archbishop of Adelaide, is the most senior Catholic globally to be convicted of the crime.
Tuesday, July 3rd 2018 - 08:49 UTC
Japan wants to change voting rules at IWC to hunt for more whale species

Australia and other anti-whaling nations are seeking a showdown with Japan as Tokyo attempts to resume commercial whaling later this year. Japanese officials have reportedly confirmed the country's attempt to alter voting rules and allow hunting of whale species with “healthy” numbers at an International Whaling Commission (IWC) meeting in Brazil in September.
Tuesday, July 3rd 2018 - 08:27 UTC
EU/US auto industry dispute intensifies and prepares for worst case scenario

European Union on Monday slammed the Trump administration for considering tariffs on auto imports, saying they could lead to global retaliation against some US$ 300 billion in U.S. goods amid signs of a brewing trade war.
Tuesday, July 3rd 2018 - 08:16 UTC
Unite, Labor's biggest single donor does not discard a referendum on the Brexit deal

The leader of Britain's biggest trade union says he will fight for another EU referendum if his members want one. Unite's Len McCluskey, a close ally of Jeremy Corbyn, said policy would be decided by a vote at the union's conference on Tuesday.
Tuesday, July 3rd 2018 - 08:08 UTC
Shrimp landings in Argentine reach 68.000 tons

Shrimp (Pleoticus muelleri) landings in Argentina accumulated during the first half of this year are somewhat lower than those for the same period last year. According to the preliminary figures, up to 21 June, released by the Argentine Under-Secretariat of Fisheries, 68,081 tons had been unloaded, compared to about 87,400 tons landed between January and June 2017, which was a record year.
Tuesday, July 3rd 2018 - 07:51 UTC
British Chamber of Commerce says firms running out of patience with Brexit talks

Firms are running out of patience over the lack of progress in the Brexit talks, a major business organization has warned Theresa May. The British Chambers of Commerce has published a list of 23 “real-world” questions that it says urgently need answers as the UK's EU exit approaches.
Tuesday, July 3rd 2018 - 07:33 UTC
Argentina hikes bank reserves; Peso gains 1.9% vs the dollar and settles at 28.3

Argentina's central bank said on Monday that it hiked bank reserve requirements by 3 percentage points, following a hike of three percentage points on June 18 as monetary policymakers seek to calm inflation and end a run on the peso currency. The Peso gained 1.9% on Monday against the dollar.
Tuesday, July 3rd 2018 - 07:26 UTC
Argentina plans to free fuel prices starting in August

Argentina will allow fuel retailers to freely set pump prices starting in August, according to an Energy Ministry official familiar with the plan, a move that could encourage badly needed investment in the nation's oil patch but risks worsening sky-high inflation and angering consumers.