Stories for July 2018

Wednesday, July 18th 2018 - 07:33 UTC
Jerome Powell admits trade policy could complicate Fed's forecasts

A trade war with China, the European Union and other trading partners is casting some doubts about the U.S. economic future, Federal Reserve Chairman Jerome Powell said on Tuesday. And the longer it goes, the more potential harm it could cause, Powell told the Senate Banking Committee at a hearing about the Fed's monetary policy and the economy.
Wednesday, July 18th 2018 - 07:12 UTC
Ortega determined to quell rebellious Masaya by Thursday, Sandinista Liberation Day

Nicaraguan national police and armed pro-government civilians laid siege to a symbolically important neighborhood that has recently become a center of resistance to President Daniel Ortega's government. Government forces began advancing on the Monimbo neighborhood in the city of Masaya before dawn Tuesday.
Wednesday, July 18th 2018 - 07:03 UTC
Argentine football team coach steps down following “mutual consent” with AFA

The Argentine Football Association (AFA) quietly announced that it had parted company with coach Jorge Sampaoli by “mutual consent,” following the national team's poor campaign in Russia.“Today the Argentine Football Association and Jorge Sampaoli agreed by mutual consent to bring to an end his position as head of the national team,” AFA said in a statement.
Wednesday, July 18th 2018 - 06:50 UTC
“Transitional justice system” to help end Mexico's drugs war, anticipates president elect Lopez Obrador

Mexican President-elect Andres Manuel Lopez Obrador has given his future interior minister “carte blanche” to explore the possibility of legalizing drugs in a bid to curb violent crime, she said on Tuesday.
Wednesday, July 18th 2018 - 06:36 UTC
Japan-EU sign wide ranging free trade deal, representing 33% of global GDP

Japan and the European Union signed a wide-ranging free trade deal on Tuesday that both sides hope will act as a counterweight to the protectionist forces unleashed by US President Donald Trump.
Wednesday, July 18th 2018 - 06:13 UTC
Theresa May survives Tory pro-EU coup by six votes; Ex PMs Tony Blair and John Major call for second referendum

British Prime Minister Theresa May has narrowly survived another crunch Brexit vote in parliament, as she struggles to unify her divided party around her strategy for leaving the European Union.
Tuesday, July 17th 2018 - 21:59 UTC
Zica epidemic and recession have hit the infant mortality rate in Brazil

The infant mortality rate in Brazil, which consistently went down since 1990, started going up in 2016. It is believed that the rate for 2017 will also be higher than the 2015 rate. Both the Zika epidemic and the country's economic recession have been highlighted by the Ministry of Health as causes for the rising infant mortality rate.
Tuesday, July 17th 2018 - 15:31 UTC
Johnson & Johnson ordered to pay US$ 4.7bn in damages to 22 women

Johnson & Johnson has been ordered to pay US$ 4.7 billion in damages to 22 women who alleged that its talc products caused them to develop ovarian cancer. A jury in the US state of Missouri initially awarded US$ 550m in compensation and added US$ 4.1bn in punitive damages.
Tuesday, July 17th 2018 - 15:22 UTC
Ford agrees settlement covering faulty Takata airbags in 6 million cars

Ford Motor Co agreed to a so-called economic loss settlement of US$ 299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show.
Tuesday, July 17th 2018 - 11:26 UTC
Tierra del Fuego infighting over the Malvinas Question Observatory

Last week's meeting in Buenos Aires of the Malvinas Question Observatory from the province of Tierra del Fuego with the Malvinas Department at the Argentine foreign ministry has not been without consequences.