The International Monetary Fund Managing Director Christine Lagarde, speaking at a news conference in New York alongside Argentine Economy Minister Nicolas Dujovne, said IMF was “significantly frontloading” disbursements under the program adding the Argentine central bank had agreed as part of the deal to allow the peso currency to float freely and would only intervene in the foreign exchange market in extreme circumstances.
China on Wednesday unveiled plans to cut tariffs for products including machinery, electrical equipment and textile products beginning on Nov. 1, as the country braces for an escalating trade war with the United States.
Brazil presidential election candidate Ciro Gomes left hospital in Sao Paulo on Wednesday, a day after undergoing surgery on his prostate. Currently running third in opinion polls ahead of the October 7 election first round, 60-year-old Gomes underwent a minimally invasive procedure that involved the “cauterization of blood vessels,” his center-left PDT party said in a statement.
The importance of digital technologies in tourism, providing opportunities for innovation and preparing the sector for the future of work, is at the centre of World Tourims Day 2018, to be celebrated in Budapest, Hungary this Thursday 27 September.
US President Donald Trump confirmed on Wednesday that he had refused to meet Canadian Prime Minister Justin Trudeau on the sidelines of the UN General Assembly, accusing Canada of treating the United States very badly.
Brazil’s far-right presidential candidate Jair Bolsonaro has only a six-point lead over surging Workers Party candidate Fernando Haddad, and would lose a second-round runoff against him next month, a new opinion poll showed on Wednesday. However both leading candidates lost one percentage point over last week's poll and only Ciro Gomes climbed from 11% to 12%
Growth in life expectancy in the UK has come to a halt, new figures show. A girl born between 2015 and 2017 is expected to live until 82.9 years old – no change on the previous figure for 2014-16, according to the Office for National Statistics (ONS). The figure for baby boys born in 2015-17 is also unchanged, at 79.2 years.
Daimler, the German car maker that owns Mercedes-Benz, will be run by a non-German for the first time next year. Dieter Zetsche, 65, will be replaced by Ola Kaellenius, a 49-year-old Swede, as chief executive in a succession plan announced on Wednesday.
The Scottish Secretary David Mundell started a four-day trade mission to South America, where he will be meeting politicians and business leaders in Uruguay and Chile. Mr. Mundell will be promoting trade links on the visit undertaken on behalf of the UK Government’s Board of Trade, and will be looking into how UK can support new post-EU trade opportunities in South America, promoting Scotland as a great exporter and the UK being open for business.
Mark Menzies, the UK Prime Minister’s Trade Envoy to Peru, Chile, and Colombia, is in Lima this week with a delegation of 15 representatives of British government and businesses, including Arup, MACE, Clifford Chance, Crossrail, UK Export Finance, and the City of London. He will seek to identify new areas to boost UK-Peru trade and investment.