Brussels and Downing Street have played down speculation about a breakthrough in Brexit talks. Reports that a Brexit deal could safeguard the City’s access to European Union markets led to an increase in the value of sterling.
Bank of England governor Mark Carney has warned interest rates could rise in the event of a no-deal Brexit if a cliff-edge withdrawal sends the pound into free fall. Mr. Carney said there are scenarios where policy “might need to be tightened in the event of a no deal, no transition Brexit”, should a plunge in the value of the pound cause inflation to surge and impact UK production.
Two former Goldman Sachs investment bankers were charged on Thursday with helping to raise money for a Malaysian investment fund that has lost US$ 4 billion, according to United States federal prosecutors. Tim Leissner, 48, and Roger Ng, 51, were charged in a three-count criminal indictment in Brooklyn federal court on Thursday.
U.S. President Donald Trump and Chinese President Xi Jinping both expressed optimism on Thursday about resolving their bitter trade disputes ahead of a high-stakes meeting planned for the two leaders at the end of November in Argentina.
Brazilian far-right President-elect Jair Bolsonaro has convinced crusading anti-graft Judge Sergio Moro to become his justice minister, the two said on Thursday, delighting supporters and enraging critics “by hiring the jurist who jailed Bolsonaro's chief political rival”.
Like much of the world’s population, the three US congressional staffers visiting the Falkland Islands this week admit that their preconceptions of the Falklands had been largely shaped by the conflict. Nevertheless they have a strong message to take back to their respective offices at the US Congress, the clear right to self determination of the Falklands.