Mexico's stock market sank on Monday and the peso slid after presidential candidate Andres Manuel Lopez Obrador handily won election while his allies picked up a significant number of congressional seats. Mexico's benchmark stock index shed more than 2%, its steepest one-day drop in nearly five months, after Lopez Obrador on Sunday won with the widest margin in a presidential election since the 1980s
The British Prime Minister, Theresa May, will visit Berlin and the Netherlands in the coming days to meet with the German Chancellor Angela Merkel and Dutch authorities before assembling her government to finally decide what commercial relationship her country wants with the European Union (EU) in the future, commented her spokesman on Monday.
The resolution to Germany's government crisis proved elusive on Sunday after the head of the Bavaria-only Christian Social Union in Angela Merkel's conservative bloc offered his resignation rather than back down from his stance against the chancellor's migration policies.
BMW and Hyundai Motor urged the U.S. not to impose tariffs on auto imports, joining General Motors Co. in pressing their case to the Commerce Department even as a top aide to President Donald Trump dismissed the concerns as “smoke and mirrors.”
President Donald Trump said over the weekend that he had received assurances from King Salman of Saudi Arabia that the kingdom will increase oil production, “maybe up to 2,000,000 barrels” in response to turmoil in Iran and Venezuela. Saudi Arabia acknowledged the call took place, but mentioned no production targets.
Canada began imposing tariffs Sunday on US$12.6 billion in U.S. goods as retaliation for the Trump administration's new taxes on steel and aluminum imported to the United States. Some U.S. products, mostly steel and iron, face 25% tariffs, the same penalty the United States slapped on imported steel at the end of May.
Andrés Manuel Lopez Obrador, who rallied voters with his battle cry against corruption and promises to the poor, won a resounding victory Sunday night in Mexico’s presidential election, after the concession of his two top rivals. The victory makes him the first left-oriented president since Mexico began its transition to democracy more than 30 years ago.
Brazil's Supreme Court (STF) Justice Edson Fachin has referred the appeal filed by the former president Lula da Silva's defense team to the full court. The ruling is expected for August, after the recess of the Brazilian judiciary.
European Union students at universities in England will continue to be treated the same as home students in the first intake after Brexit. UK Education Secretary Damian Hinds says EU students starting in autumn 2019 will pay the same tuition fees as English ones and their access to support will be unchanged.
Uruguay has passed this Saturday to the quarterfinals of the 2018 World Cup in Russia after beating Portugal 2-1.