Brazil's ex-president Luiz Inacio Lula da Silva on Thursday lashed out against his imprisonment for corruption but the government rejected his claim to have been victim of a farce and a judge stripped him of presidential privileges. In a column in French newspaper Le Monde, Lula called his conviction and 12 year sentence for graft a judicial farce and said that presidential elections would be unfair without his participation.
Benchmark oil contract Brent North Sea hit its highest level since late 2014 on Thursday, breaching US$ 80 per barrel, with some market players predicting it could rise all the way to US$ 100. Higher oil prices, in turn, pushed the shares of energy firms in European stock markets higher, helping London's FTSE to set a new all-time high, and the Paris CAC to establish a fresh 2018 peak.
The EU's top court has backed an almost complete EU-wide ban on the use of three insecticides, which studies have linked to declining bee populations. Chemicals giants Bayer and Syngenta had gone to the European Court of Justice (ECJ) hoping to get the restrictions on neo-nicotinoids overturned.
The International Monetary Fund will move quickly to agree on a loan program to support Argentina but there are no details yet on what it will entail, a fund spokesman said on Thursday. However spokesperson Gerry Rice also underlined that the IMF nowadays has a greater focus on social protection, in particular towards the most vulnerable, ensuring the economy and living standards.
A cross-party group of UK parliamentarians is in Gibraltar on a two-day working visit. The visit takes place against the backdrop of the negotiations for the United Kingdom and Gibraltar to leave the European Union, which means that it will centre on Brexit issues.
The Falkland Islands Government has announced that this year's reception will be taking place on June 5th at Middle Temple Hall, The Honorable Society of the Middle Temple in London.
A Brexit bank holiday should be created to mark the June 23 referendum result, a Tory MP has said. Peter Bone told ministers that the bank holiday would become known as “independence day” – to laughs from fellow MPs.
Britain is the largest contributor to security collaboration in the EU, a former spy chief has said. Ex-MI5 director general Lord Evans of Weardale highlighted the UK’s input on information flows and expertise. He told a Lords Committee there was a “mutual benefit” from co-operation with Europe on security.
Scottish First Minister Nicola Sturgeon has said there is still time to secure an agreement on vital Brexit legislation as UK Ministers were urged to come to Scotland to hear Holyrood’s concerns. The First Minister told MSPs the Scottish Government was continuing to press the UK Government to listen to the concerns of the Scottish Parliament over the EU Withdrawal Bill.
Geopolitics has taken over the oil market, driving oil prices up to three-year highs. The inventory surplus has vanished, and more outages could push oil prices up even higher. Yet, there are some signs that demand is starting to take a hit as oil closes in on $80 per barrel.