Stories for May 2019

Thursday, May 30th 2019 - 08:37 UTC
Australia's drought conditions to persist for at least three months, forcing wheat import

Hot, dry weather will persist across Australia's east coast for at least another three months, the country's weather bureau said on Thursday, in a forecast that threatens to severely crimp agricultural production.
Wednesday, May 29th 2019 - 10:07 UTC
Corbyn ready to back a second referendum on Brexit

Britain's Labour Party leader Jeremy Corbyn is set to back a second referendum on Brexit and it could be within days, the Mirror newspaper reported late on Tuesday citing senior figures of the party.
Wednesday, May 29th 2019 - 10:03 UTC
Brazil's iron ore industry misery, a boom for Australian big miners

Iron ore prices look set to be stronger for longer, potentially delivering windfall profits for West Australia’s big miners for the next two years. As the iron ore price hit a five-year high of US$107.50/t this week, analysts have begun scrambling to revise their estimates as they start to digest the impact of supply disruptions out of Brazil and how long the outages could linger.
Wednesday, May 29th 2019 - 09:58 UTC
Central Bank reveals that Maduro administration shrunk Venezuela's economy by the half

After several years, the Central Bank of Venezuela (BCV) published results of gross domestic product (GDP) until the third quarter of 2018, with which officially confirms the recession that is experienced in the oil country. With the data it is known then that between the third quarter of 2013 to September of last year the economy lost 52.3%. President Nicolás Maduro is on power since 2014.
Wednesday, May 29th 2019 - 09:56 UTC
Argentina: In the midst of presidential election activists re launch efforts to legalize abortion

Activists and lawmakers in Argentina relaunched a bid to legalize abortion on Tuesday with a new bill before Congress and a major demonstration planned, resuming a battle that has divided the homeland of Pope Francis ahead of October's general election.
Wednesday, May 29th 2019 - 09:50 UTC
Uruguay's diplomat and banker named EU's representative to help with the Venezuelan situation

The European Union on Tuesday named Uruguayan former banker and diplomat Enrique Iglesias as its point man to help end the crisis in Venezuela, part of an intensification of diplomatic efforts to seek new elections.
Wednesday, May 29th 2019 - 09:27 UTC
Guaidó: Oslo talks must ensure exit of Maduro and free and fair elections

Talks between Venezuela's government and opposition on ending months of the crisis were underway in Norway, sources said on Tuesday, but Washington insisted that the only item for discussion should be President Nicolas Maduro's removal.
Wednesday, May 29th 2019 - 09:23 UTC
Mrs. May urges her successor to reach a Brexit deal, but Brussels insists there won't be any renegotiation

Prime Minister Theresa May on Tuesday urged whoever succeeds her to get Britain out of the EU quickly but with a deal, as she met the bloc's leaders just days after announcing her resignation. May looked relaxed and smiled for the cameras as she arrived at a Brussels summit, the first one in many months that did not require her to wrangle with European colleagues over Brexit.
Wednesday, May 29th 2019 - 09:19 UTC
Bolsonaro begins to master negotiations with Congress with a timely victory

Brazil’s Senate on Tuesday voted to approve right-wing President Jair Bolsonaro’s decree to revamp the executive branch, averting a potential crisis that had sown doubt about his ability to obtain the congressional backing he needs to push through legislation.
Wednesday, May 29th 2019 - 09:13 UTC
Federal Judge concludes president Bolsonaro's attacker suffers from mental health

A man who stabbed Brazilian President Jair Bolsonaro during his campaign last September suffers from mental health issues, a federal judge has concluded. Judge Bruno Savino ruled on Monday that Adélio Bispo de Oliveira was not fully aware of his actions at the time and cannot be jailed over the incident.