
The extent to which UK is exposed to the ongoing energy shock, as a consequence of the Iran war, and fears or rising inflation, was exposed by the British government’s borrowing costs that have risen to their highest level since the 2008 financial crisis.
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The US-Iran conflict has propelled currencies from energy-exporting countries into the limelight, with windfall profits from exports of oil, gas and metals helping them to outperform the US dollar.
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King Charles III delivered a 28-minute address on Tuesday to a joint session of the United States Congress in which he hailed the special relationship between London and Washington as one of the most consequential alliances in human history, in a speech that avoided any direct reference to the war against Iran or the Epstein case, two issues that have strained transatlantic ties in recent weeks. The address marked the centerpiece of the monarch's state visit to Washington, held in the framework of the 250th anniversary of American independence.
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Argentina's Economy Minister Luis Caputo announced on Tuesday that the state expects to raise around $2 billion before year-end through a package of privatizations and concessions of public companies, in what constitutes one of the pillars of President Javier Milei's economic program and a central commitment to the International Monetary Fund (IMF). The remarks were made at Expo EFI, the country's main economics and finance forum, on a day when the government took concrete steps on at least two of the most significant operations on its agenda.
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Former Uruguayan President Luis Lacalle Pou (2020-2025) reignited the debate on Tuesday over the construction of a port in Uruguayan territory aimed at providing Paraguay with maritime access, during an event in the Paraguayan city of Santa Rita, in the Alto Paraná department. “I will not die without truly seeing Paraguay have a sea outlet in Uruguay. I am convinced we must move forward on this,” the political leader said at the gathering held to mark the tenth anniversary of the alliance between local company Sul América Insumos Agrícolas and Uruguayan firm Proquimir.
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The United Arab Emirates announced on Tuesday its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance, in a decision taking effect on May 1 that constitutes one of the most significant blows to the oil cartel in its more than six decades of existence. The announcement comes amid the largest energy crisis in years, triggered by the closure of the Strait of Hormuz during the war between the United States and Iran launched on February 28, and on the eve of the OPEC meeting scheduled for Wednesday in Vienna.
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King Charles III is preparing to deliver an address to a joint session of the US Congress at 3:00 p.m. local time on Tuesday, in which he will frame reconciliation and renewal as the defining themes of the bilateral relationship between London and Washington 250 years after American independence. The speech, expected to be one of the centerpieces of his state visit, comes after a heavily symbolic military welcome at the White House, where President Donald Trump extended to the monarch the highest protocol honor accorded by the United States to a visiting head of state.
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The Falklands sovereignty dispute returned to the centre of the diplomatic agenda this week with two developments of immediate impact: comments by Argentine Vice President Victoria Villarruel demanding that islanders “go back to England” if they “feel English” — despite the fact that in the 2013 referendum islanders voted by a 99.8% majority to remain British — and a disclosure published by The Telegraph that the United States had pressured the British government to tolerate the delivery to Argentina of F-16 fighter jets sourced from allied territory.
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The Mercosur Parliament (Parlasur) held a special session in Montevideo on Monday to mark the first anniversary of the death of Pope Francis, who passed away on April 21, 2025, in which lawmakers and religious representatives from the bloc's member states highlighted the late Argentine pontiff's legacy as an international mediator, advocate for the most vulnerable, and a geopolitical figure who emerged from the periphery. The tribute, titled Francis, the Pope of peace: toward a geopolitics of peace in Mercosur, took place in the Uruguayan Chamber of Representatives at the Legislative Palace.
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A new Brazilian digital platform began operating on Monday to cross-check social and environmental data and support the tracing of commodity chains linked to deforestation, land conflicts and other rural violations.
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