
European Central Bank (ECB) President Christine Lagarde will leave her post on February 7, 2027, almost nine months before her term is due to end in late October that year, the Frankfurt-based institution announced on Thursday.
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The UK Government will aim to spend 3% of economic output on defense by 2030, and will plot a course for the target at next year's spending review, Chancellor of the Exchequer John Healey has said. Work is underway to reach the target – and Britain's promise to NATO to spend 3.5% of GDP on defense by 2035 – in a “fiscally sustainable way”, the Chancellor said, indicating that raising defense spending further could in part come from making cuts elsewhere.
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Brazil is expected to return to eighth place in the global GDP ranking for 2027, overtaking Russia and Italy, according to the International Monetary Fund (IMF) and its World Economic Outlook report, released this month.
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Brazilian Senator Flávio Bolsonaro’s transit through Argentina, after he left Brazil despite a court ban and flew to Miami from Puerto Iguazú following his election defeat, has opened a new front in the strained relationship between the governments of Javier Milei and Luiz Inácio Lula da Silva, while the Casa Rosada maintains its refusal to congratulate the Brazilian president on his re-election.
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Brazilian Senator Flávio Bolsonaro, who arrived in Miami on Wednesday after leaving Brazil despite a court ban, released a letter in which he presented himself as “the true president-elect of Brazil”, alleged “electoral fraud” without evidence and thanked Argentine President Javier Milei for his “courage”. About 30 minutes later the text was changed and Bolsonaro described himself instead as Brazil’s “leader”.
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King Charles III arrived in the Bahamas on Tuesday to begin a nine-day tour of the Caribbean, his first since acceding to the throne in 2022, which will also take him to Guyana and Antigua and Barbuda, where he will attend the Commonwealth Heads of Government Meeting. The trip is overshadowed by calls for an official apology and reparations for Britain’s role in the transatlantic slave trade.
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The Falkland Islands Executive Council has approved a set of Regulations 2026 to amend the Maritime (Oil Pollution Preparedness, Response and Co-operation Convention) Regulations 2019 (“the OPRC Regulations”) to make provision for the preparation and maintenance of oil pollution emergency plans in relation to offshore installations and to require the persons responsible for offshore installations to report oil incidents where oil is discharged into the sea.
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Argentina’s government confirmed that Brazilian Senator Flávio Bolsonaro, defeated in Sunday’s presidential runoff and barred by a court from leaving Brazil, entered Argentina at Puerto Iguazú with his family before flying to the United States on a private plane. Bolsonaro landed on Wednesday morning at Opa-locka Executive Airport in Miami.
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At least 68 people were killed on Wednesday when a Renfe AVE high-speed train ran into the back of an Iryo train that was stopped on the Madrid-Seville line near Urda station, in the province of Toledo, according to the president of the Castilla-La Mancha region, Emiliano García-Page. Another 58 people were hospitalised, 15 of them in very serious condition, and authorities fear the death toll will rise.
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Adderstone Construction (Falkland Islands) Limited, part of the Newcastle-headquartered property and construction group, has been awarded a further contract by the Falkland Islands Government, shortly after completing the redevelopment of the FIGAS aircraft hangar in Port Stanley.
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