
Western powers, Russia and China remain committed to the Iran nuclear deal - after the US announced it was withdrawing from the agreement. The UK, France and Germany say they will work with all remaining parties and urged the US not to obstruct its implementation and the other signatories to the 2015 deal - Russia and China - have also stressed their continuing support.

Argentina asked the International Monetary Fund for financing to help stem a run from the Peso to the US dollar that is sparking a surge in interest rates and threatening to derail the country's economic recovery. The sum requested is estimated between 25 and 30bn dollars, 500% Argentina's IMF quota and could be disbursed in two forms, a flexible credit line or a precautionary credit line.

The United Kingdom's International Trade Secretary, Dr Liam Fox, named a new Trade Commissioner to champion British trade with Latin America and the Caribbean, as the UK prepares for future trade agreements with countries around the world.

The dollar hovered near a four-month high on Tuesday, continuing to draw support from higher Treasury yields and upbeat prospects for the U.S. economy, leaving its major rivals such as the Euro struggling and other Latin American currencies including the Argentine peso down sharply.

Britain will remain a “very important pillar” of the United Nations after Brexit, the organization's secretary general has said. Antonio Guterres’s comments appear to contradict the fears of some opponents of Brexit that the UK’s withdrawal from the EU might throw into question its position as one of the five permanent members of the UN Security Council, alongside the US, Russia, China and France.

Russian President Vladimir Putin was sworn in to a fourth term on Monday, extending his 18-year rule amid promises of continuity in foreign policy and renewed efforts toward building prosperity at home. During his swearing in ceremony at the gilded Andreyevsky Hall of the Grand Kremlin Palace, Putin assured Russians that his rule had “revived pride” in the country.

President Sergio Mattarella on Monday suggested the formation of a 'neutral' government to rule until the end of this year after a third round of consultations failed to produce to way out of Italy's post-election political deadlock.

By Barbara Foley (*)
Some would argue that Karl Marx, author of “Capital,” has been proven wrong on just about everything he wrote. The founder of scientific socialism was born 200 years ago on May 5.

Carnival Dream has embarked on its next cruise from New Orleans as scheduled following last week’s water line break that caused extensive flooding on Deck 9, according to Carnival Cruise Line spokesperson.

Europol and the Centre for Climate Crime Analysis (CCCA) have signed a Memorandum of Understanding (MoU) aimed at reinforcing their efforts to address environmental crimes, especially those that have an impact on climate change.