
Uruguay on Friday deposited at the headquarters of the Organization of American States (OAS) in Washington DC, the instrument of ratification of the Inter-American Convention against all Forms of Discrimination and Intolerance, becoming the first state to ratify it. Uruguay is also the only one that has ratified all the binding legal instruments of the inter-American system.

A Confucius Institute recently opened in Uruguay's capital Montevideo, fulfilling a dream for promoters of Chinese culture and locals keen to learn more about China. The institute, a worldwide network that offers a window to Chinese culture through Mandarin (standard Chinese) language classes and other types of courses, opened in April, thanks to an agreement between Uruguay's University of the Republic (Udelar) and Qingdao University in eastern China's Shandong Province.

The Bank of England has backed off from raising interest rates as it slashed 2018 growth forecasts, but said the economy would bounce back from a weather-hit “soft patch”. Policymakers kept the prospect of rate hikes firmly on the cards, although it sparked confusion over when the next increase may come.

Peers should not undermine the will of those who voted Brexit, a senior minister has said after the UK Government suffered 14 defeats over key legislation. Commons Leader Andrea Leadsom said the Lords has made significant improvements to the European Union (Withdrawal) Bill, which transfers EU law into UK law, linked to devolution.

International Monetary Fund chief Christine Lagarde said on Thursday she is ready to aid Argentina and wants talks on a financing package to be finalized quickly. Lagarde said she instructed the IMF team to continue discussions on a loan program with the goal to “reach a rapid conclusion.”

The International Association of Antarctica Tour Operators (IAATO) has concluded its 27th annual meeting in Newport, Rhode Island, USA having agreed to strengthen its mission of promoting the practice of safe, environmentally responsible travel to the Antarctic.

Swedish Prime Minister Stefan Lofven has been summoned to testify next month as a witness in a Brazilian corruption case involving the purchase of fighter jets by Brazil, the Stockholm District Court said on Wednesday. Lofven will be asked in a Swedish court about his contacts with Brazil’s former presidents Dilma Rousseff and Lula da Silva regarding the country’s purchase of Saab Gripen fighters in a deal struck five years ago.

United Kingdom ministers are unilaterally considering stopping EU access to the Galileo satellite earth station in the Falklands and Ascension, according to reports in the UK press. The move comes after Brussels chief Brexit negotiator, Michael Barnier, stated that UK companies would have to be excluded from the development of sensitive Galileo infrastructure following Brexit due to security concerns.

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.