International

Friday, July 8th 2016 - 04:53 UTC
A woman will succeed PM Cameron and lead UK's exit from EU

Two women Theresa May and Andrea Leadsom are battling to become the next leader of the British Conservative party and thus prime minister, the first time since the late Margaret Thatcher. After the second MPs ballot on Thursday, Home Secretary May finished with 199 votes, Energy Minister Mrs. Leadsom 84 and Michael Gove, the justice secretary, 46.
Friday, July 8th 2016 - 04:49 UTC
Four US leading banks commit continued support for London as global financial hub

Four of the biggest US banks have committed to helping maintain London's position as a global financial hub after the UK leaves the European Union. Since the referendum vote there have been concerns that banks would reduce their staff and offices in the country.
Thursday, July 7th 2016 - 07:11 UTC
Federal Reserve extremely cautious on Brexit aftermath and US job market

Federal Reserve policymakers decided in June that interest rate hikes should stay on hold until they have a handle on the consequences of Britain's vote on EU membership, according to the minutes of the Fed's June policy meeting released on Wednesday.
Thursday, July 7th 2016 - 06:43 UTC
US trade deficit soars 10% in May; imports rise and exports fall

United States trade deficit grew by 10% in May as exports fell while imports, particularly from China, rose according to the latest report from the Commerce Department. The deficit rose to US$41.1bn in May compared with US$37.4bn in April, while exports decreased by 0.2%, while imports grew by 1.6%.
Thursday, July 7th 2016 - 06:33 UTC
Germany warns EU members about a tax-cuts race to attract Brexit business

German Finance Minister Wolfgang Schaeuble has said he opposes a “race to the bottom” of competitive tax cuts. He spoke after George Osborne pledged to cut UK corporation tax in response to the Brexit vote and from Paris, in an attempt to attract UK businesses, the French government promised its taxes will be the most favorable in Europe.
Thursday, July 7th 2016 - 06:02 UTC
Iraq war: UK, pushed by US sent ill-prepared troops into battle with inadequate plans for the aftermath

The United States pushed the UK into military action in Iraq “too early”, a former British ambassador to the UN has said in the wake of the Chilcot report. The long-awaited report said ex-Prime Minister Tony Blair had overstated the threat posed by Saddam Hussein - and military action was not a last resort.
Wednesday, July 6th 2016 - 04:40 UTC
Macri pushes in Berlin for EU-Mercosur accord, but Merkel sides with France in the agriculture issue

President Mauricio Macri met on Tuesday with German Chancellor Angela Merkel in Berlin with both leaders holding a press conference to address the current state of talks regarding a trade agreement between the European Union and the Mercosur.
Wednesday, July 6th 2016 - 04:25 UTC
Mega agreement between Italy and Shanghai shipbuilders, and Carnival to develop China's cruise industry

Fincantieri and the China State Shipbuilding Corporation (CSSC), China’s largest shipbuilding conglomerate, have signed an agreement for the development of a joint venture aimed at developing and supporting the growth of the Chinese cruise industry, according to a statement.
Wednesday, July 6th 2016 - 04:16 UTC
Spain to analyze Brexit impact for employment in Gibraltar neighboring areas

The central Spanish Government and regional authorities in Andalucia are taking an increasingly-close interest on the impact that a United Kingdom withdrawal from the EU could have on communities in the Campo de Gibraltar, neighbouring with the British Overseas Territory of Gibraltar, and the region as a whole.
Wednesday, July 6th 2016 - 04:02 UTC
Temer extends a Rio Olympic Games open arms message to the world

With just a month to go to the Olympic Games, Michel Temer Brazil’s interim president, invites the world to experience the beauty of Rio de Janeiro. The following is his welcome message to the world’s athletes, officials and fans: