By Gwynne Dyer - After months in which opinion polls showed a six to ten percentage points lead for the 'Remain' side in the referendum campaign on continued British membership of the European Union (EU), the numbers have suddenly shifted in favor of 'Leave'.
UK Chancellor of the Exchequer George Osborne says he will have to slash public spending and increase taxes in an emergency Budget to tackle a £30bn black hole if the UK votes to leave the European Union. The chancellor will say this could include raising income and inheritance taxes and cutting the NHS budget.
United States Secretary of State John Kerry announced high-level talks to ease tensions with Venezuela's populist government on Tuesday, just hours after he backed calls for a referendum that could force President Nicolas Maduro from office. Kerry said the talks would start immediately in Caracas and be led by Thomas Shannon, a veteran of U.S. diplomacy in the region. Attempts last year at dialogue between the ideological foes were stalled by Venezuela's deepening crisis.
There is no animosity, said Argentine Foreign Minister Susana Malcorra after meeting with Pope Francis in Rome on the sidelines of an event sponsored by the United Nations, just days after the pontiff publicly rejected a multi-million-peso “donation” from the administration of President Mauricio Macri destined for the pope’s Scholas Occurrentes program.
The European Central Bank bought 348 million Euros of corporate bonds in the first three days of such purchases last week, it said on Monday, as part of its 1.74 trillion Euro scheme to revive growth and inflation. The figures are at the upper end of analyst predictions, indicating a strong start for the program and suggesting that the ECB was keen to show it can buy significant volumes.
UK exit from the European Union would be “a disaster” that would risk creating “an economic and social rift” between Gibraltar and the neighbouring region in Spain, the Cross-Frontier Group said in a report published by the Gibraltar Chronicle. The group’s president, Ángel Serrano, warned that Brexit posed a serious risk to employment and investment on both sides of the border.
The use of antibiotics in the Chilean salmon industry reached 557 tons in 2015, according to the latest report of the National Fisheries and Aquaculture Service (SERNAPESCA), a figure consolidating the tendency to their intensive use over the past five years.
Foreign Minister Susana Malcorra called on the United Kingdom to engage in “open dialogue” on the Falklands/Malvinas islands sovereignty dispute in an open letter sent to the UK government, which President Mauricio Macri’s administration hopes can further improve relations between the former foes.
The British pound dropped to a two-month low and the yen rallied Monday as jittery investors shifted into safer assets on worries about Britain's possible exit from the European Union. The flight to lower-yielding investments came as Asian stock markets plunged, with dealers awaiting meetings this week of the US and Japanese central banks.
Swiss wealth managers said Friday they would expect an influx of funds from skittish international investors if British voters choose to leave the European Union in a June 23 referendum. Participants in a seminar organized by the Swiss Private Bankers Association (SPBA) in Geneva voiced concern about what the implications would be if a Brexit is voted through in a referendum on June 23.