The S&P 500 suffered its biggest daily percentage drop in nearly four years and the Dow confirmed it had entered into correction territory as fears of a China-led global slowdown rattled investors around the world.
Artful, the third of the U.K. Royal Navy’s new Astute Class attack submarines, has arrived at her Scottish base port from where she will carry out sea trials before entering service later this year, the U.K. Ministry of Defense announced.
German Chancellor Angela Merkel pressed Brazil's government on Thursday to further open its markets to foreign companies, and said she saw an opportunity to reach a free-trade deal between the European Union and the Mercosur trade bloc. Merkel is on a two-day visit to Brazil with a large delegation of government officials and representatives from German companies.
Asian stocks saw sharp falls on Friday as mounting concerns over China's slowing economy continued to affect global markets. It follows big falls in US and European markets on Thursday, with the Dow Jones dropping more than 2%.
Spain’s Foreign Minister, José Manuel García-Margallo, came under flak from the opposition PSOE for his ‘frivolous and inappropriate’ comments about Gibraltar, which were dubbed ‘Francoist’ by one Socialist politician, reports the Gibraltar Chronicle.
Despite the controversy generated by Wednesday picture which showed Pope Francis holding a banner calling for dialogue between the United Kingdom and Argentina over the Falkland/Malvinas Islands, and later a spokesperson's dismissal of the significance of the incidence, the best definition of what really happened seems to have come from Argentina's cabinet chief Anibal Fernandez in his daily media conference, the pontiff, he said, spoke with his low tone but strong voice.
Pope Francis was sucked into Argentina's dispute with Britain over the Falkland Islands after an activist thrust a sign in his hands calling for dialogue between the two countries and President Cristina Fernandez jumped on the opportunity to rekindle the fight.
Chancellor Angela Merkel, Foreign Minister Frank-Walter Steinmeier and several other high-ranking German politicians touched down in Brazil's capital, Brasilia late Wednesday. The German delegation set off on its 12-hour flight immediately after a Bundestag vote approving a new bailout package for Greece.
After days of volatility Chinese equities traded lower once again on Thursday, despite Beijing's efforts to calm markets. The mainland's benchmark Shanghai Composite was 1.3% down to 3,751.48 points.
Funds for decommissioning fishing vessels during 2015 have increased by 12.9 million Euros to 23.2m Euros, according to what was reported by the Xunta of Galicia (north-west Spain) Ministry of Rural and Marine Affairs.