International

• Tuesday, October 25th 2022 - 09:10 UTC

  UK faces an era which could be more difficult than 2008, Lord King, ex BoE governor

  

  Lord Mervyn King, governor of the Bank of England from 2003 to 2013 said the United Kingdom faces an era of much austerity to stabilize the economy, with the average person having to face “significantly higher taxes” to fund public spending.

• Monday, October 24th 2022 - 19:14 UTC

  Josep Borrell meets with Uruguayan President in Montevideo

  

  Uruguayan President Luis Lacalle Pou, who holds the pro-tempore presidency of Mercosur, Monday welcomed European Union (EU) High Representative Josep Borrell in Montevideo to discuss the future of the agreement between the two trade blocs.

• Monday, October 24th 2022 - 14:22 UTC

  Rishi Sunak to be Prime Minister of the United Kingdom

  

  Rishi Sunak, the grandson of Indian immigrants, was nominated Monday by the British Conservative Party to replace Liz Truss as its leader and next prime minister, as his rival, Leader of the House of Commons Penny Mordaunt, failed to win enough support to run.

• Monday, October 24th 2022 - 09:55 UTC

  Boris Johnson steps down from PM job race, might run in 2024

  

  Former British Prime Minister Boris Johnson has stepped down from the Conservative Party race to succeed Liz Truss citing the lack of unity among his own ranks.

• Monday, October 24th 2022 - 09:36 UTC

  Ex Chinese president forcibly removed from communist congress, “he was not feeling well”

  

  Former president Hu Jintao was forcibly removed by ushers at the 20th Communist Party congress, allegedly because the 79-year-old was “not feeling well,” Chinese state media said late Saturday. Hu Jintao, the predecessor of President Xi Jinping was unexpectedly escorted from the stage of the closing ceremony of the ruling Communist Party congress.

• Saturday, October 22nd 2022 - 10:20 UTC

  Gloomy picture of UK economy: Sterling KO, retail sales down and government borrowing increasing

  

  Pound sterling trading ended on Friday at US$ 1.12, after rallying on Thursday following the announcement of Prime Minister Liz Truss Thursday resignation. However new figures showed a gloomy picture of the UK economy.

• Saturday, October 22nd 2022 - 10:18 UTC

  Ukraine corn expected to help cope with EU's lowest maize crop in 15 years

  

  As drought and lack of humidity ravages French corn fields, an abundant production and sales from Ukraine is helping to overcome shortages and market distortions, according to the French consultancy Strategie Grains.

• Saturday, October 22nd 2022 - 10:00 UTC

  Japanese rating agency ups Uruguay's grading

  

  Japanese risk rating agency R&I raised Uruguay's status from BBB to BBB+, the best grading the South American country has ever received, it was announced Friday.

• Friday, October 21st 2022 - 20:55 UTC

  Cristina Fernández meets with UE ambassadors in Buenos Aires

  

  Argentine Vice President Cristina Fernández de Kirchner (CFK) Thursday had lunch with ambassadors to Buenos Aires from the European Union and its member countries to strengthen bilateral ties and “common values.”

• Friday, October 21st 2022 - 10:55 UTC

  Five candidates to replace PM Liz Truss, “fighter turned a quitter”; chaos among Conservatives

  

  Liz Truss announced on Thursday she will resign, which means there will now be another leadership election to decide who becomes the next Conservative leader and prime minister. The contest to replace “the lettuce” as some London media identifies Ms Truss sis expected to be completed by the end of next week.