Politics

Wednesday, August 9th 2017 - 11:40 UTC
Venezuela's constituent assembly declares itself supreme, above all government branches

Venezuela's newly established constituent assembly declared itself on Tuesday to be above all other branches of government, including the opposition-led congress. Assembly leaders Delcy Rodriguez and Diosdado Cabello said their laws and decisions trumped all others made by anyone else.
Wednesday, August 9th 2017 - 08:08 UTC
Regional countries don't recognize Venezuelan constituent assembly; permanent group to monitor events

On Tuesday, August 8, thirteen foreign ministers from the Americas met in Lima, Peru, in order to discuss Venezuela’s social and political crisis. The result was a signed declaration in which the representatives declare that Nicolás Maduro’s constituent assembly is illegal and illegitimate, as are all decisions that result from it.
Wednesday, August 9th 2017 - 07:48 UTC
UN Secretary General urges Venezuelan government and opposition to relaunch negotiations

Highly concerned that recent developments in Venezuela could lead to further escalation of tensions and hamper a peaceful solution to the crisis, United Nations Secretary General Antonio Guterres again on Tuesday urged the Government and the opposition to relaunch negotiations for the benefit of the Venezuelan people.
Wednesday, August 9th 2017 - 07:10 UTC
UK Supreme Court calls for clarity on the EU Court of Justice after Brexit

The president of the UK’s Supreme Court has called on the UK Government to provide greater clarity over the role of the European Court of Justice after Brexit. Lord Neuberger said it would be “unfair” to blame judges for making the law “when Parliament has failed to do so”.
Wednesday, August 9th 2017 - 06:45 UTC
Ten years from the 2007 financial crash, Lord Darling identifies “complacency” as the biggest danger

Regulators must remain “very very” vigilant about the risks to the economy, former chancellor Lord Darling has told the BBC - 10 years on from the start of the financial crisis. He said a rising level of consumer debt in the economy was a growing concern.
Wednesday, August 9th 2017 - 06:39 UTC
Beef and ethanol back in the EU/Mercosur agenda in October meeting

Beef will be back on the menu this October as the European Union seeks to finalise a trade deal with Mercosur. The European Commission will offer Mercosur new beef import quotas at reduced tariff rates during a formal round of trade talks in the first week of October in Brussels, EU sources confirmed.
Tuesday, August 8th 2017 - 20:08 UTC
UK big business lobby calls for a Brexit “transitional, interim or bridging” deal

Britain should consider pushing back the 2019 Brexit deadline as the simplest way to managing all the trade deals and other arrangements for leaving the European Union, business leaders urged on Friday.
Tuesday, August 8th 2017 - 20:00 UTC
Brazilian economy on course to a modest growth (2%) next year

Brazilian Central Bank President Ilan Goldfajn said that Latin America's largest economy remains weak though it is on course to show modest growth next year. In an interview with a São Paulo radio station, he said Brazil may achieve growth of 2% in 2018 if the economy continues expanding at its current pace.
Tuesday, August 8th 2017 - 17:12 UTC
Brazilian Attorney General describes president Temer as a “thug”

Brazil’s attorney general strongly criticized Congress’ lower house on Monday for voting against putting President Michel Temer on trial for bribery, adding that plea bargains being negotiated could lead to charges of racketeering and obstruction of justice.
Tuesday, August 8th 2017 - 17:05 UTC
Greenspan warns of a bubble in the bond market: low interest rates about to end

Former Federal Reserve Chairman Alan Greenspan issued a bold warning that the bond market is on the cusp of a collapse that also will threaten stock prices. The longtime central bank chief said the prolonged period of low interest rates is about to end and, with it, a bull market in fixed income that has lasted more than three decades.