
New Prime Minister Theresa May has made Boris Johnson, the former London mayor who led the Brexit campaign, foreign secretary in her new government. He replaces Philip Hammond, who becomes chancellor and ex-Energy Secretary Amber Rudd is home secretary and Euro skeptic David Davis is the Brexit secretary. Ex-chancellor George Osborne was not included apparently because his “brand” was seen as “too tarnished”.

Argentines held 232.5 billion dollars overseas in 2015, almost 10bn dollars over the previous year, according to the latest report from the country's official Indec stats office. The report, International Investment position is a financial balance account of Argentina with the rest of the world and records the market value of Argentine residents external assets and liabilities.

Mercosur members are requesting from Venezuela concrete gestures in favor of democracy and human rights if they are to consider the transfer of the group's pro tempore chair from Uruguay to Caracas, pointed out Paraguayan foreign minister Eladio Loizaga a day after the group was unable to reach a consensus on the issue that has become particularly controversial when not frustrating.

A team from Gibraltar is making the round of British government offices, parliament, friends and supporters to ensure the Rock has a full input into the process triggered by Brexit. Chief Minister Fabian Picardo and the Deputy Chief Minister Dr Joseph Garcia have met with Conservative and Labour lawmakers and this week visited Downing Street to talk with the UK Government team mapping out the way forward following the result of the Referendum of 23rd June.

China has firmly rejected an international tribunal ruling that its claims to rights in the South China Sea have no legal basis. President Xi Jinping said China's “territorial sovereignty and marine rights” in the seas would not be affected by the ruling “in any way”, however he added that Beijing was still “committed to resolving disputes” with its neighbors.

By New York Times Editorial Board
This summer, Venezuela was poised to assume the rotating presidency of Mercosur, a trade bloc that includes Brazil, Argentina, Paraguay and Uruguay. But at the urging of Paraguay, Mercosur heads of state are considering blocking Venezuela, at least temporarily, citing the erosion of democracy there.

Home Secretary Theresa May promised to build a better Britain and to make the UK's EU exit a success after she was announced as the new Tory leader and soon-to-be PM. Speaking outside Parliament, Mrs. May said she was honored and humbled to succeed David Cameron, after her only rival in the race withdrew on Monday.

Mercosur four founding members meeting in Montevideo have been unable to reach a consensus on whether to transfer, for the next six months, the group's pro tempore presidency to Venezuela and decided on a new round of talks next Thursday. Uruguay insists in complying with the charter and calendar, but Paraguay and Brazil question the current government of Venezuela's credentials for the job, and Argentina has an ambiguous position.

Malvinas veterans received a huge ovation and applause when they marched in Buenos Aires closing the main parade that concluded two days of festivities and speeches across Argentina to celebrate the bicentennial of the country's declaration of independence on 9 July 1816.

The United Kingdom has returned to the Falkland Islands one of the two Boeing Chinook heavy-lift helicopters that were withdrawn in 2006 for operational service in Afghanistan, the Ministry of Defense (MoD) told IHS Jane's on 4 July.