Politics

Thursday, September 5th 2019 - 09:35 UTC
Chile's central bank slashes benchmark interest rate to 2% to prop economy

Chile’s central bank slashed the benchmark interest rate by 50 basis points to 2% on Tuesday, the lowest in 9 years, citing a sputtering economy hurt by global trade tensions.
Thursday, September 5th 2019 - 09:34 UTC
Ex First Lady of Honduras sentenced to 58 years in jail on charges of fraud

The former first lady of Honduras Rosa Elena Bonilla, wife of ex-president Porfirio Lobo, was sentenced on Wednesday to 58 years in jail on charges of fraud and undue appropriation of funds, a spokesman for the nation's highest court said.
Thursday, September 5th 2019 - 09:20 UTC
Lopez Obrador prepared to go after his (corrupt) predecessors and their administrations

Mexican President Andres Manuel Lopez Obrador said the public should have the right to choose whether ex-presidents should face trial once a bill has passed Congress making it easier to hold referendums.
Thursday, September 5th 2019 - 08:56 UTC
Britain's Conservative parties imploding as decades of infighting are coming to an end

Britain's ruling Conservative Party is imploding this week as a result of a no-holds-barred battle over Brexit that has seen the expulsion of 21 moderate MPs, including Winston Churchill's grandson, experts said.
Wednesday, September 4th 2019 - 09:58 UTC
Signs of budding of financial stability in Argentina: Peso stronger and country risk falls

Argentina's peso surged on Tuesday, pumped up by Wall Street traders cheering President Mauricio Macri's capital controls that are aimed at protecting the beleaguered currency. The peso closed 5.39% higher at 55.98 per U.S. dollar, traders said, its strongest level in a week after a near-record low close on Friday.
Wednesday, September 4th 2019 - 09:49 UTC
Venezuelan military exercises along the Colombian border

Venezuelan President Nicolas Maduro on Tuesday ordered the armed forces to be on alert for a potential attack by Colombia's government and announced military exercises on the border amid the rearmament of a group of former guerrilla commanders.
Wednesday, September 4th 2019 - 09:45 UTC
Johnson will expel 21 Tory MPs who voted with the opposition

All 21 lawmakers from the ruling Conservative Party who voted against the government to back a motion to seize control of parliamentary time to try to block a no-deal Brexit will be expelled from the party, a spokesman said.
Wednesday, September 4th 2019 - 09:17 UTC
Restructuring Ford's Sao Paulo truck plant means sacking 1.300 workers and lowering salaries of the remaining

Brazilian automaker CAOA reached an initial agreement to buy Ford Motor Co's plant in Sao Bernardo do Campo, the companies said on Tuesday, but CAOA could slash 1,300 jobs, according to the union representing the plant's workers.
Wednesday, September 4th 2019 - 09:10 UTC
Bio-fuel controversy: Trump caught between farmers and the oil industry

The American Petroleum Institute on Tuesday urged the Trump administration to reject proposals floated by U.S. farmers and ethanol producers to boost ethanol demand, the latest development in the clash over bio-fuel policy.
Wednesday, September 4th 2019 - 08:56 UTC
PM Johnson defeated; parliament now has to decide what's more urgent a vote on Brexit or a snap election

Prime Minister Boris Johnson raised the prospect of a snap election on Tuesday after he suffered a major parliamentary defeat over his Brexit strategy that could delay Britain's exit from the European Union.