Politics

Friday, August 31st 2018 - 09:08 UTC
Brazil: Alckmin unveils campaign ad targeting far right adversary Jair Bolsonaro

Brazil’s business-friendly presidential candidate Geraldo Alckmin unveiled a campaign ad against gun violence on Thursday that targeted his far-right pro-gun adversary Jair Bolsonaro.
Friday, August 31st 2018 - 09:04 UTC
Chile reduces air boarding taxes by 20%, effective September first

Chilean Minister of Finance Jose Ramon Valente, via its official Twitter account, announced a “20% reduction in the boarding taxes, which will reduce air fares” in the country, both for international and domestic flights. He added “traveling overseas no longer is a privilege for the well off”.
Friday, August 31st 2018 - 09:01 UTC
Unemployment in Brazil falls slightly in July to 12.3%

Brazil's unemployment rate dipped slightly in July, as expected, extending a slow and bumpy labor market recovery as pivotal presidential elections loom.
Friday, August 31st 2018 - 08:59 UTC
Brazilian Supreme Court confirms constitutionality of outsourcing

Brazil’s Supreme Court voted 7-4 on Thursday to allow companies to outsource all types of jobs, a ruling that confirms the constitutionality of labor rules set last year under a law that was fiercely opposed by unions.
Friday, August 31st 2018 - 08:46 UTC
Decisive Brexit meeting in Brussels ahead of the October EU summit

Brexit Secretary Dominic Raab is preparing for six hours of talks with the EU's chief negotiator. He will meet Michel Barnier in Brussels on Friday for the extended session ahead of an EU summit on 17 October. Both sides are hoping to agree a divorce deal and a statement on future trading relations before the summit.
Friday, August 31st 2018 - 08:41 UTC
Trump threatens to withdraw the US from the World Trade Organization

President Donald Trump has threatened to withdraw the US from the World Trade Organization (WTO) if the body fails to change the way it treats America. “If they don't shape up, I would withdraw from the WTO,” Mr. Trump said in an interview with Bloomberg News.
Friday, August 31st 2018 - 08:34 UTC
India announces its first manned space mission to cost US$1.4bn

India announced it expected to spend less than 100 billion rupees (US$1.43 billion) on its first manned space mission to be launched by 2022, suggesting it is likely to be cheaper than similar projects by the United States and China.
Friday, August 31st 2018 - 08:22 UTC
BP, Shell, Total to bid in Brazil's pre-salt auction

Brazil’s oil regulator ANP has approved the applications of six companies—including Big Oil’s BP, Shell, and Total—to bid in next month’s oil auction of four blocks in the coveted pre-salt layer, ANP announced on Wednesday.
Friday, August 31st 2018 - 07:43 UTC
Argentine peso plummets and central bank raises interest rate to 60%

The Argentine Peso plummeted 15.6% to a new record on Thursday, and ended trading at 39.87 after having reached almost 42 Pesos to the US dollar in mid afternoon. This follows on the Wednesday which also witnessed the Argentine currency slide 7% to the greenback.
Thursday, August 30th 2018 - 09:11 UTC
Macri addresses the nation; IMF pledges more support but Peso falls 7%, a record 34 to the US dollar

Argentina's Peso suffered its biggest one-day slide in almost three years on Wednesday after the central bank sold reserves for a second straight day and the president asked the International Monetary Fund for early release of standby funds.