
Former British prime minister Tony Blair made a dramatic intervention into the debate over the future leadership of the Labor Party this week, warning Labour voters that the party faces “annihilation” if it chooses Jeremy Corbyn as leader.

The UK is to make a formal protest to the government of Ecuador over the country's decision to harbor Julian Assange, the Foreign Office has said. The Wikileaks co-founder sought asylum at London's Ecuadorean embassy in 2012 to avoid extradition to Sweden.

The Economist Group announced on 12 August 2015 that it will buy back 5.04m ordinary shares (20% of total share capital) from Pearson plc for £182m. Pearson’s remaining shares in the Group will be acquired by Exor for £287m, including all of its 1.26m B shares and 6.3m ordinary shares (30% of total share capital).<br />
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President Dilma Rousseff got an extra 15 days on Wednesday to respond to allegations that she doctored public accounts last year, delaying a decision by a court that could pave the way for the populist leader's impeachment.

Over 20.000 people are estimated to have been evacuated or suffering flooding because of continued rains in Buenos Aires province where a wind alert for the River Plate area and coastal zones is hampering draining possibilities, a situation which started last week and is expected to last until Sunday.

Maria Delfina Rossi, the daughter of Argentina's Defense Minister Agustin Rossi, has been appointed to head the Banco Nacion following a resolution signed by President Cristina Fernandez.

New York district judge Thomas Griesa has said he will consider all Argentine government assets in the United States, except for diplomatic and military ones, as commercial assets which hedge fund NML Capital could try to seize.

President Dilma Rousseff and leading Brazilian senators are preparing a joint set of major reforms that seek to introduce an agenda of market-friendly proposals, in a move one senior official says is an effort to counter a revolt by lawmakers in the Lower House.

Technical teams from Mercosur country members are scheduled to meet next Tuesday in Paraguay to iron out the final proposal to be presented by the group to the European Union for the long delayed trade and cooperation agreement. The meeting in Asunción will be headed by Rigoberto Gauto, who is currently the Mercosur coordinator since Paraguay holds this half year the rotating chair.

Venezuela’s vice-president Jorge Arreaza recently heard directly from CARICOM chairman, Barbados’ Prime Minister Freundel Stuart, that the regional grouping is backing Guyana in the territorial dispute between the two South American neighbors. Stuart met last Friday with Arreaza who was visiting the island as part of a regional tour to discuss Venezuela’s territorial and maritime claims in the region.