The United Nations General Assembly voted overwhelmingly on Tuesday in favor of a legal framework that would help regulate restructuring of foreign sovereign debt, a project that was suggested by the Argentine government and presented before the assembly by the Group of 77 plus China.
The World Bank Group’s (WBG) Executive Directors discussed a new Country Partnership Strategy (CPS) for Argentina covering fiscal years 2015-2018 with financial commitments over the period expected to be in the range of 1 to 1.2 billion dollars per year plus 1.7bn for the private sector.
Sepp Blatter has confirmed he will run for a fifth, four-year term as FIFA president. Buoyed by a successful World Cup in Brazil and UEFA President Michel Platini opting not to stand in next year’s election, the 78-year-old Blatter believes he has the backing to win again.
With less than fifty days to national elections when Uruguayans will vote for president and a new parliament (26 October), public opinion polls indicate that the ruling coalition until a few months ago the undisputed winner, faces a runoff and whoever wins will have to rule with a divided legislative.
The British Government has confirmed that after the “disappointment” of delays it has now reached “agreement in principle to the terms for talks and are discussing with both the Spanish Ministry of Foreign Affairs and the Government of Gibraltar how and when talks can be organized.”
Japan's economy shrank 1.8% in the April-to-June period, worse than forecast and raising more questions about the government's economic policy. The official data confirmed that the world's third largest economy suffered its sharpest quarterly contraction since the 2011 earthquake disaster.
Britain's Prince William and his wife Kate are expecting their second baby, his office announced on Monday. The baby will be fourth-in-line to the British throne, after grandfather Prince Charles, father William and elder brother George, the couple's first child who was born in July last year.
President of Brazil Dilma Rousseff has affirmed that current Finance minister Guido Mantega will not carry on in his post should the Workers' Party (PT) candidate win a second term as head of state in October's presidential elections.
Monday's bombing at a Santiago metro station that left at least ten people wounded was a terrorist attack, the Chilean government said. This is the last and most serious of a string of bombs that have been found across Santiago most planted at night.
Belize says it will support Uruguay for the position of secretary general of the Organization of American States (OAS) and downplayed any suggestion that its non-support for the Guatemalan candidate was linked to the ongoing territorial dispute between the two countries.