The Bank of England's new Governor Mark Carney said the central bank will not consider raising its record low interest rate and stimuli until unemployment falls below 7%.
Argentina’s National Electoral Court urged the Congress to revise the laws concerning state advertising in electoral periods so as not to benefit ruling party candidates. There have been several claims that President Cristina Fernandez is going over the line in supporting her candidates.
Argentina is forecasted to fall into recession next year on the back of super-loose money policy with inflation reaching 24% this year and 30% in 2014 as the government continues to appeal to Central bank resources to meet budget commitments, according to London based Capital Economics.
British Foreign Secretary William Hague spoke on Wednesday to his Spanish peer Jose Garcia Margallo with the commitment of finding a diplomatic solution to the dispute at the Spain/Gibraltar border.
The first decline in food prices in two years provided temporary assistance to Brazilian President Dilma Rousseff’s efforts to tame inflation. Prices as measured by the benchmark IPCA index rose 0.03% in July and more encouraging with prospects for prices to remain unchanged.
“Until when will we allow ideology to prevail over economics, markets, competitiveness grounding the great vessel of Brazilian trade in the port of little regional pretensions”, asks Katia Abreu in a column published in Folha de Sao Paulo openly criticizing the administration of Dilma Rousseff for its Mercosur policy and the results of the recent Montevideo summit.
Indigenous peoples’ rights and police violence are the focus of a High Level Mission (HLM) by Amnesty International’s Secretary General, Salil Shetty in Brazil where he is scheduled to meet with top politicians and officials to discuss an array of human rights abuses and violations which need to be addressed.
Media in China are warning against Japan's remilitarisation after the country unveiled its biggest warship since World War II on Tuesday. The huge Japanese flat-top destroyer, Izumo, has a flight deck nearly 250m long and can reportedly carry more than nine helicopters.
Portsmouth-based frigate HMS Richmond has sailed for a routine seven months Atlantic Patrol Tasking which includes the South Atlantic. According to the official release she left Portsmouth on Monday 5 August and will maintain the continuous Royal Navy presence in the Atlantic and provide an ongoing protection and reassurance to British regions within the region.
Former UK Europe Minister Peter Hain has said that the failure to recognise Spain’s historic claim over the Rock is the root of the issues Gibraltar has with its neighbours. Hain made his comments during an interview on BBC Radio 4’s Today programme.