The Bank of England has unveiled a series of stimulus measures in the wake of Brexit, including its first interest rate cut since the global financial crisis (2009), as it tries to jumpstart an economy shocked by Britain’s vote to leave the European Union.
New Prime Minister Theresa May has made Boris Johnson, the former London mayor who led the Brexit campaign, foreign secretary in her new government. He replaces Philip Hammond, who becomes chancellor and ex-Energy Secretary Amber Rudd is home secretary and Euro skeptic David Davis is the Brexit secretary. Ex-chancellor George Osborne was not included apparently because his “brand” was seen as “too tarnished”.
German Chancellor Angela Merkel and French President Francois Hollande said on Sunday they are in full agreement on how to handle the fallout from the UK's decision to leave the European Union. Hollande warned that separated, we run the risk of divisions, dissension and quarrels.
The Falkland Islands and Argentina will be making their case on Thursday in New York before the United Nations Special Decolonization Committee, or C24, an annual event where the Islanders demand recognition of their right to self determination, as clearly expressed in the UN charter for all peoples of the world.
With its green bell tower and royal coat of arms, the Torre Monumental in Buenos Aires would not look out of place in a British market town. The 60-metre Palladian clock tower was a gift from the city’s British community to mark the centenary of Argentina’s 1810 revolution (though it was completed in 1916). On May 24th this year around 200 people gathered to commemorate its centenary.
Britain's Foreign Secretary's arrival and departure flights into Gibraltar last week were not allowed to overfly Spanish territory and flew over Portugal instead. This was one of several hostility incidents of Spanish officials towards London. The overfly ban was confirmed to Gibraltar Broadcasting Corporation by the Convent (Governor's residence in the Rock).
Argentina and UK agreed to disagree on the Falklands/Malvinas question, but coincided that the issue should not be an obstacle for the development of a wider positive agenda. Furthermore the two countries agreed on the need to identify possible areas of cooperation in the South Atlantic, such as exploitation of natural resources, and connectivity between the continent and the Islands.
Britain reiterated interest in strengthening relations with Argentina in areas of mutual interest, but also underlined London's position regarding the Falkland Islands remains unchanged, while from Stanley, the Falklands' elected government expressed its willingness to explore a potential cooperation with the Argentine government.
Argentina's foreign minister Susana Malcorra will be in London this Thursday to attend a global summit on combating corruption, and is expected to meet with her peer Philip Hammond, and probably address the Falklands issue, according to Argentine official sources. Malcorra is accompanied by Fulvio Pompeo, Secretary for Strategic Affairs from Argentina's presidency, and a very close advisor to president Mauricio Macri.
Foreign Secretary Philip Hammond and Gibraltar's Chief Minister Fabian Picardo underlined on Wednesday the importance of remaining in a reformed European Union, stronger, safer and better off, both for the UK and Gibraltar. The joint statement comes ahead of the June 26 Brexit vote, which for Overseas Territories a 'Leave' victory could be 'catastrophic', according to statements from Gibraltar and Falklands' representatives