The Inter-American Development Bank on Friday called off next week’s meeting of its 48 member countries in China after Beijing refused to allow a representative of Venezuelan opposition leader Juan Guaido to attend.
Markets in the UK and US have tumbled with analysts attributing the drop to growing fears of a global slowdown. The FTSE 100 saw its worst day of trading this year, closing 2% lower. In the US, the three main indexes ended between 1.9% and 2.5% lower.
Philip Morris International Inc on Friday said its Canadian unit, Rothmans, Benson & Hedges Inc (RBH), was granted creditor protection, following a tobacco class action ruling in Quebec earlier this month.
FAA Nominee Steve Dickson formerly a Delta Airlines executive, should get a prompt confirmation hearing before the U.S Senate,” stated Paul Hudson, of FlyersRights.org and longtime member of the FAA Aviation Rulemaking Advisory Committee (ARAC).
Garuda Indonesia is seeking to scrap its multi-billion dollar order for 49 Boeing 737 Max 8 jets after the plane was involved in two fatal crashes. The move is thought to be the first formal cancellation of an order for the aircraft. A Garuda spokesperson said passengers had lost trust in the plane.
Brazil’s farm minister said that a U.S. agreement to conduct further inspections on the country’s meatpacking system is a step toward reopening the United States to fresh Brazilian beef, but is not sufficient.
The United States on Thursday threatened to pull out of the annual meeting of the Inter-American Development Bank in China next week if Beijing refuses to allow a representative of Venezuelan opposition leader Juan Guaido to attend.
U.S. President Donald Trump said on Thursday that the United States should back Israeli sovereignty over the Golan Heights, seized from Syria in 1967. The dramatic shift mirrors Trump’s decision in December 2017 to recognize Jerusalem as the capital of Israel and to move the U.S. Embassy to the city, which delighted Israel but infuriated Palestinians and many Arab political and religious leaders.
Brazil’s agreement with the United States to forgo special treatment by the World Trade Organization (WTO) would apply only to future negotiations within the multilateral trade body, Director General Roberto Azevedo said on Wednesday.
The US Federal Reserve does not expect to raise interest rates for the rest of 2019 amid slower economic growth. After a two-day meeting, monetary policymakers voted unanimously to keep the US interest rate range between 2.25%-2.5%.