Pedro Sánchez says he will continue as Prime Minister of Spain; Fed maintains US interest rate at 5.25% to 5.50% for the 6th time

In the Around the World framework, the team from Poder360 summarizes the main international facts of the last week (29.Apr.2024 to 3.May.2024).

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Pro-Palestinian acts in the USA

The week was marked by police action in pro-Palestinian demonstrations organized by students from universities in the United States.

In the early hours of Tuesday (April 30), students from Columbia, in New York, occupied Hamilton Hall, one of the university buildings. The act came after protesters rejected orders from the rectory to vacate their pro-Palestine camp the previous day.

In response to the occupation, police officers arrested dozens of protesters in Columbia. The agents entered the institution’s building, which had been occupied by protesters, and dispersed the people who were camping on the university’s lawns.

United States President Joe Biden these on Thursday (May 2) that the demonstrations at universities in the country did not make him reconsider North American foreign policy in the Middle East.

The US president criticized what he considers to be “violent protests” in universities. He also said Americans have the right to demonstrate, but not to cause chaos.

Sánchez continues not to charge

On Monday (April 29), the Prime Minister of Spain, Pedro Sánchez, announced that he will continue in his position. The prime minister considered resigning after the opening of an investigation against his wife, Begoña Gómez.

Sánchez’s wife faces charges of influence peddling and corruption. She will be investigated for allegedly using her position as first lady to obtain investment in a master’s course at the Complutense University of Madrid, where she is director.

The Prime Minister vehemently denies the accusations against the woman, describing them as “fake news” of far-right newspapers.

Pepe Mujica with cancer

Former President of Uruguay José “Pepe” Mujica, 88 years old, announced on Monday (April 29) who is facing esophageal cancer. Mujica said he received the diagnosis on April 26 during routine examinations.

“Bus Law” is approved in Argentina

Argentine President Javier Milei’s economic super package, known as “Bus Law”, was approved in the Chamber of Deputies on Tuesday (April 30). The proposal received 142 votes in favor of the 129 necessary. The approved measure has undergone modifications since the initial package presented by the president in December 2023.

Deputies will still debate specific articles before forwarding the project for analysis by the Senate.

BCRA cuts interest rate to 50%

On Thursday (May 2), the Argentine Central Bank reduced the interest rate based on savings from 60% to 50%. This is the 3rd cut in the last 3 weeks.

Fed maintains interest rate

The Federal Reserve, the Central Bank of the United States, announced on Wednesday (May 1), the maintenance of interest in the range of 5.25% to 5.50%. The decision was unanimous, keeping the interest rate at the same level since July 2023.


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