Brazilian Finance Minister Henrique Meirelles said on Thursday “there’s a very good chance” that the country’s proposed pension reform bill will be approved by the end of the year. Addressing a question-and-answer session at an Institute for International Finance meeting in Washington Meirelles said that it would be simpler to pass the bill this year than next year because of political challenges that could come with Brazil’s upcoming presidential election in October 2018.Add your comment!
Banking giant HSBC has named John Flint, current head of retail banking and wealth management, as its new boss. Mr Flint, who takes over from outgoing chief executive Stuart Gulliver, will start his new role next February.Add your comment!
The European Union's chief negotiator on Brexit talks says negotiations with the United Kingdom are stuck in a state of deadlock. The EU wants to know what divorce bill Britain is prepared to pay before talks go any further. British officials, on the other hand, want to begin trade talks now, before they commit billions.2 comments
Rising global emissions of some chlorine-containing chemicals could slow the progress made in healing the ozone layer. A study found the substances, widely used for paint stripping and in the manufacture of PVC, are increasing much faster than previously thought. Mainly produced in China, these compounds are not currently regulated.Add your comment!
Israel has said it will join the US in pulling out of the UN's cultural organization Unesco, after US officials cited anti-Israel bias. Israeli Prime Minister Benjamin Netanyahu praised the US decision as brave and moral, a statement said.Add your comment!
The Conservative Party’s plans for a “no deal” hard Brexit would plunge the UK into immediate recession, cost the British economy £400 billion and wipe 18% off GDP growth by 2030, a leading investment bank has warned.44 comments
Global food prices rose slightly in September, as firmer prices of vegetable oils and to a lesser extent dairy products offset declining prices for staple cereal grains. The FAO Food Price Index averaged 178.4 points for the month of September, up 0.8% from August and marking a 4.3% increase from a year earlier.Add your comment!
The United States men’s soccer team was eliminated from World Cup qualifiers Tuesday, a shocking result that could leave sponsors and media partners in the lurch for millions of dollars. The US fell 2-1 on the road to Trinidad & Tobago. That result, coupled with wins by Panama and Honduras, eliminated the Americans from contention for a spot in the 2018 World Cup in Russia.Add your comment!
Venezuela’s triple-digit annual inflation rate is set to jump to more than 2,300% in 2018, the highest estimate for any country tracked by the International Monetary Fund.Add your comment!
The government and treasury of the Falkland Islands have issued (9th October) a new set of crown coins which mark the centenary anniversary of the establishment of the British Royal House. The Royal House came about due to the circumstances just after the fighting for the Great War began (1914–1918).5 comments