Economy

Tuesday, August 22nd 2017 - 07:04 UTC
Brexit: A paper on the role of the European Court of Justice expected this week

In the latest in a series of papers setting out its Brexit negotiating plans, the government will say disputes need to be resolved “in a clear and sensible way”, saying it is determined to agree new arrangements. This will be crucial for both UK and EU citizens and businesses that buy and sell across borders, it says.
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Tuesday, August 22nd 2017 - 06:23 UTC
Chinese automaker “deeply interested” in buying Jeep from Fiat Chrysler

A Chinese automaker is “deeply interested” in buying Jeep, an iconic American brand, from Fiat Chrysler Automobiles in a move that likely would face political opposition in the U.S. and create angst among workers. Great Wall Motor told trade publication Automotive News it also has “indirectly expressed interest” in acquiring the brand known for its rugged, off-road vehicles.
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Monday, August 21st 2017 - 10:42 UTC
Warnings about Northern Ireland peace funding and Brexit negotiations

Lord Peter Hain has called on the government to “soften” its approach to ”taking the UK out of the jurisdiction of the European Court of Justice (ECJ).” The former secretary of state claimed that such a move could result in Northern Ireland losing millions of pounds of peace funding. The ECJ oversees reconciliation grants to North Ireland in the region of £240 million.
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Monday, August 21st 2017 - 08:45 UTC
Hard Brexit proposal to remove all trade tariffs and barriers sparks strong controversy

Removing all trade tariffs and barriers would help generate an annual £135bn uplift to the UK economy, according to a group of pro-Brexit economists. A “hard” Brexit is “economically much superior to soft” argues Prof Patrick Minford, lead author of a report from Economists for Free Trade, which insists that eliminating tariffs, either within free trade deals or unilaterally, would deliver huge gains.
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Sunday, August 20th 2017 - 13:14 UTC
Batista family, Brazilian meatpacker JBS main shareholder face several civil lawsuits

JBS SA will proceed with plans to list a U.S.-based unit when market conditions allow, as the world's No. 1 meatpacker wrestles with a shareholder revolt over the role of the controlling Batista family in a massive graft scandal. In a conference call to discuss second-quarter results, CEO Wesley Batista said JBS Foods International Inc could be listed by the end of next year, once parent JBS finalizes 6 billion Reais (US$1.9 billion) in asset sales to cut debt and restore investor confidence.
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Sunday, August 20th 2017 - 13:09 UTC
Argentina opens its market to US pork products

Argentina has agreed to allow imports of U.S. pork products for the first time since 1992, the White House said in a statement on Thursday. “Today’s announcement is a big win for American pork producers and proves that President Trump is getting real results for America’s farmers and ranchers,” said Vice President Pence.
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Sunday, August 20th 2017 - 13:02 UTC
Guangdong province will host China-Latam business expo in November

The first China-Latin America and Caribbean International Exposition will be held in Zhuhai city of South China's Guangdong province from Nov 9-11, according to Zhu Qingqiao, deputy mayor of Zhuhai city. With an exhibition area of 30,000 square meters, the three-day event is expected to attract around 400 to 500 companies from both sides and over 40,000 visitors.
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Saturday, August 19th 2017 - 07:46 UTC
Weaker sterling helps boost the number of visitors to UK, up 7% in June

The number of visitors to the UK rose to 3.5 million in June, up 7% from the same month last year, according to official figures. The number of visitors from North America shot up by 34%, and visitors overall spent £2.2bn, a rise of 2%, the UK Office of National Statistics, ONS, said.
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Saturday, August 19th 2017 - 06:57 UTC
Falklands' all health and social services sites Smoke Free as of February

The Falkland Islands announced that all Health & Social Services sites are to be Smoke Free from 1st February 2018. Following on from the ban on smoking in any Government property, the Health & Social Services Department are going one step further by banning cigars, cigarettes and any vaping devices from all Health & Social Services sites, starting from the 1st February 2018.
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Saturday, August 19th 2017 - 06:42 UTC
Lord Hague: Brexit, “the most complex task”, any government has faced since the WW2

Lord Hague has compared Brexit to taking control of a gun, saying it is possible to find a solution without using it to “shoot your foot off”. The former Conservative leader said he believes there is sufficient common ground among the different political parties to negotiate with the EU.
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