Stories for July 2018

Friday, July 20th 2018 - 10:11 UTC
Double miss for a redesigned Spanish submarine

An attempt to deploy a new submarine for Spain's navy has run aground again, after it emerged it cannot fit in its dock, Spanish media report. The S-80 boat was redesigned at great expense after an earlier mistake meant it had problems floating, and it was lengthened to correct the issue.
Friday, July 20th 2018 - 10:03 UTC
EU, Mexico and Canada warned they will retaliate if US imposes new tariffs on cars and autoparts

The European Union, Mexico and Canada have said they will retaliate against the US if the White House places new tariffs on foreign cars and vehicle parts. The countries delivered the warning on Thursday to a panel examining whether to recommend the taxes on grounds of national security.
Friday, July 20th 2018 - 07:47 UTC
Latin American markets and currencies slide on fears of global trade war

World trade tensions pressured Latin America's major indexes on Thursday, falling in line with other global markets, after the European Union said it was preparing possible retaliatory measures if the United States imposes tariffs on EU cars. Brazil's Bovespa dropped 1.25%, and Argentina's Merval, 0.85%.
Friday, July 20th 2018 - 07:35 UTC
Argentina betting on a 2018/19 record wheat crop to spur the economy

A record wheat harvest expected in Argentina this year could arrive just in time to jumpstart the ailing country's economy in the fourth quarter, after growth has been hit by low investment, high inflation and a soy crop devastated by drought.
Friday, July 20th 2018 - 07:21 UTC
Argentina finances improving: half year primary deficit drops to 0.8% of GDP

Argentina posted a primary fiscal deficit of 105.8 billion pesos (US$3.7 billion), or 0.8% of gross domestic product (GDP) in the first half of 2018, government data showed on Thursday, down 26.7% from the same period last year.
Friday, July 20th 2018 - 07:02 UTC
Trump invites Putin to the White House; summit in Helsinki remains a mystery

President Donald Trump has invited Russian President Vladimir Putin to Washington this autumn, the White House said on Thursday, a daring rebuttal to the torrent of criticism in the United States over Trump’s failure to publicly confront Putin at their first summit for Moscow’s meddling in the 2016 election.
Friday, July 20th 2018 - 06:49 UTC
Theresa May on a two-day visit to North Ireland to bolster her Brexit plan

Prime Minister Theresa May will tell the people of Northern Ireland on Friday that her Brexit plan is the best way to avoid a hard border with Ireland, standing firm against critics in her own party.
Friday, July 20th 2018 - 05:13 UTC
British publishing industry warns Brexit could damage record breaking export business

The UK publishing industry has warned that Brexit could damage its record-breaking export business. The boss of the Publishers Association said any tariffs or other barriers to trade post-Brexit “could be a problem”.
Friday, July 20th 2018 - 04:18 UTC
Falklands' survey says air link and telecoms biggest barriers to business growth

The biggest barriers to business growth in the Falkland Islands are the air link to Chile and telecommunications bandwidth (speed and quality) according to the Falkland Islands Development Corporation Business Climate Survey. In the survey to which 106 businesses responded (a 42% response rate) 30.86% selected those options.
Thursday, July 19th 2018 - 08:16 UTC
England interested in hosting the football World Cup in 2030

The UK Government is open to discussions on a possible bid to host the football World Cup in 2030, Downing Street has said. Prime Minister Theresa May’s official spokesman said ministers would be “happy” to talk with football authorities about any proposal they might want to put forward to FIFA.