Economy

• Wednesday, July 1st 2020 - 10:07 UTC

  Colombian Senate approves trade agreement with the United Kingdom

  

  A bilateral trade agreement between Colombia and the United Kingdom has passed in Colombia’s plenary senate session and now passes to the Andean nation’s lower house for approval. <br />
  The legislation seeks to maintain uninterrupted trade access, terms and conditions between Colombia and the UK that have existed under the Colombia – European Union agreement.

• Wednesday, July 1st 2020 - 08:53 UTC

  The most powerful EU member takes the rotating presidency of the block

  

  The European Union’s most powerful member, Germany, takes over the bloc’s rotating presidency as of Wednesday amid a raft of challenges — from COVID-19 and the economic devastation it has wrought, to Brexit, trade with China and tensions with the United States.

• Wednesday, July 1st 2020 - 08:33 UTC

  EU rejects British proposals “to maintain benefits of the single market without the obligations”

  

  British proposals to give the City of London access to the European Union are “unacceptable” because they seek to maintain the benefits of the single market without the obligations, the bloc’s chief Brexit negotiator Michel Barnier said on Tuesday.

• Wednesday, July 1st 2020 - 08:27 UTC

  UK economy shrinks the most since 1979, as households slashed spending

  

  Britain’s economy shrank by the most since 1979 in early 2020 as households slashed their spending, according to official data that included the first few days of the coronavirus lockdown.

• Wednesday, July 1st 2020 - 08:20 UTC

  Japan aims to clinch a trade deal with Britain by end of July: auto tariffs, main interest of Tokyo

  

  Japan and Britain aim to clinch a trade deal by the end of July and Tokyo wants to secure at least the same automobile tariffs as it has in its existing European Union trade pact, Tokyo’s chief negotiator said.

• Wednesday, July 1st 2020 - 08:07 UTC

  WTO confident of securing an agreement on cutting fisheries subsidies this year

  

  The World Trade Organization (WTO) aims to secure an agreement on cutting fisheries subsidies this year, the chair of the talks, and a WTO official said on Tuesday, despite the cancellation of a major meeting due to COVID-19.

• Tuesday, June 30th 2020 - 09:56 UTC

  US economy headed for a “V shaped recovery”, anticipates Economic advisor Kudlow

  

  The U.S. economy still appears headed for a “V-shaped recovery” despite some setbacks in efforts to reopen state economies that had been shuttered for the coronavirus, a top White House adviser said on Monday.

• Tuesday, June 30th 2020 - 07:59 UTC

  Argentina economic activity plummets 26,4% in April year on year

  

  Argentina's economic activity plummeted in April, the first full month that social-distancing measures that shut down non-essential businesses and other activities were in effect.

• Tuesday, June 30th 2020 - 07:54 UTC

  Some of the largest corporations that joined the boycott of Facebook: “stop hate for profit”

  

  Some companies have joined a boycott of Facebook after critics accused the social network of inadequately policing hateful and misleading content on its platform. Here's a list of companies that are planning to halt spending on social media.

• Tuesday, June 30th 2020 - 07:43 UTC

  Boris Johnson in major speech will pledge billions in public works to jump start the economy

  

  Prime Minister Boris Johnson vowed Britain will spend large sums on hospitals, schools and roads to jump-start the economy as it emerges from the coronavirus lockdown that has plunged the country into what may be the worst recession in three centuries.