Economy

Friday, October 11th 2019 - 09:21 UTC
Barnier/Barclay breakfast in Brussels to unlock Brexit following understanding between Johnson and Varadkar

Britain and Europe's top Brexit negotiators sit down together on Friday to test what British and Irish leaders say might be a “pathway” to a deal. Technical talks on an agreement to govern Britain's EU divorce are stalled, just days before what had been billed as a last chance European summit.
Friday, October 11th 2019 - 09:02 UTC
No one party veto over a possible agreement on the Irish border, and a Brexit deal

No single party in Northern Ireland will be given a veto in any Brexit deal that is now “a distinct possibility” following a positive meeting between the Irish and British leaders on Thursday, Britain’s Northern Ireland minister said.
Thursday, October 10th 2019 - 09:57 UTC
Brazil's Senate to hold a final vote on pension reform on 22 October

Brazil’s Senate will hold the second and final vote on pension reform on Oct. 22, party leaders agreed on Tuesday night after long discussions, according to Senator Antonio Anastasia of the Brazilian Social Democratic Party.
Thursday, October 10th 2019 - 09:50 UTC
Deflation in Brazil: consumer prices during September slipped 0.04%

Brazilian consumer price inflation fell to its lowest in more than a year in September, official figures on Wednesday showed, a reading below the central bank’s target that is likely to strengthen expectations of another cut in interest rates.
Thursday, October 10th 2019 - 09:49 UTC
Mexico urged to implement labor reform to help speed ratification of the new North American free trade deal

The leader of a U.S. congressional delegation to Mexico said that Mexico must take more concrete steps to implement its labor reform, after a trip aimed at speeding up ratification of the new North American free trade deal.
Thursday, October 10th 2019 - 09:36 UTC
UK Trade secretary tells WTO conference, “Britain is back” as a sovereign nation

Britain is looking forward to “taking back control” of its trade policy after it exits the European Union later this month, a government minister told the World Trade Organization on Wednesday. Speaking at a WTO conference, International Trade Secretary Liz Truss said her country was preparing to seize “a golden opportunity.”
Thursday, October 10th 2019 - 09:35 UTC
Brazil selling the only aircraft carrier in South America, A12 Sao Paulo

The Brazilian navy has begun auctioning off its only aircraft carrier. The attempted sale of Sao Paulo leaves the Brazilian fleet with just one aviation vessel, the helicopter carrier Atlantico. And it effectively strands the navy’s small fleet of carrier-compatible Skyhawk fighters.
Wednesday, October 9th 2019 - 09:55 UTC
New IMF chief claims the world economy is in a “synchronized slowdown”

Grinding trade disputes are undermining the global economy, which is set to see its slowest growth in nearly a decade, the new IMF chief said on Tuesday. Research shows the impact of the trade conflict is widespread and countries must be ready to respond in unison with cash infusions, Kristalina Georgieva said in her first speech as managing director of the International Monetary Fund.
Wednesday, October 9th 2019 - 09:50 UTC
Ushuaia anticipates an exceptional cruise season with 431 calls

Ushuaia, extreme south of Argentina and the hub which handles most Antarctica bound cruises are expecting an exceptional 2019/20 season with some 431 calls, up from the 392 of the previous season, according to provincial port authorities.
Wednesday, October 9th 2019 - 09:45 UTC
Global trade tensions have investment on hold and promote poverty, World Bank claims

As global trade tensions persist, investments are put on hold and without that cash to boost economic growth, poverty could surge, the World Bank's chief economist warned Tuesday. Without growth “inevitably, people will struggle”, Pinelopi Koujianou Goldberg said in an interview.