Economy

Friday, July 5th 2019 - 14:21 UTC
Boris Johnson proposes taxing technology giants

Boris Johnson, the leading candidate to replace Theresa May as British Prime Minister, said on Thursday the government had to find a way to tax global technology giants on their income.
Friday, July 5th 2019 - 08:42 UTC
Brazilian stocks at new records as pension reform clears key congressional hurdle

Brazilian markets rallied on Thursday and stocks hit the highest level on record, as the government’s cornerstone pension reform bill cleared a key congressional hurdle. The special pension reform committee in Congress passed the basic text by a vote of 36 to 13, and the reform bill could now be only two weeks from achieving full lower house approval.
Friday, July 5th 2019 - 08:31 UTC
Falklands' farmers suffer Brexit uncertainty: lower prices and slower sales of meat

$UK export sales are down and with only a fraction of those being absorbed by the national market, produce has been put into cold storage$

Uncertainty surrounding the possibility of a no-deal Brexit resulted in lower prices and slower sales of meat in the 2019 export season, Falkland Islands farmers were told this week.
Friday, July 5th 2019 - 04:23 UTC
Samsung sued in Australia for misleading publicity: allegedly Galaxy phones have proven not water proof

Australia's competition regulator said on Thursday it is suing the local unit of South Korea's Samsung Electronics, alleging it misled consumers by promoting its Galaxy smartphones as water resistant.
Thursday, July 4th 2019 - 19:13 UTC
Brazilian leading meat processor is “buying cattle from ranchers operating on deforested land”

Brazilian food processor JBS SA has been buying cattle from ranchers operating on deforested land in the Amazon that the government had said must not be used for grazing, a newspaper report said on Tuesday.
Thursday, July 4th 2019 - 17:54 UTC
Wall Street fresh records on expectations of a FED interest rate cut

Optimistic investors drove Wall Street to fresh record highs amid strong expectations of an impending US interest rate cut. The Dow Jones index lifted by 179 points, 0.7 per cent, to 26,966. The broader S&P 500 posted its third consecutive record high, up 0.8 per cent, while the tech-heavy Nasdaq rose 0.75 per cent.
Thursday, July 4th 2019 - 16:54 UTC
Brazil anticipates more trade accords following on the Mercosur/EU deal

Brazil’s Foreign Minister Ernesto Araujo said on Wednesday that he expects two new trade deals to be signed between the trade bloc Mercosur and other regions in the second half of 2019, hailing a new era of openness in Brazil.
Thursday, July 4th 2019 - 09:43 UTC
UK returned 1.400 tons of Brazilian poultry contaminated with salmonella

The Brazilian government confirmed on Wednesday that Britain had sent back to Brazil 16 containers of poultry due to the presence of salmonella in the shipments. According to Agriculture Minister Tereza Cristina Dias, the shipments totaled 1,400 tons of poultry, which were returned over a 15-month period.
Thursday, July 4th 2019 - 08:02 UTC
Brazil's currency Real turned 25 this month, a true feat for a country whipped for decades with inflation

Brazil’s Real turned 25 years on Monday, July first. It’s already the longest circulating currency in the contemporary history of Brazil, having achieved this feat without fanfare in 2018 when it surpassed the cruzeiro.
Thursday, July 4th 2019 - 07:52 UTC
Brazilian trade secretary praises Bolsonaro for the Mercosur/EU trade deal

Brazil's Foreign Trade Secretary Marcos Troyjo says that Jair Bolsonaro's government was decisive in pulling off the free trade agreement between Mercosur and the European Union.