Economy

Monday, October 7th 2019 - 09:21 UTC
Johnson puts pressure on EU leaders and insists on no request delay for Brexit beyond October 31

British Prime Minister Boris Johnson warned the European Union on Sunday he will not delay Brexit beyond Oct 31, underlining that his latest proposals are the last chance to reach a deal.
Monday, October 7th 2019 - 09:20 UTC
California lawsuit against online travel agencies “for unscrupulous” business practices

California has launched a lawsuit against online travel agencies FlightHub and JustFly for alleged “unscrupulous business practices, designed to fleece the average consumer.” FlightHub and JustFly’s parent company is Montreal-based FlightHub Group, formerly known as Momentum Ventures.
Monday, October 7th 2019 - 09:03 UTC
“Be in no doubt - independence is coming,” thousands march in Edinburgh

Tens of thousands of Scottish independence supporters marched in Edinburgh on Saturday, as calls grow for a fresh vote on Scotland breaking away from the United Kingdom with Brexit scheduled for within weeks.
Saturday, October 5th 2019 - 09:37 UTC
US unemployment at a record 50-year low in September, but manufacturing fell sharply

The U.S. unemployment rate dropped to near a 50-year low of 3.5per cent in September, with job growth increasing moderately, suggesting the slowing economy could avoid a recession for now despite trade tensions that are hammering manufacturing.
Friday, October 4th 2019 - 09:55 UTC
Ecuador will eliminate fuel subsidies and tighten the belt of public employees

Ecuadorean President Lenin Moreno said that his government will eliminate subsidies for diesel and low-octane gasoline and create a new corporate tax as part of a package of measures to narrow the country’s fiscal deficit.
Friday, October 4th 2019 - 09:50 UTC
Ecuador declares state of emergency to contain protests against elimination of fuel subsidies

Ecuador's President Lenin Moreno declared a state of emergency Thursday as protests broke out nationwide over the end of decades-old fuel subsidies as part of a $2 billion government fiscal reform package. Police responded with tear gas in the worst unrest for years in the oil-producing Andean nation.
Friday, October 4th 2019 - 09:40 UTC
 Argentine industrial activity dropped 6.4% in August and 8.1% so far this year

Industrial activity in Argentina dropped 6.4% during August compared to a year ago and 2.8% over last July, totalling a slide of 8.1% so far this year, according to the official stats office, Indec.
Thursday, October 3rd 2019 - 09:54 UTC
Developing nations foreign debt reaches US$ 7.8 trillion, World Bank report

Total foreign debt held by developing nations jumped more than 5% to US$7.8 trillion, driven by a surge in Chinese debt, the World Bank said in a report on Wednesday.
Thursday, October 3rd 2019 - 09:51 UTC
Brazil's landmark pension reform bill closer to its final approval

Brazil’s Senate on Wednesday approved a landmark pension reform bill in the first round of voting, in relief for far-right President Jair Bolsonaro, although senators voted down an amendment in a move that dilutes the reform’s projected savings. The bill will now pass to a second and final voting round.
Thursday, October 3rd 2019 - 09:50 UTC
US will impose 10% tariffs on Airbus planes and 25% on French wine and Scotch

United States on Wednesday said it would enact 10% tariffs on European-made Airbus planes and 25% duties on French wine, Scotch and Irish whiskeys and cheese from across the continent as punishment for illegal EU aircraft subsidies.