Economy

• Tuesday, May 14th 2019 - 09:45 UTC

  Brazil's Real slides past 4.00 to the US dollar as China/US trade dispute escalates

  

  Brazil’s Real weakened past 4.00 per dollar for the first time in three weeks on Monday as an escalation in the U.S.-China trade war sent emerging markets reeling and a weekly snapshot of domestic growth forecasts fell to a new 2019 low.

• Tuesday, May 14th 2019 - 09:43 UTC

  Brazil plans to reduce import tariffs by ten percentage points in four years

  

  Brazil plans to reduce import tariffs by 10 percentage points during the new government’s four-year term, Economy Minister Paulo Guedes said, a move away from the direction currently being taken by countries such as the United States.

• Tuesday, May 14th 2019 - 09:21 UTC

  Ford assets in Brazil to be acquired by Chinese businesspeople

  

  The founder of Brazilian automaker CAOA said on Monday he is negotiating with Chinese business executives to make a joint acquisition of a Ford Motor Co plant near Sao Paulo.

• Monday, May 13th 2019 - 13:29 UTC

  Floods in Paraguay: some 40.000 people displaced

  

  The Government of Paraguay reported that approximately 40,000 people have been displaced since March as a consequence of the recent floods in the country.

• Monday, May 13th 2019 - 09:39 UTC

  Trade talks with Beijing escalate: China will not swallow any “bitter fruit” that harms its interests

  

  The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its interests.

• Monday, May 13th 2019 - 09:07 UTC

  Tories fifth ahead of EU elections; Farage Brexit party leads with 34%; PM May expected to announce departure

  

  British Prime Minister Theresa May's Conservatives have slumped to fifth place in an opinion poll ahead of the May 23 European parliamentary election as pressure grows for her to set a date for her departure.

• Saturday, May 11th 2019 - 09:58 UTC

  Falkland Islands Wool Company attended the 88th Congress of the International Wool Textiles Organisation

  

  Vikki Berntsen and Farrah Peck of The Falkland Islands Wool Company attended the 88th Congress of the International Wool Textiles Organisation (IWTO) last month, along with Adam Dawes of the Department of Agriculture, and Robert Hall of Falkland Wool Growers.

• Saturday, May 11th 2019 - 09:56 UTC

  Trump orders a new tariff hike on Chinese products as trade talks remain “candid and constructive”

  

  US President Donald Trump cranked up the heat on Friday in a trade battle with China, ordering a tariff hike on almost all remaining imports from the world's second-biggest economy, putting at risk global growth and the stability of financial markets.

• Saturday, May 11th 2019 - 09:15 UTC

  Scotland's eleven billionaires are worth an estimated £17.245bn

  

  Billionaires linked to Scotland have increased their wealth in the past year, according to the Sunday Times Rich List, to be published on Sunday. The 11 billionaires were worth an estimated combined £17.245bn, an increase of £1.038bn in the past year.

• Saturday, May 11th 2019 - 09:03 UTC

  Inflation in Brazil peaks to an annualized 4.9% during April

  

  Annual consumer price inflation in Brazil rose to 4.9% in April, government statistics agency IBGE said on Friday, the highest in over two years and further above the central bank's end-year target of 4.25%.