Economy

Thursday, May 9th 2019 - 07:50 UTC
The Ose robotic vibrator finally given the CTA innovation award

A sex toy that was banned from this year's CES tech show after winning an innovation award has been given the prize again, four months later. The Ose robotic vibrator by Lora DiCarlo was originally given the prize by the Consumer Technology Association (CTA) in January.
Thursday, May 9th 2019 - 07:29 UTC
Brazilian congress begins to discuss pensions' reform; investors and markets apprehensive

Brazil’s pension reform proposal returns to the congressional spotlight with a committee of lower house lawmakers opening its analysis of the government’s bill just as the outlook for the economy is deteriorating rapidly.
Wednesday, May 8th 2019 - 12:54 UTC
IMF mission arrives in Argentina: Central bank policy, inflation and revenue in the agenda

A new IMF mission is expected in Argentina this e Wednesday for the fourth review of the country's economic plan which is supported by a 36 month stand-by credit from the multilateral financial institution. It's the first IMF visit since Argentina's Central Bank major strategy change in the foreign exchange market to avoid another meltdown of the Argentine currency.
Wednesday, May 8th 2019 - 09:57 UTC
UK “regrettably” has to participate in the EU elections, admits Mrs. May deputy

The United Kingdom will have to hold European elections, despite hopes from the government a Brexit deal would be done by then, says the PM's de facto deputy. The vote is due on 23 May, but Theresa May said the UK would not have to take part if MPs agreed with a Brexit plan first.
Wednesday, May 8th 2019 - 09:52 UTC
Hundreds march in Rio to protest education federal funding cuts by Bolsonaro's administration

Hundreds of students and professors protested against public education funding cuts outside a military high school in Brazil where far-right President Jair Bolsonaro was attending a ceremony. Bolsonaro’s conservative government sparked outrage last week when it revealed at least 30% cuts to the annual budgets of federally funded high schools and universities.
Wednesday, May 8th 2019 - 09:25 UTC
China opening its mutual fund business to a foreign majority stake: JPMorgan could be the first

JPMorgan could become the first foreign company to own a majority stake in its Chinese mutual fund business, after its joint venture partner put a crucial 2% of the business up for sale that analysts expect the Wall Street bank to lap up.
Wednesday, May 8th 2019 - 09:08 UTC
Asian markets plummet on concern over China/US trade deal; Beijing negotiator expected in Washington

A red wave swept across Asia trading floors on Wednesday as investors grow increasingly concerned that the China-US trade deal, which appeared all by ready to sign, could fall through.
Tuesday, May 7th 2019 - 09:58 UTC
Falklands' lawmakers travel to the UK to address a long agenda including Brexit

This month five Falkland Islands lawmakers, elected Members of the Legislative Assembly, according to a release from the Islands' government are travelling to the UK to have a series of key meetings with the oil industry, trade partners and UK parliamentarians, and to reiterate the need for a good deal for the Falkland Islands in the context of continuing Brexit negotiations.
Tuesday, May 7th 2019 - 09:47 UTC
Chinese backtrack prompted Trump to announce raising tariffs next Friday

Top US trade officials said on Monday that China had backtracked on previous commitments made in talks, and that this reversal was what prompted President Donald Trump’s earlier announcement that the United States would raise tariffs on billions of Chinese goods next Friday.
Tuesday, May 7th 2019 - 09:40 UTC
Argentina's recession steams on: industrial output in March dropped 13.4%

Argentina's industrial output slid a steeper-than-expected 13.4% in March compared with the same month last year, the government's Indec statistics agency said on Monday, as the recession-hit economy struggles to return to growth.