Economy

• Wednesday, March 13th 2019 - 09:47 UTC

  EU adds ten more countries to the blacklist of tax havens including several British Overseas Territories

  

  EU finance ministers approved on Tuesday the addition of 10 more countries to the EU’s blacklist of tax havens, which currently includes only five jurisdictions and aims to help prevent tax fraud or evasion.

• Wednesday, March 13th 2019 - 09:20 UTC

  UK economy performance weak: 0.2% expansion in three months to January

  

  The UK economy grew by 0.2% in the three months to January, matching the growth of the previous three months. The report from the Office for National Statistics (ONS) showed a pick-up in activity in January when the economy expanded by 0.5%.

• Wednesday, March 13th 2019 - 08:18 UTC

  Brazil auto production up 29.9% in February

  

  Automobile production in Brazil rose 29.9% in February from January, while sales slipped 0.6%, the national automakers’ association said on Monday. Automakers in Brazil produced around 257,200 new cars and trucks last month, while sales totaled about 198,600 vehicles, according to industry group Anfavea.

• Wednesday, March 13th 2019 - 08:12 UTC

  Brazil February consumer prices rose 0.43%, and 3.89% in twelve months

  

  Consumer prices in Brazil rose at a slightly faster pace than expected in February due to a rise in private education fees and food and beverage prices, statistics agency IBGE said on Tuesday. On a monthly basis, inflation rose by 0.43% in February, IBGE said, more than the expected 0.39% and up from 0.32% a month earlier.

• Wednesday, March 13th 2019 - 07:26 UTC

  UK business groups Brexit exasperation: “It's time for Parliament to stop this circus”

  

  Business groups are “exasperated” after the Prime Minister's EU withdrawal plan was again rejected by Parliament. They called on MPs to shut down the possibility of a no-deal Brexit and come up with a clear EU exit plan. The City UK, the finance industry body, said leaving without a deal “would be an own goal of historic proportions”.

• Tuesday, March 12th 2019 - 20:19 UTC

  UK Parliament: Brexit deal is rejected again

  

  The Brexit deal negotiated by the Government of Theresa May and the European Union was rejected on Tuesday for the second time in the British Parliament despite the adjustments that the Prime Minister managed to reach in the European bloc.

• Tuesday, March 12th 2019 - 09:37 UTC

  PM May faces “meaningful vote” with reviewed Brexit deal; Juncker warns there “is no third chance”

  

  Theresa May says she has secured “legally binding” changes to her Brexit deal, a day ahead of MPs voting on it. But European Commission President Jean-Claude Juncker warned if the deal was voted down there was “no third chance”. They spoke at a joint press conference in Strasbourg after a late meeting.

• Tuesday, March 12th 2019 - 09:29 UTC

  Leading agriculture traders target Brazilian main grain artery concession

  

  The world’s big four agriculture traders and Brazilian rival Amaggi could make a joint bid to operate a road connecting the country’s grain belt to northern ports, while also considering an investment in a parallel railway, the firm that conducted a study on the potential venture said on Monday.

• Tuesday, March 12th 2019 - 09:02 UTC

  Brexit impact has moved some £900bn in financial firms' assets out of the UK

  

  A report into the impact of Brexit on banking and finance firms says some £900bn in financial firms' assets have been moved out of the UK. It adds this has cost £3bn-4bn and involves 5,000 expected staff moves or local hires, and that figure will rise.

• Tuesday, March 12th 2019 - 08:24 UTC

  Chinese tourists did 150 million outbound trips in 2018

  

  A total of 149.72 million outbound trips were made by Chinese tourists in 2018, up 14.7% from the previous year, the Ministry of Culture and Tourism announced, Trend reported citing Xinhua.