Economy

Friday, May 31st 2019 - 09:30 UTC
Tories and Labour face Brexit debacle: Libs and Farage, become the leading parties shows YouGov poll

British Prime Minister Theresa May's Conservative Party is facing its worst ever general election result if a vote were held now, according to a new opinion poll, as voters frustrated with the deadlock over Brexit will punish the main political parties.
Friday, May 31st 2019 - 09:25 UTC
US Treasury monitoring list of countries with large trade surplus and possible currency manipulation

The US Treasury expanded the number of countries subject to scrutiny in a semi-annual report released this week, but again found that neither China nor any other trading partners was manipulating its currency. The treasury urged the Asian giant to avoid allowing the renminbi to weaken persistently - which would give its products a more competitive advantage.
Friday, May 31st 2019 - 08:57 UTC
Ahead of UK visit, Trump praises Farage and Johnson: “they are friends of mine”

United States president Donald Trump praised the two most high-profile proponents of Britain's departure from the European Union on Thursday ahead of his planned visit to London at a time of political turmoil following the resignation of Prime Minister Theresa May.
Thursday, May 30th 2019 - 09:58 UTC
Unions and opposition promote 24-hour strike paralyzing Argentina

Opponents of Argentina's President Mauricio Macri launched a 24-hour strike on Wednesday to protest the government's inability to reduce inflation that has reached 55% over the past year. The strike paralyzed public transport while all flights to and from the country's airports were canceled. Banks, schools and universities remained closed.
Thursday, May 30th 2019 - 09:30 UTC
Brexit disruption slashed UK April car production by 45%

Factory shutdowns designed to cope with disruption from a 29 March Brexit, slashed UK car production in April by almost a half. Even though Brexit is delayed the factories still closed and production fell 44.5% according to the Society of Motor Manufacturers and Traders (SMMT).
Thursday, May 30th 2019 - 09:21 UTC
Jersey and Guernsey, among the “worst tax havens”, Tax Justice Network says

A new list of corporate tax havens has named Jersey as the seventh most “aggressive” in the world. The Tax Justice Network created the ranking by assigning a “haven score” based on 20 different criteria. Both Jersey and Guernsey scored 98 out of a possible 100, putting them “up there with the worst.”
Thursday, May 30th 2019 - 09:15 UTC
European football market valued at €28.4bn; English Premier League leads, £4.8bn

The big five European leagues generated a record €15.6bn (£13.8bn) in revenue in 2017-18, a 6% annual increase, according to new figures from Deloitte. It says the European football market is now worth some €28.4bn (£25.1bn). The English Premier League was the market leader, with record revenues of £4.8bn, as five teams competed in the Champions League for the first time.
Thursday, May 30th 2019 - 09:10 UTC
Real Madrid, the most valuable European football club, worth €3.22bn

Real Madrid has overtaken Manchester United and been named most valuable European football club, being worth about €3.22bn (£2.91bn), says KPMG. The Spanish club tops KPMG's study of top sides' “enterprise value”.
Wednesday, May 29th 2019 - 10:07 UTC
Corbyn ready to back a second referendum on Brexit

Britain's Labour Party leader Jeremy Corbyn is set to back a second referendum on Brexit and it could be within days, the Mirror newspaper reported late on Tuesday citing senior figures of the party.
Wednesday, May 29th 2019 - 10:03 UTC
Brazil's iron ore industry misery, a boom for Australian big miners

Iron ore prices look set to be stronger for longer, potentially delivering windfall profits for West Australia’s big miners for the next two years. As the iron ore price hit a five-year high of US$107.50/t this week, analysts have begun scrambling to revise their estimates as they start to digest the impact of supply disruptions out of Brazil and how long the outages could linger.