Economy

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%.
Saturday, May 11th 2019 - 08:50 UTC
Princess Cruises announces largest ever Australia, New Zealand 2020/21 season

Princess Cruises has announced its largest Australia and New Zealand cruise season ever offered sailing towards some of the world’s most dramatic destinations during the cruise line’s October 2020 to May 2021 season. New for this season, Regal Princess joins sister ship Majestic Princess in Australia, marking the cruise line’s youngest fleet to sail in this region.
Saturday, May 11th 2019 - 08:48 UTC
China says three issues lie in the way of a trade agreement with the US

Three issues lie in the way of an agreement between China and the United States, which will have to be ironed out in upcoming talks in Beijing, said China’s chief trade negotiator as the US moved to impose higher tariffs on Chinese goods.
Friday, May 10th 2019 - 09:57 UTC
Brazil confident of a Mercosur/EU trade accord in coming weeks

The European Union and Mercosur will likely close a trade agreement in the near future, Brazil’s Foreign Trade Secretary Lucas Ferraz said in an interview with Bloomberg. “We’ve never been so close,” Ferraz said adding, “we’ve advanced more in four months than in 20 years”.
Friday, May 10th 2019 - 09:53 UTC
Mike Zuckerberg has become far too powerful, Facebook has to be broken up, says the social media co-founder

One of the co-founders of Facebook called on Thursday for the social media behemoth to be broken up, warning that the company's head, Mark Zuckerberg, had become far too powerful.