Economy

• Saturday, March 30th 2019 - 23:21 UTC

  British PM May considering a fourth attempt to have her Brexit deal approved

  

  British Prime Minister Theresa May on Saturday mulled a possible fourth attempt to get her Brexit agreement through parliament, faced with the growing risk of a chaotic no-deal exit in less than two weeks' time. MPs on Friday resoundingly rejected May's deal, although by a substantially lower margin than on two previous occasions in January and March.

• Saturday, March 30th 2019 - 08:18 UTC

  A third of Argentines, and one in two children living in poverty conditions, according to official data

  

  The poverty rate in Argentina during the second half of 2018 rose to 32%, or six percentage points from the same period the previous year, while 6.7% of citizens are living in a state of extreme poverty or indigence. The data was released by the INDEC Argentina's official statistics bureau on Thursday.

• Saturday, March 30th 2019 - 08:15 UTC

  Argentina election year: Macri increases spending on energy subsidies

  

  Argentina will increase spending on energy subsidies by more than US$ 100 million this year to compensate gas companies hit by delayed domestic price increases, a source at the nation's energy secretariat said.

• Saturday, March 30th 2019 - 08:10 UTC

  UK business groups “devastated” with Parliament handling of Brexit debate

  

  Business groups have said they are “devastated” after Parliament's latest rejection of the prime minister's EU withdrawal plan. They urged MPs and the government to find a solution and stave off the “nightmare” of a no-deal Brexit.

• Saturday, March 30th 2019 - 08:08 UTC

  Huawei sales top US$ 100bn despite US campaign on fears of security threat

  

  Chinese telecoms giant Huawei said revenues topped US$ 100bn in 2018 despite a US-led campaign against the business on fears it poses a security threat. The firm said revenue for 2018 hit 721.2bn yuan (US$ 107bn), while net profit jumped 25% to 59.3bn yuan.

• Saturday, March 30th 2019 - 08:02 UTC

  Brazil central bank cautious as outside shocks and domestic political tension mount

  

  Brazil’s central bank will take its time analyzing the economic impact from an increasing number of shocks from abroad and rising political tension at home that appear to be slowing the government’s reform process, its president said.

• Saturday, March 30th 2019 - 07:55 UTC

  Brazil's jobless rate rose for the second straight month and stands at 12.4%

  

  Brazil’s jobless rate rose in February for the second straight month, government data showed on Friday, adding to pressure on new President Jair Bolsonaro to reignite a sluggish economic recovery.

• Friday, March 29th 2019 - 18:39 UTC

  Montevideo: The most expensive city and the best place to live in Latin America?

  

  The Uruguayan capital is the most expensive and the best to live in the region. At least that's what the studies of The Economist, which positioned Montevideo behind Mexico City in terms of cost, and the consultancy Mercer, which places the capital at the top of Latin American quality of life ranking, revealed in publications made this month. El País (Madrid) explains that Montevideo has a “crazy decadent charm”. However, why does this phenomenon occur?

• Friday, March 29th 2019 - 18:02 UTC

  Chaotic rejection of May's Brexit deal; EU leaders meet on April 10

  

  Members of Parliament have rejected Theresa May’s EU withdrawal agreement on the day the UK was due to leave the EU. The government lost by 344 votes to 286, a margin of 58. It means the UK has missed an EU deadline to delay Brexit to 22 May and leave with a deal.

• Friday, March 29th 2019 - 09:18 UTC

  New round of trade talks in Beijing. China offers greater access to its financial market

  

  United States Treasury Secretary Steven Mnuchin said on Friday he had a “productive working dinner” the previous night in Beijing, kicking off a day of talks aimed at resolving the bitter trade dispute between the world's two largest economies.