Economy

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.
Monday, March 11th 2019 - 18:30 UTC
Falklands: First surveys of the Burdwood Bank completed for Marine Managed Areas Project

By Ander M. de Lecea - Research scientist Drs Ander de Lecea and Marina Costa of SAERI recently completed their first surveys of the Burdwood Bank, kicking off the “Fine Scaling of the Marine Management Areas of the Falkland Islands” (MMA) project.
Saturday, March 9th 2019 - 09:18 UTC
Tuesday's Commons Brexit vote countdown: “no one knows what can happen”

UK Prime Minister Theresa May has issued a plea for support as the showdown on her Brexit deal looms, warning the UK will be plunged into crisis if MPs reject the Withdrawal Agreement. In a stark message ahead of Tuesday’s Commons vote, the Prime Minister said “no-one knows” what will happen if her plan is defeated, with the possibility of Brexit being derailed completely.
Saturday, March 9th 2019 - 09:01 UTC
Job creation in the US remains but labor demand is softening

US economy created the lowest number of jobs for a year-and-a-half in February, well below forecasts. Just 20,000 new jobs were created last month against expectations of a 180,000 increase, official figures show.
Saturday, March 9th 2019 - 08:57 UTC
World's largest sovereign fund, belonging to Norway, diversifying from oil

Norway's US$ 1 trillion sovereign wealth fund is expected to sell some of its oil and gas holdings. The world's largest sovereign wealth fund owns US$ 37bn of shares in oil companies such as BP, Shell and France's Total.
Friday, March 8th 2019 - 09:15 UTC
Euro zone interest rates frozen for twelve months given overall slowdown

Interest rates in the Euro zone will not rise until next year at the earliest, the European Central Bank has signaled amid evidence of a slowdown in the 19 countries using the single currency. The ECB also unveiled a round of fresh stimulus, offering banks cheap loans to try to help revive the economy.