Economy

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.
Friday, March 29th 2019 - 08:48 UTC
A record 2.9 million children from working families in UK are living in poverty

A record 2.9 million children from working families in the UK are living in poverty after housing costs have been paid, the latest figures show. This means 70% of all poor children were in working families last year, up from 67% on the previous year, official statistics show.
Friday, March 29th 2019 - 08:41 UTC
EU free trade deals that UK has rolled over are “incomplete”, claim think tanks

The EU free-trade deals that the UK government has managed to roll over are “incomplete”, say trade experts. The UK Trade Policy Observatory told Newsnight the deals cannot guarantee trade will continue for British companies in a no-deal Brexit.
Friday, March 29th 2019 - 08:12 UTC
On supposed official Brexit departure day, Commons expected to vote withdrawal agreement

MPs will be asked to vote again on Brexit on Friday but only on part of the deal negotiated with the EU. They will vote on the withdrawal agreement on the Irish “backstop”, divorce bill and citizens' rights. But it will not amount to a third “meaningful vote” on the deal, as it will not include a vote on the UK's future relationship with the EU.