Economy

Wednesday, December 12th 2018 - 18:32 UTC
Money markets bet Theresa May will win the confidence vote

The pound has risen amid speculation that Prime Minister Theresa May will win the vote of confidence in her leadership on Wednesday evening. The currency is trading 1.4% higher against the dollar at $1.2660 and 0.9% higher against the euro at €1.1132.
Wednesday, December 12th 2018 - 14:59 UTC
Study reveals that 8 million Venezuelans would migrate during 2019

A study carried out by Harvard University economists Dany Bahar and Douglas Barrios reveals that at least 8.2 million Venezuelan citizens would leave during 2019 their country to escape the economic and political crisis that Venezuela is experiencing.
Wednesday, December 12th 2018 - 08:41 UTC
China prepared to cut tariffs on US-made cars to 15%, reports Bloomberg

China has reportedly proposed cutting tariffs on US-made cars to 15%, the same tax levied on car imports from other countries. Bloomberg reported that China's cabinet will review the plans, which would undo the 40% import duty China imposed on US cars this summer.
Wednesday, December 12th 2018 - 08:21 UTC
Tory Brexiteers confident they can force a no confidence vote in Theresa May

Tory Brexiteers are increasingly confident they have enough support to trigger a no-confidence vote in Theresa May as party leader. If 48 Conservative MPs submit letters to say they no longer support her, a leadership challenge will be launched. There is no confirmation but sources, including a cabinet minister, have said they believe 48 letters have been sent.
Wednesday, December 12th 2018 - 07:19 UTC
Huawei conflict: Trump intervenes; Ms Meng granted bail in Canadian court

Donald Trump says he could intervene in the case of Huawei executive Meng Wanzhou if it helps to avoid a further decline in US relations with China. “Whatever's good for this country, I would do,” the US president said.
Wednesday, December 12th 2018 - 06:37 UTC
Mexico to invest US$ 30bn in the “Central American conundrum” and improve migration relations with US

Mexico will invest more than US$ 30 billion in its poor southern states over the next five years, the foreign minister said, boosting the region economically as part of efforts to curb migration. Under pressure from the United States, Mexico is grappling to halt the northward flow of migrants fleeing violence and poverty in Central America.
Wednesday, December 12th 2018 - 06:28 UTC
Ex PM John Major calls to revoke Brexit and involving parliament and people in “a serious reflection”

Britain must revoke its notice to quit the European Union with immediate effect to allow for “serious and profound reflection” by both parliament and the people, former Prime Minister John Major said on Tuesday.
Tuesday, December 11th 2018 - 08:35 UTC
French president yields to weeks of protests and rolls back most reforms

French president Emmanuel Macron has promised a minimum wage rise and tax concessions in response to weeks of violent protests. France has seen four weekends of violent protests against fuel tax rises, living costs and other issues. Speaking in a televised address, Mr. Macron condemned the violence but said the protesters' anger was “deep, and in many ways legitimate”.
Monday, December 10th 2018 - 06:02 UTC
Mrs. May expected to lose the Tuesday vote on her Brexit deal, but will stay on

Commons vote on Tuesday will not be delayed, the Brexit Secretary has said, amid growing calls for the PM to go back to Brussels to renegotiate. Stephen Barclay also said Theresa May could stay in post if, as expected, MPs reject her Brexit plan.
Monday, December 10th 2018 - 05:51 UTC
US/China trade negotiations have a deadline: March first, says Lighthizer

U.S.-China trade negotiations need to reach a successful end by March 1 or new tariffs will be imposed, U.S. Trade Representative Robert Lighthizer said on Sunday, clarifying there is a “hard deadline” after a week of seeming confusion among President Donald Trump and his advisers.