Economy

Tuesday, February 12th 2019 - 10:25 UTC
Growing evidence shows Vale was made aware of dam's rupture risk

Vale SA, the world’s largest iron ore miner, knew last year that the dam in Brazil that collapsed in January and killed at least 165 people had a heightened risk of rupturing, according to an internal document, Reuters reported on Monday
Tuesday, February 12th 2019 - 09:41 UTC
UK and Switzerland sign a post-Brexit “continuity agreement” on trade

The UK and Switzerland have signed a deal to continue trading after Brexit as they did before it. The “continuity agreement” - based on the EU's existing free trade deal with Switzerland - was agreed in December but ratified on Monday.
Tuesday, February 12th 2019 - 09:36 UTC
UK food industry blasts the “catastrophic impact” of a no-deal Brexit

The UK food industry has threatened to stop co-operating with government policy consultations, saying it is busy trying to stave off the “catastrophic impact” of a no-deal Brexit. The warning came in a letter to Environment Secretary Michael Gove from more than 30 business leaders.
Tuesday, February 12th 2019 - 09:30 UTC
Mrs. May to tell Parliament Brexit talks at crucial stage: “we need to hold our nerve”

Prime Minister Theresa May will tell British lawmakers this Tuesday they must hold their nerve over Brexit to force the European Union to accept changes to the divorce deal that would pave the way for an orderly exit.
Tuesday, February 12th 2019 - 09:24 UTC
China iron ore futures soar on concerns over the Vale tragedy in Brazil

China iron ore futures rose to a record on Monday, the first session after a week-long national holiday, on concerns that supply from Brazil, the country’s second-largest ore supplier, may decline after a fatal dam accident at a Vale mine.
Monday, February 11th 2019 - 08:51 UTC
Institute for Fiscal Studies says more billions needed to end Hammond's austerity

Philip Hammond must spend billions extra to end austerity, says think tank the Institute for Fiscal Studies (IFS). To maintain per capita spending across government departments which don't have ring-fenced budgets, he must find an extra £5bn a year by 2023, it adds. And maintaining spending on unprotected services as a share of national income would require £11bn on top of spending plans set out in the 2018 Budget.
Saturday, February 9th 2019 - 07:46 UTC
Two new South Atlantic trawlers to be built at Nodosa shipyard, Galicia

The Galicia, Spain-based boat-builder Nodosa Shipyard has received orders for a pair of new Spanish trawlers during the past month. In its most recent order, Nodosa signed a contract with the Spanish harvester Pescapuerta Group to build a new freezer stern trawler for fishing in the South Atlantic. It aims to have delivered the vessel by the end of 2020, ready to enter full operations for the spring 2021 season.
Saturday, February 9th 2019 - 07:34 UTC
Trade war: US and China set to discuss intellectual property on Monday

United States negotiators are preparing to press China next week on longstanding demands that it reform how it treats American companies’ intellectual property in order to seal a trade deal that could prevent tariffs from rising on Chinese imports.
Friday, February 8th 2019 - 10:15 UTC
Global food prices started 2019 with a rebound, says FAO

Global food prices began the year on a buoyant note, as the FAO Food Price Index averaged 164.8 points in January 2019, up 1.8 percent from the previous month. A sharp rebound in dairy price quotations and firmer prices of palm and soy oils drove the increase, the United Nations agency said today.
Friday, February 8th 2019 - 09:18 UTC
Theresa May and Juncker issue joint statement and agree to further meetings

British Prime Minister Theresa May came away from a day in an increasingly impatient Brussels on Thursday with a pledge of renewed talks that held out some hope for a new Brexit deal, if no sign of compromise yet. Ms May is scheduled to fly to Dublin this Friday.