Economy

Friday, February 15th 2019 - 07:10 UTC
Falkland Islands' Brexit costs considered in the House of Lords

The impact of Brexit on the Falkland Islands has been raised in the UK’s House of Lords, with Lib Dem Lord Nigel Jones tabling questions to the Foreign Office. Lord Jones asked the government what assessment they had made of the Falklands’ EU exports, and the impact of World Trade Organization tariffs on Islands fisheries.
Thursday, February 14th 2019 - 10:25 UTC
Parliament to vote on Valentine's Day a raft of Brexit amendments

British Prime Minister Theresa May is hoping parliament will show her some love on Valentine's Day by backing a motion reiterating its support for her Brexit strategy and rejecting amendments that would force her hand. Lawmakers in the UK will vote on May's latest motion on Thursday and could be asked to vote on five other amendments brought forward by MPs.
Thursday, February 14th 2019 - 10:22 UTC
US/China trade talks take off in Beijing with much expectations

United States and Chinese negotiators kicked off two days of official trade talks in Beijing on Thursday as the world's top two economies try to patch up their festering economic dispute. Pressure to seal an accord ahead of a March deadline lessened before the talks as US President Donald Trump indicated on Tuesday in Washington he was open to extending a trade truce, depending on progress in Beijing.
Thursday, February 14th 2019 - 09:19 UTC
Brexit no-deal would be catastrophic, says Ford and warns it would do “whatever necessary” to protect the business

Ford has said a no-deal Brexit would be catastrophic for the firm's manufacturing operations in the UK and that it would do “whatever is necessary” to protect its business. The comments come after a report the carmaker was stepping up preparations to move production out of the UK.
Thursday, February 14th 2019 - 09:13 UTC
UK January inflation at at two-year low and below target

British annual inflation hit a two-year low point in January, undershooting the Bank of England’s 2.0 per cent target on falling oil and other energy costs, official data showed on Wednesday.
Wednesday, February 13th 2019 - 09:41 UTC
Stable low inflation and expansion forecasted by Brazilian financial market

Brazil's financial market has cut its forecast of the country's inflation rate from 3.94 to 3.87 percent for 2019 and kept the rate at 4% for 2020, the Central Bank of Brazil reported. According to the Focus survey conducted by the bank among Brazil's main financial institutions, the forecasts are within the official target of 4.25 percent, with a tolerance margin between 2.75 percent and 5.75 percent.
Wednesday, February 13th 2019 - 09:26 UTC
Trump open to extending the deadline for a trade deal with China

United States president Donald Trump said on Tuesday he would consider extending the deadline for a trade deal with China beyond March first.
Wednesday, February 13th 2019 - 07:59 UTC
Bank of England urges Parliament to secure a good Brexit withdrawal deal and a smooth transition.

Bank of England governor Mark Carney has urged MPs to solve the Brexit impasse in a speech warning of growing threats to the global economy. He said a no-deal Brexit would create an “economic shock” at a time when China's economy is slowing and trade tensions are rising.
Wednesday, February 13th 2019 - 07:49 UTC
Record exports of whisky in 2018: EU and the US main markets

Exports of Scotch whisky hit a record high last year, according to new figures. Analysis of HMRC data by the Scotch Whisky Association (SWA) found exports grew 7.8% by value to £4.7bn. The number of bottles exported also reached record levels, growing by 3.6% to 1.28 billion.
Wednesday, February 13th 2019 - 07:41 UTC
Hot and dry weather impacts on Brazil's 2018/19 soybean crop

The Brazilian 2018-19 soybean crop will fall to 115.34 million tons, as the effects of hot and dry weather in December and January are gradually taken into account, national crop agency Conab said on Tuesday.