Economy

• Tuesday, January 8th 2019 - 08:37 UTC

  World Bank President steps down; possible differences with Trump's policies

  

  World Bank President, Jim Yong Kim has made the surprise announcement that he is stepping down after six years in the post. His resignation will take effect from 1 February. Mr Kim, 59, was not due to leave until 2022, after he was re-elected for a second five-year term in 2017.

• Tuesday, January 8th 2019 - 07:32 UTC

  Ryanair, UK's least liked short-haul airline for sixth year running

  

  Ryanair has won the dubious honor of the UK's least-liked short-haul airline for the sixth year running. The results from a Which survey of airline passengers ranked Ryanair at the bottom of 19 carriers flying from the UK. A Ryanair spokesperson said the airline's success was not reflected in the survey.

• Tuesday, January 8th 2019 - 06:54 UTC

  Bolsonaro advances on the Amazon: head of environmental protection agency resigns

  

  The head of Brazil's environmental protection agency has resigned following criticism from the country's newly inaugurated far-right President Jair Bolsonaro.

• Monday, January 7th 2019 - 09:18 UTC

  Rule out a “no-deal Brexit”, 200 plus all parties MPs call on Theresa May

  

  More than 200 MPs from different political parties have signed a letter to Prime Minister Theresa May, urging her to rule out a no-deal Brexit. The MPs - including both Leave and Remain supporters - have been invited to meet the prime minister on Tuesday.

• Monday, January 7th 2019 - 09:03 UTC

  Oil Is at the mercy of Financial Markets

  

  Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading. The price gains are not entirely convincing. WTI and Brent posted strong gains, each up more than 3 per cent by midday in New York, but come largely after U.S. equity markets shook off an earlier bout of pessimism.

• Monday, January 7th 2019 - 08:44 UTC

  New pound coin goes global with rollout to British Overseas Territories

  

  United Kingdom Overseas Territories and Crown Dependencies will, for the first time, be able to design and mint their own versions of the new 12-sided £1 coin. The iconic £1 coin has long been recognized around the world and Brits living in UK territories may soon be able to spend unique versions of the new pound, replacing the older coins currently in use, reports the UK Treasury in an official release.

• Saturday, January 5th 2019 - 09:06 UTC

  Major “live test” in South England on Monday in the event of a no-deal Brexit

  

  The British Government is to use up to 150 trucks in a major test of its plans for UK border disruption in the event of a no-deal Brexit. A “live test” on Monday will examine the proposal to use Manston airfield near Ramsgate as a mass “HGV holding facility” to alleviate congestion on the roads to the Channel ports, the Department for Transport has confirmed.

• Saturday, January 5th 2019 - 08:59 UTC

  New Brazilian administration prepared to open concentrated banking to foreign competition

  

  The fast pace of Brazilian president Jair Bolsonaro continued on Friday, with current central bank Governor Ilan Goldfajn telling newspaper Valor Economico that the new administration is likely to empower the central bank to approve the entrance of new foreign lenders into Brazil.

• Saturday, January 5th 2019 - 08:54 UTC

  Markets disappointed with Bolsonaro's watered down pensions reform

  

  Brazil President Jair Bolsonaro on Friday called for minimum retirement ages significantly lower than those proposed by his predecessor, sparking concerns among investors that he will back watered-down pension reform legislation.

• Saturday, January 5th 2019 - 08:50 UTC

  Grassroots conservatives want PM May's Brexit deal ditched, according to survey

  

  More than half of grassroots Conservative members want Theresa May’s Brexit deal to be ditched in favour of no deal, a survey has found. About 57% of the rank and file are convinced that leaving the EU without a deal is better than their own leader’s Brexit plan, according to a poll funded by the Economic and Social Research Council.