Ford Motor Co agreed to a so-called economic loss settlement of US$ 299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show.
The UK has assumed the Presidency of the G13, a forum of countries and multilateral organizations representing the largest donors to the development of Guatemala. UK’s six months’ presidency, which starts this month, reflects our desire to keep building a strong relationship with Guatemala, and our shared commitment to peace and prosperity.
The British government has narrowly avoided a defeat on its Customs Bill after agreeing to Brexiteers' demands to change its wording. It twice survived by just three votes after a backlash from pro-EU Tories who accused Theresa May of caving in to the party's Eurosceptic MPs.
Brazil's financial institutions on Monday reduced the 2018 economic growth forecast to 1.5%, half the initial estimate issued at the beginning of the year, according to the Central Bank weekly survey. The Focus Bulletin, which interviews analysts and economists from Brazil's financial market every Monday, the country's growth estimate was actually reduced from the previous week's 1.53%.
China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further inflame a bitter trade dispute with Washington.
China's economic growth slowed in the quarter ending in June, adding to challenges for Beijing amid a mounting tariff battle with Washington. The world's second-largest economy expanded by 6.7%, down from the previous quarter's 6.8%, the government reported Monday.
The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico and Turkey following U.S. duties on steel and aluminum. The retaliatory tariffs on up to a combined US$28.5 billion worth of U.S. exports are illegal under WTO rules, U.S. Trade Representative Robert Lighthizer said in a statement.
The International Monetary Fund (IMF) expects Argentina’s government debt to peak by the end of 2018 and then fall as the country cuts its deficit as part of its US$50 billion deal with the Fund, according to a document published.
Foreign direct investment in Chile reached US$ 8.48 billion in four months January to April, its highest level since records began 15 years ago, thanks to a new law designed to attract investment, the government investment agency stated.
Overall the Argentine government is satisfied how relations with the UK regarding the South Atlantic, and Falklands' sovereignty claims are evolving, was the message with which members of the so called Malvinas Question Observatory from Tierra del Fuego province, returned to Ushuaia after meeting with foreign ministry officials in Buenos Aires, according to local media reports.