Economy

• Friday, June 29th 2018 - 09:13 UTC

  Beijing eases limits on foreign investment in banks, car industry and agriculture

  

  The Chinese government has eased rules that limit foreign investment in the country's banks, car industry and agriculture. The barriers have drawn criticism from trading partners, including the US. The Trump administration cited the rules as an example of unfair practices when it announced plans for tariffs on Chinese goods earlier this year.

• Friday, June 29th 2018 - 08:54 UTC

  Brazil's currency and stock market recover on Thursday, helped by opinion poll

  

  The Brazilian real climbed almost 1% against the dollar on Thursday, as a rout on Wednesday led to a technical correction and a key poll showed Brazil's left failing to gain steam in presidential elections scheduled for October.

• Friday, June 29th 2018 - 08:40 UTC

  Brazil central bank slashed 2018 growth forecast to 1.6%

  

  Brazil’s central bank on Thursday slashed its growth forecast for 2018 gross domestic product after a nationwide truckers strike paralyzed key sectors of Latin America’s largest economy. The bank sees GDP growth of 1.6% this year, according to its quarterly inflation report, compared to 2.6% previously.

• Friday, June 29th 2018 - 06:28 UTC

  Falklands' welfare and pension changes effective July 1st

  

  The Falkland Islands Treasury, following the publication of the 2018/19 Government Budget in April, reminds the public of the following welfare and pension changes that will be coming into force from 1 July onwards, and some further changes that will be effective from 1 January 2019 onwards.

• Friday, June 29th 2018 - 05:25 UTC

  “An unforgettable year for soybeans in Argentina”, yields and harvested area at its lowest

  

  Argentine soy yields and harvesting area have been chopped by drought to their lowest levels since the 2008/09 season, analysts said on Thursday, citing the effect of a four-month dry spell that suddenly gave way to floods in April.

• Friday, June 29th 2018 - 05:11 UTC

  President Vizcarra claims corruption costs Peru US$ 3 billion annually

  

  President Martin Vizcarra said that the Peruvian government will enforce a “zero tolerance” policy against corruption amid a spreading bribery scandal that has involved at least three former presidents.

• Friday, June 29th 2018 - 04:49 UTC

  Falklands achieve top marks with TripAdvisor satisfaction rating

  

  The Falklands has achieved a satisfaction rating of 8.9 out of 10 on travel-based social media site TripAdvisor, up from 8.8 last year, according to the Falkland Islands Tourist Board (FITB).

• Friday, June 29th 2018 - 04:25 UTC

  IAG expands low-cost long-haul airline Level with operations from Vienna

  

  British Airways' owner IAG is expanding its low-cost long-haul airline Level further by launching short-haul routes from a base in Austria. The move puts it further in competition with rivals EasyJet and Ryanair. IAG launched the Level brand more than a year ago as a low-cost rival to challenger Norwegian.

• Friday, June 29th 2018 - 03:49 UTC

  British defense wins major contract to build nine warships for Australia

  

  British defense giant BAE Systems has won a multi-million pound contract from the Australian government to build nine new warships, marking a significant victory for British military exports. BAE beat Italian and Spanish rivals to win a large slice of the £20bn spending program.

• Thursday, June 28th 2018 - 13:11 UTC

  Berlin and Paris angry with UK over Brexit, a “pain in the ass” distracting from major issues

  

  Influential EU states such as Germany, France and Spain will block any attempt by the UK to remain within the single market for goods without freedom of movement, the Spanish Foreign Minister has said. Josep Borrell said that some smaller EU states might privately be willing to negotiate reform of the bloc’s free movement rules in order to keep easy access to UK products.