Economy

Tuesday, June 26th 2018 - 08:40 UTC
Saudis commitment to increase oil production to meet growing customer demand

Saudi Arabia’s state oil giant will meet customer demand for its crude after the country’s energy minister cemented a deal to boost global supply, according to Saudi Aramco CEO Amin Nasser.
Tuesday, June 26th 2018 - 08:35 UTC
Latest member to join OPEC expects to raise oil production by 65%

The Republic of Congo expects to raise oil production by as much 65% this year as two new projects come on stream, Hydrocarbons Minister Jean-Marc Thystere-Tchicaya said.
Tuesday, June 26th 2018 - 08:22 UTC
Latam stocks and currencies hit by global trade disputes

Latin American stocks and currencies mostly fell on Monday as the trade dispute between the United States and other leading economies worsened, but central bank intervention kept the Brazilian real steady.
Tuesday, June 26th 2018 - 08:16 UTC
Brazilian soybeans expected to benefit from US-China trade war

The country that could indirectly benefit from the intensifying US-China trade war is Brazil, which finds itself in a strategic position to increase its market share of soybean exports to China.
Monday, June 25th 2018 - 10:24 UTC
General strike in Argentina to protest president Macrí's economic reforms

Argentina labor's umbrella organization CGT, has organized a strike for Monday to protest the economic reforms being implemented y the administration of president Mauricio Macri's business friendly administration.
Monday, June 25th 2018 - 08:39 UTC
Brexit debate in the streets of London: tens of thousands march for, and against leaving the EU

Tens of thousands of people have marched on Saturday in central London to demand a final vote on any UK exit deal, on the second anniversary of the Brexit vote. Organizers of the People's Vote march say Brexit is “not a done deal” and people must “make their voices heard”. Meanwhile, hundreds attended a pro-Brexit counter-protest. It came as senior Cabinet ministers, including Liam Fox and David Davis, insisted the UK is prepared to walk away from talks without an agreement.
Monday, June 25th 2018 - 08:13 UTC
EU imposes retaliatory tariffs on US goods: bourbon, motorcycles, orange juice

The European Union (EU) has introduced retaliatory tariffs on US goods as a top official launched a fresh attack on President Donald Trump's trade policy. The duties on €2.8bn worth of US goods came into force on Friday. Tariffs have been imposed on products such as bourbon whiskey, motorcycles and orange juice.
Monday, June 25th 2018 - 07:44 UTC
UK government reacts to Brexit threats from business: “completely inappropriate” at negotiations critical moment

Health Secretary Jeremy Hunt has said that “threats” by business over Brexit are “completely inappropriate”. He was responding to warnings by Airbus and BMW that investments in the UK could be jeopardized by Brexit uncertainty.
Saturday, June 23rd 2018 - 09:09 UTC
Scotland withdraws consent to any further Brexit legislation until “devolution system is fixed”

Holyrood will not give consent to any further Brexit legislation until the “broken” devolution system is fixed, Scotland's Brexit Minister has said. Michael Russell added the Scottish government no longer trusted UK ministers after they pushed through the Brexit bill last week. He was speaking as Nicola Sturgeon held talks in Guernsey with UK Cabinet Minister David Lidington.
Saturday, June 23rd 2018 - 09:03 UTC
BMW joins Airbus in calling for clarity in Brexit negotiations

Car giant BMW has followed plane-maker Airbus in warning about the consequences of Brexit uncertainty. BMW UK boss Ian Robertson says clarity is needed by the end of the summer. BMW makes the Mini and Rolls Royce and employs about 8,000 people in the UK.