Economy

Monday, April 23rd 2018 - 09:22 UTC
China and South Korea seek trade agreements with Mercosur

China and South Korea are seeking to establish free trade agreements with Mercosur in a strategic response to Washington's increasingly protectionist stance. The East Asian initiatives have resonated well in a region where Washington is keeping its distance. U.S. President Donald Trump has not visited a single Latin American country since taking office in January 2017, and chose not to attend the Summit of the Americas, which recently concluded in Peru.
Monday, April 23rd 2018 - 09:08 UTC
EU and Mexico reach new trade agreement: tariff cuts for European cheese and pork

The European Union and Mexico reached an agreement on Saturday on a new free trade deal, a coup for both parties in the face of increased protectionism from the United States under President Donald Trump. Since its plans for a trade alliance with the United States were frozen after Trump's election victory, the EU has focused instead on trying to champion open markets and seal accords with other like-minded countries.
Monday, April 23rd 2018 - 08:41 UTC
Bank of England likely to raise interest rates twice in 2018 and 2019

The Bank of England is likely to raise interest rates twice this year and twice in 2019, despite a sluggish economy, says a forecasting body. Bank governor Mark Carney has said a rate rise is “likely” this year, but any increases will be gradual.
Monday, April 23rd 2018 - 08:37 UTC
Speed of recovery, the main debate on the Brazilian economy

Brazil's policy makers welcomed an upward revision of the country's growth by the International Monetary Fund, while downplaying the fact its estimate remains lower than others.
Sunday, April 22nd 2018 - 13:08 UTC
FAAlling standards: Is air travel still safe?

Within one week, 60 Minutes broadcasted an exposé on Allegiant Air’s poor safety record – and Southwest Airlines blew an engine at 30,000 feet. Throw in years of Boeing 787 engine troubles- which have affected Norwegian Airlines, Air India and others – and a lot of questions are raised:
Friday, April 20th 2018 - 09:51 UTC
European Court of Justice rules airlines must compensate passengers for delays and cancellations

The European Court of Justice in Luxembourg ruled that airlines must compensate their passengers for flight delays and cancellations, even though the reason for this was a strike by airline staff. The airlines are now facing a wave claims, because this ruling applies to all previous airline strikes and new ones.
Friday, April 20th 2018 - 09:27 UTC
Mexico bans government institutions from doing business with Odebrecht

Mexico has banned federal institutions and state governments from doing business with Brazilian construction firm Odebrecht for the next 2-1/2 years, and fined the company around US$ 60 million, the government said.
Friday, April 20th 2018 - 09:19 UTC
WTO backing for Brazil in the aircraft manufacturing subsidies dispute with Canada

Brazil has secured World Trade Organization backing to press its claims against Canada in a dispute over what it says are unfair subsidies for Bombardier Inc.’s CSeries jets, a preliminary WTO ruling published this week showed.
Friday, April 20th 2018 - 09:11 UTC
Some 140.000 UK households without heat or power say two surveys

Hundreds of thousands of the poorest families in Britain are going without basic necessities, according to two separate surveys. Citizens Advice said as many as 140,000 households are going without power, as they cannot afford to top up their prepayment meters. And the Living Wage Foundation - which campaigns for fair pay - said many of the poorest parents are skipping meals.
Friday, April 20th 2018 - 09:02 UTC
Record one billion dollars penalty on Wells Fargo expected to be announced on Friday

United States federal regulators are poised to impose a US$ 1 billion penalty on Wells Fargo for a variety of alleged misdeeds, including forcing customers to buy auto insurance policies that they didn't need, according to people briefed on the regulatory action.